Price subject to additional premium in certain locations.
The Krugerrand is a South African coin, first minted in 1967 to help market South African gold. The gold Krugerrand is produced by the Rand Refinery and the South African Mint. The name is a compound of Paul Kruger, the former President of the South African Republic (depicted on the obverse), and rand, the South African unit of currency. On the reverse side of the Krugerrand is a pronging springbok, South Africa's national animal.
By 1980 the Krugerrand accounted for more than 90% of the global gold coin market and was the number one choice for investors buying gold. However, during the 1980s and 1990s, Krugerrands fell out of favor as some western countries forbade import of the Krugerrand because of its association with the apartheid government of South Africa.
Although Krugerrand gold coins have no face value, they are considered legal tender in South Africa by the South African Reserve Bank Act (SARBA) of 1989.
In 2017, the Rand Refinery began minting silver versions, which have the same overall design as the gold Krugerrand coin.
Along with a wide selection of gold bullion, the 1 oz gold Krugerrand coin is available to purchase from SWP Cayman. You can have your South African gold Krugerrand coins delivered to your home or office, or store your gold Krugerrands in one of our secure storage facilities. See above for the current gold Krugerrand coin price.