2024 1/10oz South African Krugerrand Gold Coin

2024 South African Krugerrand 1/10oz Gold Coin

The Krugerrand is recognised as the most widely traded and best-known gold bullion coin in the world. Introduced in the late 1960s, when South Africa accounted for nearly three quarters of global gold production, it became an essential tool for promoting gold ownership after the Gold Standard ended in 1971.

History and Origins
Developed through collaboration between the Chamber of Mines of South Africa, the South African Reserve Bank, and the South African Mint, the Krugerrand was first struck on 3 July 1967. It was the first gold coin to be denominated in ounces, a format that has since become the industry standard.

Key Characteristics
While the Krugerrand is classified as legal tender, it does not carry a face value. Its worth is directly linked to the international gold price, ensuring clarity and transparency for owners. Struck in 22 karat gold, it was mass produced to make gold ownership accessible to ordinary buyers. Since its introduction, more than 50 million Krugerrands of various denominations have been minted, cementing its position as one of the most iconic and trusted gold coins globally.