2024 1/4oz South African Krugerrand Gold Coin

South African Krugerrand 2024 1/4oz Gold Coin

The Krugerrand is the most widely owned and actively traded bullion coin in the world. Launched in the late 1960s, when South Africa produced around 75 percent of the western world’s annual gold supply, it became an essential tool for promoting private gold ownership after the collapse of the Gold Standard in 1971.

Heritage and Development
The coin was created through collaboration between the Chamber of Mines of South Africa, the South African Reserve Bank, and the South African Mint. First issued on 3 July 1967, it was the world’s first gold coin denominated in ounces—a standard that influenced the entire bullion market.

Defining Characteristics
Though legal tender, the Krugerrand carries no face value. Instead, its worth is directly linked to the global price of gold, reinforcing its purpose as a true bullion coin. Struck in 22 karat gold, it was designed for mass production so that ordinary buyers could purchase gold with confidence. Since its release, more than 50 million Krugerrands of various sizes have been minted, making it one of the most trusted and iconic gold coins in circulation.