1 troy ounce Gold Krugerrand coin

The gold Krugerrand is the most popular and most traded coin type worldwide. The gold Krugerrand comes from the South African Mint and has been issued since 1967. 
 
This 1 troy ounce gold Krugerrand is from previous years and is typically cheaper than newly minted coins, while having the same weight and gold content. The coins from previous years are purchased from individuals and can therefore be offered at a sharp rate. 
 
The gold Krugerrand coin is the first coin to contains exactly 1 troy ounce of gold. With a weight of 33.93 grams and a gold content of 22 carats (91.67%), this coin was minted with the purpose of being traded for its gold value. Because the Krugerrand coin is struck in 22 carat gold, this coin has a different shade than pure gold coins and is also somewhat heavier. Krugerrand coins also contain copper, giving the coin a reddish hue. The copper is used in this coin to make the coin stronger. 
 
Internationally, the 1 troy ounce gold Krugerrand is by far the most common gold coin with more than 48 million pieces sold worldwide. The Krugerrand is known as the oldest current investment coin.

The Krugerrand series

In 1967, the gold Krugerrand was first minted by the Rand Refinery and the South African Mint. The gold Krugerrand was minted to promote South African gold. The coins have been minted since 1967 on behalf of the South African government. Around 1980, the gold Krugerrand accounted for almost 90% of the global sales of gold investment coins. 
 
The name of the coin is a mix of Rand, the local South African currency, and Kruger, from Paul Kruger, a former president of South Africa. Since the introduction of the coin, the design has hardly changed.