bullion coin

Krugerrand 2016

South Africa 2023 1/10 oz Au 916

Catalogue number LR #2179

Country South Africa

Metal Au

Fineness (purity) 916

Weight 1/10 oz

Diameter 16,50 mm

Quality BU

Year of issue 2023

Certificate No

298,35 $ Catalog price

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Krugerrand, the most famous and appreciated investment coin in the world.This gold bullion coin is minted from 916 gold with a small amount of copper (8.333%).The addition of copper increases the value's resistance to scratches and also gives it a unique color.It is worth noting that the gold krugerrand contains 1/10 of an ounce of 24-carat gold.

The coin features an image of springbok antelope. Coins with its image have been minted continuously since 1967. Coin name created by combining the words "Kruger" with "Kruger". (from the name of the President of South Africa) and "rand", which is the name of the currency in South Africa.Krugerrands are produced by the South African Mint - Rand Refinery. They are legal tender, guaranteed by the South African government as to the legality, purity and origin of the metal. It is interesting that although Krugerrands are legal tender, they have no monetary value. This means that the South African Reserve Bank is obliged to buy back the coins at the prevailing price of gold.

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