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bullion coin

1 rand Krugerrand 2020

South Africa 2019 1 oz Ag 999

Catalogue number LR #2012
Denomination 1 rand
Country South Africa
Metal Ag
Fineness (purity) 999
Weight 1 oz
Diameter 38,70 mm
Quality BU
Year of issue 2019
Certificate No
Capsule Yes
38,62 $ Catalog price
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Krugerrand is one of the most popular bouillon coin in the world. It is minted by the renowned South African mint Rand Rafinery. They are a full legal tender in South Africa and are guaranteed by the South African government. Interestingly, despite their legality as to the means of payment, they do not have a denomination. This means that the South African Reserve Bank is obliged to buy back the coins at the prevailing price of gold. The Krugerrand silver version was first introduced to the numismatic market in 2017. Earlier versions were only gold. These coins are excellent when it comes to investing their capital. Due to their popularity, they are very liquid, both in the case of a desire to buy and sell. The reverse of the coin invariably decorates the springbok antelope, which is the symbol of South Africa. On the obverse there is an image of Paul Kruger, who is the most famous South African politician and president.

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