Krugerrands are made of 22-karat gold, which is gold with a fineness of 916.6. However, the total weight of Krugerrands is more than 1/4 ounce, specifically 8.48 grams. As a result, each Krugerrand contains exactly 7.776 grams of pure gold (1/4 ounce of pure gold with a fineness of 999.9) and an additional 0.7 grams of copper, making the total weight 8.48 grams. What's more, this exceptional specimen comes with a certificate of authenticity. Krugerrands are produced by the South African mint, Rand Refinery. They are legal tender, backed by the South African government for their legality, metal purity, and origin. Interestingly, although Krugerrands are legal tender, they do not have a face value. This means that the South African Reserve Bank is obligated to repurchase the coins at the prevailing gold price. The obverse features the portrait of President Paul Kruger along with the inscriptions "SUID-AFRIKA" and "SOUTH AFRICA". The reverse depicts a springbok antelope, the symbol of South Africa. On either side of it are the numbers representing the minting year, and below is the inscription "Fyngoud 1/4oz fine gold", indicating the content of pure gold.