The Krugerrand (; or )is a South African gold coin, first minted in 1967 to help market South African gold and produced by the South African Mint. By 1980 the Krugerrand accounted for 90% of the global gold coin market. The name itself is a compound of “Kruger” (the man depicted on the obverse) and “rand”, the South African unit of currency. During the 1970s and 1980s some Western countries forbade import of the Krugerrand because of its association with the apartheid government of South Africa. The Krugerrand today is a popular coin among collectors. Production levels of Krugerrands significantly varied during the last 50 years. During the period 1967-1969 around 40,000 coins were minted each year. In 1970 the amount rose to 211,018 coins. Over one million coins were produced in 1974 and in 1978 an absolute record of six million Krugerrands were produced. Following the end of apartheid the production dropped to 23,277 coins in 1998 and since then levels have increased again, albeit not getting to the amounts before the introduction of the international sanctions.

About the author 

Nathan Tarrant

Nathan has worked in financial services, marketing, and strategic business growth for over 30 years, as well as working in internet marketing since 1998.

In 2008 after the financial crash, Nathan operated as a financial & investment advisor to delegates of the United Nations, the World Health Organization, and senior managers of Fortune 500 companies in Geneva, Switzerland.

He started Gold Trends as he enjoys working with alternative investments, having advised on them in the past.

Please note: Nathan is no longer a financial or investment advisor. The information he shares on this site is purely for education and information purposes only. You can read more on the About page.

Leave a Reply

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

 PROTECT YOUR WEALTH 

GET YOUR FREE 2022 WEALTH PROTECTION KIT FROM GOLDCO

Includes: Printed Guide, Audio Guide & Video Guide

goldco wealth protection kit