Description
1oz 22k South African Krugerrand Gold Coin – Varied Years The world’s most widely held and actively traded gold bullion coin. During the late 1960s and early 70s, when South Africa’s annual gold mine output averaged 75% of total output in the western world, the promotion of gold was considered vital, following the final collapse of the Gold Standard in 1971. VAT FreeInternationally Recognised Series • Internationally Recognised Series The Krugerrand was the world’s first ounce-denominated gold coin. Although they are legal tender, they have never recorded a face value on their obverse or reverse sides. This was done to emphasise that the value of each coin is directly related to the prevailing value of their fine gold content. They were mass produced to enable the “man in the street” to purchase gold easily and with confidence.
