Thursday/ the Krugerrand is 50

The South African Mint has been producing gold Krugerrands* since 1967, so 2017 marks the 50th anniversary of the world’s most popular gold bullion coin (more than 50 million ounces of Krugerrands have been sold over the decades).   What’s new this year is that the coin is minted in silver and and platinum for the first time ever.  And I want to get my grubby hands on at least the silver coin (about US$ 59), so I ordered one from the South African mint.   A coin store I went to today would only sell me a full roll of 25 silver coins, or none. What’s up with that? I thought. The gold coin sells for a much more serious $US 2,368 and the platinum coin goes for US$ 2,164 !

*The word Krugerrand is a combination of Kruger (after Paul Kruger, President of the South African Republic from 1883 to 1900) and the South African currency, the rand.

The new 2017 silver Krugerrands actually show the ‘R1’ denomination .. something that was left off from the gold coins.

Leave a Reply

Your email address will not be published.