1 Ounce Gold Krugerrand 2018 Proof (Mintage: 1,000 | incl. Case)
- Famous Design: Kruger and Springbok
- With Certificate: Authenticity confirmed
- Reddish-Gold Shine: thanks to copper content
- Famous DesignPresident Paul Kruger and South Africa's national animal
- With CertificateComes with matching certificate of authenticity
- Reddish-Gold ShineGold at 916.67/1,000, copper makes the coin more robust
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ShareKrugerrand · 2018 Issue
The leap that began in 1967.
You are looking at the side with the springbok.
Gold for the hands of ordinary people.
In the late 1960s, around three quarters of the western world’s gold came from South Africa. The Chamber of Mines wanted ordinary people, too, to be able to own gold.
With the Krugerrand, a new kind of coin came into being for this purpose: exactly one ounce of fine gold, with no face value struck on it. Its value was meant to come directly from the gold it contains.
6,012,293
Krugerrand bullion coins were issued in 1978 alone, 187 tonnes of gold in all.
A leap through history
1886
Gold on the Witwatersrand
On the Witwatersrand, the ridge of white water, rich gold deposits are discovered. South Africa’s currency is also named after it: the rand.
1947
The springbok
The sculptor Coert Steynberg draws his springbok in 1946 and 1947. It first appears in 1947 on the 5-shilling coin marking the visit of the British royal family.
1967
The first Krugerrand
On 3 July, commissioned by the South African Reserve Bank and the Chamber of Mines, the South African Mint strikes the first Krugerrand.
1980
Smaller sizes
The half ounce, the quarter ounce and the tenth ounce are added so that smaller sums can also be invested in gold.
2017
Fifty years
For the anniversary, the first silver Krugerrand appears, along with the 1/20 and 1/50 ounce in gold. For these coins, the designers go back to the original wax models and designs.
The motif
The springbok and the president
- The springbok
- South Africa’s national animal in mid-leap. The springbok owes its name to its characteristic leaps. It was designed by the sculptor Coert Steynberg.
- The aloe
- The motif includes an Aloe claviflora, one of South Africa’s best-known aloes. It grows in the dry interior of the country, where the springbok is also at home.
- Fyngoud
- Below the springbok is the fine gold content, framed by FYNGOUD in Afrikaans and FINE GOLD in English. Fyngoud means fine gold.
- Paul Kruger
- The other side shows Paul Kruger in profile. In 1883 he became president of the South African Republic, also known as the Transvaal. The portrait was created by the die engraver Otto Schultz. According to the South African Mint, it goes back to the Kruger half-crown of 1892.
- The name
- Krugerrand combines the name Kruger with the rand, South Africa’s currency.
The alloy
Eleven parts gold, one part copper
The Krugerrand is made of 22-carat gold: eleven twelfths fine gold and one twelfth copper. The copper makes the coin harder and more resistant to scratches. It also gives the coin its warm, reddish sheen.
Every coin contains its full weight in fine gold, and the copper is added on top. That is why the one-ounce coin weighs 33.93 grams and yet contains exactly one ounce of fine gold.
Proof
Placed by hand
The proof finish has accompanied the Krugerrand since the very first year of issue: in 1967, 10,000 gold Krugerrands were made in this quality.
For the 2017 anniversary, the South African Mint described its process as follows: the coins are placed by hand and struck several times at lower pressure, so that every detail is transferred flawlessly.
Each coin is then packed by hand and protected in a capsule, so that it stays just as it left the press.
The same leap since 1967.
This issue too.
By its 50th anniversary in 2017, more than 60 million Krugerrands had been sold. The 2018 issue is part of this story, and the story goes on, in your hand and perhaps one day in the hand of someone you pass it on to.
1,000
pieces in the edition
31.1 g fine gold · 916.67/1,000
· Proof · Case
Issuing country: South Africa. The South African Mint is a wholly owned subsidiary of the South African Reserve Bank.
1 oz Gold Krugerrand 2018 Proof - A Rarity for Collectors and Precious Metal Enthusiasts
The 1 oz Gold Krugerrand 2018 Proof is an exclusive coin produced in the highest minting quality, "Proof" (PP). It is considered a must-have for every Krugerrand collector and precious metals enthusiast. With a strictly limited mintage of only 1,000 pieces worldwide, this coin is a genuine rarity and offers high potential for value appreciation.
- Minting quality: Highest possible minting quality "Proof" (PP)
- Strictly limited: Very low mintage of only 1,000 pieces worldwide
- Growth potential: Very high potential for value appreciation due to strict limitation and high demand
- Rare collector's coin / rarity: Given worldwide demand, a mintage of 1,000 pieces is very low
- Design: The obverse depicts Paul Kruger, who was President of the South African Republic from 1883-1902. The reverse shows South Africa's national animal, the Springbok.
- Material / fineness: The Krugerrand is made of gold with a fineness of 916.67/1,000. The remaining portion consists of copper, which gives the coin its characteristic reddish-gold color and makes it more durable.
- Mint: The coin is produced by the renowned South African Mint in South Africa.
The Significance of Gold and the Special Features of the Krugerrand
Gold coins, such as the Krugerrand, have been a stable and proven store of value for thousands of years. Gold has never had a value of zero because it possesses intrinsic value. It protects against loss of purchasing power and is the oldest currency in the world. Gold is exempt from VAT and is used as a hedge against inflation and currency risks. It has intrinsic value and is recognized as currency worldwide. Gold is tradable worldwide and can be used as a medium of exchange. It is a scarce commodity with limited supply, which leads to long-term value stability.
The 1 oz Gold Krugerrand 2018 Proof is a South African gold coin produced by the South African Mint. It was issued in the highest minting quality, "Proof," and is especially sought after by collectors. The coin has a mintage of 1,000 pieces and is delivered in the original coin case with the accompanying certificate of authenticity.
Design and Motif of the Krugerrand
The obverse of the coin features the likeness of South African President Paul Kruger, after whom the coin is named. The likeness is framed by the lettering of the issuing country, "SUID-AFRIKA - SOUTH AFRICA". The reverse of the coin displays the year of minting as well as the legendary Springbok antelope, the heraldic animal of the Republic of South Africa. In the background behind the antelope, a typical South African semi-desert landscape is depicted. Alongside the indication of the fine weight, the initials "CLS" of the South African sculptor Coert Lourens Steynberg are integrated on the reverse.
Technical Data and Origin
The coin has a diameter of 32.6 mm, a thickness of 2.8 mm, and a gross weight of 33.93 g. The Krugerrand is made of gold with a fineness of 916.67/1,000. The remaining portion consists of copper, which gives the coin its characteristic reddish-gold color and makes it more durable. It is considered legal tender in South Africa, although the coin does not bear any currency denomination.
The 1 oz Gold Krugerrand 2018 Proof is a coin that captivates not only through its quality and design, but also through its rarity and potential for value appreciation. It is an excellent addition to any collection and a valuable investment for the future.
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