Krugerrand, American Gold Eagle, Canadian Maple Leaf, and the Australian Gold Nugget: An Introduction

In the last post, I explained the difference between gold bullion coins and gold numismatic coins.   If you have decided to invest in gold bullion coins, it is important to understand some of the different types that are currently available worldwide, along with their face value, gold content, and approximate weight.  Here are four of the best-known gold bullion coins.

 

Krugerrand

Introduced in 1967, the Krugerrand is produced by the South African Mint Company.   On the obverse (front) side of the coin is the bust of Paul Kruger, who was the 5th President of the South African Republic (1883-1900).   On krugerrandthe reverse (back) side is a springbok, which is a South African gazelle.  It is the national animal of South Africa and is the name of South Africa’s national rugby team (the Springboks).  While it has no face value inscribed, it does have the amount of gold content.

The Krugerrand is the first gold coin to ever contain exactly one (1.000) troy ounce of fine gold.   It weighs 33.9303 g and is minted from gold alloy that is 91.67% pure (22 karat fineness), the remaining 8.33% of its weight being copper (aka crown gold).

In 1980, three smaller coins were introduced, each with a gold fineness of 91.67%:  1/2 ounce (wt: 16.9636 g; gold: 0.50 troy oz); 1/4 ounce (wt: 8.4818 g; gold: 0.250 troy oz); and 1/10 ounce (wt: 3.393 g; gold: 0.110 troy oz).

 

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