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Details:
(Applies to all coins)
TENTH KRUGERRANDS OF SOUTH AFRICA
Diameter. 16.5 mm.
Thickness. 1.3 mm
Gross Weight. 3.39 g.
Fine Weight. 0.10 oz
Description:
The Krugerrand was introduced in 1967 as a vehicle for private ownership of gold. It was minted in a copper-gold alloy more durable than pure gold. By 1980, the Krugerrand accounted for 90% of the global gold coin market.That year, South Africa introduced three smaller coins containing 1⁄2, 1⁄4, and 1⁄10 troy ounce (15.6, 7.8, and 3.1 g) of gold.
During the bull market in gold of the 1970s, the gold Krugerrand quickly became the primary choice for gold investors worldwide. Between 1974 and 1985, it is estimated that 22 million gold Krugerrand coins were imported into the United States alone. This huge success of the Krugerrand encouraged other gold-producing countries to mint and issue gold bullion coins of their own, including the Canadian Gold Maple Leaf in 1979, the Australian Nugget in 1987, the Chinese Gold Panda in 1982, the American Gold Eagle in 1986, and the British Britannia coin in 1987.
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