Krugerrand 1/10 oz Gold Coin History
The 1/10 oz Gold Krugerrand will arrive in Uncirculated Condition. Each 1/10 oz Krugerrand are composed of 22k (91.67%) and have an Actual Gold Weight of .1 Troy Ounce Pure Gold. Dates will be of Our Choice. The South African Krugerrand is the most widely owned gold bullion coin in the world, representing 46 million ounces since its introduction in 1967. The purpose of the original issue was to encourage individual ownership of gold, and it must be said that this objective has clearly been met by the Krugerrand. The coins were intended to be used as currency in South Africa, and as such are made of a durable 22k (.9167) alloy of gold and copper. This alloy, known to historians as crown gold due to its use in English gold sovereigns, gives the coins their distinctive rich color and grants them a durability that bullion coins of higher purity often lack.
The Krugerrand uniquely has no stated face value: instead, its legal tender value is the bullion value of its gold at the current market price. South African Krugerrands are available in the following denominations: one troy ounce of pure gold, measuring 32.77mm in diameter; one half-ounce, measuring 27.07mm in diameter; one quarter-ounce, measuring 22.06mm in diameter; and, finally, one tenth-ounce, measuring 16.55mm in diameter. The Krugerrand takes its name from the man whose portrait occupies the obverse of the coin: Paul Kruger, the last president of the former South African Republic. The reverse depicts a springbok antelope, one of South Africa’s national symbols.
The South Africa Krugerrand 1/10 oz gold coin features Paul Kruger and the Springbok antelope. The South Africa Krugerrand 1/10 oz gold coin quickly became popular because of its 1/10 oz size made it easy to measure its value.
In 1967 the South African Gold Krugerrand 1 oz was an overnight success because it moved directly with the price of gold and its 1 oz size made for easy valuation. In 1980 smaller sizes were added the ½ oz gold Krugerrand coin, the ¼ Krugerrand gold coin, and the 1/10 oz Krugerrand gold coin. These coins are so popular that by 1980 the Krugerrand accounted for 90% of the global gold coin market.
Obverse: Showcases an left facing effigy of Paul Kruger who is South Africa’s first and only president as well as “South Africa” in Afrikaans and English.
Reverse: Features the national animal of South Africa, the Springbok antelope prancing through a field along with its purity and year struck.
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