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South African Krugerrand offers heavyweight Gold Coins for the Jubilee Year
May 11,2017 16:22CST
industry news
On the occasion of its 50th anniversary, the South African Krugerrand, has been manufactured for the first time in extraordinary weight units and in various precious metals. 

UNITED STATES May 11 2017 11:18 AM

JOHANNESBURG (Scrap Register): On the occasion of its 50th anniversary, the South African Krugerrand, has been manufactured for the first time in extraordinary weight units and in various precious metals. 

An impressive Krugerrand coin in 50-ounce weighing approximately 1.6 kilograms, is the flagship of the anniversary range of Krugerrands. This special coin is strictly limited to only 50 individual units, and will also be available as part of five highly exclusive anniversary sets. The pure material value of these special items amounts to EUR 57.987 Euro (as at 10 May 2017: day's gold price at 36.241,93 EUR/ kg).

Also available for the first time in the gold Krugerrand range, is a special 5-ounce gold coin, limited to 500 pieces with a material value of about EUR 5.000,-; a 1/20 ounce coin limited to 12,000 units and a 1/50 gold coin limited to 50,000 units. These new gold coins are in addition to the standard 1 ounce, ½ ounce, ¼ ounce gold Krugerrands.

For the first time since 1967, the Krugerrand is now also available in metals other than gold: fine silver and fine platinum (also in limited quantities). These new coins are issued only in 1 ounce of either metal and are regarded as popular for collectors due to their limited quantities.

All Krugerrand coins in the jubilee year bear the characteristic design of the South African springbok on the front side, and the portrait of Paul Kruger as well as the country of origin in Afrikaans and English on the back. The collectible Krugerrand coins all bear a special anniversary privy mark “1967-2017 50 Year Anniversary”, adding to their collect ability.

The Krugerrand is jointly produced by Rand Refinery and the South African Mint. Rand Refinery is solely responsible for the distribution of the bullion (investment) Krugerrand, while the South African Mint controls the distribution of the collectible Krugerrand range, including the new 50th anniversary collectible coins.

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