Gold coin Krugerrand coin from previous years

The coin is struck in 22-carat gold and weighs 16.97 grams, of which 15.55 grams is pure gold (half a troy ounce). In addition to gold, this coin also contains copper. This gives the coin its characteristic red glow that differentiates it from other coins. Furthermore, this alloy of gold and copper makes the coin more robust and less susceptible to scratches.
 
What further distinguishes the Krugerrand is that the coin has no nominal value. Traditionally, the coin was designed and produced to be traded purely as gold, not as a means of payment. In contrast, the South African Reserve Bank (SARB) guarantees to buy back the gold Krugerrand coin at any time at the current gold price.
 
These gold 1/2 troy ounce Krugerrand coins are from various previous years. These coins are cheaper than newly minted coins, while the weight and quality are the same. This is because the pricing of the newly minted coins also includes the production and transportation costs to the UK.

History of the gold Krugerrand

The South African Rand Mint (now South African Rand Refinery) was the first mint house to introduce the gold investment coin in 1967. The purpose of the coin was to be traded purely as gold and as a promotion for South African gold. The name Krugerrand is a combination of Paul Kruger (the 5th president of the South African Republic) and Rand (the official South African currency). 
 
Since then, this coin has become a staple in the range of investment coins. It is a seemingly simply designed coin with strong lines and a robust appearance. The design of the gold Krugerrand has remained virtually unchanged since the first design.