The South African Krugerrand

Krugerrands were first struck in July 1967, since then more than 50 million Krugerrands have been minted, making them internationally recognizable and one of the most successful bullion coins available today. The coins, are minted in 22 carat gold, depict Paul Kruger, the President of the original South African Republic from 1883 to 1902 on the obverse. Originally only one size was issued, which contained one full troy ounce (31.1035 grams) of fine gold. In 1980, three more denominations were introduced, namely a half, quarter, and tenth ounce size. As the gold price is quoted internationally in terms of troy ounces, the value of Krugerrands (which contain exactly 1 oz, 1/2 oz, 1/4 oz or 1/10 oz of pure gold) can easily be determined at any time.
Krugerrands are sturdy and durable. They are 22 carat - a traditional cartage of gold bullion coins designed to be handled as currency. Krugerrands are hard enough to resist normal scratching and denting - an important, practical feature, as soft 24 carat coins and bars are more easily damaged and generally require protective packaging. Krugerrands are easy to transport and store.