Krugerrand
A Krugerrand is a South African gold coin.
Krugerrands were first minted in 1967 to help market South African gold. They were sold at a very low premium (5%) over the base gold value. The coins have legal tender status in South Africa but are not actually intended to be used as currency.
Originally only one size of coin was made, which contained one troy ounce (31.1035 grams) of gold. From 1980, three other sizes were introduced, a half, quarter, and tenth ounce size. 54.5 million coins of all four types have been sold.
The Krugerrand gets its name from the fact that the "heads" side of the coin shows the face of Paul Kruger, president of the old South African Republic.
http://www.onlygold.com/ - for current price
Size Face Value (Rand) Weight (g) Fineness /1[?].000 Gold Content (g)
Gold Content (Troy) Full 10 33.9305 .917 31.104 1.0000 Half 5 16.9653 .917 15.552 0.5000 Quarter 2.5 8.4826 .917 7.776 0.2500 Tenth 1 3.3931 .917 3.110 0.1000
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