Krugerrand Gold Coin

A gold coin minted by the Republic of South Africa. Krugerrand gold coins contain exactly one troy ounce of gold. This coin was first minted in 1967 in order to stimulate the market for South African gold. It is considered legal tender within the country.

The Krugerrand is one of the more frequently traded gold coins in the world market. It was the first gold-bullion coin that was tenderable at the market value of its face gold content. Because it was not supposed to be a replacement for the currency, it is considered to be a medal coin by definition.

Investment dictionary. . 2012.

Look at other dictionaries:

  • Gold coin — [ thumb|right|A Krugerrand gold coin from South Africa] A gold coin is a flat, disc shaped piece of gold that has been minted and issued by a government or private organization. The first gold coins in history were coined by Egyptian Pharaohs… …   Wikipedia

  • krugerrand — kru‧ger‧rand [ˈkruːgərænd] also Krugerrand noun [countable] FINANCE a South African coin containing one ounce (= 28.35 grams) of gold, often bought as an investment * * * krugerrand UK US (also Krugerrand) /ˈkruːɡəˌrænd/ n …   Financial and business terms

  • Krugerrand — also Kruger rand, 1967, South African gold coin (issued for investment purposes) bearing a portrait of Transvaal President Stephanus Johannes Paulus Kruger (1825 1904); second element is rand, unit of decimal currency introduced in Republic of… …   Etymology dictionary

  • krugerrand — (also Kruger) ► NOUN ▪ a South African gold coin with a portrait of President Kruger on the obverse. ORIGIN named after Paul Kruger, President of Transvaal 1883 99 …   English terms dictionary

  • Krugerrand — [kro͞o′gə rand΄] n. [after KRUGER Paul + RAND2] a gold coin of South Africa, often bought for investment …   English World dictionary

  • Krugerrand — [ thumb|300px|right|The face of Paul Kruger, shown on the obverse side of the coin.] A Krugerrand is a South African gold coin, first minted in 1967 in order to help market South African gold. The coins have legal tender status in South Africa… …   Wikipedia

  • Gold — This article is about the metal. For the color, see Gold (color). For other uses, see Gold (disambiguation). platinum ← gold → mercury …   Wikipedia

  • Krugerrand — UK [ˈkruːɡəˌrænd] / US [ˈkruɡəˌrænd] noun [countable] Word forms Krugerrand : singular Krugerrand plural Krugerrands a South African gold coin, often bought as a way of investing money …   English dictionary

  • Krugerrand — noun A gold coin minted in South Africa, containing a full troy ounce of gold …   Wiktionary

  • Krugerrand — noun Etymology: S. J. P. Kruger + rand Date: 1967 a one ounce gold coin of the Republic of South Africa …   New Collegiate Dictionary

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