1 oz, South Africa, 2023, Gold - Krugerrand
South Africa, 2023, 1oz Krugerrand Gold, Republic of South Africa(RSA) - coins have no face value, they are considered legal tender in South Africa; their legal tender denomination - also known as face value - is not fixed and varies depending on the current fixed price of gold on the day of sale.
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Named after First President Paul Kruger, a four-term president of the old South African Republic. The first 1 oz(31.931g) Krugerrand was first minted in 1967 and made it easier to privately own gold. It was minted in a copper-gold alloy that made it much more durable than pure gold.
In 1980, South Africa also introduced smaller bullion coins containing 1⁄2 oz(16.966g), 1⁄4 oz(8.483g), and 1⁄10 troy ounce(3.393g) of gold. The range was gradually expanded and includes also a massive fifty-ounce (50 oz) gold coin, five ounces (5 oz) gold, two ounces (2 oz) gold, twentieth-ounce (1/20th oz) gold, and fiftieth-ounce (1/50th oz) gold, a platinum ounce(1 oz), plus two ounces(2 oz) silver and one-ounce(1 oz) silver.
Coin Specifications:
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Country |
South Africa |
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Year |
2023 |
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Value |
1 oz, One ounce |
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Metal |
Gold 91.67% Au, 8.33% Cu(22 karat) |
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Weight |
33.93gm (1 Troy) |
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Diameter |
32.77mm |
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Thickness |
2.84mm |
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Obverse Design |
Otto Schultz |
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Reverse Design |
Coert Steynberg (CLS) |
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Shape |
Round |
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Last issue of series |
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Obverse |
Features the Portrait of Paul Kruger(facing left). Born Stephanus Johannes Paulus Kruger(President of the old Republic of South Africa 1883-1900), he was better known to a generation of Dutch-descended South African farmers as Oom Paul, or Uncle Paul, for his support of the Boer cause in South Africa during the Boer Wars against Great Britain. Lettering: SUID-AFRIKA * SOUTH AFRICA |
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Reverse |
Features the national symbol of South Africa the Springbok antelope. Lettering: 1 KRUGERRAND 20 23 FYNGOUD 1 OZ FINE GOLD CLS (initials, just below the right field above the word, GOLD and below the ground under the Springbok) |
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Edge |
Reeded (no edge inscription) |
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Mintage |
Proof Mintage |
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2023 |
1,000 |
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| Denomination | Diameter* (mm) |
Thickness* (mm) |
Weight (g) |
Fineness | Gold content | Edge reeded |
|
|---|---|---|---|---|---|---|---|
| (g) | (oz t) | ||||||
| 1 oz |
32.62mm - 32.69mm |
2.870mm - 2.972mm (<1976) 2.740mm - 2.972mm(1976-February 1979) 2.740mm - 2.972mm(>1979) |
33.930g | 22 karat 91.67% | 31.10g | 1.000 | 160** |
| 1/2 oz | 26.93mm - 27.07mm |
2.115mm -2.215mm |
16.965g | 22 karat 91.67% | 15.55g | 0.500 | 185 |
| 1/4 oz | 21.94mm - 22.06mm | 1.888mm - 1.788mm | 8.482g | 22 karat 91.67% | 7.775g | 0.250 | 150 |
| 1/10 oz | 16.45mm - 16.55mm | 1.25mm - 1.35mm | 3.393g | 22 karat 91.67% | 3.111g | 0.100 | 115 |
| * Maximum dimensions | |||||||
- Material
- Gold
- Denomination
- 1 oz
- Shape
- Round
- Time
- 2000s
- Object
- Animal - Springbok
Person (king, queen, tsar, president) - Rulers
- Paul Kruger