2024 South African Krugerrand 1/4oz Gold Coin

The 2024 South African Krugerrand 1/4oz Gold Coin bears the portrait of Paul Kruger, president of the old South African Republic, on the obverse of the coin.The reverse of the South African Krugerrand 1/4oz Gold Coin features a Springbok Antelope, one of South Africa’s national symbols. Inscribed above is ‘KRUGERRAND’ with the 2024 year-date and coin’s gold weight appearing below.Weighs 8.47g and is struck in 916.7 (22ct) gold.Contains 0.25 troy ounces of fine gold.Manufactured by the South African Mint.Struck to a bullion finish.VAT free.Dimensions: 22.00mm. Thickness: 1.89mm.Supplied in a plastic coin flip.Orders in multiples of 50 coins will most likely be supplied in tubes.Other Information First minted in 1967 by the South African Mint, the name ‘Krugerrand’ comes from the name of the president at the time; Paul ‘Kruger’, and the unit of currency of South Africa the ‘Rand’. The Krugerrand is now one of the most recognised gold coins among collectors and investors alike.After its conception at the end of the ’60s, the Krugerrand was being minted at a rate of approximately 40,000 units per year, this continued to grow until 1978 when a record-breaking 6 million coins were produced.The Krugerrand was given the status of legal tender in South Africa, which is why it is minted in 22ct gold (91.67% purity) in order to make the coin more durable. The remaining metal in the coin is copper, making the Krugerrand slightly red in colour.