SOUTH AFRICAN KRUGER RANDS

South African Krugerrands are legal tender coins with no fixed value. It was first minted in 1967 and it was the first coin to contain one full ounce of fine gold. During 1967-1969 superior quality specimens exhibiting proof-like surfaces were struck. In addition the following varieties are known:

1967 - Proof Krugerrands with no frosting on the design - head and springbuck
1968 - Proof Krugerrands with frosting only on the Springbuck.
1968 - Frosted Krugerrands - frosting on both the head and the springbuck.
1969 - Proof Krugerrands - from this date frosting on both the head and the springbuck.

Only 1044 of the matt bust type were minted in 1968 and only sixty each of the half, quarter and tenth of and ounce proof Krugerrands were struck in 1980.
The South African Krugerrand is minted in many content levels of bullion including one ounce, one half ounce, one quarter ounce and one tenth ounce.
From 1986 sets of Proof Krugerrands  consisting of  one ounce, half ounce, quarter ounce and one tenth ounce have been made available in stinkwood cases.
Since 1987 a full range of Krugerrands bearing the G.R.C. ( Gold Reef City ) mint mark has been struck in limited quantities.
On the obverse of the Krugerrand is the bust of President Paul Kruger. Otto Schultz designed it in 1892 for the Zuid-Afrikaanche Republiek. On the reverse is Coert Steynberg's springbuck design which is also a national symbol of South Africa.
 Today, it is the most widely known bullion coin and the most widely owned enjoying 90% of the market in 1980. People are willing to pay a premium for the privilege of owning gold they may legally hoard.  According to refinery records, 46 million ounces of these gold bullion coins have been sold through 2008. The South African Krugerrand continues to enjoy a popularity that is above and beyond other bullion coins produced in other countries. It is the most widely recognized, the most widely purchased and the most widely sought after.