With more than 50 million ounces of gold Krugerrand coins sold since 1967, South Africas premier gold bullion coin is arguably the most well-known coin in the world today. Available in the modern era with four weight options, the 1/10 oz coin is the smallest in the series and the most affordable to investors of any level. The 2018 1/10 oz South African Gold Krugerrand Coin is now available to you for purchase online from JM Bullion.
- Arrives in an individual protective plastic flip or a mint tube containing 50 coins!
- 51st release for the South African Gold Krugerrand Coin!
- Contains 1/10 Troy oz of actual gold content in BU condition.
- South African President Paul Kruger is featured on the obverse.
- The national animal of South Africa, the Springbok antelope, is on the reverse.
Although the South African Gold Krugerrand is now the most visible gold coin in the precious metals market, it wasnt met with immediate success when introduced in 1967. The first three years of issue had limited mintages of just 40,000 coins. By 1970, mintage rose to 200,000 coins. Mintage rose exponentially during the great bull market for gold in the 1970s, demand pushed mintage to 1 million coins in 1974 and six million coins by 1978.
As the Gold Krugerrand continued to rise in prominence, even in the face of an economic boycott resulting from apartheid, the South African Mint introduced fractional-weight coins. Along with the oz and oz coins, the 1/10 oz South African Gold Krugerrand was introduced in 1980.
The obverse of the 2018 South African Gold Krugerrand Coins includes the left-profile portrait of Paul Kruger. Born Stephanus Johannes Paulus Kruger, he was a dominant political and military figure in the 19th century and served as President of the South African Republic from 1883 to 1900. In his time, Kruger was known among South Africans as Oom Paul in Afrikaan, which means Uncle Paul.
On the reverse of the 2018 1/10 oz South African Gold Krugerrand Coin is the national animal of South Africa. The Springbok antelope is native to the southern and southwestern tips of the African continent, land which today is largely a part of the modern nation of South Africa. Both designs on the modern Krugerrand were updated in 1984. Coert Steynberg modernized this reverse design, while Otto Schultz refined the obverse design.
2018 South African Krugerrands are in BU condition. Coins in BU condition have no signs of wear and tear, though you may notice minor flaws ranging from breaks in the luster and spotted surfaces to contact marks.
The South African Mint was opened for coining on July 6, 1892 in Pretoria. Today it operates a modern minting facility in Centurion, Gauteng province.
We encourage JM Bullion customers to reach out to us with questions at 800-276-6508. You can also connect with us online by using our live chat service or sending us an email with your inquiries.