If you’ve purchased gold coins anytime in the last half century as a means of private investment, you’ve undoubtedly come across the South African Gold Krugerrand. Introduced in 1967 as the first modern gold bullion coin, the Krugerrand is a staple among those who continue to buy gold today. The 2018 1 oz South African Gold Krugerrand Coin is currently available to you with an NGC certification online from JM Bullion.
- Arrives sealed inside the protective plastic slab of the NGC!
- 51st year of availability for the Gold Krugerrand!
- Contains 1 Troy oz of actual gold content.
- Bears a Grade of Mint State 69 from the Numismatic Guaranty Corporation.
- Includes the ER label.
- Obverse side features a depiction of Paul Kruger.
- Reverse includes the image of the national symbol, the Springbok antelope.
In 1967, the South African government issued the Gold Krugerrand as a means of promoting the private ownership of gold coins for investment purposes and to promote the vast gold reserves of South Africa to the world. A decade later, economic sanctions and a boycott against South Africa’s apartheid system would lead to the downfall of the Krugerrand as the sole gold coin available.
It is estimated that by 1980 the Gold Krugerrand accounted for 90% of the global gold coin market. During the Bull Market of the 1970s, the Gold Krugerrand was the number-one choice for investors buying gold worldwide. Even with a boycott ongoing in the 1970s and 1980s, some 22 million Krugerrands were imported into the United States.
The obverse of 2018 1 oz South African Gold Krugerrand Coins features the left-profile portrait of Paul Kruger. An influential figure in 19th century South African politics and military affairs, Kruger served as President of the South African Republic. This image was updated for coining in 1984 by Otto Schultz.
On the reverse of the South African Gold Krugerrand Coin is a Springbok antelope. The official symbol of South Africa, the Springbok antelope is the only member of its genus and was first described by a German zoologist in 1780. This design was also modified in 1984 with Coert Steynberg completing the work for the South African Mint.
2018 1 oz South African Gold Krugerrand Coins available here are near-perfect specimens. The NGC issues Mint State 69 grades to coins with full, original mint luster and a maximum of two detracting flaws. These flaws are minor in nature and limited to minuscule contact marks or hairlines.
Early Release coins are those which arrive within a certain timeframe for certification. To earn the ER label, coins must arrive at the NGC within the first 30 days of their 2018 release date from the South African Mint.
We encourage JM Bullion customers to contact us with questions at 800-276-6508, You can also reach out to us online through our live chat and email address.