Krugerrand 1 oz Gold 2023 Proof

Krugerrand, the world's most famous and appreciated investment coin. This collector coin was minted in 1 troy ounce weight, from 916 proof gold with a small admixture of copper. The addition of copper affects the increased resistance of the valor to scratches, and also gives it a unique color. What's more, this unique piece comes with a certificate of authenticity.

Krugerrands are produced by South African mint Rand Refinery. They are a full-fledged means of payment, with a guarantee from the South African government as to the legality, purity of the bullion and the origin of the metal. It is interesting to note that although Krugerrands are a full-fledged means of payment, they have no monetary value. This means that the South African Reserve Bank is obliged to repurchase the coins at the prevailing gold price.

Obverse is decorated with a portrait of the president, Paul Kruger, and the inscription "SUID-AFRICA" and "SOUTH AFRICA.".

Reverse depicts the springbok antelope, a symbol of South Africa. On both sides of it are numbers representing the year of minting, underneath it is written "Fyngoud 1oz fine gold", indicating the pure gold content.