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| (Home Page) | (How to Buy Gold) | (Gold Coin Images) | (Daily Market Report) | (Live Gold Price) |
| (First-time Buyers) | (News & Views) | (ABCs of Gold Book) | (Gold IRA) | (Buy Gold Coins Online) |
| (Live Gold Coin Prices) |
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(About Us) | ||
| Introduced in
1970, the South African Krugerrand, often misspelled as
krugerand or kruggerand, was the first legal tender gold bullion
coin to gain worldwide use in the modern era. To this day, many
gold owners equate gold ownership with Krugerrand ownership.
The Krugerrand received its first competition from the Canadian
Maple Leaf, introduced in 1979. Eventually the Maple Leaf supplanted
the Krugerrand as the world's top seller, gaining a significant
market share as a one-ounce pure gold coin (.9999 fineness).
In 1984 the U.S. Congress banned the import of the Krugerrand
as part of the economic sanctions imposed on South Africa. The
premium dropped to slightly-above the spot gold price and has
never completely recovered. -- From The
ABCs of Gold Investing Featured on the coin's obverse (and lending his name to the coin) is Paul Kruger, locally known fondly as "Uncle Paul" and elected four-time President of the Transvaal. The reverse features the springbok, a natural inhabitant of the dry savannahs, able to run at speeds up to 80 km/hr and jump over 10 meters. The springbok is the icon of the national rugby team. |
 Centennial Precious Metals Gold coins & bullion since 1973 Denver, Colorado 80246-0009 We educate first-time investors! |
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