1 oz Krugerrand, South Africa, 1998, Gold
South Africa, 1998, 1oz Krugerrand Gold, Republic of South Africa(RSA) - coins have no face value, they are considered legal tender in South Africa; their legal tender denomination - also known as face value - is not fixed and varies depending on the current fixed price of gold on the day of sale.
Named after First President Paul Kruger, a four-term president of the old South African Republic. The first 1 oz(31.931g) Krugerrand was first minted in 1967 and made it easier to privately own gold. It was minted in a copper-gold alloy that made it much more durable than pure gold.
In 1980, South Africa also introduced smaller bullion coins containing 1⁄2 oz(16.966g), 1⁄4 oz(8.483g), and 1⁄10 troy ounce(3.393g) of gold. The range was gradually expanded and includes also a massive fifty ounces (50 oz) gold coin, five ounces (5 oz) gold, two ounces (2 oz) gold, twentieth-ounce (1⁄20 oz) gold and fiftieth ounce (1⁄50 oz) gold, a platinum ounce(1 oz), plus two ounces(2 oz) silver and one-ounce(1 oz) silver.
91.67% Au, 8.33% Cu(22 karat)
33.93gm (1 Troy)
Coert Steynberg (CLS)
Last issue of series
Features the Portrait of Paul Kruger(facing left). Born Stephanus Johannes Paulus Kruger(President of the old Republic of South Africa 1883-1900), he was better known to a generation of Dutch-descended South African farmers as Oom Paul, or Uncle Paul, for his support of the Boer cause in South Africa during the Boer Wars against Great Britain.
SUID-AFRIKA * SOUTH AFRICA
Springbok Antelope - one of the national symbols of South Africa
The antelope has featured on the reverse along with Krugers effigy on the obverse since 1967 when the first Gold Krugerrands were issued. The Springbok antelope design comes from Coert Steynberg.
KRUGERRAND (Top Centre)
The year of issue is shown broken in half and displayed on both sides of the Springbok Antelope.
FYNGOUD 1 OZ FINE GOLD
CLS (initials, just below the right field above the word, GOLD and below the ground under the Springbok)
Reeded (no edge inscription)
32.62mm - 32.77mm
2.870mm - 2.972mm (<1976)
2.740mm - 2.972mm(1976-February 1979)
2.740mm - 2.972mm(>1979)
|33.930g||22 karat 91.67%||31.10g||1.000||160**|
|1/2 oz||26.93mm - 27.07mm|
|16.965g||22 karat 91.67%||15.55g||0.500||185|
|1/4 oz||21.94mm - 22.06mm||1.888mm - 1.788mm||8.482g||22 karat 91.67%||7.775g||0.250||150|
|1/10 oz||16.45mm - 16.55mm||1.25mm - 1.35mm||3.393g||22 karat 91.67%||3.111g||0.100||115|
|* Maximum dimensions|
- 1 oz
- Animal - Springbok
Person (king, queen, tsar, president)
- Paul Kruger