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1982 1 oz South African Krugerrand Gold Coin PCGS PF 67 DCAM
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1982 1 oz South African Krugerrand Gold Coin PCGS PF 67 DCAM
This one-ounce South African gold coin is one of the most popular on the market. It is graded by PCGS as Proof 67 Deep Cameo- a coin that has a sharp strike with full original luster and may have three or four very small contact marks. Dating back to 1967, this coin was the world’s first modern bullion gold coin. The concept of the Krugerrand was first introduced by the South African Chamber of Mines in the 1960s to promote physical gold as an investment opportunity for the "man on the street". The Krugerrand was released in 1967 as a legal tender coin and contained exactly 1 troy ounce of fine gold. This gold coin was unique in that it had no denomination because its face value was connected to the daily gold price. The Krugerrand was mass-produced so that it could be sold at a relatively low premium over the current gold price. In 1980 the fractional Krugerrands (1/2 oz, 1/4 oz, and 1/10 oz) were released, making the Krugerrand affordable to more people.
The Krugerrand dominated the world's coin market over the next nine years but during the years when sanctions against the South African government were applied in the mid-1980's, other mints elsewhere took the opportunity to issue their own legal tender bullion gold coins. However, the Krugerrand had become one of the world's leading brand names and remains so today in the 21st century.
This elite 1 oz Gold Krugerrand is 22 Karat gold and weighs 33.93 g with a diameter of 32.69 mm. The obverse depicts a portrait of the President of the South African Republic (1883-1902) Paul Kruger, a prominent figure who led the Boer resistance against the British. The reverse was designed by Coert Steynberg and depicts a springbok antelope, a national symbol of South Africa. The name "South Africa" and the gold content are also inscribed on the Krugerrand in both English and Afrikaans.
Like all of our other gold coins, this one is guaranteed to be 100% authentic. Item will be wrapped and packaged safely for delivery.
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