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Seller: luispapi1983 (5,287) 99.7%, Location: Absecon, New Jersey, Ships to: Worldwide, Item: 283430432944 2018 1 Oz Silver South Africa SPRINGBOK KRUGERRAND Coin WITH 24K GOLD GILDED. DESCRIPTION The Krugerrand (/ˈkruːɡərænd, -rɑːnd/; Afrikaans: [ˈkryχərˌrant]) is a South African coin, first minted on 3rd July, 1967 to help market South African gold and produced by the South African Mint. By 1980, the Krugerrand accounted for 90% of the global gold coin market. The name is a compound of Paul Kruger, the former South African president depicted on the obverse, and rand, the South African unit of currency. During the 1970s and 1980s, some western countries forbade import of the Krugerrand because of its association with the apartheid government of South Africa, most notably the United States, which was the coin's largest market in 1985. Production levels of Krugerrands have significantly varied during the last 50 years. From 1967 to 1969, around 40,000 coins were minted each year. In 1970, the number rose to over 200,000 coins. More than one million coins were produced in 1974, and in 1978 a total of six million were produced. The production dropped to 23,277 coins in 1998 but have increased again, although not reaching previous levels. The Krugerrand was introduced in 1967 as a vehicle for private ownership of gold. It was minted in a copper-gold alloy more durable than pure gold. Economic sanctions against South Africa for its policy of apartheid made the Krugerrand an illegal import in many Western countries during the 1970s and 1980s. Hence the largest markets were the Middle East, Iran, Turkey, Thailand, Hong Kong, Taiwan and Latin America. These sanctions ended when South Africa abandoned apartheid in 1991. By 1980 the Krugerrand accounted for 90% of the global gold coin market. That year South Africa introduced three smaller coins with a half troy ounce, quarter ounce, and tenth ounce of gold. Over 50 million ounces of gold Krugerrand coins have been sold since production started in 1967. SPECIFICATION Country: South Africa Year: 2018 Metal: Silver Face Value: 1 Rand Purity: .999 Weight: 1 Oz - 31.1g Diameter: 39 mm Finish: 24K GOLD GILDED AND SILVER. Certificate COA: Yes Box: Yes. On Jan-28-19 at 18:13:41 PST, seller added the following information: Track Page Views WithAuctiva's FREE Counter Condition: SUPER BEAUTIFUL KRUGERRAND WITH GOLD PLATED COIN.., Year: 2019, Total Precious Metal Content: 31.1g, Modified Item: No, Grade: Ungraded, Certification Number: Randomly, Precious Metal Content per Unit: 1 oz, Country/Region of Manufacture: South Africa, Coin: KRUGERRAND, Certification: Uncertified

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