What is ‘Krugerrand Gold Coin’
A gold coin minted by the Republic of South Africa. Krugerrand gold coins contain exactly one troy ounce of gold. This coin was first minted in 1967 in order to stimulate the market for South African gold. It is considered legal tender within the country.
Explaining ‘Krugerrand Gold Coin’
The Krugerrand is one of the more frequently traded gold coins in the world market. It was the first gold-bullion coin that was tenderable at the market value of its face gold content. Because it was not supposed to be a replacement for the currency, it is considered to be a medal coin by definition.
Further Reading
- Asymmetric volatility in the gold market – jai.pm-research.com [PDF]
- South Africa and selective economic sanctions a Canadian perspective – www.africaportal.org [PDF]
- An evaluation of gold as an inflation hedge: Empirical evidence from South Africa – muse.jhu.edu [PDF]
- The Development and Promotion of Markets for Gold – www.sciencedirect.com [PDF]
- Getting Over by Reaching Out: Lessons from the Divestment and Krugerrand Campaigns – www.tandfonline.com [PDF]
- Re-introducing gold: An Islamic finance approach – platform.almanhal.com [PDF]
