In 1967 the South African Mint Company started producing the Krugerrand gold coin and in 1980 came out with the 1/10 ounce Krugerrand gold coin. This coin was intended for private gold ownership instead of circulation therefore it has no fixed face value. Instead, the value of this gold coin is that of the weight of gold that it is minted from and often slightly higher. This is especially true of the proof Krugarrands that were intended as collectors’ items and minted with a higher gold content than the bullion Krugerrand coins.
1/10 oz Krugerrand gold coin specifications:
Weight: 3.3931 gram
Fineness:0.917
Gold Content: 3.110 gram (0.10 troy oz)
Diameter: 16.45 mm to 16.55 mm
Thickness: 1.25 mm to 1.35 mm
This unique coin’s name is derived from the bust of Paul Kruger, a statesman, on the face side. The other side depicts a South African symbol of a springbok designed by Coert Steynberg also used on the South African Five Shilling coin. The gold content and the name “South Africa” are inscribed in both English and Afrikaans. The 1/10 ounce Krugerrand gold coin is actually one out of four different sizes that were minted. The original size was one ounce and in 1980 the half ounce, quarter ounce and tenth ounce were also minted.
Because Gold coins are easy to store and sell they are still to this very day a great way to invest and trade. Krugerrand coins make up a large percentage of the gold market and retain their value. The 1/10 ounce Krugerrand gold coin is among the best gold coins to collect. It is an investment that will be sure to retain its gold value.
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