The 1/10 Krugerrand coin is a highly coveted coin when it comes to investing in gold bullion or when it comes to simply investing in coins for a coin collection. When the Krugerrand coin first came out, people in America were not allowed to possess gold bullion. In contrast, coin collectors could legally own foreign coinage, so the gold content in Krugerrand coins made them an ultra attractive investment in the late 1960s. Of course, the ability to import the Krugerrand was later banned in the United States as well as other countries in the world. Meanwhile, countries began making different gold coin offerings so that collectors and investors could still satisfy their desires to collect and invest.
At first, South African Krugerrands were only offered in a single weight: one ounce coins. After the ban on Krugerrands was finally lifted in the 1990s, coin collectors and gold investors could invest in a variety of different weighted coins. Coins were offered in one ounce, half ounce, quarter ounce, and one-tenth ounce weights.
It was not until some twenty years later, after the initial introduction of the Krugerrand, in the 1980s, that the Krugerrand became available in the 1/10 Krugerrand coin version . These coins, as well as other Krugerrand weights, still remain remarkably popular among gold coin investors and collectors around the world. The Krugerrand coin has an astonishing and striking appearance and it stands out from other coins with ease; the Krugerrand is designed with a copperish tone which gives it a distinct and well-defined luster. The copperish tone comes from the copper alloy that is mixed with the 22 karat gold used to craft the coins.
The 1/10 Krugerrand coin is the smallest of the Krugerrand coin offerings with a diameter equaling 16.55 millimeters and a thickness equivalent to 1.35 meters. It nevertheless has a 91.67 gold purity and it contains 3.110 grams of gold. Along the outer edge of the one-tenth ounce Krugerrand, there are exactly 115 lines in its reeded edge. The coin is minted by the Rand Refinery located in South Africa in Germinston. The obverse side of all Krugerrand coins has the profile of Paul Kruger, and the reverse side of the coinage bears an image of a springbok. The artwork on the coins was originally crafted by the famed African sculptor, Coert Steynberg.
Tags: 1/10 Krugerrand Coin
Posted in Krugerrand Gold Coin Articles | No Comments »