Krugrands is named after Paul Kruger, a former four-term president of the Republic of South Africa and a conservationist. On one side of the coin is a portrait of Paul Kruger and in contrast the Spring Book, one of the national symbols of South Africa. The first coin was struck on July 3, 1967 in South Africa. Since then, they have been legal tender around the world.
Krogrand was developed by South Africa’s gold mining industry by the Chamber of Mines of South Africa and was adopted by the Reserve Bank of South Africa. Despite its legal tenders, economic sanctions against South Africa during the 1970s and 1980s made them illegal in some Western countries. These restrictions ended in 1994.
The Crogrands are made of 22 carat gold and have been available in three sizes since September 1980. It is one of the most widely traded bullion coins in the world. The main reason is that CroGrand is the easiest way for investors around the world to own gold.
Crogrands has been sold all over the world. This means that there are more of these items in the international market than other gold coins.
The value of the crogrand on both sides of the coin is not recorded. The actual value of the coin is in the gold from which it is made. The only refinery in the world that is authorized to manufacture and supply gold coin boxes for crogonds is the Rand Refinery. It is authorized by the South African Treasury through the Reserve Bank of South Africa. The Rand Refinery is the only one that can act as an agent for and on behalf of the South African gold mining industry.
If you are considering buying Crogrands, keep in mind that they can only be found in gold. There is no such thing as Silver Crogrand.
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