The coin known as the Krugerrand, first struck in 1967, has become an emblem not only of beauty but also of the value contained within the coins in the field of numismatics. Minted in South Africa, the Krugerrand was created to promote the country’s precious metals industry and has evolved into a global symbol of wealth and prestige.
Its design unites the visual arts with the arts of coin making in producing something that is far more than a merely “monetary” object and makes it a highly criterion-referenced choice for collectors and investors. Read on to learn more about the Krugerrand coin.
Admiring the Design
The design of the Krugerrand is one of its most impressive aspects. The obverse side of the coin shows a portrait of Paul Kruger, a former president of the South African Republic. It was Otto Schultz, a German-born artist who lived in South Africa that created this well-known image.
It is hard to argue that this neck beard-wearing figure does not represent some sort of heritage for South Africa, as well as a historical moment that few South Africans would like to relive. The reverse side shows the springbok antelope, a national symbol of South Africa. In short, the Krugerrand combines both cultures in one coin.
Beautiful and Durable
Revolutionary in its introduction of the one-ounce coin to the market, the Krugerrand established a new standard for bullion coins. Each coin contains an exact measure of one pure troy ounce of silver (or gold).
A Krugerrand coin is made with a unique composition that calls for the inclusion of substantial copper, which adds to the thickness and weight, and enhances their durability, making them tough enough to withstand the inevitable wear and tear associated with even the most careful handling.
An Attractive Investment
The Krugerrand coin’s appearance makes it an aesthetically pleasing investment. But it is not only that which makes it a reliable investment vehicle, its value is also determined by the current market price of silver, which has historically shown a tendency to appreciate over time.
That makes the Krugerrand an attractive investment for those looking to protect themselves against inflation and hedge against economic uncertainty. Unlike the dollar or any other currency that can be devalued at the drop of a monetary policy hat, precious metals have maintained their value as tangible assets.
It Has International Recognition
The Krugerrand’s international acknowledgment also serves to strengthen its worth. The Krugerrand’s standing as a forerunner in the bullion market has solidified its presence in the affections of investors and collectors everywhere. Its ease of buying and selling is another point in its favor. Entering or exiting the bullion market is very simple and practical when using a coin as sound as the Krugerrand.
Adding the Krugerrand Coin to Your Collection
The Krugerrand is a perfect mixture of beauty and worth. Its appearance is stunning; its design is top-notch. It has historical significance, having been introduced more than 50 years ago. Whether one imagines having it as part of a collection or having it as part of one’s investment portfolio, the Krugerrand is something quite special, indeed.