Gold Krugerrand Pendant
This 1990 22kt gold Krugerrand Coin is set in a 18kt pendant setting. The total weight of this pendant is 3.96 grams including the coin.
This tenth ounce Krugerrand Bullion coin weighs 3.41 grams, is 16.5mm in diameter with a thickness of 1.35mm. The purity of the coin is 22 karat or 91.7% pure
Krugerrand Coin History
The Krugerrand was introduced in 1967 as a vehicle for private ownership of gold. It was minted in a copper-gold alloy more durable than pure gold. Economic sanctions against South Africa for its policy of apartheid made the Krugerrand an illegal import in many Western countries during the 1970s and 1980s. It was in 1980 that the tenth ounce Krugerrand was first minted. During the 1970s the Krugerrand made up approximately 90% of the world's Bullion coin market.
The Krugerrand Coin
The name “Krugerrand” combines the unit of currency of South Africa, the Rand, with the last name of Paul Kruger, an important political and military personality in the former South African Republic; his face appears on one side of the coin.
On the reverse side is a springbok – a mid-sized antelope which is native to some regions of Africa. It is to South Africa, what the Eagle or Bison is to the United States or the Lion is to Great Britain.