The Krugerrand, introduced in 1967, was the first modern gold bullion coin intended for private investment. Struck in 22-karat gold (.9167 purity), it features Paul Kruger on the obverse and a springbok antelope on the reverse. Unlike most bullion coins, it has no face value and is valued purely by its gold content. Its reddish tone comes from a small amount of copper added for durability.
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