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The Krugerrand is a South African gold coin, 1st minted in 1967 to help market place South African gold. The coin, developed by the South African Mint, proved common and by 1980 the Krugerrand accounted for 90% of the gold coin market place. The title by itself is a compound of Kruger (the man depicted on the obverse) and Rand, the South African unit of forex. During the 70s and 80s some countries forbade import of the Krugerrand due to the fact of a perceived association with the apartheid government of South Africa, which has because been abolished. The Krugerrand right now is a common coin amid collectors. Non-public mints have also attempted to capitalize off the recognition of the Krugerrand, minting gold and silver bullion rounds (the phrase coin denotes legal currency) in the type of the Krugerrand. The rounds often depict Paul Kruger and a springbok antelope, some even blatantly copying the identical layout as on the Krugerrands themselves, though the inscriptions are altered. These bullion rounds are not presented by the South African Mint or the Govt of South Africa, and are therefore not official, have no legal tender value and can not technically be deemed coins.gold krugerrand


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