1979 1 oz South African Gold Krugerrand Coin

$2,699.00

1979 1 oz South African Gold Krugerrand Coin

Year1979
Mint MarkNot Shown
Purity.9167
ManufacturerSouth African Mint
Thickness2.84 mm
Diameter32.8 mm
ConditionCirculated
Issuing CountrySouth Africa
Obverse DesignerOtto Schultz
Reverse DesignerCoert L. Steynberg
Edge DesignReeded
SeriesSouth African Krugerrand
CoANo
Packaging TypePlastic Flip
Package Dimensions1.5 x 1.5 x 0.1
Metal Weight1 Troy Ounce
ShippingFree Shipping on Orders Over $199

Description

1979 1 oz South African Gold Krugerrand Coin

In 1967, the South African Gold Krugerrand Coin was once the dominant gold bullion coin in the world. In fact, the Gold Krugerrand was so popular at one point that it commanded 90% of the gold bullion market. The height of the program’s dominance came between the late 1970s and early 1980s. Right now, 1979 1 oz South African Gold Krugerrand Coins are available to purchase online.

Coin Highlights:

  • Arrives in a protective plastic flip!
  • 13th year of availability in the 1 oz South African Gold Krugerrand Series!
  • Announced mintage of 4,941,000 coins!
  • Contains 1 Troy oz of actual gold content.
  • Paul Kruger on the obverse.
  • Springbok antelope on the reverse.

Each of the 1979 1 oz South African Gold Krugerrand Coins in this product listing come with protective plastic flips. The 1979 release had a mintage that, at the time, was the second highest in the history of the series. At this point, only the 1978 coin had achieved a higher mintage than the 1979 release.

South African Gold Krugerrands were introduced in 1967 and named, in part, for the first man to the lead the South African Republic in the 19th century. Paul Kruger’s last name was combined with the name of the fiat currency of the modern nation, the Rand, to form the name for this gold bullion coin series: Krugerrand.

In the obverse design of 1979 South African Gold Krugerrand Coins, you will find a portrait of Paul Kruger. First developed in the 1890s for the coins of the South African Pound, this left-profile portrait was revived and modernized in 1967 for the Krugerrand’s debut.

For the reverse design of 1979 1 oz Gold Krugerrand Coins, the mint features an image of the Springbok antelope. Native to the southern reaches of the African continent, the Springbok is the official emblem of the modern Republic of South Africa.

Introduction to the 1979 Krugerrand

The 1979 1 oz South African Gold Krugerrand Coin is a significant piece of history in the realm of gold investment. As one of the first gold bullion coins ever produced, the Krugerrand has paved the way for various collectors and investors, making it a staple in the gold market.

Design and Features

This particular coin features Paul Kruger on the obverse, symbolizing African heritage, while the reverse showcases the iconic springbok antelope, a symbol of South Africa. Minted with a composition of 91.67% gold, this coin weighs an entire ounce, ensuring its status as a sought-after collectible.

Investment Potential

The 1979 Krugerrand holds intrinsic value due to its gold content, making it an attractive option for both novice and expert investors. As a timeless piece, it continues to appreciate in value, providing a reliable hedge against inflation.

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