1983 1 oz South African Gold Krugerrand Coin

Description

1983 1 oz South African Gold Krugerrand Coin

In 1967, the South African Mint introduced the Gold Krugerrand. This gold bullion coin program was devised as a tool to market South African gold to the world and would capitalize on pent-up demand around the gold for privately–held gold products. Right now, 1983 1 oz South African Gold Krugerrand Coins are available to purchase online.

Coin Highlights:

• Arrives in protective plastic flips!
• 17th year of issue in the 1 oz South African Gold Krugerrand Series!
• Total mintage of 3,386,000 coins!
• Contains 1 Troy oz of actual gold content.
• Paul Kruger is on the obverse.
• Springbok antelope on the reverse.

Each 1983 1 oz South African Gold Krugerrand Coin is available to you online in protective plastic flips. These coins come from the 17th issue of the South African Gold Krugerrand and have a mintage of 3.386 million coins.

This release came in the early 1980s as Western economies began to levy sanctions against the government of South Africa as punishment for its apartheid system. The Gold Krugerrand, which in 1980 represented 90% of the gold bullion market, would suffer from these sanctions by the end of the decade, but 1983 still enjoyed strong demand.

In the obverse design of 1983 South African Gold Krugerrand Coins, you will find a depiction of Paul Kruger. Once a ruling member of the triumvirate that governed South Africa before its initial independence in the 19th century, Kruger would serve as the first President of the South African Republic. He would go on to serve four terms in a row before living out his life in exile in the early 20th century.

For the reverse design of the 1983 1 oz Gold Krugerrand, the South African Mint and Rand Refinery offer a glimpse of the national emblem. Here, the Springbok antelope is shown as it pronks across the plains of southern Africa.

Overview of the 1983 Krugerrand

The 1983 1 oz South African Gold Krugerrand coin is a remarkable piece of numismatic history. Known for its striking gold content and iconic design, this coin has captivated collectors and investors alike. The bold depiction of Paul Kruger on one side complements the coin’s rich historical significance.

Features and Specifications

Weighing in at one troy ounce, the 1983 Krugerrand is composed of 22-karat gold, ensuring both durability and visual allure. Its diameter of 32.77 mm makes it a substantial addition to any collection.

Investment Potential

As a popular choice among gold investors, the 1983 South African Gold Krugerrand coin not only holds intrinsic value but also commemorates a pivotal moment in gold bullion history. Owning this coin is not just about possession; it represents a legacy of wealth preservation.

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