1 oz 1980 South Africa Krugerrand .9167 Gold Coin

$6,900.00

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Investors seeking a reliable gold bullion coin with a low premium may want to consider the South African Krugerrand. First introduced in 1967, the Krugerrand quickly became the most popular 1 oz gold coin on the market. While it would later face competition from coins like the Canadian Maple Leaf and Chinese Panda, the Krugerrand has remained a relevant and popular choice among investors of all ages.

Coin Highlights:

  • Delivered to you in a protective plastic flip!
  • Gold Krugerrand coin released in 1980!
  • Contains 1 Troy oz of actual gold content.
  • Though without face value, these coins are seen as legal tender in South Africa.
  • Paul Kruger is depicted on the obverse.
  • A Springbok antelope features in the reverse design.

These 1980 South African Krugerrand 1 oz Coins can be purchased at the click of a mouse and delivered right to your door. We fully insure all orders while in transit and deliver using inconspicuous packaging. Upon arrival, you will find your coin housed inside a plastic flip. Like all Krugerrands, these coins consist of a copper-gold alloy with a purity of .9167.

Obverse

Paul Kruger is featured on the obverse of these 1980 Krugerrand 1 oz Gold Coins. Kruger, who was president of the South African Republic for nearly twenty years, has been present on the Krugerrand since the coin debuted in 1967. Obverse inscriptions are included that read SUID-AFRIKA, SOUTH AFRICA.

Reverse

A Springbok antelope is found on the reverse field of 1980 South African Krugerrand Gold Coins. The national animal of South Africa, this beautiful creature is known for its long legs and slender physique. You will find hallmarks on the reverse as well reading KRUGERRAND, 1980, FYNGOUD, 1 OZ FINE GOLD.

History

While 1 oz gold coins are extremely common today, in the 1960s they were non-existent. Due to South Africas heavy gold output, officials determined that minting gold coins in a basic 1 oz weight would attract an entirely new class of investors. By 1970, the Krugerrand was being mass-produced, and within a decade it accounted for over 90% of the worlds coin market. Its success prompted other countries to develop their own 1 oz pieces, including classics like the Canadian Maple Leaf, British Britannia, and American Eagle.

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