Krugerrand

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Krugerrand

A coin minted in South Africa containing one troy ounce of gold. It is legal tender in South Africa but is not used. It is the first gold coin minted to be legal tender at the market value of one troy ounce of gold rather than for an amount indicated by the face value of the coin. It is one of the more frequently traded coins in the world. See also: Silver Krugerrand.

Krugerrand

A gold coin minted in South Africa.
References in periodicals archive ?
Last month, the gold was sold for PS45,669, including the Krugerrands which sold for PS16,340.
Australian businessman Lee Cubit paid PS1,612 for two krugerrands, while Leon Shephard spent PS9,250 on 40 sovereigns and two krugerrands, Reading Crown Court heard.
Many Krugerrands were found to be up to 5 percent short on gold.
As I write, it stands at about pounds 870 per ounce - which is the amount of gold in each of your krugerrands.
Each owner had put up 10,000 gold Krugerrands, with the crews set to share in the handsome prize.
But McGaw says one doesn't have to purchase Krugerrands or gold bars to gain exposure to the gold prices.
So they are taking their money out of banks and putting into gold: Krugerrands and ingots are fetching premiums.
Pepper, 38, of 51 Brimfield Road, Holland, was accused of taking items, including a diamond ring, a woman's Rolex watch, South African Krugerrands and a half-kilo gold bar, from restaurateur George Lagaris in 2006.
What seemed so important, gold Krugerrands and expensive electronics, has become worthless.
They are already counting the Krugerrands that they can make from staging the game in this vast country, with its big backers and rich resources.