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 ?
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.
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.
I was at the point of ordering some Krugerrands (South African gold Coins) to put in a safe-deposit box," says Mark Pickstone, a Manchester-based IT Consultant who discovered the benefits of BullionVault 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.
This interest has seen renewed interest in 100gm bullion bars, Krugerrands, futures and options contracts, gold-backed bonds, metal accounts, and gold-mining stocks purchased directly or through mutual funds such as Merrill Lynch Gold & General, JPMF Natural Resources and Tocqueville Gold Fund.
In the combat survival waistcoat worn by each airman for use if he is shot down are ten gold Krugerrands, each worth around pounds 180, for bribing people to help him reach safety.
Unaware of the bombshell he was dropping, he publicly asked: "If krugerrands are to be banned, why not diamonds (imported to Israel from South Africa); does cutting them in Israel remove the black blood on them?
The bad guys: South African consulate members dealing drugs for Krugerrands.