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.
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Krugerrand

A gold coin minted in South Africa.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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.
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.
Their greatest find is a completely stocked survivalist's shelter, the "richness of a vanished world." Among its contents is a stash of gold Krugerrands. The father briefly kneads them in his hand, then scoops them back into a jar and replaces the jar on the shelf.
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.