krugerrand

Noun

Meaning

Krugerrand (plural Krugerrands)

(numismatics) A gold coin minted in South Africa, containing a full troy ounce of gold.

krugerrand (plural krugerrands)

Alternative letter-case form of Krugerrand

Phrases with the word

Examples

Despite the coin's legal tender status, economic sanctions against South Africa for its policy of apartheid made the Krugerrand an illegal import in many Western countries during the 1970s and 1980s. Source: Internet

Private mints have also attempted minting gold and silver bullion rounds (the term coin denotes legal currency) in the style of the Krugerrand. Source: Internet

By 1980 the Krugerrand accounted for 90% of the global gold coin market. Source: Internet

During the 1970s and 1980s some Western countries forbade import of the Krugerrand because of its association with the apartheid government of South Africa. Source: Internet

History The Krugerrand was introduced in 1967 as a vehicle for private ownership of gold. Source: Internet

The remaining 8.33% of the coin's weight (2.826 g) is copper (an alloy known historically as crown gold which has long been used for English gold sovereigns ), which gives the Krugerrand a more orange appearance than silver-alloyed gold coins. Source: Internet

Close letter words and terms