1980 South Africa 1 oz Gold Coin Krugerrand

Description: 1980 South Africa 1 oz Gold Coin Krugerrand Product Details The Krugerrand gets its name from the coin's front image, a head shot of the South African Republic's last president, Paul Kruger. The South African Krugerrand coin represents a great gift and Gold investment opportunity. The South African Gold Krugerrand is one of, if not the most recognizable Gold bullion coins in the world. First produced in 1967, the Krugerrand was the world’s first modern bullion coin. Available in 1/10 oz, 1/4 oz, 1/2 oz and 1 oz Gold coins, this iconic bullion coin is a favorite of investors and collectors alike for its Gold content, historical significance and beautiful design.The obverse of the coin features the profile of Paul Kruger, the first and only president of South Africa. The reverse depicts a Springbok antelope, a symbol synonymous with South Africa. The word “Krugerrand” comes from President Kruger’s last name and is combined with “rand”, the currency of South Africa. In the late 1960s and early 1970s, South Africa produced 75 percent of the world’s Gold, and by 1980, the Krugerrand accounted for 90 percent of the global Gold coin market. The coin was so popular it inspired other countries like the United States, Canada and the United Kingdom to produce their own Gold bullion coins. Despite the Krugerrand’s popularity, due to South Africa’s system of apartheid, many Western countries placed sanctions on South Africa and banned the import of Gold Krugerrand coins from the 1970s to 1994. Because of this, production levels of the Gold coin have varied greatly since 1967, but the South African Mint produced the most coins before the sanctions were put in place.Stephanus Johannes Paulus “Paul” Kruger, often referred to as Oom Paul (“Uncle Paul”), was one of the most prominent military and political figures of 19th-century South Africa. Kruger was president of the South African Republic, also known as the Transvaal, from 1883 to 1900 and was the face of the Second Boer War from 1899-1902. This war between the United Kingdom and the Transvaal and its neighboring Orange Free State came about because of conflicting ideologies of imperialism and republicanism, the discovery of Gold on the Witwatersrand and tension between various political leaders, among many other reasons. Kruger’s cause was ultimately unsuccessful and he was exiled to Europe before a treaty was signed annexing the Transvaal and Orange Free State to Britain. To this day, Kruger remains a divisive figure in South African history. Admirers of Kruger consider him a tragic folk hero who was able to unite and defend a maligned nation, but to critics, he was the champion of an ignoble cause and a suppressor of the native Africans in the region. Regardless of these differing viewpoints, Kruger was undoubtedly responsible for shaping much of South Africa’s history.The South African Mint was first established by President Kruger in 1892 in order to address the serious shortage of coins in circulation and to provide a means for South Africa to produce its own currency. After Britain occupied South Africa as a result of the Second Boer War, all production at the mint ceased until the Mint Act of 1919 established the Royal Mint in Pretoria. In 1941, Britain broke the bonds with the Royal Mint in Pretoria and it thus became the South African Mint. In 1961, when South Africa became its own republic, the mint stopped producing British currency and introduced its own currency system. Coin Highlights: Year:1980Contains 1 oz ( 28.3495gr. ) of .9167 fine Gold. Thickness : 2.84mm Diameter: 32.8mmMetal Content: 1oz PaymentWe accept Paypal and Credit Cards. New York State residents pay 8.875% in sales tax.International ShippingWe can ship almost anywhere in the world! Please contact us prior to bidding for accurate shipping costs.We cannot ship jewelry or Coins to certain countries due to import restrictions so please check your country's import regulations on precious stones and metals. ReturnsReturns will be accepted within 14 days of purchase. Please contact us with any questions or concerns before making this purchase. Authenticity GUARANTEE THAT ALL PRODUCTS SOLD BY US ARE 100% AUTHENTIC BRAND NAMES. WE DO NOT SELL IMITATIONS OF ANY SORT AND ONLY CARRY GENUINE ITEMS. PAYMENT MUST BE MADE WITHIN 3 DAYS OF THE END OF AUCTION, PLEASE FEEL FREE TO CONTACT ME CONCERNING ANY QUESTIONS! About UsWe've been in the high-end jewelry trade for more than 30 years in our Midtown Manhattan location and have developed a reputation as an industry leader in brand name and estate jewelry. We reserve the right to re-list items not paid for after 7 days. We reserve the right to NOT accept payments from Unconfirmed Pay-Pal Addresses. Do NOT Confirm your Bid unless you are willing to pay that much for the piece. We would not carry any responsibilities for any possible taxes or duties that might occur in your local countries. #arkadi 1980 South Africa 1 oz Gold Coin Krugerrand Unless stated otherwise in the description above, the item you see pictured here is exactly the coin you will receive.

Price: 3844.99 USD

Location: Queens Village, New York

End Time: 2024-08-05T20:30:43.000Z

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