The Krugerrand has always aroused a great deal of interest.  This is not surprising if one considers to what extent gold has captivated mankind.  Furthermore, to many enthusiasts, gold coins still reflect wealth and prestige.  The name of this prestigious coin kindles memories of a bygone era and symbolises the romance and allure attached to it.  The discovery of the main gold reef on the Witwatersrand changed the history of South Africa

Overnight a hub of commerce was established as thousands flocked to the country.  This led to an era of unprecedented expansion, a golden era with many wonderful opportunities.  At this stage President Paul Kruger recognised the need for a South African coinage system.  Thus the gold Kruger pounds were introduced in 1892 and became the symbol of South Africa as a country of opportunity.

The striking of the first Krugerrand at the South African Mint on 3 July 1967 took place with very little ceremony and barely any media coverage.  In 1964 South Africa’s Minister of Finance announced the introduction of a 1 oz gold coin in Parliament.  The South African Coinage Act was passed.  The recommended name for this coin, “the Trojan” was changed to the Krugerrand in 1966.  The Krugerrand was a brand new concept, which was copied by many other countries.