The name of the Krugerrand was derived from “Kruger” (President Paul Kruger) and “Rand”, the monetary unit of South Africa.  The “Rand” is associated with the area called the Witwatersrand, “the ridge of white water”, an important gold producing area.  The obverse design of the Krugerrand bears the effigy of President Paul Kruger, struck from the original die used in 1892 for the historical Kruger Half Crown.  The reverse was original designed and engraved by Coert Steynberg, a famous South African sculptor, and depicts a prancing Springbok, the South African national animal.

Since its inception in 1967, more than 50million Krugerrands have been minted.  Today the Krugerrand is one of the best established South African brand names.  The golden dream has become a South African symbol of wealth and is recognised internationally.  There is confidence that the Krugerrand will remain an exciting symbol of South Africa as one of golden opportunity.