Launched in 1970, it is now generally accepted and known that the Krugerrand remains the world’s most widely held gold bullion coin, accounting for more than 54% of the market. 
Despite the international sanctions imposed from 1985 to the early 1990’s, some 46 million ounces have issued in total.  This is more than all the other gold bullion coins combined.  Thus, while a vast number of newly-minted Krugerrands have been issued on the international market in recent years, the availability of millions on the secondary market has ensure that the Krugerrand continues to be the most actively traded and best known gold bullion in the world.