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Krugerrands have always been legal tender coins, since their launch in 1967, under South Africa legislation. As legal tender coins, they do not need to be assayed or melted down upon resale - unlike many cast and minted gold bars. Krugerrands can be bought from, or sold to, thousands of gold dealing companies and their branches worldwide. As the Krugerrand is so well recognized, buying and selling Krugerrands is easy.

Krugerrands are sturdy and durable. They are 22 carat - a traditional caratage of gold bullion coins designed to be handled as currency. Krugerrands are hard enough to resist normal scratching and denting - an important, practical feature, as soft 24 carat coins and bars are more easily damaged and generally require protective packaging. Krugerrands are easy to transport and store.

First struck in July 1967, more than 50 million Krugerrands have been minted, making it internationally recognizable and one of the most successful bullion coins. The coins, minted in 22 carat gold, depict Paul Kruger, the President of the original South African Republic from 1883 to 1902 on the obverse. Originally only one size was issued, which contained one full troy ounce (31.1035 grams) of fine gold. In 1980, three more denominations were introduced, namely a half, quarter, and tenth ounce size.