1/10 oz Krugerrand
Krugerrand 1/10 ounce gold coin: A coveted bullion coin
Since its inception in 1980, the 1/10th ounce gold Krugerrand has become a popular investment option for investors. Although it has a higher premium than the 1O oz Krugerrand, the Krugerrand 1/10 remains attractive due to its smaller size and cheaper price points.
Krugerrand 1/10 ounce gold coin at a glance
The 1/10 ounce Krugerrand gold coin has a gross weight of 3.39 g and a fine gold content of 3.11 g Au. It has a diameter of 16.5 mm and a thickness of 1.3 mm. Also, the coin has a reddish color and a copper alloy that makes it more scratch-resistant.
Krugerrand gold coins are available in a variety of sizes and denominations. They can be purchased between 1/10 ounce and 1 ounce. All Krugerrand gold coins have a gold purity of 91.67%, which means that they are made of 22-karat gold. The rest of the alloy is copper, which gives the coin its characteristic reddish color and also increases its scratch resistance.
History of the Krugerrand gold coin
The first Krugerrand gold coin was issued in 1967 and is considered one of the first modern gold bullion coins in the world. The coin was named in honor of Paul Krüger, the former President of the Republic of South Africa. The Krugerrand 1/10 ounce gold was added in 1980 to the existing values of 1 ounce, 1/2 ounce and 1/4 ounce.
Design and minting of the 1/10 oz Krugerrand gold coin
The obverse of the Krugerrand coin depicts a portrait of Paul Kruger surrounded by the inscriptions SUID-AFRICA" and "SOUTH AFRICA".