1 oz 1979 Krugerrand Gold Coin

The Krugerrand is produced by the Rand Refinery in Germiston, in South Africa. The name is a combination of "Kruger" (a past president of South Africa) and "Rand", the South African currency. The Krugerrand is minted from a more durable copper-gold alloy often referred to as "crown's gold". The Krugerrand is one of the most popular gold bullion coins in the world. The coin is known for its quality and reliability. Krugerrands are 22 karat gold, but weigh more than a troy ounce and therefore contain exactly 1 troy ounce of fine (24 karat) gold.