Like the 1oz. Krugerrand, fractional denominations contain the same 91.67% Gold purity, forming an easy, lower-cost way for investors to diversify their precious metals portfolios at their own financial pace.
Originally issued to promote South African gold, Krugerrands were first minted in 1967 and have been produced every year since. Krugers were never intended to be an aesthetically pleasing coin, just a lump of gold with a known weight and value.
Each coin depicts the profile of South African’s first president, Paul Kruger (after whom the coin was named), and a leaping springbok (or gazelle) on the other side.