1970 South Africa 1 oz Gold Krugerrand BU

Product Details

This date is not often encountered, a scarce early date. Only the 4th year of release for the Krugerrand. The Gold Krugerrand series has been a cornerstone of the global gold market since its introduction in 1967.
Coin Highlights:

• Contains 1 oz of gold.
• Each coin will be housed in protective packaging.
• Mintage of only 211,018.
• Obverse: Likeness of Paul Kruger, South Africa’s first and only president, along with “South Africa” in Afrikaans and English.
• Reverse: A Springbok antelope, the national animal of South Africa, along with the date (1970) and gold weight.
• Minted by the South African Mint.

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The South African Mint
The South African Mint has been producing Krugerrands since 1967, establishing itself as one of the most trusted mints in the world. The Krugerrand was the first gold bullion coin to be mass-produced and remains a popular choice for investors worldwide.

Historical Context
The Krugerrand's legacy is intertwined with the history of apartheid. Due to South Africa's apartheid policies, the import of Krugerrands was banned in the U.S. in 1985, leading to the creation of the U.S. Gold Eagle program. However, since the end of apartheid and the lifting of the ban in 1994, the Krugerrand has largely shed its affiliation with that era. It has once again become a globally appreciated gold coin, enjoying great popularity and high liquidity in the marketplace.