Krugerrand
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Krugerrand
The Krugerrand (; ) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint. The name is a compound of ''Paul Kruger'', the former President of the South African Republic (depicted on the obverse), and ''rand'', the South African unit of currency. On the reverse side of the Krugerrand is a pronking springbok, South Africa's national animal. By 1980 the Krugerrand accounted for more than 90% of the global gold coin market and was the number one choice for investors buying gold. However, during the 1980s and 1990s, Krugerrands fell out of favor as some western countries forbade import of the Krugerrand because of its association with the apartheid government of South Africa.Bob Secter (02 Oct 1985Reagan Bans Imports of S. Africa Krugerrand The Los Angeles Times, accessed 28 June 2018 Although gold Krugerrand coins have no face value, they are considered legal tender in South Africa by the Sou ...
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Paul Kruger
Stephanus Johannes Paulus Kruger (; 10 October 1825 â€“ 14 July 1904) was a South African politician. He was one of the dominant political and military figures in 19th-century South Africa, and President of the South African Republic (or Transvaal) from 1883 to 1900. Nicknamed ''Oom Paul'' ("Uncle Paul"), he came to international prominence as the face of the Boer cause—that of the Transvaal and its neighbour the Orange Free State—against Britain during the Second Boer War of 1899–1902. He has been called a personification of Afrikanerdom, and remains a controversial figure; admirers venerate him as a tragic folk hero. Born near the eastern edge of the Cape Colony, Kruger took part in the Great Trek as a child during the late 1830s. He had almost no education apart from the Bible. A protégé of the Voortrekker leader Andries Pretorius, he witnessed the signing of the Sand River Convention with Britain in 1852 and over the next decade played a prominent role in the ...
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Rand Refinery
Rand Refinery (Pty) Limited is the largest integrated single-site precious metals refining and smelting complex in the world. It was established in 1920 to refine gold within South Africa which until that time had been refined in London. History It was established in 1920 in Germiston, South Africa, by the Chamber of Mines of South Africa to refine all the gold produced by South Africa's gold mines instead of in London. As of 1919, the Bank of England would receive consignments of raw gold from the producers and issue it to individual refineries, refined and then returned to the Bank for sale, and the hope was that after the Rand Refinery was built, the gold industry would still be financed in London and that the refined gold would be sold in the latter. On 27 November 1920, Rand Refinery Ltd was registered as a private company, the capital raised from shares of gold mining companies that were members of the Chamber of Mines. Building of the facilities commenced in August 1920. ...
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Coert Steynberg
Coert Steynberg (7 January 1905 – 28 July 1982) was a renowned South African sculptor, and medallist, who worked in stone, marble, bronze, copper and wood. His work is represented nationwide and internationally, including a statue of Bartholomew Dias in South Africa House in London, a monument to Andries Pretorius in Graaff-Reinet, and the Peace of Vereeniging monument in Vereeniging. He was the son of Johannes Lodewikus and Magdalena Susanna (Née Hamman). He married Elizabeth Johanna Maria Bosman. Steynberg is best known for sculpting a statue of Paul Kruger, found at the Kruger-gate, Kruger National Park. His most famous coin design is the pronking springbok on all gold Krugerrands. The springbok design was reused on the 5 shilling and 50 cents crowns from 1947 to 1964, the gold 1/2 Pound and 1 Pound coins of the 1952-60 issues, the gold 1 Rand and 2 Rand of the 1961-83 issues, and on the Krugerrand medal-coin Non-circulating legal tender (NCLT) refers to coins that are ...
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Crown Gold
Crown gold is a 22 karat (kt) gold alloy used in the crown coin introduced in England in 1526 (by Henry VIII). In this alloy, the proportion of gold is 22 parts out of 24 (91.667% gold)—and is appreciably less prone to wear than the softer 23 kt gold of earlier gold sovereigns—an important point for coins intended for everyday use in circulation. Alloying metal The alloying metal in England was, and is, traditionally restricted to copper. This is still used for the current British gold sovereign. An exception was for the gold sovereigns of 1887, when 1.25% silver, replacing the same weight of copper, was used to gain a better reproduction image of Queen Victoria for the Golden Jubilee of her reign. Elsewhere, both copper and silver have been used in varying proportions. Circulating coins In the United States until 1834, gold circulating coins were minted in 22 kt. crown gold—although using about 6% silver as well as copper. From 1834, the fineness of U.S. coin gold was decr ...
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American Gold Eagle
The American Gold Eagle is an official gold bullion coin of the United States. Authorized under the Gold Bullion Coin Act of 1985, it was first released by the United States Mint in 1986. Because the term "eagle" also is the official United States designation for pre-1933 ten dollars gold coins, the weight of the bullion coin is typically used when describing American Gold Eagles (e.g., "1/2-ounce American Gold Eagle") to avoid confusion. This is particularly true with the 1/4-oz American Gold Eagle, which has a marked face value of ten dollars. Details Offered in 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz denominations, these coins are guaranteed by the U.S. government to contain the stated amount of actual gold weight in troy ounces. By law, the gold must come from sources in the United States, alloyed with silver and copper to produce a more wear-resistant coin. In addition, sales of these and other specie coins from the US Mint are mandated, at least in part, to pay off the n ...
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South African Rand
The South African rand, or simply the rand, ( sign: R; code: ZAR) is the official currency of the Southern African Common Monetary Area: South Africa, Namibia (alongside the Namibian dollar), Lesotho (alongside the Lesotho loti) and Eswatini (alongside the Swazi lilangeni). It is subdivided into 100 cents (sign: "c"). The South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho and Eswatini, with these three countries also having their own national currency (the dollar, the loti and the lilangeni respectively) pegged with the rand at parity and still widely accepted as substitutes. The rand was also legal tender in Botswana until 1976, when the pula replaced the rand at par. Etymology The rand takes its name from the Witwatersrand ("white waters' ridge" in English, ''rand'' being the Dutch and Afrikaans word for 'ridge'), the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found. In Eng ...
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Canadian Gold Maple Leaf
The Canadian Gold Maple Leaf (GML) is a gold bullion coin that is issued annually by the Government of Canada. It is produced by the Royal Canadian Mint. The Gold Maple Leaf is legal tender with a face value of 50 Canadian dollars. The market value of the metal varies, depending on the spot price of gold. Having a .9999 millesimal fineness (24 carats), in some cases .99999, the coin is among the purest official bullion coins worldwide. The standard version has a weight of minimum 1 troy ounce (31.10 grams). Other sizes and denominations include 1 gram, ($0.50), ($1), ($5), ($10), and ($20). The Gold Maple Leaf's obverse and reverse display, respectively, the profile of Queen Elizabeth II of Canada and the Canadian Maple Leaf. In 2013 and 2015, new security features were introduced. In 2013, a laser-micro-engraved textured maple leaf was added on a small area of the reverse (Maple Leaf) side of the coin. In the centre of this mark is the numeral denoting the coin's year ...
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Springbok (antelope)
The springbok (''Antidorcas marsupialis'') is a medium-sized antelope found mainly in south and southwest Africa. The sole member of the genus ''Antidorcas'', this bovid was first described by the German zoologist Eberhard August Wilhelm von Zimmermann in 1780. Three subspecies are identified. A slender, long-legged antelope, the springbok reaches at the shoulder and weighs between . Both sexes have a pair of black, long horns that curve backwards. The springbok is characterised by a white face, a dark stripe running from the eyes to the mouth, a light-brown coat marked by a reddish-brown stripe that runs from the upper fore leg to the buttocks across the flanks like the Thomson's gazelle, and a white rump flap. Active mainly at dawn and dusk, springbok form harems (mixed-sex herds). In earlier times, springbok of the Kalahari desert and Karoo migrated in large numbers across the countryside, a practice known as ''trekbokking''. A feature, peculiar but not unique, to the s ...
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Britannia Coin
Britannia coins are British bullion coins issued by the Royal Mint The Royal Mint is the United Kingdom's oldest company and the official maker of British coins. Operating under the legal name The Royal Mint Limited, it is a limited company that is wholly owned by HM Treasury, His Majesty's Treasury and is un ... in gold since 1987, in silver since 1997, and in platinum since 2018. The coin patterns feature various depictions of Britannia, a feminine personification of the United Kingdom. Britannia gold coins contain one troy ounce of gold and have a face value of Pound sterling, £100. Gold Britannias also are issued in fractional sizes of one-half, one-quarter, and one-tenth of a troy ounce and with face values of £50, £25, and £10 respectively. In 2013 two additional sizes were introduced, a five-ounce coin of face value £500, and a fractional size of one-twentieth of face value £5. Britannia silver coins contain one troy ounce of silver and have a face value of  ...
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Springbok
The springbok (''Antidorcas marsupialis'') is a medium-sized antelope found mainly in south and southwest Africa. The sole member of the genus ''Antidorcas'', this bovid was first described by the German zoologist Eberhard August Wilhelm von Zimmermann in 1780. Three subspecies are identified. A slender, long-legged antelope, the springbok reaches at the shoulder and weighs between . Both sexes have a pair of black, long horns that curve backwards. The springbok is characterised by a white face, a dark stripe running from the eyes to the mouth, a light-brown coat marked by a reddish-brown stripe that runs from the upper fore leg to the buttocks across the flanks like the Thomson's gazelle, and a white rump flap. Active mainly at dawn and dusk, springbok form harems (mixed-sex herds). In earlier times, springbok of the Kalahari desert and Karoo migrated in large numbers across the countryside, a practice known as ''trekbokking''. A feature, peculiar but not unique, to t ...
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Germiston, Gauteng
Germiston, also known as kwaDukathole, is a small city in the East Rand region of Gauteng, South Africa, administratively forming part of the City of Ekurhuleni Metropolitan Municipality since the latter's establishment in 2000. It functions as the municipal seat of Ekurhuleni, hosting the municipal council and administration. History Germiston was established in the early days of the gold rush when two prospectors, John Jack from the farm of Germiston near Glasgow and August Simmer from Vacha in Germany, struck paydirt on the farm of ''Elandsfontein''. In August 1887, the pair were on their way to the Eastern Transvaal when they ''outspanned'' (rested their pack animals) on the farm ''Elandsfontein'' and decided to stay and buy the land. Both men made fortunes and the town sprang up 2 km from the Simmer and Jack mine named after Jack's fathers farm. In 1921, the world's largest gold refinery, the Rand Refinery, was established at Germiston. Seventy percent of the wes ...
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English Language
English is a West Germanic language of the Indo-European language family, with its earliest forms spoken by the inhabitants of early medieval England. It is named after the Angles, one of the ancient Germanic peoples that migrated to the island of Great Britain. Existing on a dialect continuum with Scots, and then closest related to the Low Saxon and Frisian languages, English is genealogically West Germanic. However, its vocabulary is also distinctively influenced by dialects of France (about 29% of Modern English words) and Latin (also about 29%), plus some grammar and a small amount of core vocabulary influenced by Old Norse (a North Germanic language). Speakers of English are called Anglophones. The earliest forms of English, collectively known as Old English, evolved from a group of West Germanic (Ingvaeonic) dialects brought to Great Britain by Anglo-Saxon settlers in the 5th century and further mutated by Norse-speaking Viking settlers starting in the 8th and 9th ...
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