1 oz Krugerrand Gold Coin 1967 - First Year of Issue, Rand Refinery
The 1 oz Krugerrand Gold Coin 1967 is the historic first issue of the most famous gold bullion coin in history. Introduced on July 3, 1967 by the Republic of South Africa, the Krugerrand was the world's first modern gold investment coin - it created the entire product category later copied by Maple Leaf, Eagle, Vienna Philharmonic and Britannia. Contains exactly one troy ounce of pure gold in classic 22-karat Crown Gold alloy with copper - total mass 33.930 g.
At GoldInvest24 authentic pieces in protective capsules.
Rand Refinery and the birth of the Krugerrand
Rand Refinery is a South African refinery founded in 1920 in Germiston near Johannesburg by the Witwatersrand gold mining consortium. In the 1970s, South Africa accounted for over 70% of global gold production. LBMA Good Delivery accredited.
The Krugerrand was conceived as a response to South Africa's gold export problem. The South African government with South African Mint and Rand Refinery invented the revolutionary concept of a bullion coin as "gold with face value". The first issue on July 3, 1967 marks the beginning of the modern gold investment market.
The name "Krugerrand" combines Paul Kruger (3rd president of the Transvaal Republic) with the "rand" (South African currency since 1961). Springbok motif by Coert Steynberg; Kruger portrait by Otto Schultz.
Key features
- Issuer: South African Mint, Rand Refinery
- Accreditation: LBMA Good Delivery
- Country of issue: Republic of South Africa
- Historic status: First year of issue
- Mintage date: July 3, 1967
- 1967 mintage: ~40,000 pieces (rare vintage)
- Metal: Crown Gold (22K)
- Fineness: .9167/1000
- Fine gold weight: 1 troy ounce (31.1035 g)
- Total mass: 33.930 g
- Diameter: 32.77 mm
- Thickness: 2.84 mm
- Edge: Reeded (220 teeth)
- Face value: None (only since 2018: 50 Rand)
- Obverse: Paul Kruger (Otto Schultz)
- Reverse: Springbok (Coert Steynberg)
- Packaging: Protective capsule at GoldInvest24
- VAT: 0% (investment gold)
- Value: Bullion + first-year premium + historical premium
Market analysis - "First Year" as a special category
Krugerrand 1967 combines three value layers: (1) bullion (1 oz fine gold), (2) numismatic (first-year vintage), (3) historical (birth of modern gold market). Mintage 40,000 - significantly less than later years (1968: 80K; 1974: 3 million).
Market premium over spot typically 10-30%, MS-65+ condition 50-100%.
Obverse - Paul Kruger
Obverse depicts Paul Kruger (1825-1904), 3rd president of the Transvaal Republic 1883-1900. Led the Boers in the Second Boer War against the British Empire. Portrait by Otto Schultz. Inscriptions: SUID-AFRIKA · SOUTH AFRICA.
Reverse - Springbok
Reverse depicts the springbok (Antidorcas marsupialis), national animal of South Africa. Design by Coert Steynberg. Inscriptions: KRUGERRAND · 1967 · 1 OZ FINE GOLD · FYNGOUD.
Technical specifications
| Parameter |
Value |
| Manufacturer |
South African Mint, Rand Refinery |
| Accreditation |
LBMA Good Delivery |
| Series |
Krugerrand (since 1967, first year) |
| Metal |
Gold (Crown Gold 22K) |
| Fineness |
.9167/1000 |
| Fine gold weight |
1 oz (31.1035 g) |
| Total mass |
33.930 g |
| Diameter |
32.77 mm |
| Thickness |
2.84 mm |
| Face value |
None (before 2018) |
| Year of issue |
1967 (historic) |
| 1967 mintage |
~40,000 pieces |
| Obverse |
Otto Schultz |
| Reverse |
Coert Steynberg |
| Packaging |
Protective capsule |
| VAT |
0% |
| Catalog number |
11618 |
FAQ
What makes the 1967 Krugerrand special?
First year of the first modern gold bullion coin. Created the entire product category. "Mother" of all later bullion coins.
What is the 1967 mintage?
~40,000 pieces. Significantly less than later vintages (1968: 80K, 1974: 3M).
Is the 1967 Krugerrand subject to VAT?
No. Despite 22K alloy, it meets investment gold criteria under EU Directive 98/80/EC.
Why no face value before 2018?
Designed as "coin without face value" - only 1 OZ FINE GOLD inscribed. In 2018 a 50-Rand face value was added.
