South Africa 1971 krugerrand

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Goldberg sale 103, lot 2734
S Africa G103-2734r.jpg

This specimen was lot 2734 in Goldberg sale 103 (Los Angeles, February 2018), where it sold for $1,586.25. The catalog description[1] noted, "South Africa. Krugerrand, 1971. Bust of Paul Kruger left. Reverse: Spingbok. Pop 2, 2 in 66 Cameo. PCGS graded Proof 64 Cameo." South Africa, after a turbulent history between English and Dutch settlers and the native population, was constituted the Union of South Africa in 1910. Coinage commenced in 1923. The krugerrand was introduced in 1967 as a one ounce gold bullion coin and was very popular around the world despite bearing the effigy of Paul Kruger, the chief exponent of apartheid. The white supremacist regime was ousted in 1989 but, amazingly enough, the krugerrand remains in production, tho in much reduced numbers. As competition for it, the South African government also marketed the Natura series, featuring various animals native to the region.

Recorded mintage: 550,200 plus 6,000 proofs.

Specification: 33.93 g, .917 fine gold, 1.000 troy oz AGW, 32.7 mm diameter.

Catalog reference: Fr-B1; KM-73.


  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
  • Hern, Brian, John Bothma and Hercie Pieterse, Hern's Handbook on South African Coins & Patterns, Ferndale, South Africa, 2013.
  • [1]Goldberg, Ira, Larry Goldberg, John Lavender, Yifu Che, Jason Villareal and Stephen Harvey, Goldberg Sale 103: the Pre-Long Beach Auction, Los Angeles: Goldberg Coins and Collectibles, 2018.

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