Paul Kruger was born on October 10, 1825, which means today is the 199th anniversary of his birth. His image graces the iconic South African Krugerrand, one of the world’s most recognised and traded gold coins.

Launched in 1967, the Krugerrand wasn't just another gold coin; it was a game-changer. According to Rael Demby, CEO of The South African Gold Coin Exchange and Scoin Shop, “The Krugerrand created a new marketplace for gold, making ownership more accessible and desirable for collectors and investors. It was designed as a bullion coin and serves as legal tender, and now the 1967 Krugerrand has become a valuable collectable.”

This year’s commemoration takes on added significance as it coincides with a notable surge in the global gold price, prompting renewed interest in gold coins, especially the Krugerrand. Gold, long considered a safe-haven asset, has witnessed increasing demand amid geopolitical tensions and inflationary pressures. Investors are turning to gold to hedge against financial instability, and the Krugerrand is a favoured choice due to its intrinsic value and status as legal tender.

Since 1967, the Krugerrand has maintained its position as a global leader in bullion coins. With over 50 million ounces of Krugerrands sold worldwide—more than any other bullion coin, its success set the benchmark for other nations, inspiring the creation of iconic coins like the Canadian Maple Leaf, the American Eagle, and the British Britannia, all based on the Krugerrand model.

With gold prices reaching record highs in 2024, now exceeding $2,600 per ounce, the Krugerrand remains a prudent option for both seasoned and novice buyers. The Krugerrand remains a top choice for individuals capitalising on this rally. 

The South African Gold Coin Exchange and The Scoin Shop have experienced unprecedented sales of Krugerrands, with many clients opting to diversify their portfolios with gold in the face of economic uncertainties. Demby emphasised, "Valid concerns such as geopolitical instability, inflationary pressures, and strains on global financial systems are driving an urgency to acquire physical gold, especially Krugerrands. We are seeing sustained strong demand for Krugerrands.”