1978 1 oz South African Gold Krugerrand Coin

Description

1978 1 oz South African Gold Krugerrand Coin

The 1978 release of the South African Gold Krugerrand remains one of the most significant in the history of the series. While it does not represent an anniversary, nor is it the debut date, it does hold the distinction of having the highest mintage noted in the series at more than 6 million coins. Today, 1978 1 oz South African Gold Krugerrand Coins are available to you online.

Coin Highlights:

• Available to you in plastic flips!
• 12th year for the 1 oz South African Gold Krugerrand!
• Announced mintage of 6,012,000 coins!
• Contains 1 Troy oz of actual gold content.
• The obverse depicts Paul Kruger.
• On the reverse is the Springbok antelope.

In the 1970s, the Gold Krugerrand was the only gold bullion coin widely available to investors. It wasn’t until the final year of the decade, 1979, that the Gold Krugerrand had competition, and that came in the form of the Gold Maple Leaf from the Royal Canadian Mint. The 1970s was a high-water mark for the Krugerrand and 1978 saw the highest mintage of the decade.

All of the 1978 1 oz South African Gold Krugerrand Coins available here come in plastic flips. The mintage of 6,012,000 coins was nearly double the previous release in 1977 and represented a one-time peak as demand slipped the next year, even though mintage remained high through the next several years.

The obverse of the 1978 South African Gold Krugerrand Coin features a portrait of Paul Kruger. This left-profile relief was created in the 1890s to feature on coins of the South African Pound denomination and was revived in 1967 for this series.

On the reverse side of 1978 1 oz Gold Krugerrand Coins, you will find the image of a Springbok antelope. This image shows the native species pronking along the plains of southern Africa in right–profile relief.

Overview of the 1978 1 oz South African Gold Krugerrand

The 1978 1 oz South African Gold Krugerrand coin is one of the most sought-after pieces among collectors and investors. This iconic coin represents a significant part of gold history and investment.

Design and Features

This coin is celebrated for its stunning design, featuring Paul Kruger, the former president of the South African Republic, on one side. The reverse side showcases a springbok, symbolizing South Africa’s rich wildlife.

Investment Value

As a 1 oz gold coin, the 1978 Krugerrand offers intrinsic value based on gold prices. Its popularity among investors makes it not only a collectible but also a formidable asset for wealth preservation.