Post discovery of gold in the South African Republic, which then caused the 1886 Witwatersrand Gold Rush, South Africa’s residing President Paul Kruger established a national mint in 1890. Which proceeded to open on 6 July 1892 in Pretoria. However, once the end of the Second Boer War was announced in 1902, the country was then adapted into the British Empire, becoming the Transvaal Colony. Which lead to the closure of the mint as the pound sterling became the legal tender of this new colony. Later In 1941, The Royal Mint in Pretoria cut its ties with The Royal Mint in London and became The South Africa Mint.
The South African Mints most popular bullion contribution being the 1oz Gold Krugerrand, which was the first gold coin to contain precisely one ounce of fine gold. The original bullion coin that was tenderable at the market value of its face gold content, the 1oz gold coin was intended to enable ownership of investment gold amongst private individuals. The Krugerrand remains a top choice for investors looking to buy gold coins today. The Gold Krugerrands are produced in smaller denominations; Half Oz gold krugerrand, Quarter Oz gold krugerrand, One Tenth Oz gold krugerrand and One Twentieth gold krugerrand.
