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Definition of 'Krugerrands'

A Krugerrand is a gold bullion coin minted in South Africa. It was first minted in 1967 and is named after Paul Kruger, a former president of the South African Republic. The Krugerrand is one of the most popular gold bullion coins in the world, and is often used as a store of value or as an investment.

The Krugerrand is made of 22-karat gold, and contains 1 oz of pure gold. It has a diameter of 32.5 mm and a thickness of 2.8 mm. The coin is also stamped with the South African coat of arms and the denomination "Krugerrand."

The Krugerrand is issued by the South African Mint, and is sold in both uncirculated and proof condition. The uncirculated coins are packaged in plastic capsules, while the proof coins are packaged in special boxes.

The Krugerrand is a popular investment because it is a safe and liquid asset. It is also a good hedge against inflation, and can be used to protect against currency fluctuations.

The Krugerrand is not without its critics. Some people argue that it is a symbol of apartheid, and that the South African government should not be profiting from its sale. Others argue that the Krugerrand is a de facto currency, and that its use could help to prop up the South African economy.

Despite the controversy, the Krugerrand remains one of the most popular gold bullion coins in the world. It is a safe and liquid asset, and it can be used to protect against inflation and currency fluctuations.

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