How Do You Spell KRUGERRAND?

Pronunciation: [kɹˈuːd͡ʒɪɹˌand] (IPA)

Krugerrand is a South African gold coin that was first minted in 1967. The word is spelled as /ˈkruːɡərænd/, with the stress on the first syllable. The word is composed of two parts - "Krug" and "errand". "Krug" refers to Paul Kruger, the former South African president whose portrait is featured on the coin. "Errand" is a reference to the coin's intended use as a means of exchange. The Krugerrand quickly became popular among investors and collectors, and today it remains one of the most well-known gold coins in the world.

KRUGERRAND Meaning and Definition

1. A Krugerrand refers to a gold coin that originated in South Africa and holds significant historical and economic value. It was first minted in 1967 as a means to promote South African gold exports, deriving its name from President Paul Kruger, a prominent political figure at the time, and the South African currency, the Rand. The Krugerrand is composed of 91.67% pure gold, with the remaining percentage being copper alloy, which grants it a distinct reddish hue. With a weight of one troy ounce, it has become one of the most recognized and traded gold coins worldwide, establishing its status as a widely sought-after investment asset.

   The design of the Krugerrand features the face of Paul Kruger on the obverse side, with its reverse showcasing a leaping springbok, a national symbol of South Africa. The coin's popularity is primarily due to its accessibility and affordability, as it is generally sold close to the current market price of gold. Furthermore, Krugerrands are easily liquidated, allowing investors to convert them to cash with ease if necessary.

   Over the years, the Krugerrand has become more than just a valuable investment instrument. It stands as a symbol of South Africa's rich history and its prominence in the gold market. The Krugerrand is not only revered by collectors and investors but also holds cultural significance for South Africans and serves as a token of their nation's heritage and economic prowess.

Common Misspellings for KRUGERRAND

• krugerrands
• jrugerrand
• mrugerrand
• lrugerrand
• orugerrand
• irugerrand
• keugerrand
• kdugerrand
• kfugerrand
• ktugerrand
• k5ugerrand
• k4ugerrand
• krygerrand
• krhgerrand
• Krugarand
• Kuregerrand

Etymology of KRUGERRAND

The word "Krugerrand" is derived from the combination of two words: "Kruger" and "rand".

"Kruger" refers to Paul Kruger, who was the fourth president of the South African Republic and played a prominent role in the formation of the Krugerrand. Paul Kruger was a well-known political and military figure in South Africa during the late 19th century.

"Rand" is the currency of South Africa. The currency was named after the Witwatersrand (meaning "ridge of white waters" in Afrikaans), which is a prominent geological formation where gold was discovered in the late 19th century, contributing significantly to South Africa's gold reserves.

Combining these two names, the word "Krugerrand" was coined to represent the gold coin introduced in 1967 by South Africa.

Plural form of KRUGERRAND is KRUGERRANDS