Produced by the South African Mint since 1967, the Krugerrand is the original one troy ounce gold bullion coin. By 1980, the coin accounted for 90% of the private coin market. Its success and popularity among private investors is the reason why many other gold-producing countries began production of their own gold bullion coins. The Krugerrand contains a small amount of copper alloy, which improves the coin's durability and scratch resistance, and also gives the coin its distinctive orange-gold hue.
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