Krugerrand coins were the first to be tenderable at its market value. By contrast, earlier gold coins such as the gold sovoreign had a tender value in currency engraved on their face, which could be completely divorced from their market value. As time went on,the first gold coin Krugerrands to contained precisely one once of gold, and was intended from the moment of creation to provide a vehicle for the private ownership of gold. By bestowing legal tender status upon the coin, U.S citizens could own Krugerrands. However, at one time, private onwership was prohibited of bullion but ownership of foreign coins was allowed. However, due to the policy of aparteid in South Africa, the Krugerrand was declared illegal to import in many Western countries during the 1970s and 1980s until South African political reform from 1990 to 1994.

Two South African Krugerrand Coins One Ounce Gold 1978 US $1,625.00 (8 Bids) Auction Ends: End Date: Wednesday Nov-19-2008 20:18:02 PST Bid now | Add to watch list

1980 South African 1/4 Oz Krugerrand Fine Gold Coin NR! US $190.00 (8 Bids) Auction Ends: End Date: Friday Nov-21-2008 18:14:00 PST Bid now | Add to watch list

1982 Krugerrand GOLD Coin ONE Oz. South African NO Resv US $610.01 (4 Bids) Auction Ends: End Date: Sunday Nov-23-2008 14:00:00 PST Bid now | Add to watch list

1978 South African Krugerrand, 1 Oz.Gold Coin US $1,650.00 Auction Ends: End Date: Tuesday Nov-25-2008 15:58:18 PST Buy it now | Add to watch list

1981 KRUGERRAND South African 1 0z. Fine Gold Coin US $1,100.00 Auction Ends: End Date: Tuesday Nov-25-2008 19:44:03 PST Buy it now | Add to watch list

South African 1979 Krugerrand 1-oz Gold Coin US $900.00 (0 Bid) Auction Ends: End Date: Tuesday Nov-25-2008 20:15:36 PST Bid now | Add to watch list

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