2010 1 oz South African Gold Krugerrand Proof Bullion Coin - Graded PF 69 by NGC

Up for bidding is 2010 1 oz South African Gold Krugerrand Proof Bullion Coin - Graded PF 69 by NGC minted by Rand Refinery. 

To date some 46 million ounces fine gold contained in newly minted Krugerrands have been sold worldwide. This equates to more Krugerrands in circulation internationally than all other gold coins combined.

The South African Chamber of Mines came up with the idea of the Krugerrand in the 60s as an idea of how to market South African gold. The coin was minted for the first time in 1967 and has been produced every year since.

The name Kruger originates from the 19th century President Paul Kruger which has also given name to the famous Kruger park. The rand, which is also the name of South Africas currency, is originating from the geographical name Witwatersrand in the Gauteng province where large amounts of gold was found during the end of the 19th century.

The portrait on the obverse of the coin is a picture of Paul Kruger.

The coin is graded PF 69 by Numismatic Guaranty Corporation (NGC), a top coin grading company. This means that the coin is close to flawless as a perfect score is 70.