The Krugerrand is a South African Republic gold currency containing a gold troy ounce, which is legal tender since 1967. This coin is peculiar due to the fact it is both legal tender and has no face value. Its value is thus directly linked to the price of gold. It has been produced every year since 1967 by the South African Mint. From 1980, other coins came in addition to the one ounce Krugerrand : ½ oz, ¼ oz and 1/10 oz. The Krugerrand obversely has Paul Kruger’s portrait, the Transvaal South African Republic president from 1883 to 1900. A springbok gazelle, one of the national symbols of South Africa, appears on the reverse.