A Krugerrand is a South African gold coin, first minted in 1967 in order to help market South African gold. The coins have legal tender status in South Africa. The Krugerrand was the first bullion coin to be tenderable at the market value of its face gold content and the first to contain precisely one ounce of fine gold.
It gets its name from the fact that the obverse shows the face of Paul Kruger, president of the old South African Republic. The reverse depicts a springbok antelope, one of the national symbols of South Africa.