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krugerrands

 

Definitions from the Web

Krugerrands

Description:

Krugerrands refer to a popular type of gold bullion coin that was first minted in South Africa in 1967. They are made of 22 karat gold and feature a portrait of former South African President Paul Kruger on one side, hence the name 'Krugerrands'.

Senses:

  1. Noun: A gold coin that is minted in South Africa.

Usages:

  1. Popular Usage: Krugerrands have become a favored investment choice for many individuals due to their high gold content and global recognition.
  2. Local Usage: In South Africa, Krugerrands are not only viewed as a form of investment but also hold cultural significance.

Sample Sentences:

  • Investors often buy Krugerrands as a hedge against inflation.
  • He inherited a collection of Krugerrands from his grandfather, which he plans to sell.

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