The Krugerrand is the most widely owned bullion coin in the world with over 46 million ounces in circulation since its inception in 1967. It features the symbol of South Africa, the lithe and graceful Springbok antelope, on the reverse side. The obverse of the Krugerrand features Paul Kruger, the last president of the South African Republic. The South African Krugerrand was the first modern government-issued gold bullion coin. It’s marketing campaigns during the 1970’s and 1980’s paved the way for its popularity among the gold bullion coins of today.