Editing Krugerrand (section)

==History==
[[File:2022 South Africa 1 oz Silver Krugerrand Obverse.jpg|thumb|2022 South Africa 1 oz silver Krugerrand obverse]]
The Krugerrand was introduced in 1967 as a vehicle for private ownership of gold. It was minted in a [[crown gold|copper-gold alloy]] more durable than pure gold. By 1980, the Krugerrand accounted for 90% of the global gold coin market.<ref>{{cite news | title = Crazy as a Gold Bug | author = Tom Bethell | work = New York | date = 4 February 1980 | volume = 13 | issue = 5 | page = 34 | publisher = New York Media | url = https://books.google.com/books?id=6OUCAAAAMBAJ&pg=PA34 }}</ref> That year, South Africa introduced three smaller coins containing {{convert|1/2|,|1/4|, and|1/10|ozt|g|lk=on}} of gold.<ref>{{cite web |url = http://www.samint.co.za/index.php?option=com_content&view=article&id=111&Itemid=122 |title = 2010 Krugerrand Series |year = 2010 |work = www.samint.co.za |publisher = The South African Mint Company |location = South Africa |access-date =30 July 2011 }}</ref>

Economic sanctions against South Africa for its policy of [[apartheid]] made the Krugerrand an illegal import in many Western countries during the 1970s and 1980s, with the [[United States]],  which had historically been the largest market for the coin, banning imports in 1985: the previous year, over [[United States dollar|US$]]600 million of Krugerrands had been marketed in the country.<ref name=":3" />

Most of these sanctions were removed in 1991 after the South African government took steps to end its apartheid policies.<ref>{{Cite book | title = Yearbook of the United Nations | edition = Volume 45 | year = 1991 | publisher = United Nations | pages = 114 |oclc = 1768016 }}</ref><ref>{{Google books|BTdmYFgvyi0C|Yearbook of the United Nations, Volume 45|page=114}}</ref><ref>{{cite web |url = http://www.morganlewis.com/pubs/374AF2F4-613C-4CCF-9FCB1D5813BBDD0D_Publication.pdf |title = Most South African Sanctions Lifted: ML&B White Paper - Morgan Lewis |year = 1991 |work = www.morganlewis.com |publisher = Morgan, Lewis & Bockius LLP |location = Philadelphia, PA |page = Page 2 |access-date = 30 July 2011 |archive-url = https://web.archive.org/web/20110929013616/http://www.morganlewis.com/pubs/374AF2F4-613C-4CCF-9FCB1D5813BBDD0D_Publication.pdf |archive-date = 29 September 2011 |url-status = dead }}</ref><ref>{{Cite news|last=Friedman|first=Thomas L.|date=1991-07-11|title=Bush Lifts a Ban on Economic Ties to South Africa|language=en-US|work=The New York Times|url=https://www.nytimes.com/1991/07/11/world/bush-lifts-a-ban-on-economic-ties-to-south-africa.html|access-date=2020-05-01|issn=0362-4331}}</ref> The South African government still found creative ways to circumvent the sanctions.

Over 50 million ounces of gold Krugerrand coins have been sold since production started in 1967.<ref name=":0">{{Cite web|url=http://www.silverseek.com/commentary/global-interest-silver-investment-expands-south-africa-adds-new-silver-krugerrand-16066|title=Global Interest In Silver Investment Expands As South Africa Adds New Silver Krugerrand|website=SilverSeek.com|access-date=12 November 2016}}</ref>