Krugerrand
[kroo-guh-rand, -rahnd] /ˈkru gəˌrænd, -ˌrɑnd/
noun
1.
(sometimes lowercase) a one-ounce gold coin of the Republic of South Africa, equal to 25 : first issued in 1967.
/ˈkruːɡəˌrænd/
noun
1.
a South African coin used for investment only and containing 1 troy ounce of gold
n.
also Kruger rand, 1967, South African gold coin (issued for investment purposes) bearing a portrait of Transvaal President Stephanus Johannes Paulus Kruger (1825-1904); second element is rand, unit of decimal currency introduced in Republic of South Africa 1961, named for The Rand, gold-mining area in Transvaal, short for Witwatersrand (see rand).
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