The Krugerrand is a gold coin first minted in South Africa in 1967. It was created to promote the country's gold industry and is made of 91.67% gold, with the remainder being copper. The coin features the profile of Paul Kruger, a former president of the South African Republic, on one side and a springbok antelope on the other. The Krugerrand was the first gold coin to contain one ounce of gold and has become a popular investment choice for individuals and collectors. Its value is primarily based on the current market price of gold, making it a reliable way to invest in precious metals.