Was the coin ever banned from import?
South African Gold Krugerrand
Gold Bullion Coins and Bars
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Open Mar 13, 2025 - 11:01 AM
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Answer
Mar 13, 2025 - 11:01 AM
Yes, the gold krugerrand was banned from import into the U.S. in 1984 as part of economic sanctions on South Africa. This historical context highlights the coin's geopolitical significance and its impact on global trade.
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South African Gold Krugerrand
The first South African Gold Krugerrands were minted in 1967 as a gold bullion coins, the value of which was based upon the international spot price of the metal. The concept of a one ounce gold coin tied to spot gold's fluctuations quickly caught on. Nearly 50 million have been minted since 196...
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