The 1 oz Gold South African Krugerrand is minted in 22 karat gold (.9167 fine) by the South African Mint Company. Alloyed with copper for exceptional wear-resistance, the coin has a beautiful rose-tinted hue. First minted in 1967, the Krugerrand was, for many years, the only bullion gold available in the market. The Krugerrand was also the first coin to contain one ounce of fine gold and that is intended to be a tool for the legal ownership of gold by individuals. In particular, the fact that the Krugerrand was a legal tender, allowed US citizens to legally own it because at that time the US law prohibiting the possession of gold bullion but allowed to foreign gold coins.