The South African 1 Rand Gold Coin is a desirable piece among collectors and precious metal investors, introduced in 1961 when South Africa became a republic and the decimal system was adopted. The coin is made from 22-karat gold, which is an alloy of 91.67% gold with the remainder being copper, giving it added durability and a distinct color. The 1 Rand gold coin features the well-known Springbok antelope on one side, which is a national symbol of South Africa, and the portrait of Jan van Riebeeck, a Dutch settler and founder of Cape Town, on the other. These coins are no longer minted for circulation but are sought after as both collectors' items and for their gold content, which is typically 0.1177 troy ounces per coin.
