- (sometimes lowercase) a one-ounce gold coin of the Republic of South Africa, equal to 25 rand: first issued in 1967.
Origin of Krugerrand
- a South African coin used for investment only and containing 1 troy ounce of gold
Word Origin and History for krugerrand
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).