Gold Kruggerand Coins Found in a Box of Donated Food

09 Dec 2017  Sat

109 South African Krugerrands were discovered in a box of donated food at a retirement home in Germany called Lindenhof Senior Center in Lurrip.

The highly valuable coins featured South Africa’s national animal – springbok on the reverse. The exchange rate of the Kruggerand is calculated daily based on the price of gold. Introduced in 1967, the coins were used for investment purposes after the end of the gold standard. It became one of the most popular bullion coins in the world. South African sculptor Coert Steynberg created the reverse design. The obverse features Stephanus Johannes Paulus Kruger, who was a 19th-century politician in the Boer-ruled South Africa. After 1991, many symbols of the old, racist South Africa changed, but the Kruggerands’s design remained the same. Other countries like the U.S., Canada, Australia, and China now issue bullion gold coins as well.

The value of Krugerrand is $1,300 currently. The discovered coins were submitted to police who found out that they belonged to a 78-year-old widow. Her late husband had secretly stored these coins.