This year, we celebrate 50 years since the birth of an icon – the South African Krugerrand. In 1967, no one could ever have imagined how that one coin would affect the global coin market and retain its popularity for half a century. Now in its 50th year, the Krugerrand was originally introduced to promote private ownership of gold and by 1980 the Krugerrand accounted for 90% of the global coin market. At present, over 50 million ounces of gold have been sold throughout the world.