South Africa Mint, 2024 South Africa 1/4-oz Gold Oom Paul Press Krugerrand Proof NGC PF70UC First Day of Issue

Description

The very first Krugerrand was struck in 1967 on the minting press affectionately known as the “Oom Paul” press. Manufactured in 1891 and first put into use by the South African Mint in 1892, it’s one of the oldest working coin presses in the world. This iconic press will soon be relocated to the South African Reserve Bank where it will be displayed as a museum piece—but not before it was used one last time to strike a series of gold Krugerrand coins! These historic 2024 dated Krugerrands will be the LAST EVER to be struck on the iconic Oom Paul press, the SAME press that struck the very FIRST Krugerrands!

One-Of-A-Kind Oom Paul Press Privy Mark

Since its introduction nearly 60 years ago, the Krugerrand series minted by the South Africa Mint has maintained the same classic design of former president Paul Kruger on the obverse and a symbolic Springbok antelope on the reverse. Featuring this same design, these 2024 Oom Paul Gold Krugerrands are struck in a quarter ounce of highly pure 91.67% fine 22-karat gold. For these special Oom Paul Press Krugerrands, a one-of-a-kind privy mark has been added to the design just above the Springbok. The privy is so special that the engravers at the South African Mint have hand engraved it into the dye rather than using laser engraving!

Flawless Proofs From Among The First Produced

Although these coins have no face value, they are 1/4 Rand legal tender in South Africa and are redeemable by South Africa’s central bank at the most current melt value of gold. They have also been graded by the Numismatic Guaranty Company (NGC) as being in flawless Proof-70 Ultra Cameo (PF70UC) condition, a distinction that means these perfectly-graded proofs will have ZERO imperfections—showing all features and fields exactly as the engraver and mint intended. In addition, NGC has certified that these proofs are a First Day of Production (FDP) coins, meaning that it was struck on the first day that the mint began striking it. To qualify for First Day of Issue, coins must be received by NGC or an NGC-approved depository accompanied by documentation from the mint that confirms that the coins were struck on the first day of that coin’s production.

Very Limited Availability

In total, only 1,967 of these 2024 South Africa Quarter-Ounce Gold Oom Paul Press Krugerrand Proofs were authorized for worldwide release. When you consider the tens of thousands of people who collect Krugerrands each year, that really amounts to a microscopic mintage.

COIN HIGHLIGHTS:

• STRUCK ON THE LEGENDARY OOM PAUL PRESS – These coins were struck on the legendary “Oom Paul” press—the same press used to strike the very first Krugerrands in 1967. One of the oldest working coin presses in the world, the Oom Paul press will soon be relegated to a museum piece on display at the South African Reserve Bank, meaning these coins will be the LAST EVER to be struck on the iconic press! Each coin will include a one-of-a-kind Oom Paul press privy mark.
• ICONIC KRUGERRAND DESIGN – The Krugerrand’s design has remained unchanged for the entire life of the series. It features former South African president Paul Kruger on one side and a springbok antelope on the other.
• STRUCK IN HIGHLY PURE GOLD – Each 2024-dated Gold Oom Paul Press Krugerrand available in this offer has been struck in a quarter ounce of highly pure 91.7% fine 22 karat gold and measures 22 mm in diameter.
• SOUTH AFRICAN LEGAL TENDER – Although these coins have no face value, they are One Quarter Rand legal tender in South Africa and are redeemable by South Africa’s central bank at the most current melt value of gold.
• PERECT PROOF CONDITION – Your 2024 South Africa Quarter-Ounce Gold Oom Paul Press Krugerrand has been graded by the Numismatic Guaranty Company (NGC) in perfect Proof-70 Ultra Cameo (PF70UC) condition.
• KEY FIRST DAY OF PRODUCTION CERTIFICATION – NGC has certified that this proof is a First Day of Production (FDP) coin, meaning that it was struck on the first day that the mint began striking it.
• LOW LIMITED EDITION – The maximum limited edition for the 2024 South Africa Quarter-Ounce Gold Oom Paul Press Krugerrand Proof has been set at just 1,967 coins.