When thinking of the term “gold standard,” the South African Krugerrand gold coin should come to mind. The first modern government-issued gold coin, the Krugerrand gold coin is considered one of the most widely collected gold coin in circulation. The one side of the Krugerrand gold coin, designed by Otto Schultz, features the profile of Paul Kruger, the last president of the Republic of South Africa, for whom the coin is named. The other side of the Krugerrand gold coin, designed by Coert Steynberg, depicts the springbok, South Africa’s national symbol. With more than 46 million ounce sold, the 1/2 troy ounce Krugerrand gold coin measures 27.07 mm in diameter and sets the standard for collectors of gold bullion coins.