The South African Coin is composed of two parts: the Krugerrand (10 letters) and the Rand (4 letters). The Krugerrand is a gold coin that was first minted in 1967 by the South African Mint to help market South African gold. It was the first modern bullion coin and is still one of the most popular coins for investment purposes. The Rand is the official currency of South Africa, and it is divided into 100 cents. It was introduced in 1961 and is named after the famous South African statesman, Paul Kruger.