The Krugerrand (is a South African gold coin, first minted in 1967 to help market South African gold and produced by the South African Mint. By 1980 the Krugerrand accounted for 90% of the global gold coin market. The name itself is a compound of “Kruger” and “rand”, the South African unit of currency. During the 1970s and 1980s some countries forbade import of the Krugerrand because of the association with the apartheid government of South Africa.