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Krugerrand

[kroo-guh-rand, -rahnd] /ˈkru gəˌrænd, -ˌrɑnd/
noun
1.
(sometimes lowercase) a one-ounce gold coin of the Republic of South Africa, equal to 25 rand: first issued in 1967.
Origin
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for Krugerrand

Krugerrand

/ˈkruːɡəˌrænd/
noun
1.
a South African coin used for investment only and containing 1 troy ounce of gold
Word Origin
C20: from S. J. P. Kruger + rand1
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin and History for Krugerrand
n.

also Kruger rand, 1967, South African gold coin (issued for investment purposes) bearing a portrait of Transvaal President Stephanus Johannes Paulus Kruger (1825-1904); second element is rand, unit of decimal currency introduced in Republic of South Africa 1961, named for The Rand, gold-mining area in Transvaal, short for Witwatersrand (see rand).

Online Etymology Dictionary, © 2010 Douglas Harper
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