Krugerrand

Krugerrand

[kroo-guh-rand, -rahnd]
noun
(sometimes lowercase) a one-ounce gold coin of the Republic of South Africa, equal to 25 rand: first issued in 1967.

Origin:
Kruger + rand2

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Krugerrand (ˈkruːɡəˌrænd)
 
n
a South African coin used for investment only and containing 1 troy ounce of gold
 
[C20: from S. J. P. Kruger + rand1]

Collins English Dictionary - Complete & Unabridged 10th Edition
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Word Origin & History

Krugerrand
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.
Online Etymology Dictionary, © 2010 Douglas Harper
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