The coins have legal tender standing in South Africa, although Krugerrands were in no way assigned a rand (ZAR) worth. Krugerrands were designed to derive their value solely through the price of gold at time They're traded. In case the price of gold changes, so does the price of Krugerrands. https://danteoywtp.nizarblog.com/26882804/the-smart-trick-of-krugerrand-gold-coin-worth-that-nobody-is-discussing