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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).

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