The first ever one-ounce bullion coin was produced, in gold, by the South Africans in 1967.
The Krugerrand was born.
Since then, the Krugerrand has gone on to be the world’s best-selling gold coin of all time. More popular in some countries than others, it has however maintained its top place in any conversation about methods of investing in physical gold bullion.
Before this you could only buy a one-ounce gold bar. No round version of a one-ounce gold coin existed.