It is a popular gold bullion coin similar to the Krugerrand. The Krugerrand is the most widely held gold bullion coin, with in circulation. They were sold to compete with the South African Krugerrand and other bullion coins. The springbok is featured on the reverse of the South African Krugerrand coin. By 1980 the Krugerrand accounted for 90% of the global gold coin market. By 1980, the Krugerrand accounted for 90% of the global gold coin production. On the reverse side of the Krugerrand is a springbok, South Africa's national animal. The word "Krugerrand" is a registered trademark owned by Rand Refinery Limited, of Germiston. The Krugerrand was introduced in 1967 as a vehicle for private ownership of gold. The Krugerrand is in diameter and thick.