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20 Kwacha Krugerrand
| Issuer | Malawi |
|---|---|
| Year | 2011 |
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| Composition | Log in to see details |
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| Diameter | 11 mm |
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| Obverse description | The national coat of arms of Malawi occupies the central field, depicting a shield supported by a lion and a leopard, with a rising sun above the shield and waves below, rendered in fine relief. The legend REPUBLIC OF MALAWI arcs along the upper periphery in raised Latin lettering, while the denomination 20 KWACHA appears in the lower field beneath the arms. The design is neatly contained within a plain border, consistent with the miniature format of this small gold issue. |
|---|---|
| Obverse script | Latin |
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| Additional information |
Malawi has issued a long series of fractional gold coins bearing the Krugerrand design under licensing arrangements — a practice that commoditizes one of South Africa's most recognized bullion formats into tiny denominations aimed squarely at the gift and novelty market rather than serious bullion investment. At 0.5 g of five-nines gold, the actual metal value has historically hovered well below retail price, meaning buyers pay a steep premium over spot from the outset.
The .99999 fineness is notable — finer than the original South African Krugerrand, which is struck in 22-karat alloy.