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Air crews issued with Krugerrands, for Op missions?

#1
Hi Guys,
I`ve heard a rumour, that Air Crews are now being issued with Krugerands instead of gold sovereigns, is this true?
 
#2
A number of gold sovereigns were issued to British Military Personnel taking part in Operation Granby as part of the Coalition Forces during the First Gulf War.
Sovereigns provided by the Ministry of Defence and carried by serviceman who, it was thought, might find themselves isolated and in need of bargaining power if confronted by unfriendly forces.
Several sovereigns were used during the war, mainly by RAF crews shot down over enemy territory, SAS soldiers also carried sovereigns, as part of their kit, for use whilst on patrol. But all the un captured coins were returned to the M.O.D at the conclusion of the conflict, having served their purpose.
16,289 pieces were returned during the war, by personal on completion of their missions behind enemy territory.
Military personal carried twenty sovereigns each as part of their survival kit.
 
#3
It certainly sounds credable. I suppose to distances the airmen from the British Government, should they be captured.
The quarter krugerrand is able the same size as a sovereign, but not so readily available. The full ounce coin are very common, but at about £350 a coin it seems a bit of an expensive coin to be issuing on mass, I mean you`d need to have a couple of them, and its not as if your going to get any change, if you were to use them for whatever reason.
 
#4
I was always rather dubious about the thought of having to offer some native of unknown character a gold coin to keep me safe. Thinking that if he wasn't going to keep me safe anyway, he'd probably bop me on the head and take the rest!!
 
#5
Thats a very good point, from what I`ve read these coins have only ever been used at the point of capture, to try and gain a little more chance of not being `bopped on the head`.
 
#7
Doesn't matter what they are, soveregn or kruggerrand, they are still gold.

That is the part that matters.
 
#8
Still_Smiling said:
On Telic the guys I was supporting carried Kruggerands, but on Herrick they're carrying $. It's a lot harder to get them to sign those in!




At last.........many thanks for your reply. Could you tell me if they were the full 1Oz type or the 1/4 Oz type (about the size of a sovereign?)
 
#9
Still_Smiling said:
On Telic the guys I was supporting carried Kruggerands, but on Herrick they're carrying $. It's a lot harder to get them to sign those in!



This is very interesting, I know the MOD sold all there sovereigns, after the first gulf war. Now with these reports coming in of them using krugerrands. How many were they given and which type? There is a big differance in the value of them. I`m very curious to know.
 
#10
chocolate_frog said:
Doesn't matter what they are, soveregn or kruggerrand, they are still gold.

That is the part that matters.


Very true, but I suppose politics plays a big part in it as well. I`d be interested to know how these so called anti-american countries would take to having gold dollars!!!!!!!!!!!!!!
 
#11
modwatchdog said:
Still_Smiling said:
On Telic the guys I was supporting carried Kruggerands, but on Herrick they're carrying $. It's a lot harder to get them to sign those in!




At last.........many thanks for your reply. Could you tell me if they were the full 1Oz type or the 1/4 Oz type (about the size of a sovereign?)










I agree an ounce of gold is worth about £347 a quarter ounce about £80 or £90. I`m assuming that quater ounce coins are being issued, as you say there about the same size as a sov. But I could comment on the dollars, I imagine that there about the size of a full krugerand. But if they are issuing full krugers, where on eart do you put them?
 
#13
During GW1 i was issued 4 or 5 of them smaller ones. I think my flight commander got 7. Also a note that promised another 10k of gold.
 
#14
bigjarofwasps said:
chocolate_frog said:
Doesn't matter what they are, soveregn or kruggerrand, they are still gold.

That is the part that matters.


Very true, but I suppose politics plays a big part in it as well. I`d be interested to know how these so called anti-american countries would take to having gold dollars!!!!!!!!!!!!!!
gold is gold and dollars are welcome everywhere .Even lebanon :D
 
#16
woody said:
bigjarofwasps said:
chocolate_frog said:
Doesn't matter what they are, soveregn or kruggerrand, they are still gold.

That is the part that matters.


Very true, but I suppose politics plays a big part in it as well. I`d be interested to know how these so called anti-american countries would take to having gold dollars!!!!!!!!!!!!!!
gold is gold and dollars are welcome everywhere .Even lebanon :D





Well fingers crossed for when we go in Iran then!!!!!!!!!!!!!!!!!!! :D
 
#17
If I recall it was the biggest one (sorry, can't remember what it was called!) of those in the picture and the guys carried 5 of them. I think they amounted to about £2500 and were wrapped in the E&E maps and then plastic to stop the maps getting covered in sweat (not that it made a difference to the map, I guess it was to stop them stinking out the office!). They would carry them along with their goolie chit in the top pocket of their flying suit. By the time they walked to the jets with everything else they had to carry they were a good couple of stones heavier!
 
#18
Meant to add that it was pretty much our choice what we were going to order, I can't remember there being any direction (then again, there was v little of that for anything!). And this time around, we just had a bit of a cag over what made sense to carry and how much was appropriate and just ordered the cash through the accounts flight.
 
#19
I was a GLO on a GR4 Sqn. In the gulf I had to sign for all of the gold, money & blood chits. All were wrapped into bundles that consisted of:

1 x blood chit (printed on waterproof paper IIRC)
10 x Large Krugerrands (from the picture on the previous page)
$250 or $500 (can't remember, sorry) in $20 bills

With reference to the last, if crews had to divert and didn't take some operating cash with them, then God bless 'em, they'd just pile inot the cash and try to justify it on their return. Some of the packs had mangy $1's, $5's and the like! On our Op, all received the same pack-up which was signed out just prior to flight with their PPW. The Ops Sgt and I spent a whole day at either end of the tour sorting it all out and checking it for audit purposes. We calculted that the safe where it was all kept had in excess of £40,000 in gold alone!!!

Hope this is of help!
 
#20
woksmuggler said:
I was a GLO on a GR4 Sqn. In the gulf I had to sign for all of the gold, money & blood chits. All were wrapped into bundles that consisted of:

1 x blood chit (printed on waterproof paper IIRC)
10 x Large Krugerrands (from the picture on the previous page)
$250 or $500 (can't remember, sorry) in $20 bills

With reference to the last, if crews had to divert and didn't take some operating cash with them, then God bless 'em, they'd just pile inot the cash and try to justify it on their return. Some of the packs had mangy $1's, $5's and the like! On our Op, all received the same pack-up which was signed out just prior to flight with their PPW. The Ops Sgt and I spent a whole day at either end of the tour sorting it all out and checking it for audit purposes. We calculted that the safe where it was all kept had in excess of £40,000 in gold alone!!!

Hope this is of help!





Cheers wok, thats smashing. I suppose 10 full krugers- about £3500, 20 Gold Sovereigns about £2000. With tens years between the two campaigns, I imagine inflation etc, plays a part.
Many thanks for you reply!!!!!!! :D
 

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