Go for the gold … a Krugerrand, to be exact
Go for the gold ... a Krugerrand, to be exact
By news release Raffle tickets are available to win a 1978 one-ounce gold Krugerrand through The Love Doctors Charities website: www.LoveDoctors.org. The coin, donated by Mr. and Mrs. Neil Manning, is valued at more than $ 1600 and tickets may be ...
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The Krugerrand is a South African gold coin, first minted in 1967 to help market South African gold. The coin proved popular, and by 1980 the Krugerrand accounted for 90% of the gold coin market. It is produced by the South African Mint, and offered in one ounce, a half ounce, a quarter ounce and a tenth ounce of actual gold weight. The Krugerrand was introduced in 1967, as a vehicle for private ownership of gold. It was actually intended to circulate as currency. Therefore it was minted in a more durable gold alloy, unlike most other bullion coins. he Krugerrand is 32.6 mm in diameter and 2.74 mm thick. The Krugerrand's actual weight is 1.0909 troy ounces (33.93 g). It is minted from gold alloy that is 91.67% pure (22 karats), so the coin contains one troy ounce (31.1035 g) of gold. The remaining 8.33% of the coin's weight (2.826 g) is copper (an alloy known historically as crown gold which has long been used for English gold sovereigns), which gives the Krugerrand a more orange appearance than silver-alloyed gold coins. Copper alloy coins are harder and more durable, so they can resist scratches and dents. The Krugerrand is so named because the obverse bears the face of Boer statesman Paul Kruger, four-term president of the old South African Republic. The reverse depicts a springbok, one of the national symbols of South Africa. The image was designed by Coert Steynberg, and was previously used on the reverse of the earlier South African five shilling coin. The name ...
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Krugerrand 1/2oz 1997 30th Anniversary?
Question by Lance G: Krugerrand 1/2oz 1997 30th Anniversary?
I would like to know what the value is . This coin is rear but people have valued it £1,100.00 . Coin dealers go on and on about this coin and the primark . But yet value is not that much greater then the gold price itself ? Its doubled in the 10 years I have had the coin . But can any one tell me if £1,100.00 seems right for such a coin.
Best answer:
Answer by exactduke
Krugerrand's are bullion coins. They are worth no more than what gold is worth. I know, I have half a dozen of these - 1 ounce, from the 70's.
Rare coins are almost always minted by governments.
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Now on eBay:
South Africa Gold Krugerrand, 1975 Bullion
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1997 SOUTH AFRICA GOLD 4 COIN 30TH ANNIVERSARY KRUGERRAND SET NGC PROOF 69/70 UC
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