Krugerrand South
Krugerrand South
The African Gold Krugerrand
In 1967, the government of South Africa minted the gold krugerrand to increase the marketing of South African gold. Although the krugerrand is considered as legal currency, it is seldom used for that purpose. Instead, it has become a favorite of coin collectors all over the world, known as “medal coins.” This was the first coin to be valued at the monetary value of gold. For example, a U.S. silver dollar is worth exactly one dollar unless it is unusual in some way that makes it more valuable to collectors. The krugerrand was originally a one-ounce piece of 22 carat gold with no monetary value imprinted on it; its value is based upon the market value of gold that frequently fluctuates. Today krugerrands are made in a variety of weights, including half-ounce, quarter-ounce and one-tenth ounce. Since the krugerrand is considered to be a form of gold bullion, it was once illegal for American citizens to own them privately. But when the South African government declared them as legal tender, that prohibition ceased. Still, because of the practice of apartheid in South Africa, many Western countries made them illegal to import until South African political changes occurred in 1990-1994. An executive order to this effect was signed into law by President Ronald Reagan.
The krugerrand is easily identified by its picture of Paul Kruger on one side, a Boer resistance leader and four-term President of South Africa. On the other side is a picture of a springbok antelope, one of the national South African symbols. The words “South Africa” and the krugerrand’s gold weight are printed on the coins both in English and Afrikaans.
Buying krugerrands is like investing in any other type of gold. For instance, if you invested in purchasing several krugerrands in the 1980’s, the market value of gold was around $600 per ounce. When gold prices jumped in early 2008, gold ounces sold for around $1,000 per ounce. Your krugerrands, then, will fluctuate in value as gold does. Coin and gold dealers/owners must watch gold prices closely, and decide if it’s time to sell their krugerrands or hold them, anticipating a higher price.
A word of caution: in the 1980’s a silver so-called krugerrand was minted by an unknown source. On these coins, there is no mention of South Africa, and the name on one side of them is Stefans Johannes Kruger. The other side shows the springbok antelope and the words “one troy ounce fine silver.” These are not actual krugerrands since this name is a legal trademark. Collectors are urged to refrain from buying these coins.
The South African krugerrand was the prototype model for other one-ounce coins like the Canadian Gold Maple Leaf, the Australian Nugget, and the United States Golden Eagle.
About the Author
Ben Harmon has been collecting Krugerrands since his grandfather first gave him one when he was eight years old. You can read more about this fascinating coin at Gold Krugerrand Ferret, and you can even pick one up at the krugerrand auction.
Gold South African Krugerrands | APMEX
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10 1 oz Gold KRUGERRAND South Africa Gem BU Brilliant Uncirculated bullion coins $17,299.00 |
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10 – 1oz. SOUTH AFRICAN GOLD KRUGERRAND BULLION COINS $17,117.71 |
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1992 SOUTH AFRICA PRESTIGE KRUGERRAND GOLD PROOF 4 COIN WOODEN BOX RARE $12,999.95 |
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(5) 1978 SOUTH AFRICA KRUGERRAND 1 OZ FINE GOLD COINS BULLION COIN FREE SHIPPING $10,000.00 |
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5 – 1oz. SOUTH AFRICAN GOLD KRUGERRAND BULLION COINS $8,692.23 |
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(5) 1975 SOUTH AFRICA KRUGERRAND 1 OZ FINE GOLD COINS BULLION COIN FREE SHIPPING $8,500.00 |
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2007 SOUTH AFRICA GOLD PROOF FULL KRUGERRAND 1oz COIN PCGS PR70 DCAM – POP 1 $6,299.95 |
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2006 SOUTH AFRICA PRESTIGE EDWARD VII KRUGERRAND GOLD PROOF 4 COIN BOX CERT 1 $5,999.95 |
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2010 SOUTH AFRICA KRUGERRAND 4 COIN 1.85 OZ SET NGC PF 70 ULTRA CAMEO 1ST STRIKE $5,995.00 |
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2006 SOUTH AFRICA PRESTIGE OTTO SCHULTZ MINTMARK KRUGERRAND GOLD PROOF 4 COIN $5,299.95 |
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2005 SOUTH AFRICA FIRST STRIKE KRUGERRAND GOLD PROOF 4 COIN BOX COA $4,999.95 |
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2002 SOUTH AFRICA PRESTIGE KRUGERRAND 35TH ANNIV GOLD PROOF 4 COIN BOX COA $4,999.95 |
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1998 SOUTH AFRICA PRESTIGE KRUGERRAND GOLD PROOF 4 COIN BOX COA $4,999.95 |
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2008 SOUTH AFRICA PRESTIGE KRUGERRAND GOLD PROOF 4 COIN BOX COA $4,899.95 |
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2008 SOUTH AFRICA 1 OZ KRUGERRAND NGC PF 70 ULTRA CAMEO 110th KNP ANNIVERSARY $4,500.00 |
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1997 SOUTH AFRICA GOLD 4 COIN 30TH ANNIVERSARY KRUGERRAND SET NGC PROOF 69/70 UC $4,500.00 |
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2008 SOUTH AFRICA 1 OZ KRUGERRAND NGC PF 70 ULTRA CAMEO ONE OF FIRST 300 STRUCK $4,150.00 |
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SOUTH AFRICA 1983 1 OZ Gold Krugerrand 14K Bezel Chain $3,749.95 |
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South Africa 2005 Certified Krugerrand Proof Gold Set Box + COA 1.85 oz. $3,744.00 |
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1994 SOUTH AFRICA GOLD PROOF FULL KRUGERRAND 1oz COIN PCGS PR69 DCAM – POP 2 $3,599.95 |
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South Africa 1980 Proof Krugerrand 1/4oz NGC PF68 RRR $3,500.00 |
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South Africa 2006 KRUGERRAND Proof Set 20 Year Anniversary 4 pc. Box + Certif. $3,399.00 |
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SOUTH AFRICA 40TH ANNIVERSARY 2007 GOLD KRUGERRAND 4-PIECE PROOF SET W/BOX $3,347.45 |
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Two 1OZ 1976 KRUGERRAND SOUTH AFRICA GOLD COINs, one day only $3,300.00 |
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2008 SOUTH AFRICA GOLD PROOF FULL KRUGERRAND 1oz COIN PCGS PR69 DCAM $3,299.95 |
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2005 SOUTH AFRICA GOLD PROOF FULL KRUGERRAND 1oz COIN PCGS PR69 DCAM $3,299.95 |
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1993 SOUTH AFRICA GOLD PROOF FULL KRUGERRAND 1oz COIN PCGS PR69 DCAM – POP 1 $3,299.95 |
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2005 SOUTH AFRICA FIRST STRIKE GOLD PROOF FULL KRUGERRAND 1oz COIN $3,229.95 |
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South Africa Krugerrand Gold 2009 $3,229.00 |
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2002 SOUTH AFRICA GOLD PROOF FULL KRUGERRAND 1oz COIN PCGS PR69 DCAM $3,199.95 |
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1978 SOUTH AFRICA GOLD PROOF FULL KRUGERRAND 1oz COIN $3,099.95 |
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1984 SOUTH AFRICA GOLD PROOF FULL KRUGERRAND 1oz COIN $3,099.95 |
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1975 South Africa Gold Krugerrand, 1 Oz. Proof Coin $2,995.00 |
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1997 SOUTH AFRICA GOLD PROOF 30TH ANNIV MINTMARK KRUGERRAND 1/2oz COIN NGC PF70 $2,849.95 |
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2001 SOUTH AFRICA GOLD PROOF FULL KRUGERRAND 1oz COIN BOX COA $2,849.95 |
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*** 1 oz South African Krugerrand Gold $2,599.95 |
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1977 KRUGERRAND PROOF 1 oz Fine Gold South African bullion coin in Original box $2,395.00 |
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1990 South Africa Krugerrand 1 oz Gold Coin $2,300.00 |
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1975 South Africa 1 oz. Krugerrand WTC Ground Zero Recovery Gem Unc PCGS $2,299.00 |
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1976 South Africa Gold Krugerrand NGC Proof 67 Ultra Cameo $2,215.00 |
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1979 South Africa Krugerrand 1 oz Gold Coin PCGS PR68 DCAM $2,200.00 |
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KRUGERRAND FINE PURE GOLD 1 OUNCE SOUTH AFRICA C1978- OR :1977-1976 $2,200.00 |
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1999 GOLD SOUTH AFRICA 1 OZ KRUGERRAND COIN NGC PROOF 68 UC ONLY 2,787 MINTED $2,150.00 |
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1981 Uncirculated Gold South Africa Krugerrand $2,100.00 |
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1981 Uncirculated Gold South Africa Krugerrand $2,100.00 |
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1981 Uncirculated Gold South Africa Krugerrand $2,100.00 |
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ONE 0Z FINE GOLD KRUGERRAND SOUTH AFRICA COIN $2,080.00 |
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1OZ SOUTH AFRICA GOLD KRUGERRAND $2,025.00 |
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1977 South Africa Gold Krugerrand , 1 OZ FINE GOLD $1,999.99 |
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1978 GOLD 1 TROY OUNCE KRUGERRAND 24KT SOUTH AFRICA COIN BUILLON GOOD CONDITION $1,875.00 |
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South African Uncirculated 1oz Gold Krugerrand $1,869.23 |
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22K Yellow Gold Krugerrand South 1983 Africa Coin $1,850.00 |
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2008 SOUTH AFRICA KRUGER PARK GOLD PROOF HALF KRUGERRAND 1/2oz COIN PF69 $1,804.95 |
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SOUTH AFRICA 1981 ONE OUNCE PROOF KRUGERRAND GOLD COIN AS SHOWN W/BOX $1,802.45 |
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SOUTH AFRICA 1985 ONE OUNCE PROOF KRUGERRAND GOLD COIN AS SHOWN W/BOX $1,802.45 |
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SOUTH AFRICA 1978 KRUGERRAND 1 OUNCE PURE GOLD COIN GREAT CONDITION COLLECTABLE $1,799.00 |
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SOUTH AFRICA 2005 TREASURES OF AFRICA 1-OZ PROOF KRUGERRAND GOLD COIN SET $1,781.85 |
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South Africa Gold Krugerrand, 1977 Bullion Coin LOWEST PRICE ON EBAY !! LOOK $1,757.50 |
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1 oz gold krugerrand South African 22ct coin $1,738.77 |
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1983 KRUGERRAND SOUTH AFRICA 1OZ FINE GOLD BULLION COIN $1,699.99 |
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2008 SOUTH AFRICA 1/2 OZ KRUGERRAND NGC PF 70 ULTRA CAMEO $1,699.00 |
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1978 South Africa Krugerrand 1oz Fine Gold Coin $1,675.01 |
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1978 South Africa Krugerrand 1-oz Gold Coin $1,675.00 |
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One 1975 South African Krugerrand 1 oz. Gold Coin $1,650.00 |
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1982 SOUTH AFRICAN KRUGERRAND 1 OZ PURE GOLD $1,600.00 |
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2001 South Africa Gold Krugerrand, 1/2 Oz. Proof Coin $1,569.75 |
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2008 SOUTH AFRICA GOLD PROOF HALF KRUGERRAND 1/2oz COIN PCGS PR69 DCAM $1,567.45 |
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2007 SOUTH AFRICA GOLD PROOF HALF KRUGERRAND 1/2oz COIN PCGS PR69 DCAM $1,567.45 |
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2000 SOUTH AFRICA GOLD PROOF HALF KRUGERRAND 1/2oz COIN NGC PF69 $1,519.95 |
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South Africa Gold Krugerrand, 1979 Bullion $1,500.00 |
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*** 1/2 oz South African Krugerrand Gold $1,499.95 |
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1997 SOUTH AFRICA 30TH ANNIV MINTMARK GOLD PROOF KRUGERRAND 1/4oz COIN NGC PF70 $1,424.95 |
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ESTATE SALE AUTHENTIC GOLD MENS RING W/KRUGERRAND 18CT 14.3g SOUTH AFRICA SOLID $1,400.00 |
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1980 SOUTH AFRICA GOLD KRUGERRAND 1/2 OZ. BULLION $1,177.00 |
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1981 Uncirculated 1/2 Krugerrand South Africa Gold Coin $1,100.00 |
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1980 1/2 Oz. South African Krugerrand Gold Bullion Coin Beautiful $1,029.99 |
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2008 SOUTH AFRICA GOLD PROOF QUARTER KRUGERRAND 1/4oz COIN PCGS PR69 DCAM $949.95 |
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2007 SOUTH AFRICA GOLD PROOF QUARTER KRUGERRAND 1/4oz COIN PCGS PR69 DCAM $949.95 |
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2005 SOUTH AFRICA GOLD PROOF QUARTER KRUGERRAND 1/4oz COIN PCGS PR69 DCAM $949.95 |
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2007 SOUTH AFRICA 40TH ANNIV GOLD PROOF QUARTER KRUGERRAND 1/4oz COIN BOX COA $902.45 |
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SOUTH AFRICA 1981 1/2 OUNCE PROOF KRUGERRAND GOLD COIN AS SHOWN W/BOX $890.90 |
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SOUTH AFRICA 1984 1/2 OUNCE KRUGERRAND GOLD COIN AS SHOWN $890.90 |
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SOUTH AFRICA 1982 1/2 OUNCE KRUGERRAND GOLD COIN AS SHOWN $890.90 |
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SOUTH AFRICA 1981 1/2 OUNCE KRUGERRAND GOLD COIN AS SHOWN $890.90 |
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SOUTH AFRICA 1980 1/2 OUNCE KRUGERRAND GOLD COIN AS SHOWN $890.90 |
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2000 1/10 oz Proof Gold South African Krugerrand The gold content of this proof is 0.10 of an ounce. The maximum mintage is 4,000. Check www.APMEX.com for up to the minute pricing…. |
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2000 1/4 oz Proof Gold South African Krugerrand The gold content of this proof is 0.2500 of an ounce. Mintage of just 2,000!Check www.APMEX.com for up to the minute pricing…. |
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Certified South Africa Krugerrand Quarter Ounce 2000 PCGS WTC Ground Zero Recovery Golden Eagle Coins specializes in a wide variety of Gold & Silver Bullion Products. Our large inventory caters to both the Bullion Investor as well as the collector. We offer every date and size of American Gold & Silver Eagles and carry large quantities of Canadian Maple Leafs, Krugerrands & Silver Bars. Feel free to use our site for all your indications of the Gold & Silver market. Our quotes co… |
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S100, the simplified system for evaluation of proof Krugerrands … |
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