- 1976 Krugerrand Value Today
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- Current Value Of Krugerrand February 2021
- Krugerrand Value 1978
- Krugerrand Value 2020
South African Krugerrand
Krugerrand value The Krugerrand coin determines its value by its gold content plus a premium that is dictated by market conditions. (Gold Price per ounce). Gold Krugerrands do not appreciate every year. However, Krugerrands have appreciated in the long-term. Since the Vietnam War, they rose from $35 to today's values of well over one thousand dollars. Feb 03, 2021 Krugerrand from the year 1979. Krugerrands are the most popular gold bullion coin in the world and offer a great value way to invest in gold. Krugerrands are 22 karat gold, but weigh more than a troy ounce and therefore contain exactly 1 troy ounce of fine (24 karat) gold.
South African Krugerrand - Gold Coins - Gold Price
Since this is strictly a bullion coin, the 1 oz Gold South African Krugerrand has a value based strictly on gold spot value with a slight premium. These coins, while collectible in their own right, are more of a gold investment coin instead of a collectible coin such as the Canadian Gold Maple Leaf or U.S. American Gold Eagle coins. Mar 09, 2009 The value of a Krugerrand is based upon its gold content plus a premium. Different sizes of Krugerrand fetch different premiums, and price is also affected by such factors such as condition (uncirculated versus circulated) and special preparation, such as proof coins.
The South African Krugerrand is the official gold bullion coin of South Africa, which is the first gold bullion coin in the world minted for investment. The Krugerrand coins were marketed so successfully that they possessed an 89% market share of the entire gold bullion coin industry in the early 1980s. Nowadays, the Krugerrand is a popular coin among the investors and collectors.
South African Krugerrand
South Africa
South African Krugerrand
91.67% Au, 8.33% Cu.
22K
1967–present
None
1 oz, 1/2 oz, 1/4 oz, 1/10 oz.
1976 Krugerrand Value Today
32.77 mm, 27.07 mm, 20.06 mm, 16.55 mm.
Reeded
Description
History of South African Krugerrand
The South African Krugerrand was first introduced in 1967 minted by the South African Mint to offer private individuals an opportunity to own gold. During the 1970s with the great bull market in gold, the Krugerrand became the first selection for investors in the world. Between 1974 and 1985, an estimated 22 million gold Krugerrand coins were imported into the U.S. alone. During the 1970s and 1980s, the Krugerrand was suffered from the economic sanctions to prohibit South Africa from selling Krugerrand in the United States, however, that didn't affect the trading Krugerrand that were already in the U.S. The sanction was ended in 1994. In 1980, the South Africa introduced three smaller coins (1/2 oz, 1/4 oz, and 1/10 oz). By 2008, the Krugerrand coins have been sold with 46 million ounces of gold.
Design of South African Krugerrand
The obverse of the South Africa Krugerrand is the face of Boer statesman Paul Kruger, four-term president of the old South African Republic. The name of gold coin is a compound of 'Kruger' (the man depicted on the obverse) and 'rand', the South African unit of currency. The reverse of Krugerrand is a springbok in the filed, one of the national symbols of the South Africa, which is designed by Coert Steynberg. This design was previously featured on the South African five shilling coin. The country name of 'South Africa' and the gold content are inscribed in both Afrikaans and English on the gold coin.
Face Value & Market Value
The Krugerrand is struck with no face value because it is primarily minted for trading outside South Africa. The market value of Krugerrand is changed based on the price of the world gold market. Each South African Krugerrand's price is the gold spot price of current market plus a premium per coin.
Size Specification
Provided in 1 oz, 1/2 oz, 1/4 oz and 1/10 oz denominations, those coins are 22 karat including 91.67% gold and 8.33% Copper which gives the Krugerrand a more orange appearance than silver-alloyed gold coins. The gold Krugerrand coins are harder and more durable, so they can resist scratches and dents. Below lists detailed information of four sizes specification:
| ROUND | FACE VALUE | DIAMETER | THICKNESS | GOLD CONTENT | TOTAL WEIGHT | GOLD FINENESS |
|---|---|---|---|---|---|---|
| 1/10 oz | None | 16.55mm | 1.350mm | 0.1000 oz | 0.1091 oz | 916.7 |
| 1/4 oz | None | 20.06mm | 1.888mm | 0.2500 oz | 0.2727 oz | 916.7 |
| 1/2 oz | None | 27.07mm | 2.215 mm | 0.5000 oz | 0.5454 oz | 916.7 |
| 1 oz | None | 32.77mm | 2.840mm | 1.0000 oz | 1.0909 oz | 916.7 |
Advantage
Advantage of South African Krugerrand:
1. The South African Krugerrand is the first gold bullion coin in the world minted for investment.
2. The South African Krugerrand is with extremely high liquidity, it is convenient to buy and sell anywhere in the world where the precious metal are traded.
3. The South African Krugerrand is small and exquisite, so that easy to store, or transport.
4. The South African Krugerrand has a high level of recognition in Asia and Europe.
5. The South African Krugerrand is minted in 22 karat gold alloyed with 8.33% copper to make it stand up to the rigors of daily use.
6. The South African Krugerrand owns the classical design which is popular for collectors.
Related Gold Coins
Introduced in 1967, the South Africa Gold Krugerrand became the vehicle for private gold ownership. In the 1970's, its popularity boomed and it was the number one choice of gold investment among collectors and investors. Economic sanctions, due to the apartheid, made the importing of the South Africa Gold Krugerrand illegal but this ended in 1991, when South Africa abandoned the apartheid. The South Africa Gold Krugerrand is 22 karats, 90% pure gold, 10% copper and contains one ounce of pure gold. Only sold in brilliant uncirculated or proof condition, the South Africa Gold Krugerrand will add a nice value to any gold collection.
The South Africa Krugerrand has had a stagnant minting history and collectors are quick to find that the most common dates are from the late 1970's to 1980's. This is because from 1967-69, only 40,000 South Africa Gold Krugerrands were minted each year then that number significantly increases every year after that. By 1978, there were 6 million South Africa Gold Krugerrands being produced and by 1980, this coin reigned 90% of the global gold market. 1980 was also the year the South African Mint decided to add other fractional coins: half, quarter, and tenth ounce.
Design History of South African Krugerrand
The South African Krugerrand's design was constructed by two artists, instead of one. The obverse was designed by Otto Schultz and features the side profile portrait of Paul Kruger. Kruger remains one of the most divisive and well-known political figures from the 19th century. Seated as the 3rd president of the South African Republic, Kruger served for almost 10 years as Commander in Chief. His name was linked to the rand, which is the South African currency, and together make the Krugerrand.
The reverse presents the national animal of the South African Republic: the Springbok antelope. This design was done by Coert Steynberg, featuring the antelope effortlessly galloping through a field. The coin's purity, weight, and year of issue are also engraved on the reverse. The South African Krugerrands were minted with 160 serrations around the edge of the bullion coin and over 200 serrations on the proof coin, resulting in a truly unique coin.
Variations of the South African Krugerrand
The South African Krugerrand began as just a 1 troy oz gold coin but due to extreme demand, smaller increments were introduced in 1980. Four versions: 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz are all still minted today. There were also special edition proof coins minted. The main difference between the proof coins and the bullion is the amount of serrations around the edges.
Sheldon Grading Scale
Dr. William Sheldon was an American psychologist by trade and a numismatist as a hobby. In 1948, Sheldon developed the Sheldon Numeric Scale, which became the foundation of grading and certifying coins. The Sheldon Numeric Scale dictates that a coin's condition can fall between 1 and 70. Before this groundbreaking system, coins were graded mostly by physical appearance and could receive one of three grades.
Certified South African Krugerrands
There are many coin grading agencies out there but only two that are revered worldwide. The Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading Service (PCGS) are two companies that issue coins their grades. These companies not only certify coins, but they also encase the graded coin into an official holder, preserving the coin and marking the holder with its earned grade. This alone has changed the coin collecting game, while also offering a peace of mind for collectors and investors.
When purchasing a Certified South African Krugerrand, there is information provided on the coin holder that is important to know. The first thing to notice is the coin's strike type:
- MS: Short for 'Mint-State;' refers to coins that have never been in circulation and are the same condition as when they were originally produced. Mint State coins will receive a grade ranging from 60-70 on the Sheldon Numeric Scale.
- PF/PR: Abbreviation for 'Proof;' refers to the method of coin manufacture, made for eye appeal among collectors.
- SP: A 'specimen' coin is a combination of strike type (somewhere in the middle of Mint State and Proof).
A Certified American Gold Eagle (or any certified bullion coin) will most likely come in one of two grades:
- MS/PF70: Bullion coins that have kept their original mint luster and contain zero post production flaws.
- MS/PF69: Bullion coins that contain 2 or less minute imperfections but still carry their original mint luster.
Other certification terms often used for bullion coins:
- First Strike: PCGS term designates coins that have been certified within the first 30 days of production by the contributing mint.
- Early Release: NGC term designates coins that have been certified within the first 30 days of production by the contributing mint.
- UCAM/DCAM: Shortened for Ultra-Cameo and Deep-Cameo, these terms refer to the coin's visual brilliance that is apparent on the surface by an unyielding, frosted finish and a deeply mirrored background luster.
Design History of South African Krugerrand
The South African Krugerrand's design was constructed by two artists, instead of one. The obverse was designed by Otto Schultz and features the side profile portrait of Paul Kruger. Kruger remains one of the most divisive and well-known political figures from the 19th century. Seated as the 3rd president of the South African Republic, Kruger served for almost 10 years as Commander in Chief. His name was linked to the rand, which is the South African currency, and together make the Krugerrand.
The reverse presents the national animal of the South African Republic: the Springbok antelope. This design was done by Coert Steynberg, featuring the antelope effortlessly galloping through a field. The coin's purity, weight, and year of issue are also engraved on the reverse. The South African Krugerrands were minted with 160 serrations around the edge of the bullion coin and over 200 serrations on the proof coin, resulting in a truly unique coin.
Variations of the South African Krugerrand
The South African Krugerrand began as just a 1 troy oz gold coin but due to extreme demand, smaller increments were introduced in 1980. Four versions: 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz are all still minted today. There were also special edition proof coins minted. The main difference between the proof coins and the bullion is the amount of serrations around the edges.
Sheldon Grading Scale
Cached
Dr. William Sheldon was an American psychologist by trade and a numismatist as a hobby. In 1948, Sheldon developed the Sheldon Numeric Scale, which became the foundation of grading and certifying coins. The Sheldon Numeric Scale dictates that a coin's condition can fall between 1 and 70. Before this groundbreaking system, coins were graded mostly by physical appearance and could receive one of three grades.
Certified South African Krugerrands
There are many coin grading agencies out there but only two that are revered worldwide. The Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading Service (PCGS) are two companies that issue coins their grades. These companies not only certify coins, but they also encase the graded coin into an official holder, preserving the coin and marking the holder with its earned grade. This alone has changed the coin collecting game, while also offering a peace of mind for collectors and investors.
When purchasing a Certified South African Krugerrand, there is information provided on the coin holder that is important to know. The first thing to notice is the coin's strike type:
Current Value Of Krugerrand February 2021
- MS: Short for 'Mint-State;' refers to coins that have never been in circulation and are the same condition as when they were originally produced. Mint State coins will receive a grade ranging from 60-70 on the Sheldon Numeric Scale.
- PF/PR: Abbreviation for 'Proof;' refers to the method of coin manufacture, made for eye appeal among collectors.
- SP: A 'specimen' coin is a combination of strike type (somewhere in the middle of Mint State and Proof).
Krugerrand Value 1978
A Certified American Gold Eagle (or any certified bullion coin) will most likely come in one of two grades:
- MS/PF70: Bullion coins that have kept their original mint luster and contain zero post production flaws.
- MS/PF69: Bullion coins that contain 2 or less minute imperfections but still carry their original mint luster.
Other certification terms often used for bullion coins:
- First Strike: PCGS term designates coins that have been certified within the first 30 days of production by the contributing mint.
- Early Release: NGC term designates coins that have been certified within the first 30 days of production by the contributing mint.
- UCAM/DCAM: Shortened for Ultra-Cameo and Deep-Cameo, these terms refer to the coin's visual brilliance that is apparent on the surface by an unyielding, frosted finish and a deeply mirrored background luster.
Krugerrand Value 2020
- Uncirculated South African Gold Krugerrands
- Proof South African Gold Krugerrands
- Certified South African Gold Krugerrands
- South African Gold Krugerrand Coin Sets