what is value of a south African 1978 fine gold Krugerrand coin
Even if Krugerrand value is closely linked to the value of gold, Krugerrands are worth more as coins, since they are sold with a premium (3% and more) over the gold price. Specially proof Krugerrand coins that have a collector value are worth much more than the gold they are made of. Older bullion Krugerrands may also increase in their collector value.
Gold was worth an average 193 dollars in 1978. A South African gold krugerrand was and is worth about 10 percent more that the present price of gold. A krugerrand in 1978 would have been worth about 212 dollars.
The Krugerrand coin was minted in 1967 making the earliest coins about 44 years old.
is a 1973 krugerrand any more valuable than other krugerrands
The Krugerrand is a bullion coin containing exactly 1 troy oz. of pure gold alloyed with 8.33% copper (22 karat). Krugerrands have some, but little, numismatic value (added value due to the condition or rarity of a coin). Generally, they are worth about what the spot price for gold is at the moment. The buy price is generally 2 or 3 percent higher than spot when buying from a dealer. A dealer will probably offer you 2 or 3 percent below spot to buy the coins from you. There are many web sites that display the spot price of gold in real time. See Related Link, below.
The coin is still only face value.
The coin is face value.
The value of a 1974 Krugerrand can vary depending on factors such as condition and current gold prices. As of 2021, a 1 oz 1974 Krugerrand could be worth around its gold melt value or more to collectors for its numismatic value. It's best to check with reputable coin dealers or online marketplaces for the most accurate valuation.
A gold coin minted in South Africa that typically sells for a higher prices than the market value of the gold it contains.
Krugerrand
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