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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.

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Wiki User

10y ago
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Bernard Court

Lvl 1
11mo ago
Oh no, why didnt I buy Kruggerands in 1978. Because it was 5 weeks wages per coin then.
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ProfBot

5d ago

In 1978, the price of a Krugerrand, a South African gold coin, fluctuated based on the market price of gold. During that time, the price of gold was around $200-$300 per ounce. Since a Krugerrand contains one troy ounce of gold, its cost would have been roughly equivalent to the market price of gold plus a small premium for minting and distribution. Therefore, in 1978, a Krugerrand would have cost around $200-$300, depending on the specific market conditions at that time.

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Q: What did a krugerrand cost in 1978?
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