1. Home
  2. Coin Buyers
  3. Krugerrand Gold Coin Value

Krugerrand Gold Coin Value

A Krugerrand is a South African gold coin whose mintage began in 1967 and continues on into the present day. Krugerrands are available in 1oz, 1/2oz, 1/4oz and 1/10oz sizes. A Krugerrand is considered legal tender in South Africa. Krugerrands are 91.67% gold with the remaining weight being copper.

In the 1970’s and 80’s, the Krugerrand was illegal to import into many countries in the Western Hemisphere, due to the Apartheid movement, but despite this, the Krugerrand made up 90% of the world gold coin market by 1980. Between the years 1974 and 1985, it is estimated that 22 million gold Krugerrand coins were imported to the United States.

The Krugerrand was a huge success, and many other countries soon minted their own gold coins. The Canadian Gold Maple Leaf debuted in 1979, followed by the Australian Nugget in 1981, the Chinese Gold Panda in 1982, the American Gold Eagle in 1986, and the British Britannia in 1987. None of these coins would exist if the Krugerrand hadn’t seen such a massive popularity.

Private mints have even tried to copy the style of the Krugerrand, some depicting the image of Paul Kruger and even of the springbok antelope, while some attempt the steal the design of the Krugerrand completely, just altering the description on the Krugerrand coin. The South African Mint has nothing to do with the manufacture of these fake Krugerrands, and they therefor have no legal tender status, unlike the true South African Krugerrand.

A 1oz Krugerrand is 32.77mm in diameter and 2.84mm thick. The Krugerrand features the face of Paul Kruger on the obverse. Paul Kruger was a 4 term president of the South African Republic, and the work Krugerrand comes from his last name. The reverse of the Krugerrand features a springbok antelope, and bears the inscription “Krugerrand fynegold 1oz fine gold”.

The South African Mint Company produces both standard Krugerrands and a proof version of the Krugerrand gold coin. The proof Krugerrand has a mirror finish and is available in smaller quantities than the standard Krugerrand. Proof Krugerrands can also be distinguished by the number of serrations on the edge of the coin, it has 220 compared to the non-proof Krugerrand, which only has 160 serrations.

The Salvation Army has been receiving gold Krugerrand coins in their collection buckets, donated by an anonymous benefactor or benefactors in several cities, including Atlanta, Seattle and Fargo, ND. Krugerrand coins have long been a very popular way to buy and sell gold coins, and are one of the easiest to recognize gold coins on the market today.

OUR

LOCATION

East Flamingo

Monday – Friday: 9:30 am – 4:30 pm
Saturday and Sunday: Closed

WHY CHOOSE US?

READ OUR REVIEWS

Always a good experience here! Definitely the place in town I enjoy buying coins from, and I’d recommend them to anybody. Helpful staff, reasonable prices, and wide selection.

Daniel B.

Staff was friendly, knowledgeable, and responsive. Building had great security to helped me feel safe in handling my items.

What inspired me to go to NV Coin and Jewelry was I was an ad on the TV for the shop. I was not too sure about going to NV Coin and Jewelry to sell my jewelry because I have been to many other pawn shops but haven’t found a good deal for my jewelry. After I went to Nevada Coin and Jewelry it was a big relief for me selling my jewelry for a good price.

Bubba

We were really pleased with the help that AJ gave us concering our gold coins and watches. I don’t think we could have received a better deal anywhere. All of the personnel at Nevada Coin & Jewelry were very professional. We will recommend them to our friends.

Dean & Judy

Wonderful experience, Nick and Laura made it seamless and stress free. Thank you! They also sell super cool items!!

Grateful for the Nevada Coin and Jewelry shop, I just adore it. I took some collectable figurines in and they bought them. I came out smelling like a rose. You should’ve been there to see the big smile on my face. I ran all the way home to look for some more. Can’t wait to get back! I can sure use the money!

Brenda

After visiting a couple of the “traveling gold & silver merchants” who came to Mesquite, I made a call to Nevada Coin & Jewelry in Las Vegas… David was very helpful and professional. Their prices were the best I had seen… I left very satisfied with my trip and the deals we made. I will definitely go there again.

Carol R.

This dealer was beyond excellent in all respects! No low-ball games, no fooling around. These people are honest, and the transaction was handled smoothly with complete transparency. I will definitely recommend Nevada Coin & Jewelry to everybody I know!

Richard C.

Really cool cats over at Nevada Coin and Jewelry. You would’ve thought that I was “Madonna” the way those guys treated me. I was so mesmerized by all of the antiques, they have in there, I believe I was there for two hours, just looking, unbelieveable! When I went in I was so hot, they offered me a cold bottle of water, how cool is that? It felt like home to me. I wanted to get a price for some old jewelry that was passed down by grandma, I was well satisfied. When I left the shop, I was singing “Money, Money, Money.

Doris

Outstanding experience! This is the best place to change your gold with a great attention. I’m completely impressive because they have a smooth and fast service, definitely nice people!

Pablo V.

This place is definitely recommended!!! A.J. and David are amazing…very helpful and nice people at that! I would totally consider going to this place.

Bree D.

What friendly staff. They help you sell your items even if they don’t have a use for it by calling other shops around the area to see if they could use it… They want you to have the best out come from selling your items. I was so happy I decided to go to them!

B.J.