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1978 South African Gold Krugerrand

Auction Estimate $1900 - $2000

  Lot # 029
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Description

Genuine 1978 South African Gold Krugerrand. 

Date and condition justify premium in my opinion.  These coins are hard to find for less than $1-200 over spot and that is usually priced as random dates with some 1978 specific dated priced online for $500 over spot.

Interesting Fact!!

Why do Krugerrands weigh more than 1 troy ounce??  These coins are actually 22 KT gold and have a total weight of 1.09 Troy ounces or 33.93 grams.  The coins composition is gold and copper.  With the coin weighing more than 1 troy ounce the composition is such that the coin literally contains 1 troy ounce of pure gold and the excess weight of the coin is copper.  This makes the coins very comparable to a 999 Eagle or Maple Leaf.

 

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Details
Lot # 029
System ID # 12670515
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