How much is a Krugerrand coin worth – the most expensive Krugerrand coins

How much is a Krugerrand coin worth - the most expensive Krugerrand coins

Investing in Krugerrand coins has become increasingly attractive as an investment in recent years due to their impressive performance. Krugerrand coins are among the most popular and sought-after bullion coins in the world. The first Krugerrand was minted in 1967 by the South African Mint – SA Mint, and since then this coin has become synonymous with quality and reliability. The Krugerrand coins are made of 22-karat gold with a purity of 91.67% and feature the portrait of Paul Kruger, a former South African president, on the obverse.

While Krugerrand coins are generally valued by their gold content, some rare versions of the coin can command a much higher price due to their rarity and historical significance. These rare versions are known as “proof coins” and are produced with a higher level of craftsmanship and quality control than regular bullion coins.

One of the main reasons why the Krugerrand is so attractive as an investment is its consistent appreciation. Over the past decade, the price of gold has risen steadily, and the Krugerrand has kept pace with that rise. In fact, the value of Krugerrand coins has risen so much that it represents a lucrative investment opportunity for those looking to diversify their portfolio.

Another reason why Krugerrand coins are a popular investment option is their liquidity. Krugerrand coins are easily tradable, making them a highly liquid asset. This means investors can easily buy and sell their Krugerrand coins as needed, providing flexibility and convenience worldwide.

Moreover, the Krugerrand is recognized as a trustworthy and reputable investment in the gold market.

Investing in Krugerrand coins is generally a good way to hedge against inflation and protect assets. As a tangible asset, gold has always retained its value in times of economic uncertainty and inflation. By investing in Krugerrand coins, investors can protect their assets and diversify their investment portfolio.

Over the years, several Krugerrand coins have become valuable and sought after by collectors and investors around the world. Below we will introduce the four most expensive and popular Krugerrand coins to you.

Krugerrand 1967

Krugerrand 1967 – The first Krugerrand ever minted is undoubtedly one of the most valuable coins in the world. In 1967, only 40,000 coins were produced, and the rarity of this coin has made it very desirable.

There were a total of 40,000 gold bullion coins, but only the first ones were sold in the original “SA Mint Paper Bags”, which are even rarer and can hardly be found on the market today.

By the way, do you know what a Krugerrand cost back then, in 1967?

The average price of an ounce of gold on world markets in 1967 was the equivalent of $35.10. A 1 oz. Krugerrand has an average retail (premium) markup at retail of 5%. Taking into account the dollar-DM exchange rate at the time, a Krugerrand thus cost an average of 73.93 euros in 1967.

Bullion Krugerrand coins today trade from 3,000 to several thousand euros, with top prices usually achieved with NGC or PCGS grading, depending on the grade, of course. By the way, for a new Krugerrand 2023 you currently pay (April 2023) about 1,875 euros, depending on the dealer and the daily rate.

Krugerrand 1992

Krugerrand 1992 – In 1992, the South African Mint issued a limited edition of Krugerrand coins to celebrate the 25th anniversary of the Mint. These coins were produced in very limited quantities(mintage 2067) and feature a unique design with the world-famous portrait of Paul Kruger on the obverse and a springbok motif with a stylized South African steppe landscape in the background on the reverse. For a Krugerrand 1992 today prices between 6,000 and 8,000 € or even more are achieved.

When buying, always make sure that you buy a coin with an original certificate and Sa Mint box. For many collectors a coin is uninteresting if it is “only in a capsule”. Since 1995, Krugerrand coins are additionally sold with an original certificate (COA) to a typical red SA mint box.

Krugerrand 1997 – Sabi Sabi Mintmark Proof

Krugerrand 1997 – Sabi Sabi Mintmark Proof Issue – In 1997, the South African Mint produced a special issue of Krugerrand coins commemorating the Sabi Sabi Game Reserve in South Africa. These coins were produced in extremely limited quantities(mintage of only 72 pieces) and feature a typical, unique Krugerrand design. The Sabi Sabi Mintmark Proof issue is extremely rare and hard to find on the market these days. If you are lucky enough to find one, you usually have to pay a very high price. Depending on the condition and valuation, the price ranges from € 6,000 to € 12,000.

Krugerrand 2017 Platinum

Krugerrand 2017 Platinum – This is the first and so far the last time that a Krugerrand coin was produced in platinum. This coin is limited to only 2017 pieces worldwide and is therefore particularly popular with collectors and enthusiasts around the world. The coin was minted on the occasion of the 50th anniversary of the famous golden Krugerrand, which adds to its historical significance.

Due to its rarity and value, the Krugerrand platinum coin has become a coveted possession for many collectors and investors worldwide. It is considered one of the most valuable and exclusive platinum coins in the world. If you are lucky enough to own one of these rare coins, it is important to store it properly and ensure its authenticity. A reputable coin dealer or appraiser can help you determine the value and condition of your Krugerrand platinum coin and advise you on proper care.

You may wonder why the Krugerrand Platinum is much more expensive than other platinum coins like American Eagle Platinum, Maple Leaf Platinum, China Panda Platinum, Vienna Philharmonic Platinum, etc. (you can buy them at the normal price of a platinum coin). The answer is almost logical: supply and demand. Collectors and investors are willing to pay a premium for these coins to add them to their collections or portfolios because they are very rare (they were produced only once in 2017), beautiful and popular.

South Africa – Krugerrand – 1 oz Platinum Proof – 2017 – 50th Anniversary – with original case and COA

In summary, Krugerrand coins are among the most valuable and sought-after bullion coins in the world. The rarity of these coins and their historical significance make them highly prized and extremely popular with collectors and investors alike. The 1967 Krugerrand, the 1992 Krugerrand, the 1997 Krugerrand – Sabi Sabi and the 2017 Krugerrand Platinum are just a few examples of the most valuable Krugerrand coins available.

Other interesting Krugerrand gold coins: