Q:

What is the value of a South African 1978 fine gold Kruggerand coin?

A:

Quick Answer

As of 2015, the collector's value of a circulated South African 1978 1-ounce fine gold Krugerrand is $1331.48. A 1978 uncirculated 'proof' Krugerrand is valued at $1850.00.

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Full Answer

Coins typically have two separate values. The first is the collector's value, based on the age and history of the minted coin in addition to the material value. Uncirculated 'proof' coins minted for collectors have a higher value. The second is melt value, the worth of the raw material of the coin. The Krugerrand's melt value is tied directly to the current market price of gold, which fluctuates daily due to supply and demand.

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