1 Oz. Fine Gold South African Krugerrand 1980
Posted by chris on October 17th, 2009
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THIS AUCTION IS FOR ONE WITH NO RESERVE! THIS COIN IS IN EXCELLENT CONDITION WITH SOME SLIGHT TARNISHING ON THE REVERSE SHOWING THE ANTELOPE. I ONLY MENTION THIS TO BE EXACT IN MY DESCRIPTION. THIS IS A REAL COLLECTORS PIECE OR ADDITION TOWARDS THE 10% OF YOUR PORTFOLIO OF PRECIOUS METALS THAT IS RECCOMENDED FOR INVESTMENT.
The Krugerrand was introduced in 1967, as a vehicle for private ownership of gold. It was actually intended to circulate as currency. Therefore it was minted in a more durable gold alloy, unlike most other bullion coins.
An ordinary coin has a fixed legal tender value which is stamped on its face, which is normally greater than the bullion value of its metal. Earlier gold coins such as the British sovereign had a fixed face value, which was originally more than, and later could be much less than the bullion value of the gold content.
The Krugerrand has no face value; its legal tender value is the bullion value of its metal at the current market price of gold. The Krugerrand was the first bullion coin to have this kind of legal tender value. It was also the first gold coin to contain precisely one ounce of fine gold.
The Krugerrand is 32.6 mm in diameter and 2.74 mm thick. The Krugerrand’s actual weight is 1.0909 troy ounces (33.93 g). It is minted from gold alloy that is 91.67% pure (22), so the coin contains one troy ounce (31.1035 g) of gold. The remaining 8.33% of the coin’s weight (2.826 g) is copper (an alloy known historically as crown gold which gives the Krugerrand a more orange appearance than silver-alloyed gold coins. Gold alloy coins are harder and more durable, so they can resist scratches and dents.
The Krugerrand is so named because the obverse bears the face of Boer statesman Paul Kruger, four-term president of the old South African Republic. The reverse depicts a springbok, one of the national symbols of South Africa. The name “South Africa” and the gold content are inscribed in both Afrikaans and English.
ALL ITEMS ARE SOLD AS FINAL SALE – NO RETURNS. I AM ONLY SELLING FROM MY PERSONAL COLLECTION BECAUSE OF VERY DIFFICULT TIMES. SORRY, BUT THIS IS THE GENUINE ARTICLE AND I THANK YOU FOR YOUR UNDERSTANDING. ASK ANY QUESTIONS BEFORE YOU BID. I ONLY USE ACTUAL PHOTOS OF THE COIN(S), ROUNDS, INGOTS OR BARS THAT ARE BEING SOLD. CUSTOMER SATISFACTION IS CRITICAL TO ME AS YOU CAN SEE IF YOU LOOK AT THE 1,700 TRANSACTIONS WITH 100% POSITIVE FEEDBACKS I HAVE RECEIVED, SO BID WITH CONFIDENCE.
A NON-PAYING BIDDER ALERT WILL BE FILED WITH EBAY IF PAYMENT IS NOT RECEIVED AFTER THREE DAYS AND THE ITEM(S) WILL BE RE-LISTED.
BID ONLY IF YOU ARE SERIOUS, BY PLACING A BID YOU ARE AGREEING TO ABIDE BY THESE POLICYS.
COMBINED SHIPPING:
IF YOU NOTIFY ME THAT YOU INTEND ON BIDDING ON MORE THAN ONE ITEM AND YOU WIN IF THE SHIPPING COST IS LESS THAN LISTED YOU WILL BE REFUNDED THE DIFFERENCE.
PLEASE E-MAIL ME IF YOU WILL BE BIDDING ON ADDITIONAL ITEMS SO I DON’T PACK UP YOUR FIRST ITEM SEPERATELY.
I AM SORRY BUT I DO NOT SHIP TO ALASKA OR HAWAII, I
ONLY SHIP TO THE 48 STATES AT THIS TIME.
I only accept PayPal.
All items will be shipped promptly after payment has cleared. You will be notified when the item ships.
THANKS FOR LOOKING AND GOOD LUCK
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Tags: 1 gold kruggerands, 1 south african gold, Bullion Coin, Bullion Coins, Crown Gold, Current Market Price Of Gold, Fine Gold, Gold Alloy, Gold Coin, Gold Coins, Gold Content, Legal Tender, Market Price Of Gold, National Symbols, Obverse, Paul Kruger, Precious Metals, Price Of Gold, South African Krugerrand, Tender Value, Term President, Troy Ounce, Troy Ounces