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| SOLD/1975 Krugerrand 1 oz. Solid Gold Coin During the 1970s, there was no more popular coin than the South African Krugerrand. The Krugerrand, which was minted starting in 1967, was the only major gold bullion coin to be produced at this time, and by 1980 it accounted for nearly 90% of all gold coins on the market. For many years the Krugerrand was an illegal import into several nations. While South Africa was under the regime of official racial discrimination against black-skinned natives (called apartheid), a great number of governments imposed economic sanctions against South Africa, thereby limiting the availability of the Krugerrand outside the nation. The popularity of the Krugerrand has not diminished in recent years as the price of gold has multiplied significantly. In the current market, a 1975 Krugerrand 1 ounce gold coin sells for upwards of $1600. Krugerrands are ubiquitous in the world of gold coins and their values show no signs of diminishing any time soon. |
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