South Africa 1980 1/4 krugerrand
This specimen was lot 24876 in Stack's Bowers NYINC sale (New York, January 2018), where it sold for $384. The catalog description[1] noted, "SOUTH AFRICA. 1/4 Krugerrand, 1980. NGC MS-67. Brilliant and attractive." The krugerrand was introduced by the South African government in 1967 as a way of marketing the gold produced from her mines. It peaked in popularity 1974-84 when it virtually had the bullion market to itself. The introduction of the maple leaf (Canada), the libertad (Mexico), the panda (China), the nugget (Australia) and above all the gold eagle (United States) cut into its market share. It is still in production but not in its former numbers.
Recorded mintage: 533,818 + 60 proofs.
Specification: 8.48 g, 0.917 fine gold, .250 troy oz AGW, 22 mm diameter.
Catalog reference: Fr-B3; KM-106.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
- Hern, Brian, John Bothma and Hercie Pieterse, Hern's Handbook on South African Coins & Patterns, Ferndale, South Africa, 2013.
- Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
- [1]Ponterio, Richard, Kyle Ponterio, John Kraljevich and Cris Chatigny, The January 2018 NYINC Sale: Ancient Coins, World Coins & Paper Money, featuring the Eldorado Collection of Colombian and Ecuadorian Coins, Santa Ana, CA: Stack's Bowers LLC, 2017.
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