1992 1oz unc gold kruger sold within 1 hr
 

i listed this coin on ebay with a decent enough buy it now price.
it went right away.
is this coin worth more than normal bullion for a rare date/mintage?
I am in australia and bought it from a 2nd hand shop cause I bought it near spot..so i relisted after taking into account fees and a profit i wanted.

is this coin worth bullion value or is it rarer..please advise.
this is an uncirculated bullion coin..not proof.
thanks in advance

Re: 1992 1oz unc gold kruger sold within 1 hr
 

My guess is almost ANY modern gold coin is 'uncirculated' since we foolishly no longer use them as money.

Re: 1992 1oz unc gold kruger sold within 1 hr
 

Perhaps someone else on the forum has better knowledge than me, but I don't think any particular year of k-rand is considered much more valuable. Good condition is one thing, but I suspect the quick sale was more to do with the increased interest in gold and silver in general. Someone watching the gold price and wanted to get in before too late??

Re: 1992 1oz unc gold kruger sold within 1 hr
 

I have seen lots of Krugerrands with circulation wear. Not a lot of wear, but it is obvious that they were used as money.

I have not ever seen an Eagle or Maple with circulation wear.

Re: 1992 1oz unc gold kruger sold within 1 hr
 

the point of me asking was more so wanting to know is 1992 a key date or not??

i know bullion well..not key dates. so when i sold this item i was surprised it sold so fast. hence my question if it is a key date.

the comment i made in regards to the coin being uncirculated, was more for to emphasize it is not a proof/dcam which i know do command more than spot.

thanks for your help so far in reading my question.

Re: 1992 1oz unc gold kruger sold within 1 hr
 

The more recent date krugerrands are less common and do have some premium, but I don't know exactly which years and how much. 70's dated krugerrands are what you see most of the time because it was the only bullion coin at the time there was a lot of demand all over the world.

This article http://www.pcgs.com/articles/article1641.chtml says that there was very low mintage during the south africa boycott so 92 could have been one of those years.

Re: 1992 1oz unc gold kruger sold within 1 hr
 

I looked up Krugerrands in my reference book, the Krause fourth edition of "Standard Catalog of World Gold Coins".

It lists a lot of proof Krugerrands with mintages of less than 10000 and they carry a premium. The only business strikes with a premium are the first three years of production, 1967-1969, when there was only about 80000 minted during the whole three year span. The business strikes from 1970 on are worth their bullion value.

Your 1992 sold fast because.... someone wanted it more than the fiat money they paid you with... :yippee:

Re: 1992 1oz unc gold kruger sold within 1 hr
 

thank you all for answering my questions and the research to links/look ups.
Looks like this guy just needs it for his collection I guess - nothing overly rare about it in the big picture.

Ross can I just ask in that book you look at, you mentioned the first 3 yrs carry a premium for normal strike - does it list the number of "business strikes/normal uncirc bullion" for 1992.

thanks again for the help on my first post. The links and articles were all useful.

Re: 1992 1oz unc gold kruger sold within 1 hr
 

Ebay is going nuts for PM's right now and everyone seems to be paying spot at a minimum and in most cases well above.

That and most media is actually talking abuot gold heading for 800 by year end.

Re: 1992 1oz unc gold kruger sold within 1 hr
 

It is now worth more because that one sold for more. Sooo, go back and buy another one and see if it will go for the same thing _grin_

but I don't think you're gonna find anybody here at GIM that will pay you more than spot _bigger grin_

I think you just found a buyer willing to pay more - so now see if there are more of them out there _big grin_

Re: 1992 1oz unc gold kruger sold within 1 hr
 

As someone who has seen thousands of Kruggerands over the years i will say the 1992 date did have something to do with the quick sale, but not because it is rare.

Kruggerands were once baned for inportation into this country because of apartheid. Any already within the US we allowed to trade,.......but no new coins were allowed in.

Even after the ban ended the Krugerand was no longer the only game in town with the US Gold Eagle showing up in 1986. And as Krugs now sell at a slight discount(to spot) for dealers generally there is no motivation on South Africa's part to import new ones into the US.

So the latest dates i recall seeing here in the US are 1987 or 1988, as i recall.

Re: 1992 1oz unc gold kruger sold within 1 hr
 

whats with all the grins and big grin's?

sorry mate i dont drop my soap in the shower for anyone *grin*