Krugerrand mintages

[Silverlocks]

I didn't realise how prolific the production of Krugerrands really was back in its heyday in the 1970s-80s before the sanctions.  At its peak the annual tonnage of gold minted into coins is not all that much less than the tonnage minted into sovereigns at their height just before WWI.

https://www.samint.co.za/collectable-coins/product-mintages/

BULLION MINTAGE FIGURES

YEAR	TOTAL 1OZ (BULLION & PROOF)	PROOF 1OZ	TOTAL ½OZ (BULLION & PROOF)	PROOF ½ OZ	TOTAL ¼ OZ (BULLION & PROOF)	PROOF ¼OZ	TOTAL 1/10OZ (BULLION & PROOF)	PROOF 1/10OZ
1967	50,000	10,000
1968	30,000	10,000
1969	30,000	10,000
1970	221,018	10,000
1971	556,200	6,000
1972	550,325	6,625
1973	869,300	10,000
1974	3,209,352	6,352
1975	4,809,525	5,600
1976	3,011,545	6,600
1977	3,339,844	8,500
1978	6,022,293	10,000
1979	4,952,555	11,800
1980	3,061,396	12,000	374,373	60,000	533,878	60,000	856,975	60,000
1981	3,198,727	12,900	178,014	9,000	726,428	7,500	1,321,022	7,500
1982	2,685,466	16,960	429,390	13,000	1,269,168	11,270	1,064,809	11,270
1983	3,368,161	19,100	60,405	13,600	63,687	12,075	507,510	12,075
1984	2,069,689	14,000	186,660	9,900	502,971	13,020	898,270	13,020
1985	874,995	10,224	103,634	5,945	593,893	6,700	282,248	6,700
1986	21,040	21,040	Proof only	8,613	Proof only	8,613	95,612	8,612
1987	111,150	11,352	Proof only	5,389	Proof only	6,050	59,465	6,065
1988	619,747	5,074	8,542	3,088	8,808	2,862	90,295	2,862
1989	199,389	5,070	8,707	3,727	9,259	3,316	13,139	3,316
1990	394,425	3,032	Proof only	2,850	Proof only	2,750	98,466	3,459
1991	285,365	2,181	Proof only	3,459	Proof only	1,626	85,797	3,524
1992	3,870	2,067	Proof only	1,501	Proof only	1,629	Proof only	1,789
1993	166,303	3,963	13,239	2,439	Proof only	3,061	57,346	3,811
1994	131,291	1,761	18,056	2,146	40,621	1,874	87,968	2,215
1995	60,308	1,678	11,429	1,012	13,980	1,095	26,400	1,612
1996	12,022	2,188	5,099	1,788	Proof only	1,853	11,836	2,891
1997	Proof only	1,765	12,628	2,030	Proof only	1,470	21,936B	2,440
1998	8,276	1,179	Proof only	1,303	5,638	1,701	17,251	1,799
1999	19,838	2,787	25,885	1,924	36,834	1,990	31,415	2,782
2000	37,993B	3,143	27,304B	3,453	33,882B	3,600	30,950B	4,603
2001	11,452B	5,563	9,945B	3,696	14,448B	3,841	21,994B	4,058
2002	20,000B	3,531	none	2,295	13,000B	2,442	15,000B	3,110
2003	49,925B	2,136	12,873B	1,285	13,918B	2,450	17,786B	1,893
2004	75,261B	500 m/mark + 3,492	Proof only	3,288	Proof only	4,570	Proof only	3,811
2005	20,184B	2,770	3,106B	3092,000	1,756B	4115,000	20,876B	2960,000
2006	54,578B	1,969	11,594B	2663,000	9,296B	3550,000	15,711B	3934,000
2007	315,603B	395 m/mark + 2,321	13,475B	2,148	7,551B	3,333	14,126B	3,740
2008	241,545 B		11,353 B		13,816 B		14,998 B
2009	748,098 B		42,631 B		39,716 B		80,317 B
2010 1/08/01	528,128B		20,380B		34,883B		41,575B

Edited October 20, 2023 by Silverlocks

[Frenchie]

Krugerrands can be collectible coins.

In 1980, when the SAM launched the fractional Krugerand, they released for this occasion a special "VIP" set of fractional proof coins (1/10th, 1/4 and 1/2oz in proof ) with a tiny mintage of only 60 coins for each size, 

I have been lucky to get  the 1/10 and even 2 * 1/4oz fractional gold proof for a  reasonable price and I am still hunting  the 1/2oz proof.

I am curious to know what would be the market price of such set.  I don't have a recent price for the whole set, the last auction price was 9775$ I have is from an Heritage Auction in 2007 (spot around 700$)

  

Edited October 22, 2023 by Frenchie

[SeverinDigsSovereigns]

13 minutes ago, Frenchie said:

Krugerrands can be collectible coins.

In 1980, when the SAM launched the fractional Krugerand, they released for this occasion a special "VIP" set of fractional proof coins (1/10th, 1/4 and 1/2oz in proof ) with a tiny mintage of only 60 coins for each size, 

I have been lucky to get  the 1/10 and even 2 * 1/4oz fractional gold proof for a  reasonable price and I am still hunting  the 1/2oz proof.

I am curious to know what would be the market price of such set.  I don't have a recent price for the whole set, the last auction price was 9775$ I have is from an Heritage Auction in 2007 (spot around 700$)

  

I've seen 1967 bullion Krugerrands in poor condition selling for several thousand of pounds. Proof sets with mintage of 60 may well be in the mid 5 digits I guess

[ZRPMs]

I have a few krugs. There is a 2017 proof 6 coin set with the 50 year anniversary privy along with the 1oz 1967 proof restrike with privy and some others associated with the 50 year anniversary. I did also have the platinum 1oz 2017 but sold them. All though they are nice I'm not too attached to them and would let them go if it meant my sovereign collection came closer to being completed.

I know the Krugerrands used to be quite popular. I remember my father trading for quite a few in the mid 80's. I think he sold his stash years ago though.

[Petra]

Krugerrand were popular when there was very little else around, certainly in the 1oz size. I think nowadays there are much better looking coins of all sizes🤔😮

[Petra]

24 minutes ago, SeverinDigsSovereigns said:

I've seen 1967 bullion Krugerrands in poor condition selling for several thousand of pounds. Proof sets with mintage of 60 may well be in the mid 5 digits I guess

I seen one currently up for sale at £2,750🤔😮

[ZRPMs]

4 minutes ago, Petra said:

Krugerrand were popular when there was very little else around, certainly in the 1oz size. I think nowadays there are much better looking coins of all sizes🤔😮

The CGT status doesn't help them either nowadays. Still a cracking coin to have some examples of.

[silvergaga]

I am krugerrand crazy, I used to go down the gold mines in the mid 70's. 20 tonnes of rock had to be hoisted 8000 feet, in 3 lifts to the surface, then crushed to make 1 oz of gold for a 1979 kruger for my daughters birth.

They have gone up a bit since then. South Africa's gold mines are completely depleted now, Anglo American did a good job eh!

The mine dumps around Joburg have been re-worked to get every last g of gold out. A lot of arsenic was used in the old days.

Hope nobody licks their gold coins too much.

The silver krugers are my weakness nowadays. Plenty of silver left still in RSA.

Great red wine from the Cape too.

[ZRPMs]

2 minutes ago, silvergaga said:

I used to go down the gold mines in the mid 70's.

Awesome, Defiantly adds to the coins when you collect them.

[SeverinDigsSovereigns]

21 minutes ago, Petra said:

I seen one currently up for sale at £2,750🤔😮

I guess it will depend on the condition, but personally I'm not too much into Krugerrands. Might pick up one or two new strikes just for variety of my stack, but the design seems very average to me.

[Gruff]

On 22/10/2023 at 16:15, ZRPMs said:

The CGT status doesn't help them either nowadays. Still a cracking coin to have some examples of.

This is the problem. With the UK clamping down on profit before CGT comes in, it puts pressure on what people are prepared to buy, hold and potentially pay tax on later..

[goluckystayhappy]

Where would be the best place to sell some of the more sought after Krugerrands.

[Silverlocks]

11 minutes ago, goluckystayhappy said:

Where would be the best place to sell some of the more sought after Krugerrands.

Depends on how 'sought after'.  If you've got a 1967 proof you're probably best off going to one of the rare coin outfits.  Otherwise, here on TSF or one of the PM groups on FB, most likely.  If you're going to charge a premium for rarer years they might take a little while to shift.  You might also try listing them in a Coins of the Realm Auction, or if you have a larger number that you're trying to shift, maybe try through @BackyardBullion's newsletter.  If they're collectible years, maybe one of the world gold people like @DuncanWylieWilson or @Auronum, although they will doubtless want their cut.  However, they might be worth talking to to see if they think they can sell at significantly over bullion to a collector, in which case it might be worth your while to wear their margin.

 

Edited October 24, 2023 by Silverlocks

[goluckystayhappy]

Thanks for that info. I may drop those people you mention a pm as I do have a 67 to shift.