1983 South African Krugerrand Gold Coin

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Detailed view of South African Krugerrand gold coins for investment and currency exchange.
Credit: pexels.com, Detailed view of South African Krugerrand gold coins for investment and currency exchange.

The 1983 South African Krugerrand Gold Coin is a significant piece of numismatic history. It was a 1 oz gold coin made of 91.67% gold and 8.33% copper.

The coin featured a unique design, with a gold Krugerrand on the front and a springbok on the back. The springbok was a nod to South Africa's national animal.

This coin was minted in large quantities, with a total mintage of 4,000,000 coins. It's no wonder the 1983 Krugerrand is a highly sought-after collectible among gold coin enthusiasts.

Product Details

The 1983 Krugerrand is a gold coin made from 916.67/1000 gold, which is a high-quality material. It's also known for its durability, thanks to the addition of a small amount of copper.

The coin weighs 1 ounce, which is equivalent to 31.10 grams, and has a diameter of 32.60 millimeters. This size and weight make it a substantial investment piece.

Here are the key details of the 1983 Krugerrand:

  • Metal: Gold
  • Weight/Size: 1 Ounce / 31.10 grams
  • Gold Weight Troy Ounces: 1.0000
  • Fineness/Carat: 916.67/1000
  • Country: South Africa

The Krugerrand Family

Credit: youtube.com, Buy Krugerrands - South African Krugerrand Information

The Krugerrand Family was first introduced in 1967 with the original one-ounce size, which contained 31.1035 grams of fine gold.

Krugerrands have been produced every year since 1967, making them a long-standing and reliable investment option.

The original one-ounce Krugerrand is sometimes referred to as a "full" or "one ounce" Kruger or Krugerrand, due to the introduction of smaller sizes in 1980.

The full-sized original one-ounce version is understood within the trade as the standard Kruger or Krugerrand.

In addition to the original one-ounce size, three other sizes were introduced in 1980: half, quarter, and tenth ounce.

1 oz Gold Krügerrand

The 1 oz Gold Krügerrand is a popular investment coin that has been produced every year since 1967. It is made from 916.67/1000 fine gold and weighs 31.10 grams.

The Krügerrand is a South African coin that is minted by the reputable Rand Refinery. It has a diameter of 32.60 millimeters and is characterized by its unique design, which features Paul Kruger, a former South African president.

One of the benefits of the Krügerrand is that it has no face value, as its value is determined by the current gold price. This makes it a popular choice for investors looking to diversify their portfolios.

Pricing

Arrangement of gold coins stacked on a clean white background, symbolizing wealth and abundance.
Credit: pexels.com, Arrangement of gold coins stacked on a clean white background, symbolizing wealth and abundance.

The pricing for the 1983 South African Krugerrand 1 oz Gold Coin varies depending on the quantity you purchase.

You can buy this coin in quantities of 1 or more.

The prices for these coins are $2,971.73, $3,002.69, and $3,095.55 for a single coin, 10 coins, and 100 coins respectively.

Here's a breakdown of the pricing for different quantities:

Frequently Asked Questions

Are Krugerrands 100% gold?

No, Krugerrands are not 100% gold, as they are minted in 916.7 (22ct) gold, containing precisely one Troy ounce of pure gold. This means they have a small amount of other metals added to the gold alloy.

Vanessa Schmidt

Lead Writer

Vanessa Schmidt is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for research, she has established herself as a trusted voice in the world of personal finance. Her expertise has led to the creation of articles on a wide range of topics, including Wells Fargo credit card information, where she provides readers with valuable insights and practical advice.

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