Description from HiBid
1984 South Africa 1oz Krugerrand $9600
This 1984 South African 1oz Krugerrand is a premier example of the world's first modern gold bullion coin, renowned for its historic significance and investment value. Struck in 22-karat gold, the coin contains exactly one troy ounce of fine gold, with the remaining copper alloy providing its distinctive reddish-orange hue and enhanced durability against wear and tear. The reverse features the iconic springbok antelope, the national animal of South Africa, while the obverse depicts Paul Kruger, the four-term president of the South African Republic. As a 1984 mintage, this coin hails from an era when the Krugerrand dominated the global gold market. Unlike many other bullion coins, the Krugerrand is unique in that it has no face value, as its legal tender status is determined solely by the current market value of its gold content. This piece represents a high-liquidity asset for collectors and investors alike, combining timeless numismatic design with the enduring security of physical gold. NOT TESTED OR VERIFIED.
Condition: Based on the image, the coin appears to be in Brilliant Uncirculated (BU) condition, exhibiting a strong luster and no immediate signs of heavy wear, though minor contact marks typical of bullion are visible. The strike type is a standard business strike, as used for general bullion distribution rather than a frosted proof finish. It is produced by the South African Mint and is composed of 22-karat gold (.9167 fine), containing exactly 1 troy ounce of pure gold alloyed with copper for durability, which gives it its distinct reddish-orange tint. Not tested or verified. Historically, the Krugerrand was the world's first modern gold bullion coin, though by 1984, it faced significant international import bans due to South African apartheid policies. The collector value for a 1984 1oz Krugerrand is generally tied directly to the spot price of gold (bullion value) plus a small premium, as this specific year is not considered a rare key date. While the coin is raw (ungraded), it would likely fall in the MS-60 to MS-65 range if formally graded. Please note that the $9,600 price mentioned is significantly higher than the current market value for a standard 1oz gold Krugerrand, which typically trades much closer to the current global spot price of gold. NOT TESTED OR VERIFIED.
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