June 26, 2010
Is this a good price for 1-oz. Krugerrand gold coin?
I have the opportunity to buy a 1-oz. Krugerrand gold coin for $814.90. Do you think that this is a fair price? If not, what would be a fair price for this coin?
Thanks.
Thanks for responding already.
Thanks for replying, Cosmo.
Filed under Krugerrand Gold Coins by on Jun 26th, 2010. 
Comments on Is this a good price for 1-oz. Krugerrand gold coin?
Not too good.
just type gold price and there will be tons of sites that can tell you what gold is at high and low price.
No – I purchase 1 oz Gold Krugerrand coins from my local coin dealer at below melt value (current melt is about $755 per oz). . . so I’d say that $750 – $760 would be a fair price (based on melt being $755). I certainly wouldn’t pay $814. 90 – unless it was say a 1971 proof (mintage of 6000) – you can buy Krugerrand coins all day long at www. apmex. com for a slight premium (currently they are for sale at about $7. 95 over melt on this website) – you should be able to purchase these coins even cheaper than this from a dealer though (and avoid the shipping fee). Keep in mind that unless you purchase a coin that has a limited mintage, the Krugerrand coins are unlikely to increase about melt value in the future – although this might sill be a good return over 3-4 years