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picked up 6 one oz. Silver Krugerrand commem coins

Norseman88Norseman88 Posts: 962
in Precious Metals
Was in town today to get paid for the Palladium I sold a few days ago and to pick up a sealed yellow box of Silver Maples when i noticed a small pile of six proof 1983 one oz. Silver Krugerrands which I also picked up for $1 over spot which was $17.50.
What do these normally sell for????

Comments

  • CiccioCiccio Posts: 1,405 ✭
    Good deal!
    For what I saw, usually they sell in the range of $23-$25.
    I want to buy it but so far have never found one close to spot!

    Edited to add: just checked on eBay. In few cases even up to $35/40!
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    these things are a hit or miss.....I've seen them for a little above spot before but I guess some items have spurts were they sell for a lot and others times only a little above spot. Either way you added to the stack so thats good image

    There is also a 5 oz Kruggerand round, pretty neat, around spot or maybe a bit higher.
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  • CaptHenwayCaptHenway Posts: 32,128 ✭✭✭✭✭
    They are medallions, not coins.
    When we have them, we throw them in our spot +$2.50 silver medallion junk box.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • gecko109gecko109 Posts: 8,231 ✭
    "They are medallions, not coins."


    FACT.

    These rounds were NOT made by the S.A. government, but rather by a private mint. I too once thought that they were official coins.
  • Norseman88Norseman88 Posts: 962
    Oh well they look like a Krugerrand and contain an ounce of Silver so it's all good to me.
    $1 an oz. over for a one oz. piece of Silver is a good deal irregardless.
  • Kd5ddoKd5ddo Posts: 208 ✭


    << <i>1 an oz. over for a one oz. piece of Silver is a good deal irregardless. >>



    Agreed.
    Remember that the market can stay irrational longer than you can stay solvent.

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  • BBQnBLUESBBQnBLUES Posts: 1,803 ✭
    Several years ago I squirrel away 100 of these 1 oz rounds.. Put each in a 2x2 manilla envelope for toning..

    Will have to dig them out & see if any developed.

    Hmm, Might be a good time to unload 'em image
  • Norseman88Norseman88 Posts: 962


    << <i>Several years ago I squirrel away 100 of these 1 oz rounds.. Put each in a 2x2 manilla envelope for toning..

    Will have to dig them out & see if any developed.

    Hmm, Might be a good time to unload 'em image >>



    Make sure you post any if they have rainbow or wild toning.
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