The value of a 1967 Krugerrand gold coin primarily depends on its gold content and current market value, but its historical significance and condition can significantly increase its worth.
Here’s a breakdown:
- Gold Content: Each 1967 Krugerrand contains exactly one troy ounce of fine (24 karat) gold. The coin itself is made of 22 karat gold alloy, making it durable for circulation while still holding a full ounce of pure gold.
- Current Gold Price: The value of gold fluctuates based on market demand. As of the time of the search results (August 14, 2025), the spot price for one ounce of gold is around $3,371.20 USD.
- Premium Over Spot: 1967 Krugerrands, as bullion coins, typically sell for a premium over the raw gold price. This premium usually ranges from 3% to 5% above the spot price. This covers fabrication costs, storage, and dealer’s markups.
- Historical Significance and Numismatic Value: 1967 is the first year the Krugerrand was minted, and it had a low mintage of only 40,000 coins. Because of this historical importance, the 1967 Krugerrand can be more valuable than other years, especially those in excellent condition. Some 1967 Krugerrands have reportedly sold for twice their gold value, representing a 100% premium. Proof versions of the 1967 Krugerrand are even rarer, with a mintage of only 10,000, and they can fetch higher prices at auctions.
Recent Sale Examples:
- A [1967 South Africa Gold 1 Krugerrand NGC MS66 PL Proof Like 1 oz Ounce] sold on eBay for $8000 USD.
- A [1967 Proof South African Krugerrand 1oz Gold Coin] in its original box sold on eBay for $7993.93 USD.
- A [Brilliant Uncirculated (BU) condition 1 oz South African Gold Krugerrand (random year)] is listed for sale by LCR Coin for $3530.9 USD.
- A 1967 South Africa 1 oz Gold Krugerrand MS-65 NGC is listed for sale on eBay for $5000 USD.
- [
1967 South Africa Gold 1 Krugerrand Ngc Ms66 First Year Proof Like 1 $8,000.00]
- [
1967 Proof South African Krugerrand 1oz Gold Coin – Rare Date – Box $7,993.93]
- [
1 oz South African Gold Krugerrand Coin BU $3,530.90]
Where to check for current values:
- Contact reputable gold coin dealers for up-to-the-moment spot prices and valuations.
- Check out online marketplaces like eBay and specialized coin dealer websites for current listings and recent sales.
- Consult the Greysheet Catalog, which has distinct entries and price guides for Krugerrands.
Important notes:
- Older Krugerrands in good condition may have some added collector value, though the difference is usually small unless they are in exceptional condition or have a low mintage.
- The condition (grade) of the coin plays a significant role in its value. Proof versions are typically worth more than bullion versions.
- While Krugerrands are a reliable store of value, their worth can fluctuate with the price of gold.
Which year Krugerrand is the most valuable?
From my experience, For example, the 1967 Krugerrand is the most valuable since only 40,000 were minted!
How many 1967 Krugerrands were made?
First-Year SA Mint Krugerrands
Just 40,000 1967-dated bullion Krugerrands were struck by the SA Mint. As the first year of issue and one of the lowest mintage years in the series, these coins are sought after by collectors and investors alike.