1986 South Africa 1 oz Proof Gold Krugerrand
Numismatic
1986 South Africa 1 oz Proof Gold Krugerrand
Introduced originally in 1967 to highlight the nation's rich gold resources, the Krugerrand holds a unique place in numismatic history as the pioneer of modern gold bullion. Unlike traditional coinage, it carries no official face value. Instead, its worth is tied directly to the fluctuating market price of its gold content, which consists of one troy ounce of fine gold. This specific 1986 issue is a proof specimen, struck with precision by the South African Mint located in Pretoria. Only 21,040 of these proof coins were produced in 1986, making them far scarcer than their standard bullion counterparts. The obverse features a detailed portrait of Paul Kruger, surrounded by the name of the issuing nation written in both Afrikaans (SUID-AFRIKA) and English (SOUTH AFRICA). On the reverse, a springbok antelope bounds across the landscape. This side also displays the 1986 year of issue and details the weight of the precious metal, inscribed with the bilingual text FYNGOUD and FINE GOLD alongside 1 OZ.
Fair market value
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Prices shown are estimated fair market values based on live spot prices and typical dealer ask premiums. They are provided for informational purposes only and are not an offer to buy or sell. The price a dealer will pay for an item (bid) is typically 10–20% below the values shown, depending on the item, its condition, and current market conditions.
Specifications
| Country | South Africa |
|---|---|
| Year | 1986 |
| Grade | Proof |
| Metal | Gold |
| Weight | 1.0000 troy oz |
| Purity | .9167 |
| Diameter | 32.8 mm |
| Thickness | 2.84 mm |
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