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350 - 400 us $
"Funkytown" Pseudo Echo-1987 Lipps, Inc.-1980
You are asking about a 1 Krugerrand coin from South Africa (KM#73). The coin weighs 33.9300 grams and is 91.70% gold, giving it an AGW (Actual Gold Weight) of 1 troy ounce (actually 1.0003 troy ounces). The obverse (front) has a portrait of Paul Kruger facing left with the words "SOUTH AFRICA" to the right and "SUID-AFRIKA" (Afrikaans for "South Africa") to the right. The reverse (back) has an image of a springbok (a South African antelope) with "KRUGERRAND" above, "19" to the left, "80" to the right, and "FYNGOUD 1 OZ FINE GOLD" below. 3,049,396 such coins were produced in 1980, as well as another 12,000 in Proof (nicer surface, 220 serrations on the edge, as versus 180 serrations for regular krugerrands). As of May 1, 2013, gold is valued at US$1,457.00 per troy ounce. According to the Standard Catalog of World Coins, such a coin would be worth the gold value plus 5% in Brilliant Uncirculated condition, and gold value (plus, perhaps, a small premium) otherwise. In Proof condition, the premum over gold value would probably be 10-15%.
The Krugerrand is a bullion coin containing exactly 1 troy oz. of pure gold alloyed with 8.33% copper (22 karat). Krugerrands have some, but little, numismatic value (added value due to the condition or rarity of a coin). Generally, they are worth about what the spot price for gold is at the moment. The buy price is generally 2 or 3 percent higher than spot when buying from a dealer. A dealer will probably offer you 2 or 3 percent below spot to buy the coins from you. There are many web sites that display the spot price of gold in real time. See Related Link, below.
Pseudo Echo
Yes, there are most definitely fake krugerrands in circulation. The best way to verify a fake or real krugerrand is to go to a reputable coin dealer. You can also do some measurements of the coin, a real 1 oz. krugerrand will weigh 33.930g. its diameter will be 32.77mm, and its thickness will be 2.84mm.
Half ounce kruggerands were not made in 1968. The South African Mint did not begin to make fractional sizes until 1980. A one ounce 1968 Krugerrand can be purchased for approximately $1,850.00 USD. They are all proof coins unless opened by the original owner.
You are asking about a 1 Krugerrand coin from South Africa (KM#73). The coin weighs 33.9300 grams and is 91.70% gold, giving it an AGW (Actual Gold Weight) of 1 troy ounce (actually 1.0003 troy ounces). The obverse (front) has a portrait of Paul Kruger facing left with the words "SOUTH AFRICA" to the right and "SUID-AFRIKA" (Afrikaans for "South Africa") to the right. The reverse (back) has an image of a springbok (a South African antelope) with "KRUGERRAND" above, "19" to the left, "80" to the right, and "FYNGOUD 1 OZ FINE GOLD" below. 3,004,945 such coins were produced in 1980, as well as another 6,600 in Proof (nicer surface, 220 serrations on the edge, as versus 180 serrations for regular krugerrands). As of May 1, 2013, gold is valued at US$1,457.00 per troy ounce. According to the Standard Catalog of World Coins, such a coin would be worth the gold value plus 5% in Brilliant Uncirculated condition, and gold value (plus, perhaps, a small premium) otherwise. In Proof condition, the premum over gold value would probably be 10-15%.
The current value of a 1980 P-D-S Mint set is $8.00.
The coin has face value only.
$1 in 1980 was worth $2.61 in today's money.
$680 USD