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Who is the wholesaler who offers the lowest sale market price of 1 oz Krugerrand generally?
Wiki User
∙ 11y ago
Dealers sell the coins at the price of gold, one ounce, and that changes daily. Dealers have a bid & sell price. Krugerrands are also traded on the Johannesburg Stock Exchange. Prices change daily, so you should shop around your area. All the best dude.
Wiki User
∙ 11y ago
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What is a Krugerrand?
A gold coin minted in South Africa that typically sells for a higher prices than the market value of the gold it contains.
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What is the value of a 1983 Fyngoud gold 1 oz Krugerrand?
The value of the Krugerrand is based on its weight in gold. A 1 ounce Krugerrand contains roughly 1 ounce of gold. The gold value is based on the market price for gold. On Dec. 29, 2007 the price for 1 ounce of gold is $838USD. A one ounce Krugerrand can safely be assumed to contain exactly 1 troy ounce of gold. Krugerrands usually trade at a slight premium to the price of gold bullion, sometimes a slight discount, and of course it depends whether you are buying or selling. We have provided a link with full specifications, and much more information about Krugerrands. The same website has pages with live spot gold prices in up to 12 different currencies. From these sources, you can work out an approximate Krugerrand value at any given time.
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What is a Krugerrand?
A gold coin minted in South Africa that typically sells for a higher prices than the market value of the gold it contains.
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Which market situations in an industry results in the lowest prices for consumers?
perfect competition
