Whoever it was that dropped a gold Krugerrand into a Salvation Army kettle last month can rest assured that their gift was appreciated.
The coin, along with two one-ounce gold pieces also anonymously dropped into kettles, was advertised for sale to the highest bidder. The coin was sold for over $2,500 — more than a thousand dollars over its market value. The one-ounce pieces were sold for about $1,300 and $1,500, also well above the market price of gold on the day they were sold.
"We were very happy with the income from those gold pieces," Salvation Army Captain David Robinson said on Monday. "It really gave us a little boost spiritually and mentally, and of course monetarily.
"Every day were were looking at our kettles and we were putting good people out there to volunteer and ring the bell, but the money just wasn’t coming in like it was in past years. We were falling behind, and then we lost a couple days to the ice storm. It was just not looking bright there for a day or so, then we got that Krugerrand that sparked everybody’s interest and rejuvenated everybody.
"It was a lot of fun, and we’d go into a business and people would be asking, ‘hey, you got another gold coin?’ That opened a lot of doors for us. It was a great thing. Whoever gave us the Krugerrand and the nuggets, we really appreciate them thinking enough of us and knowing the need that we have to drop those in, and it was truly out of the goodness of their hearts because they are not getting any recognition or anything. It was just out of the goodness of their hearts."
The Krugerrand has been minted as legal tender in South Africa since 1967. Its import to America was banned in 1984 as part of U.S. sanctions against South Africa’s practice of Apartheid. The ban was lifted in 1994.
(Staff writer Joe Lamb can be reached by email at firstname.lastname@example.org or by phone at 505-1277. To comment on this and other stories in the Log Cabin, log on to www.thecabin.net. Send us your news at www.thecabin.net/submit)