Krugerrands for US charity’s Christmas
GENEROUS donors often turn Salvation Army kettles into “pots of gold” as Krugerrands regularly land up in various collection pots across the US during Christmas.
The South African Gold Coin Exchange’s attention was first drawn to donations when they found out that Salvation Army staffers in the American state of Louisiana had discovered the 1983 coin when they were tallying collections at the end of the day and notified Major Mark Smith, head of the local Salvation Army.
“I was delighted,” Smith told the exchange. “It went a long way to helping us in our Christmas effort.”
Alan Demby, executive chairman of the South African Gold Coin Exchange, said according to an American newspaper report, anonymous Krugerrand drops in kettles occur throughout the country at Christmas, with the first gold coin having been given in 1982 in a Chicago suburb. About 300 gold coins have since been donated and found among quarters and dimes that jam coin counters.
Louisiana Coin Exchange in Shreveport had appraised the locally donated coin at about $1 100 (R8 000), but the Salvation Army would probably sell it to get more than the appraised value, as gold prices had been setting records in recent weeks, Smith said.
Demby lauded the spirit shown by American Krugerrand donors.
“A heightened benefit to the recipient of the donation is the Krugerrand’s ability to keep on giving. As the gold price appreciates, as it has been so convincingly doing in the past couple of years, so the value of the gift grows.”
He urged South Africans to take a leaf out of the book of their US counterparts.