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Rare Gold Coin Dropped Into Salvation Army Kettle For Fifth Straight Year

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KRUGERRAND
An employee displays a one ounce 22 carat gold krugerrand coin in this arranged photograph at the South African Mint Company in Pretoria, South Africa, on Tuesday, March 15, 2011. Photographer: Nadine Hutton/Bloomberg via Getty Images | Bloomberg via Getty Images
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KOKOMO, Ind. (AP) — Someone has again anonymously dropped a gold Krugerrand coin into a Salvation Army red kettle in a central Indiana city.

Salvation Army Capt. Dale Brandenburg says the South African coin was found in one of its Kokomo kettles last week and it was sold it for $1,220. The Kokomo Tribune reports (http://bit.ly/1jSXoOv ) this marks the fifth straight year that a Krugerrand donation has been made in the city.

Brandenburg says the coin sold for about $400 less than last year when the price of gold was higher.

He says the donation of the coin is a big boost since the group is about $50,000 short of its $82,500 fundraising goal for Kokomo.

Brandenburg says it's always exciting to find one of the gold coins inside a kettle.

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Information from: Kokomo Tribune, http://www.ktonline.com

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