Kruger Rands are excluded from the definition of personal-use assets, and the base cost of these coins as at valuation date (1 October 2001) must be determined.
The ruling prices of these coins on 1 October 2001 were:
KR
R2750
KR HALF
R1202
KR QUARTER
R602
KR TENTH
R295
Should a taxpayer wish to ascribe other values to these coins as at 1 October 2001, the valuation must be motivated and be accompanied by documentary proof.