Gold Krugerrand
Feb 06, 2021 The South African Krugerrand is a 22-karat gold coin weighing 1.0909 ounces (or 33.930 grams). Each coin consists of 2.826 grams of copper alloy providing increased durability, scratch resistance and unique orange-gold coloring. The gold Krugerrand has a thickness of 2.74 mm thick, a diameter of 32.6 mm and a fineness of.9167. The Gold Krugerrand was introduced in July 1967 solely to promote South African gold as a form of private investment. For 12 years, the Gold Krugerrand was the only gold bullion coin available for private investors to purchase. By 1980, its grip on the market was so tight that it accounted for 90% of gold bullion in the market.
Gold Krugerrands. In 1967, the government of South Africa minted the gold krugerrand to increase the marketing of South African gold. Although the krugerrand is considered as legal currency in South Africa, it is rarely used for that purpose. Instead, it has become a favorite of coin collectors all over the world, known as “medal coins.”. Krugerrands.gold assists buyers in acquiring Krugerrands at the best possible rates with added benefits like free storage or delivery. Our national network gives us the ability to offer you some of the most competitive rates on Krugerrands currently in the market.
As perhaps the first bullion coin ever designed and issued, the Gold South African Krugerrand is regarded as the “elder statesman” of gold bullion coins. Due to its popularity, other countries followed suit years later with the U.S. government minting the American Gold Eagle coins and Canada issuing the Canadian Gold Maple Leaf coins. This coin comes in 1 oz, 1/2 oz, 1/4 oz, 1/10 oz sizes. Use the calculator to help figure out the melt value of any.
| Denomination | Diameter (mm) | Thickness (mm) | Weight (g) | Purity | Gold content | Current Melt Value | |
|---|---|---|---|---|---|---|---|
| (g) | (oz) | ||||||
| 1 oz | 32.77 | 2.84 | 33.930 | 22 karat 91.67% | 31.103 | 1.000 | $1684.44 |
| 1/2 oz | 27.07 | 2.215 | 16.965 | 22 karat 91.67% | 15.552 | 0.500 | $842.22 |
| 1/4 oz | 22.06 | 1.888 | 8.482 | 22 karat 91.67% | 7.776 | 0.250 | $421.11 |
| 1/10 oz | 16.55 | 1.35 | 3.393 | 22 karat 91.67% | 3.110 | 0.100 | $168.44 |
1 oz Gold Gold Krugerrand
While the coin itself weighs 1 ounce, the 1 oz Gold South African Krugerrand is actually only 91.7% gold with the remainder metal being copper. This lends an orange tint to the coin instead of the more brilliant hue when silver is used. Since this is strictly a bullion coin, the 1 oz Gold South African Krugerrand has a value based strictly on gold spot value with a slight premium. These coins, while collectible in their own right, are more of a gold investment coin instead of a collectible coin such as the Canadian Gold Maple Leaf or U.S. American Gold Eagle coins.
Current Gold Price: $1836.90/oz
Gold Krugerrands For Sale
