Gold Krugerrand

Gold Krugerrand History

The Kruggerrand is a coin minted in South Africa. The name of this coin is a combination of the names of President Paul Kruger and the South African currency, the Rand. Unlike other coins around the world, the kruggerrand has no face value stamped on it. Krugerrands have always been produced in the same dimensions, purity and design. Although it contains exactly 1 oz of pure gold (31.10 grams), the coin itself weighs 33.93 grams, as the Krugerrand is a 22-carat gold coin. This makes it more robust, meaning it is less likely to deteriorate.

The obverse features the profile of President Kruger and the reverse bears the symbol of Africa, the springbok gazelle. International economic sanctions imposed on South Africa in the late 1970s due to its apartheid policy made it illegal to import the coin in many Western countries. These sanctions were lifted in 1994 with the end of apartheid. Since then, the number of coins minted each year has gradually increased, making the Krugerrand one of the most popular investment coins in the world.

Gold Krugerrand Price

An important factor affecting the price of a gold Krugerrand coin is the value of the gold it contains. The weight of a 1oz gold Krugerrand coin is 33.93g with a fineness of 916.7. This means that a 1oz gold Krugerrand coin has a pure gold content of 31.10g. The price of a gold Krugerrand coin is directly linked to the global price of gold.

Gold Krugerrand prices can vary thanks to the coin's history and numismatic appeal, with certain years or designs being particularly desirable with collectors. The price of a new 1oz gold Krugerrand coin will be based on today's gold price, with a small premium to cover the cost of manufacture and supply. Older or rare gold Krugerrand coins can cost considerably more than the gold price.

Our website is constantly updated to display the price of gold Krugerrand coins in real time. These gold Krugerrand coins have a diameter of 32.77mm and are a great investment or collector's item.

Gold Krugerrand Value

Investors often ask what is the value of a gold Krugerrand? Gold Krugerrand coins have a face value of 1 Rand. It is important to note that the face value has no bearing on the actual value of the coin. As mentioned, the gold Krugerrand coins main value can usually be worked out based on the current gold price. It is this simplicity that makes gold bullion coins appealing. They are bought and sold based on their intrinsic metal value without having to worry about any numismatic value and more complicated selling process.

You can always find an intrinsic value for a 1oz gold Krugerrand thanks to the public spot price. The value of a gold Krugerrand is therefore generally the same regardless of the year and is just based on the metal content. Some years of 1oz gold Krugerrand coins might command a further premium. A lower mintage, or special design could see their value increase beyond their metal content.

How Much are Gold Krugerrand Coins Worth?

If you are wondering how much are gold Krugerrand coins worth, a simple rule of thumb is that a gold Krugerrand has 31.10g of pure gold. If you see the gold price in grams/ounces you can therefore work out how much a gold Krugerrand is worth quite quickly.