How much is a gold Krugerrand worth?
20th April 2025: Today, we're paying £2,360.49 for one ounce Krugerrands. Visit our secure counter or use our efficient postal service for same-day payment.
The 1oz Krugerrand is a gold bullion coin that has dominated the gold buying landscape in many of the years following its original 1967 release. Each example, originating from the Rand Refinery or South African Mint, holds precisely one troy ounce of pure gold in its 22ct gold composition.
Part of this coin's national popularity is its subjects. On the obverse sits former President Paul Kruger as designed by Otto Schulz, which is complimented by Coert Steynberg's springbok, here shown 'pronking'.
Gold Traders will buy your one troy ounce Krugerrand coins at our best rate. In fact, our live prices for bullion Krugerrands of all denominations can be found right here on our site. This upfront pricing, as well as no hidden fees and an informed valuation, is why so many have chosen to sell their gold through us since we began in 2008.
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We pay starting from £73.10 per gram. View all prices we pay.
Sell your 1oz Gold KrugerrandHow much is a gold Krugerrand worth?
Ready to sell your 1oz Gold Krugerrand ?
|
Weight in grams | Fineness purity | Gold content | Value in £ |
|---|---|---|---|---|
| South African Gold Coins | ||||
| 1oz Gold Krugerrand | 33.93 | .9167 | 31.103 | £2,360.49 |
| Half Krugerrand | 16.965 | .9167 | 15.552 | £1,180.24 |
| 1/4oz Gold Krugerrand | 8.482 | .9167 | 7.776 | £590.50 |
| 1/10oz Gold Krugerrand | 3.393 | .9167 | 3.11 | £235.90 |
| 1 Pond Gold Coin | 7.98 | .9166 | 7.31 | £554.80 |
| 2 Rand Gold Coin | 7.98 | .9167 | 7.32 | £554.80 |
| 1 Rand Gold Coin | 3.99 | .9167 | 3.66 | £277.40 |
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Krugerrand: Details And History
Intended for use as a common coin, the Krugerrand has been minted since 1976 using 22-carat gold alloy to withstand the rigours of daily use.
During the seventies and eighties, economic sanctions against South Africa made importing Krugerrands illegal in most Western countries, even though Krugerrands were legal tender for trade in South Africa. The economic sanctions placed against South Africa in an almost global statement against apartheid could have devastated the value of the Krugerrand and the South African economy, but even though the Krugerrands were illegal for import in most countries, the Krugerrand accounted for 90% of the global gold coin market. Over 46 million ounces of gold have been used to mint South African Krugerrands.
Being one of the first bullion gold coins, the success of the Krugerrand inspired many other countries to mint their own gold bullion coins, including the Canadian Gold Maple Leaf, the Australian Nugget, the American Gold Eagle and the British Britannia.
The 1oz Krugerrand is minted from a 22-carat gold alloy, which uses 1 ounce of pure gold and 2.826 grams of copper. This alloy is the same used in English gold Sovereigns and is often called "crown gold." This gold-copper alloy makes the Krugerrands more durable and also gives the coins their orange-tinted colouration.
Sell Your One Ounce Krugerrand Coins With Gold Traders
If you have made the decision to sell your 1oz Gold Krugerrands, simply input your South African coins into our online claim form to get started. The agreed figure could land in your designated account in as little as 24 hours. If you have questions prior to your sale, do get in touch through your desired means.
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