Gold Krugerrand 1 oz

Name: Gold Krugerrand 1 oz
Brand: South African Mint
SKU: gold-krugerrand-1oz
Price: 3029.35 GBP
Availability: InStock

The 1 oz Gold Krugerrand was the world's first modern gold bullion coin, launched by South Africa in 1967, and it remains one of the most widely traded gold coins. It contains exactly one troy ounce of fine gold, alloyed with copper to 22 carats (916.7) for a harder, more scratch-resistant coin.

Images are for illustration and show the general design. The year of issue and design details of the coin you receive may vary.

£3,029.35

VAT-free investment gold · updates live

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£2,839.10

We buy this coin at 97% of the spot value of its fine metal content. The price moves with the market.

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Metal	Gold (Au, element 79)
Fine metal content	1 ozt
Fineness	916.7
Premium over spot	3.5%
We buy at (97% of spot)	£2,839.10
Spot price used	£2,926.91 / ozt
VAT	VAT-free investment gold · United Kingdom
Price chart	Gold price chart →

Price in every currency

Currency	Price	We buy	Exchange rate used
GBP	£3,029.35	£2,839.10	1 GBP = 1.3380 USD
EUR	€3,629.68	€3,401.73	1 EUR = 1.1167 USD
USD	US$4,053.27	US$3,798.71	—
CHF	CHF 3'344.56	CHF 3'134.51	1 CHF = 1.2119 USD
CAD	CA$5,668.11	CA$5,312.14	1 CAD = 0.7151 USD
AED	AED 14,885.62	AED 13,950.78	1 AED = 0.2723 USD

About the 1 oz Gold Krugerrand

The obverse carries the portrait of Paul Kruger and the reverse the springbok antelope designed by Coert Steynberg. Because copper is added, the coin weighs 33.93 g and has a warmer, slightly reddish tone than 24-carat coins. It measures 32.77 mm across and carries no face value.

One-ounce gold coins from national mints are the most widely recognised form of investment gold. The issuing mint stands behind each coin's weight and purity, so the 1 oz Gold Krugerrand is easy to sell to bullion dealers around the world, and its price follows the gold spot price closely, with a modest premium for minting.

Buying and paying

The 1 oz Gold Krugerrand is priced live from the gold spot price plus a stated premium of 3.5%, in any of six currencies. At checkout your price is locked for 10 minutes while you confirm your order. You then pay by bank transfer (UK Faster Payments, SEPA or SWIFT), quoting your order number. Any VAT for your delivery country is shown before you order.

Frequently asked questions

Why is the Krugerrand 22 carat?

The Krugerrand is alloyed with copper to make it harder, so it resists scratches and wear better than pure gold. It still contains exactly one troy ounce of fine gold. The copper adds weight, which is why the whole coin weighs 33.93 g.

Does the Krugerrand have a face value?

No. The Krugerrand has no face value printed on it, but it is legal tender in South Africa. Its value comes entirely from the gold it contains.

Why does the Krugerrand look more orange than other gold coins?

The copper in its alloy gives the Krugerrand a warmer, orange-red tone compared with 24-carat coins such as the Britannia or Maple Leaf. This is normal and doesn't change how much gold it contains.

Is there less gold in a Krugerrand than in a Britannia?

No. Both contain one troy ounce of fine gold. The Krugerrand is 22 carat and slightly heavier because of its copper, while the modern Britannia is 24 carat. Many buyers simply choose whichever has the lower premium.

Can I sell it back to you later?

Yes. We buy coins like this back at 97% of the live spot value of their fine metal content, with no fees. Request a quote on our Sell to us page, and we pay by bank transfer once we have received and checked the item.