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South African Krugerrand

Weight: Spot Price: Buy Price:
1.00 oz $ 2,665.97 $ 2,767.28
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1 Oz Krugerrand Gold Coin for Sale

A Gold Krugerrand is a 1 oz gold bullion coin produced by The South African Mint. It is accredited as being the first modern bullion investment gold coin and is still one of the most popular gold bullion coins in the world.

Gold Krugerrands were designed and first minted in 1967 specifically as investment gold coins. They are widely traded on the global gold markets with some 50 million having been created and are therefore competitively priced and highly liquid. South African Krugerrands were mass produced to help retail investors purchase gold bullion with ease and in confidence.

GoldCore have supplied gold bullion coins including Gold Krugerrands to American investors since our inception in 2003.

What Are The Benefits Of Owning A Gold Krugerrands?

  • Gold Krugerrands contain 1 troy ounce (1oz) of investment grade gold
  • Gold Krugerrands are a legal tender coin backed by the South African government
  • Reverse: Will vary by year. Includes the date, weight, and purity
  • Sales tax-free in the U.S.
  • The Rand Refinery and South African Mint are respected international refiners and mints
  • Gold Krugerrands are available at competitive pricing and premiums
  • Gold Krugerrands are portable, internationally liquid form of financial insurance

How To Buy Krugerrands?

Buying South African Gold Krugerrands is an easy and simple process. You can buy them online for Delivery or Storage using the BUY button or you can call our office to place your order over the phone.

We sell Gold Krugerrands and all major bullion bar and coin products and you can pay by bank wire, credit card, or by debit card.

Gold Krugerrand for Sale

We make a market in Krugerrands and offer fully insured delivery to our American clients throughout the United States from our depository partner vaults in Delaware.

Insured delivery of Gold Krugerrands, including monster boxes, to homes or offices is also popular and many clients do both - take delivery of some Gold Krugerrands and own the rest in Secure Storage.

Many of our U.S. clients opt to store their Krugerrands in fully insured, offshore Secure Storage jurisdictions. We specialize in offering U.S. clients access to allocated and segregated bullion storage in secure nonbank vault partners in safer jurisdictions in the world such as Zurich, Hong Kong, London, and Singapore.

What Is The Price Of A Gold Krugerrand 

The price of a Gold Krugerrand (1 oz) is shown in the upper right section of this page. The price of a 1 oz gold Krugerrand is calculated using three components:

  1. Gold spot price. This is the price of an ounce of pure gold available for immediate delivery or delivery ‘on the spot’. It is typically determined by the best bid and offer for gold as offered by large bullion banks trading in real time throughout the world and quoted by data providers such as Thomson Reuters and Bloomberg.
  2. Weight and purity of gold. Gold Krugerrands have a purity of 0.9167 (purity), however, the coins total weight is 1.0909 ozs so that there is exactly 1 troy ounce of pure gold in each coin.
  3. The gold price premium is the percentage adjustment that is added or deducted from the gold spot price. The gold premium of gold coins or bars are determined by the costs of production, refining, fabrication, minting and the logistics of making the gold coins available for sale in the U.S. The price of a Gold Krugerrand is also impacted by supply and demand and the amount of gold being bought.

In order to determine the price of a Gold Krugerrand, simply multiply the spot price of gold by the number of gold troy ounce in the Gold Krugerrand (1 ounce) and then add or subtract the current premium for the coin or coins.

The value of a Gold Krugerrand is their competitive price, high popularity, and internationally liquidity. They are considered to be a portable store of value and a vital form of financial insurance. They are one of the best ways for gold buyers and investors to own physical gold. For 50 years, they have acted as a hedge and protected gold owners from domestic and international financial and monetary risks.

How Much Gold Is In A Gold Krugerrand?

Gold Krugerrands are 22 karat gold coin, with a fineness of 0.9167 or 22/ 24 pure gold. It is made of 11 parts gold to 1 part copper, creating an alloy known as a crown coin. The copper is added to provide durability and strength to the coin.

With exactly 1 troy ounce of fine gold, or 31.103 grams, the gross weight of the coin is slightly over a troy ounce at 1.0909 ozs or 33.93 grams.

The coin has a maximum diameter of 32.77mm and a thickness of 2.84mm. There are 180 serrations on the coin’s rim. The reverse of the Krugerrand shows an image of South Africa’s national animal, the Springbok. The front (obverse) of the Krugerrand bears the profile of Paul Kruger.

(Note: Gold Krugerrand are commonly misspelled as Gold Krugerand, Gold Kreugerrand, gold Kugerrand, Gold Kuggerand and Gold Krueger rand)

Minimum order value 5000 USD

Live Prices

Order Value Price Premium
$ 0 - $ 9,999 $ 2,767.28 3.80%
$ 10,000 - $ 14,999 $ 2,764.61 3.70%
$ 15,000 - $ 28,499 $ 2,761.94 3.60%
$ 28,500 - $ 41,499 $ 2,759.28 3.50%
$ 41,500 - $ 67,999 $ 2,756.61 3.40%
$ 68,000 - $ 133,999 $ 2,753.95 3.30%
$ 134,000 - $ 266,999 $ 2,751.28 3.20%
$ 267,000 + $ 2,748.62 3.10%

The History of Gold South African Krugerrands

The Krugerrand is named after Paul Kruger, a former President of the South African Republic in the late 1800s. Kruger is famous as the South African leader of the Boers against the British Empire in 1899-1902 Boer War.

The ‘Rand’ in the coin’s name comes from the South African currency, the Rand which is itself named after the world-famous Witwatersrand gold reef in the Transvaal, the largest gold producing area in the world.

In the mid-1960s the South African Chamber of Mines devised the Krugerrand as a way of selling South African gold to retail investors internationally. The first Krugerrands were minted in 1967 but only mass produced for the international market beginning in 1970.

Rand Refinery produces the coin blanks for gold Krugerrands which are minted by both The Rand Refinery and The South African Mint Company.

The Rand Refinery is a private company owned by four leading South African gold mining companies, namely, Goldfields, AngloGold Ashanti, Harmony and DRDGOLD. The refinery, located in Germiston, east of Johannesburg, is the largest single gold refining and smelting site in the world and has refined more than 25% of the world’s gold mining output.

It is regarded by gold market participants globally as one of the world’s premier precious metals refineries.

The South African Mint is the leading mint in Africa and the official mint of South Africa. It has over 100 years of experience minting gold and other coins for Africa and countries internationally. The South African Mint Company is located in Centurion, between Pretoria and Johannesburg and is a wholly owned subsidiary of the South African Reserve Bank (SARB).

Gold Krugerrands have legal tender status in South Africa but they have never recorded a face value on the obverse or reverse side of the gold coin. This was done in order to underline that the value of each gold coin is directly related to the prevailing value of their fine gold content.

Should I Buy Gold Krugerrand Coins?

Buy Krugerrands in US. Gold Krugerrands typically command premiums of between 3.3% and 4% with GoldCore who offer some of the most competitive premiums in the U.S. for both deliveries in the U.S. and for secure international storage. They are the world's first modern bullion coin and are by far the most recognized in the world. There will always be a market for Krugers no matter where you are and for that reason, they are worth owning.