Buy gold Krugerrand coins from BullionByPost. The gold Krugerrand is a favourite with investors, and was the first bullion investment gold coin to be produced. Traditionally produced in the 1oz size, since 1980 Krugerrands are also available in three additional smaller sizes.
Introduced by the South African Mint in 1967, they quickly became the top choice for investors, and accounted for 90% of the global gold market by 1980 due to its success as a vehicle of wealth, backed with a rich history. Its demand inspired other international mints to issue gold bullion coins of their own.
All of our gold Krugerrands include FREE, fully insured delivery. For more information email email@example.com or call us on 0121 634 8060.
Gold Krugerrand History
The Krugerrand gold coin is named after First President Paul Kruger, a four-term president of the old South African Republic. Kruger features on the obverse side of the Krugerrand, while the reverse image features the springbok, a national symbol of South Africa.
The Krugerrand is a 22 carat gold coin, meaning 91.67% of the coin is gold, with the remainder made of copper. This is the traditional way of producing gold coins, with the copper adding extra durability to the soft pure gold. The use of copper gives the Krugerrand a distinct reddish tone versus more modern 24 carat gold coins.
The popularity of the coin is still high today, with a silver Krugerrand recently being introduced. The tax benefits of domestic coins has seen fierce competition, but the Krugerrand gold coin remains a firm favourite globally and can be easily resold in the future. Read more on the history of the Krugerrand.
Gold Krugerrand Price
Gold Krugerrand prices are derived from the value of the gold each coin contains. Each gold Krugerrand coin weighs 33.93 grams, and is struck to a purity of 22 carat, meaning they contain 31.10 grams of pure 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 gold Krugerrand coin will typically be based on today's gold price, with a small premium to cover the cost of manufacturing and supply of the coin. Older or rare gold Krugerrand coins can cost considerably more than the UK gold price. With the global price of gold being primarily calculated in dollars, periods in which the pound is weak versus the dollar will see UK gold Krugerrand prices rise, while a strong pound would see lower prices in the UK.
Our gold Krugerrand prices are displayed in real-time, updating every two minutes in-line with the current gold spot price. Investment gold is VAT-free, and the gold Krugerrand price shown includes fully insured delivery.
Gold Krugerrand Coin Specification
The gold Krugerrand coin is a South African gold coin manufactured by the Rand Refinery. South African gold Krugerrand coins weigh 33.93g with a diameter of 32.77mm. Gold Krugerrand coins are manufactured from 22 carat gold.
Gold Krugerrand Value
Investors often ask what is the value of a gold Krugerrand? South African gold Krugerrand coins have a face value of 1 Rand. It is important to note that the face value is a nominal amount that 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 a simple benchmark value for a gold Krugerrand thanks to the publicly available 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 gold Krugerrand might command a further premium. A lower mintage, or special design could see their value increase beyond their metal content.
The easiest way to work out a gold Krugerrand value is to use its gold weight of 31.10 grams and multiply that by the current gold spot price in grams. As a coin with a purity of 916.7 fineness, it's important to calculate the 22 carat gold Krugerrand value, to ensure you have an accurate price.
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, or 1 troy ounce. If you see the gold price in troy ounces you can therefore work out how much a gold Krugerrand is worth quite quickly.