Gold 1 Rand
Buy gold 1 Rand coins from BullionByPost. Below are our specific year 1 Rand gold coins, produced in South Africa by the South African Mint. The 1 Rand gold coin is struck to the same specifications as the British Half Sovereign, and was introduced in 1961 as circulating currency to replace that coin. Featuring a springbok on the reverse of the coin, the Rand coins share a similarity to the Krugerrand which would soon become the de facto bullion coin for the country.
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Gold 1 Rand Price
Gold 1 Rand prices are derived from the value of the gold each coin contains. Each gold 1 Rand coin weighs 3.98g grams, and is struck to a purity of 22 carat, meaning they contain 3.66g grams of pure gold.
Gold 1 Rand 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 1 Rand 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 1 Rand coins can cost considerably more than the UK gold price. With the global price of gold being primarily calculated in dollars, periods in which is the pound is weak versus the dollar will see UK gold 1 Rand prices rise, while a strong pound would see lower prices in the UK.
Our gold 1 Rand 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 1 Rand price shown includes fully insured delivery.
Gold 1 Rand Coin Specification
The gold 1 Rand coin is a South African gold coin manufactured by the Rand Refinery. South African gold 1 Rand coins weigh 3.98g with a diameter of 19.3mm. Gold 1 Rand coins are manufactured from 22 carat gold.
Gold 1 Rand Value
Investors often ask what is the value of a gold 1 Rand? South African gold 1 Rand coins have a face value of 1R. 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 1 Rand 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 1 Rand thanks to the publicly available spot price. The value of a gold 1 Rand is therefore generally the same regardless of the year and is just based on the metal content. Some years of gold 1 Rand 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 1 Rand value is to use its gold weight of 3.66g 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 1 Rand value, to ensure you have an accurate price.
How Much are Gold 1 Rand Coins Worth?
If you are wondering how much are gold 1 Rand worth, a simple rule of thumb is that a gold 1 Rand has 3.66g of pure gold, roughly 0.11 troy ounces. If you see the gold price in troy ounces you can therefore work out how much a gold 1 Rand is worth quite quickly.