A South African Gold Krugerrand contains 1.0000 troy oz of pure gold, worth $3,996.90 at today's spot price.
First minted in 1967, the Krugerrand was the first modern gold bullion coin. It is 22-karat gold and has no face value printed on it.
Melt values use these spot prices (US dollars):
- Gold $3,996.90 per troy oz Current quote · Quote time Oct 24, 12:19 AM EDT
Some prices could not be refreshed recently and may be out of date.
Melt value is the metal content at spot price, not a buy or sell price. Collectible coins can be worth much more. For reference only.
Specifications
| Years | 1967–present |
|---|---|
| Face value | — |
| Composition | 91.67% gold, 8.33% copper |
| Gross weight | 33.93 g |
| Fineness | .9167 (91.67%) |
| Pure metal | 1.0000 troy oz (31.103 g) |
| Diameter | 32.77 mm |
How the melt value is worked out
Melt value is the pure gold in the coin multiplied by the spot price. We use the coin's standard minted weight; worn coins weigh slightly less.
-
33.93 g × .9167 fine ÷ 31.1035 g per troy oz = 1.0000 troy oz
1.0000 troy oz × $3,996.90 spot = $3,996.90
How to identify it
- Paul Kruger on the obverse; a springbok antelope on the reverse.
- The copper alloy gives Krugerrands their orange-gold color.
Melt value vs. collector value
Bullion coins usually sell for a premium over melt value. Proof, low-mintage and graded coins can be worth considerably more than their metal.
Related tools
Sources
- The Royal Mint: 2018 Gold Krugerrand — checked 2026-10-22
- FNB: Krugerrand specifications — checked 2026-10-22