A South Africa 1 Rand (Gold) contains 0.1178 troy oz of pure gold, worth $470.64 at today's spot price.
South Africa struck the 1 Rand gold coin from 1961 to 1983 in 91.7% gold. Each coin weighs 3.994 g and holds 0.1178 troy oz (3.662 g) of pure gold.
Melt values use these spot prices (US dollars):
- Gold $3,996.90 per troy oz Current quote · Quote time Oct 23, 9:59 PM 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Some prices could not be refreshed recently and may be out of date.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 | 1961–1983 |
|---|---|
| Face value | 1 Rand |
| Composition | 91.7% gold |
| Gross weight | 3.994 g |
| Fineness | .917 (91.7%) |
| Pure metal | 0.1178 troy oz (3.662 g) |
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.
-
3.994 g × .917 fine ÷ 31.1035 g per troy oz = 0.1178 troy oz
0.1178 troy oz × $3,996.90 spot = $470.64
Melt value vs. collector value
Melt value is a floor, not a price. Better dates, coins with mint luster and graded coins often sell well above melt; key dates and rare varieties can be worth many times more. Check the date and mint mark before selling a coin for its metal.