As perhaps the first bullion coin ever designed and issued, the Gold South African Krugerrand is regarded as the “elder statesman” of gold bullion coins. Due to its popularity, other countries followed suit years later with the U.S. government minting the American Gold Eagle coins and Canada issuing the Canadian Gold Maple Leaf coins. This coin comes in 1 oz, 1/2 oz, 1/4 oz, 1/10 oz sizes. Use the calculator to help figure out the melt value of any.
|Purity||Gold content||Current Melt Value|
|1 oz||32.77||2.84||33.930||22 karat 91.67%||31.103||1.000||$1701.49|
|1/2 oz||27.07||2.215||16.965||22 karat 91.67%||15.552||0.500||$850.75|
|1/4 oz||22.06||1.888||8.482||22 karat 91.67%||7.776||0.250||$425.37|
|1/10 oz||16.55||1.35||3.393||22 karat 91.67%||3.110||0.100||$170.15|
1 oz Gold Gold Krugerrand
While the coin itself weighs 1 ounce, the 1 oz Gold South African Krugerrand is actually only 91.7% gold with the remainder metal being copper. This lends an orange tint to the coin instead of the more brilliant hue when silver is used. Since this is strictly a bullion coin, the 1 oz Gold South African Krugerrand has a value based strictly on gold spot value with a slight premium. These coins, while collectible in their own right, are more of a gold investment coin instead of a collectible coin such as the Canadian Gold Maple Leaf or U.S. American Gold Eagle coins.
Current Gold Price: $1855.50/oz