South African Krugerrand 1 oz
Live Melt Value
$4,019.00
Gold content: 1.0000 oz (31.10g)
3 minutes ago
Specifications
Melt value by currency
Melt value by quantity
Compare with similar coins
| Coin | Gold content | Purity | Melt value |
|---|---|---|---|
| South African Krugerrand 1 oz | 1.0000 oz | 91.7% | $4,019.00 |
| South African Krugerrand 1/2 oz | 0.5000 oz | 91.7% | $2,009.50 |
| South African Krugerrand 1/4 oz | 0.2500 oz | 91.7% | $1,004.75 |
| South African Krugerrand 1/10 oz | 0.1000 oz | 91.7% | $401.90 |
| Nigerian Gold Bar 1g | 0.0321 oz | 99.9% | $129.01 |
Market analysis by Mehmet Aydın·Precious Metals Editor·Last updated April 2026About the South African Krugerrand 1 oz
The South African Krugerrand 1 oz is a 91.7% pure gold coin (22K) produced by South African Mint in South Africa since 1967-present. It contains 31.10g (1.0000 troy oz) of pure gold with a total weight of 33.931g. At today's spot price of $4,019.00/oz, the melt value is $4,019.00.
As a modern bullion coin, the South African Krugerrand 1 oz is designed for gold investment and wealth preservation. It typically trades at a small premium (3-8%) above its melt value. The Krugerrand series is one of the most widely recognized and traded gold coins worldwide.
The South African Krugerrand 1 oz is minted in 22 karat gold (91.67% pure), alloyed with copper for improved durability. Despite the lower purity compared to 24K coins, it contains exactly 1.0000 troy oz of pure gold.
When buying a South African Krugerrand 1 oz, expect a dealer premium of 3-8% above melt value. When selling, reputable dealers pay 96-99% of melt value. Compare offers from at least 3 dealers before selling.
Did you know?
The Krugerrand was the world's first 1 oz gold bullion coin, introduced in 1967. It was banned during apartheid but is now one of the most widely held gold coins globally.
How to buy and sell a South African Krugerrand 1 oz
Buying
Purchase from reputable bullion dealers, banks, or government mints. Expect a premium of 3-8% above the melt value. Verify weight and purity before completing the purchase. Store in a safe or bank deposit box.
Selling
Sell to online bullion dealers for the best prices (96-99% of melt). Local coin shops offer 90-95%. Pawn shops offer the lowest at 80-90%. For rare coins, consider auction houses.
South African Krugerrand 1 oz specifications
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How much is a South African Krugerrand 1 oz worth today?
At today's gold price of $4,019.00 per troy ounce, the South African Krugerrand 1 oz has a melt value of about $4,019.00 — the worth of the 1.0000 oz of gold it contains. In practice you will pay a little above melt when buying and receive close to melt when selling, because dealers add a premium for minting, distribution and their margin. The melt value is the floor: it tells you what the metal alone is worth, which makes it the right number to measure any dealer's quote against.
South African Krugerrand 1 oz history
The South African Krugerrand 1 oz comes from South Africa and has been issued 1967-present by South African Mint. Coins like this were created to give investors and collectors a trusted, mint-backed way to own a precise amount of gold. Over the years it has built a reputation for consistent quality and recognisability — and recognisability is what gives a bullion coin its staying power, because a widely-known coin is easier to buy, sell and authenticate anywhere in the world. Its design and specifications have been kept stable so each new issue is interchangeable with the last.
South African Krugerrand 1 oz premium over spot
A South African Krugerrand 1 oz almost always costs more than its raw melt value. That extra is the premium, and it covers refining, minting, distribution and the dealer's margin. For a widely-traded bullion coin the premium is usually modest — often around 3-8% over spot — while scarcer or collectible coins can carry much higher premiums, and premiums also rise when demand spikes or supply tightens. When you sell, you typically recover 96-99% of the metal value, so buying at a low premium from a reputable dealer is the single biggest factor in your long-term return.
Where to buy and sell a South African Krugerrand 1 oz
Buy South African Krugerrand 1 oz coins from established, accredited bullion dealers — a trusted local coin shop or a major online dealer — and compare the total price including premium and shipping before committing. Check authenticity: buy sealed or graded where possible, verify the weight and dimensions, and be wary of prices that look too good to be true. When selling, get quotes from several dealers, as offers vary; a recognised coin in good condition with its packaging fetches the best price. Avoid pawn shops for bullion coins — specialist dealers almost always pay closer to true value.
Is the South African Krugerrand 1 oz a good investment?
As an investment the South African Krugerrand 1 oz has clear strengths: it holds 1.0000 oz of 91.7% gold, it is highly recognisable, and that recognisability makes it liquid — easy to sell quickly at a fair price almost anywhere. Like all gold, it is best treated as a long-term store of value and a hedge against inflation and currency weakness rather than a quick trade. The main cost to watch is the premium: pay too much over spot and it takes longer for the gold price to catch up. Bought sensibly from a reputable dealer and held for the long term, it is a solid, low-fuss way to own physical gold.
How much is a South African Krugerrand 1 oz worth today?▾
Based on today's gold spot price of $4,019.00/oz, a South African Krugerrand 1 oz has a melt value of $4,019.00. Market price may include a dealer premium above melt.
What is the gold content of a South African Krugerrand 1 oz?▾
A South African Krugerrand 1 oz contains 31.10g (1.0000 troy oz) of pure gold. Total weight is 33.931g at 91.7% purity (22K).
Is a South African Krugerrand 1 oz a good investment?▾
The South African Krugerrand 1 oz contains 1.0000 oz of gold providing intrinsic value. Bullion coins trade near melt while historic coins may carry numismatic premiums.
How can I verify a South African Krugerrand 1 oz is genuine?▾
Check weight (33.931g), diameter (32.77mm), and thickness (2.84mm) with precision instruments. Gold is not magnetic — a magnet test detects common fakes. For high-value coins, get PCGS or NGC certification.
Where is the best place to sell a South African Krugerrand 1 oz?▾
Online bullion dealers pay 96-99% of melt value. Local coin shops: 90-95%. Pawn shops: 80-90%. For rare specimens, auction houses may pay above melt. Always get multiple quotes.
How much does a South African Krugerrand 1 oz weigh?▾
A South African Krugerrand 1 oz weighs 33.931g total. Of this, 31.10g (1.0000 troy oz) is pure gold. Diameter: 32.77mm, thickness: 2.84mm.
What is the premium on a South African Krugerrand 1 oz?▾
The South African Krugerrand 1 oz typically trades at a premium of around 3-8% over its melt value, covering minting, distribution and dealer margin. Scarcer dates or graded coins can cost more. When selling, you usually recover 96-99% of the metal value.
Where can I sell my South African Krugerrand 1 oz?▾
Sell to established bullion dealers or reputable coin shops, online or local, and get quotes from several since offers vary. A recognised coin in good condition with its packaging sells closest to its $4,019.00 melt value. Avoid pawn shops, which tend to pay less.