South African Krugerrand
Last updated
The Krugerrand was the coin that made owning gold by the ounce accessible to everyday buyers, and it remains one of the most recognized gold coins anywhere. If you own one, here is exactly what you have.
Specifications at a glance (1 oz version)
| Specification | Detail |
|---|---|
| Country | South Africa |
| First minted | 1967 |
| Pure gold content | 1 troy oz (31.1 g) |
| Gross weight | 33.93 g |
| Purity | 22K (91.67% gold) |
| Diameter | 32.6 mm |
| Also minted in | 1/2 oz, 1/4 oz, 1/10 oz |
Why it matters in gold history
When it launched in 1967, the Krugerrand was the first modern coin designed to contain exactly one ounce of gold and be traded for that gold content. It became so popular that it inspired the bullion coins that came after it, including the American Gold Eagle. Like the Eagle, it is alloyed with copper to 22 karat for durability, which gives it a slightly reddish tone and a tougher surface, while still holding a full ounce of pure gold.
How its value is calculated
The Krugerrand's value comes mostly from its gold content measured against the current gold price. See how gold is priced →
Because the gold content is fixed and known, the coin's worth tracks the daily gold market. Certain years or exceptional condition can add a modest premium, though for most Krugerrands the gold content is the main driver.
How to spot a genuine one
Counterfeit Krugerrands exist, so verification matters. Genuine coins have precise weight, exact dimensions, and consistent detail. Weight or diameter that is even slightly off is a warning sign. We verify authenticity before we ever talk value, using the same careful process we have relied on for decades.
Buying and selling a Krugerrand at Coin Mart
Whether you inherited a Krugerrand or want to buy one, we can help. We authenticate and evaluate every coin in front of you, explain its gold content and any premium clearly, and make a fair offer based on the real market. See more gold coins → or compare it with the American Gold Eagle →
Frequently Asked Questions
- How much gold is in a 1 oz Krugerrand?
- Exactly one troy ounce of pure gold, about 31.1 grams. The total weight is 33.93 grams because it is alloyed to 22 karat for durability.
- What year was the Krugerrand first made?
- 1967. It was the first modern one-ounce gold bullion coin.
- Why is a Krugerrand a reddish color?
- It is alloyed with copper, which gives it a warmer, slightly reddish tone and a more durable surface than pure gold.
- Is a Krugerrand worth more than its gold?
- Usually its value tracks its gold content, though certain years or condition can add a modest premium. We evaluate both.
- Can I sell my Krugerrand at Coin Mart?
- Yes. We buy and sell Krugerrands, evaluated and authenticated in front of you.
Visit Coin Mart Jewelry
📍 396 E St, Chula Vista, CA · Est. 1959
Bring your Krugerrand in for an honest, expert evaluation. Walk in or send us a message.