The gold Krugerrand is the world’s oldest and most famous official bullion coin. It contains 31.1 grams, or one troy ounce, of gold. The total weight is slightly higher at 33.93 grams, as 2.8 grams of copper are added. This makes the coin 22 carats, giving it its characteristic reddish-golden color.
Since the Krugerrand contains exactly one troy ounce of gold, its value is equivalent to that of other one-ounce gold coins such as the Maple Leaf. Many investors prefer the Krugerrand for its distinctive hue and because it is more resistant to scratches than a pure gold coin.
The Krugerrand is considered the classic gold investment coin and remains one of the most widely traded in the world. Nearly 50 million troy ounces of Krugerrands have been minted, making it the most circulated gold bullion coin globally.
The gold Krugerrand was first issued in 1967 by The South African Mint. Like other investment coins, it contains 31.1 grams (one troy ounce) of fine gold. Due to its gold-copper alloy, it is slightly heavier, weighing exactly 33.9305 grams, with 31.1 grams of gold and 2.8 grams of copper. This alloy not only gives the coin its legendary reddish hue but also makes it stronger and more resistant to wear.
The obverse features a portrait of Paul Kruger, the former president of the South African Republic, affectionately known as “Uncle Paul.” Surrounding the portrait are the inscriptions “South Africa” and “Suid-Afrika.” The reverse shows the national symbol of South Africa, the springbok antelope, along with the year of issue and the weight of one troy ounce of fine gold. The coin’s reeded edge and detailed design are the work of artists Otto Schulz (obverse) and Coert Steynberg (reverse).
Would you like to sell your gold coins? Holland Gold offers a buyback guarantee for this coin. We also purchase coins that were not originally bought from us. Visit our website under the “Sell to us” section to view the current buyback price.
| Fine weight | 1 Troy Ounce (31.1 Gram) |
| Total weight | 33,93 Gram |
| Dimensions | Ø 32.76 mm x 2.84 mm |
| Purity / Content | 916,7/1000 - 22 Carats |
| Year of issue | Various dates |
| Country of Origin | South Africa |
| Condition | Previously circulated |
| Mint House | The South African Mint |
| Packaging | Soft plastic coin capsule, per 10, 15 or 20 coins in a tube |
| Legal tender | Yes |
| Face value | - |
| Tax (VAT) | Exempt from VAT |
| Insured shipment possible | Yes, at a location of your choice |
| Pick-up available | Yes, in Alkmaar or Rotterdam |
| Storage possible | Yes, in the Netherlands |