Cost of a Krugerrand: A Guide to South African Gold Coins

The Krugerrand is a popular South African gold coin that's been around since 1967. It's made of 22-karat gold and weighs 1 oz.

Krugerrands are widely recognized and accepted as a form of gold investment. They're also a popular choice for collectors.

The gold content in a Krugerrand is 91.66%, which is a significant amount of pure gold. You can verify this by checking the coin's purity and weight.

A Krugerrand typically costs between $1,200 and $1,500, depending on the market price of gold. This price range can fluctuate based on various market factors.

The Krugerrand's value lies not only in its gold content but also in its collectibility. Some rare Krugerrand coins can sell for thousands of dollars.

The South African Mint produces millions of Krugerrands every year, making them a relatively affordable gold investment option.

The 1-ounce gold Krugerrand is 91.67% fine gold and weighs 1.0909 troy ounces. It is distributed from the South Africa Mint in tubes of 10 and/or 15 coins per tube.

Its diameter is 32.7 mm, and thickness is 2.83 mm. The Krugerrand is the predominant way for individuals to buy gold bullion.

The South African Government introduced the Krugerrand in 1967, making it a legal tender gold bullion coin with a guaranteed weight and purity.

Here are the specifications for the 1 oz. Krugerrand and its fractional-weight coins:

The South African Gold Krugerrand is a highly regarded bullion coin. It's struck with one troy ounce of 22-karat gold, a significant amount of precious metal.

This coin is a trusted choice for investors and collectors due to its widespread acceptance and liquidity. The 1 oz. South African Gold Krugerrand is a timeless and reliable investment in precious metals.

The Krugerrand represents the rich history and mineral wealth of South Africa. Its value lies in its gold content, making it a sought-after item among those interested in precious metals.

The 1-ounce gold Krugerrand is a popular choice for investors and collectors, and for good reason. It's made from 91.67% fine gold, weighing 1.0909 troy ounces.

The Krugerrand got its start in 1967, when South Africa introduced it as a way for individuals to buy gold bullion. This was a game-changer, as it made gold ownership simple and accessible to people all over the world.

The Krugerrand is distributed from the South Africa Mint in tubes of 10 and/or 15 coins per tube. Its diameter is 32.7 mm, and thickness is 2.83 mm.

You can buy Krugerrands in various weights, including 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz. Here are the specifications for each:

The Krugerrand has become a staple in the world of bullion coins, and its popularity shows no signs of slowing down.

The South African Gold Krugerrand has a rich history dating back to 1967 when it was first introduced as a 1 Troy oz coin with 22-karat gold content.

Its popularity was immense, but its availability suffered in the 1970s due to Western economic sanctions imposed on South Africa.

You can still purchase South African Gold Krugerrands today, including from reputable dealers like JM Bullion, who can be reached at 800-276-6508 or contacted through their website.

JM Bullion's live chat feature allows you to get answers to your questions in real-time, making it a convenient option for buying gold.

The South African Gold Krugerrand was the only option for gold buyers from 1967 to 1979, but other gold coins like the Canadian Gold Maple Leaf and the American Gold Eagle became available between 1979 and 1989.

The most expensive Krugerrand ever sold was a rare 1967 1-ounce proof coin that was sold for over $300,000 in 2020.

These coins were made as a test run to see how well they would sell and were not available to the public. Most of these coins were melted down, but a few were saved and have become some of the most valuable coins in the world.

This particular coin was one of only 20 proof coins that were minted in 1967.

The Gold Krugerrand comes in various weights to suit different investors and collectors.

One of the original weights is the 1 Troy oz coin, but it's not the only option available. In 1980, the South African Mint introduced three fractional-weight coins: 1/2 oz, 1/4 oz, and 1/10 oz.

All four versions of the Gold Krugerrand remain in production today, featuring 22-karat (91.67%) gold content.

The Gold Krugerrand has a rich history of variations that have made it a favorite among gold investors and collectors alike. The South African Gold Krugerrand debuted as a 1 Troy oz coin, but it didn't stay that way for long.

In 1980, the Gold Krugerrand accounted for 90% of the global gold coin market, making it a huge success. As a result, the South African Mint expanded the collection to feature three fractional-weight coins: 1/2 oz, 1/4 oz, and 1/10 oz.

These four versions of the Gold Krugerrand remain in production to this day, each with 22-karat (91.67%) gold content.

The 2017 Platinum Edition of the Krugerrand is a unique and valuable coin. It was minted to commemorate the 50th anniversary of the Krugerrand, and only 2,017 specimens were produced.

These coins are highly sought after by collectors and can be traded at a price of around 4,000 euros. Normal platinum bullion coins, on the other hand, can be purchased for significantly less, between 1,300 to 1,600 euros.

Some Krugerrands are extremely rare due to the international boycotts against the Apartheid regime in South Africa. The coins issued during this time are naturally very valuable to collectors.

The 1992 Krugerrand is one of the rarest, with an estimated 3,870 specimens minted in circulation quality and 2,067 in Proof. This makes them highly sought after by collectors.

The mintages of Krugerrands plummeted during the boycott years, falling below 100,000 from a high of 6 million in the 1970s. This scarcity contributes to their value.

A Proof Krugerrand from 1992 can cost anywhere from 6,000 to 8,000 euros, depending on the dealer and the coin's condition.