1 oz South African Krugerrand
The Krugerrand is the original gold bullion coin — first issued in 1967 and one of the most widely traded in the world. It contains one full troy ounce of gold and is recognized by dealers globally. This page covers what the coin is, what affects pricing, how it compares to other gold coins, and what to watch out for.
Gold Silver Crypto buys and sells 1 oz South African Krugerrands. Call or text for current availability or to get a quote on Krugerrands you want to buy or sell.
Images are for educational/reference use and may not represent current inventory.
Coin Specifications
| Metal | Gold |
| Weight | 1 troy oz (33.93g total weight) |
| Purity | .9167 fine / 22 karat |
| Mint | South African Mint / Rand Refinery |
| Country | South Africa |
| First minted | 1967 |
| Face value | None |
About the 1 oz South African Krugerrand
The 1 oz South African Krugerrand is produced by the South African Mint and Rand Refinery, first issued in 1967. It is 22-karat gold with a composition of 91.67% gold. The total coin weight is 33.93 grams because the gold is alloyed with copper for durability. The pure gold content is exactly one troy ounce.
The coin carries no face value. It was designed specifically as a bullion coin, not legal tender at a fixed denomination. Price tracks the gold spot market plus a dealer premium.
The obverse shows a portrait of Paul Kruger, president of the South African Republic. The reverse shows a springbok antelope, the national animal of South Africa. The design has remained consistent since 1967.
Krugerrands are available in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz sizes. Smaller sizes carry a higher premium per troy ounce. This page covers the 1 oz version.
Our Take
The Krugerrand is one of the easiest gold coins to buy or sell. It has been around since 1967, dealers worldwide recognize it, and it typically trades at one of the tightest premiums of any major gold bullion coin. Liquidity is not a concern.
The purity is the same as the Gold Eagle — both are 22-karat, .9167 fine. The Krugerrand tends to trade at a slightly lower premium than the Eagle in U.S. markets. For buyers focused on getting the most gold for the money, that spread is worth knowing.
One thing buyers sometimes miss: the Krugerrand does not qualify for a gold IRA. If IRA eligibility matters to you, the Eagle, Buffalo, or Maple Leaf are the right coins. The Krugerrand is an excellent bullion investment — it just cannot go into a standard gold IRA.
Gold Silver Crypto buys and sells 1 oz South African Krugerrands. Call or text for a current quote on either side.