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The Krugerrand is the world's most widely held one-ounce gold bullion coin, struck by the South African Mint and Rand Refinery since 1967. It is 22 karat (crown gold) but weighs slightly more than a troy ounce so it contains exactly one troy ounce of fine gold. That alloy makes it harder and more scratch-resistant than pure 24 karat coins like the Canadian Maple Leaf or Austrian Philharmonic, which is why it circulates and trades so easily. It suits buyers who want the deepest, most liquid one-ounce gold coin with the lowest premium over spot, and who don't mind a coin that may arrive with minor handling marks.
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Lowest price we've seen: $4,028.75 on Nov 3 at SilverGoldBull.com. Tracked across 3 stores since Nov 3.
The Krugerrand is a one ounce gold bullion coin produced by the South African Mint and Rand Refinery. It has been minted since 1967.
The coin is 22 karat gold (fineness 916.7). It weighs more than a troy ounce and contains exactly 1 troy ounce of fine (24 karat) gold.
Coins are sold based on bullion value and may be circulated. The coin sent is the store's choice of date.
