1 oz Krugerrand Gold Coin - Random Year

The 1 oz Krugerrand Gold Coin is the first investment-grade gold coin for investors, intended to be a trusted store of value. The design has remained virtually unchanged since its introduction in 1967.

The 1 oz Krugerrand Gold Coin has a 57-year mintage history, making it one of the most recognizable modern gold bullion coins. Arguably, it is one of the most liquid gold investments due to the wide availability of Krugerrand Gold Coins on the secondary market. 

Investors often find that buying a 1 oz Krugerrand Gold Coin from the secondary market will have a lower premium than buying newly minted coins. 

1 oz Krugerrand Gold Coin Highlights

• Minted from 22k or 91.67% pure gold with copper (cu) added for durability, strength, and color.
• Obverse: Portrait of former South African political leader Paul Kruger.
• Reverse: Shows a hopping Springbok in a field, along with inscriptions for the date, weight, and purity.
• Contains one troy ounce of .999 fine gold.
• Minted in South Africa.
• Issued each year since 1967.

The 1 oz Krugerrand Gold Coin is ideal for investors of all types who are looking to invest in precious metals. These coins are a good choice for diversifying a portfolio that may be heavy in assets with short-term volatility. 

As a store of value, today's gold price determines the value of a 1 oz Krugerrand Gold coin. 

Krugerrand Design

The obverse features a portrait of Paul Kruger, the former South African President and notable politician who helped bring independence to the country.

The reverse depicts a springbok antelope, a national symbol of South Africa. It also includes inscriptions to identify the year of minting, along with the words "Krugerrand" and "Fyngoud 1 oz Fine Gold."

This coin has no nominal face value. Its legal tender status in South Africa is based solely on its intrinsic gold content.

Each Krugerrand contains precisely one troy ounce (31.1035 grams) of pure gold alloyed with copper for a total gross weight of 33.93 grams.

The strength of the alloy provides durability and gives the Krugerrand its distinctive, slightly reddish hue. The luster is enchanting and is one thing that differentiates this coin from the others.

Krugerrand History

Initially intended as an investment vehicle to promote the private ownership of precious metals, the Gold Krugerrand was first minted in 1967 by the South African Mint.

The 1 oz Krugerrand gold coin has a gross weight of 1.0909 troy oz (33.933 grams), and its composition contains one full troy ounce of pure gold by weight.

Sanctions were imposed on South African goods during the 1970s and 1980s due to their political policies of Apartheid. The Comprehensive Anti-Apartheid Act was introduced in 1985, and it banned the import of Krugerrands into the U.S. beginning in 1986.

These sanctions prevented the importation of these coins from 1986 until the 1990s when the end of apartheid policy lifted the ban on Krugerrand coins.

South African Mint

The South African Mint is a wholly owned subsidiary of the South African Reserve Bank, the country's central bank. Its state-of-the-art facility in Centurion includes coin presses, a research and development unit, and a numismatic department. The mint also has a visitor center where the public can learn about the minting process and the history of South African coins.

Potential Numismatic Value

As a vintage gold coin, some 1 oz Krugerrand may also carry numismatic value. Learn more about 1 oz Krugerrand Coin Values in our Bullion Coin Value Guide.

FindBullionPrices.com tracks prices from some of the most trusted and reputable online bullion dealers to help find the lowest prices on 1 oz Krugerrand Gold Coin - Random Year.

The gold prices on our site for coins and bullion are updated hourly and adjusted with gold spot price. We give you the tools to compare prices of gold coins from well-reviewed bullion dealers.

Comparing prices for Gold Krugerrands across multiple bullion dealers help to ensure that you pay the lowest price.

Our Closest to Spot tool can help you find the lowest premium when you are ready to buy gold coins.

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