The price of a Krugerrand gold coin fluctuates based on the current market price of gold, also known as the spot price, plus an additional premium charged by dealers . As of August 14, 2025, the spot price of gold is around $3,364.63 USD per ounce.
The premium added to the gold spot price covers the costs of minting, distribution, and the dealer’s profit margin. This premium can vary based on factors like:
- Rarity and demand: Coins with lower mintage numbers or special editions can command higher premiums, especially if they are in mint or proof condition. For example, first-year issues from 1967 (with only 40,000 minted) or limited mintmark proofs like the 1997 Sabi Sabi are highly sought after by collectors and may sell for higher prices.
- Dealer fees and market liquidity: Dealers charge varying premiums, and the liquidity of the market (how easily a coin can be bought or sold) also influences the premium.
- Economic and geopolitical events: Times of economic uncertainty or geopolitical instability can increase demand for gold as a safe-haven asset, potentially pushing up the premium on Krugerrands.
Prices can vary slightly depending on the dealer and payment method.
- [1 oz Gold Krugerrand]:
– Around $3,454 – $3,457 (check/wire payment).
– Slightly higher with credit card or PayPal.
– [BullionByPost.com offers] them starting at $3,518.
– [Austin Rare Coins] lists the 1 oz coin starting at $3,457.48 for check or wire payments and $3,592.19 for credit card or PayPal payments.
- [Fractional Krugerrands]:
– 1/10 oz: Around $387.80. [Monument Metals also offers] 1/10 oz coins for $368.80.
– 1/4 oz: Around $901.56.
– 1/2 oz: Around $1,777.84.
- [
South African Gold Krugerrand 1 oz Random Year Uncirculated $3,397.71]
- [
2014 South Africa 1/10 oz Gold Krugerrand $470.39]
- Krugerrands are made of a 22-karat gold and copper alloy (91.67% pure gold), which makes them more durable.
- They do not have a face value inscribed on them, as their value is directly linked to the prevailing market price of their gold content.
- While most buyers value Krugerrands primarily for their gold content, collectors may pay a premium for certain vintage coins in pristine condition or those from low-mintage years.
It’s recommended to consult with a reputable dealer or use online resources that provide real-time pricing information before buying or selling Krugerrand gold coins.
Are Krugerrands 100% gold?
From my experience, The Krugerrand Is 22-karat Gold — Not Pure Gold.
As opposed to some of the gold bullion coins that have a 99.99% gold content, the Krugerrand coin has around 91.67% gold (22 karats), and the other 8.33% is copper. The alloy gives the coin its reddish hue but makes it much more durable against common wear.
Is it legal to own Krugerrands in the USA?
Great question! The coin is completely legal. In 1985 the US governement banned the coin due to the politics of South Africa’s apartheid government. But those bans were lifted and the Krugerrand can be imported, bought or sold like other coins.