South African Gold Krugerrand Coin Technical Information & Specifications
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You can find all of our gold Krugerrands by clicking here and browsing the online catalogue.
History of the Gold Krugerrand
The Krugerrand was the first modern gold bullion coin which was issued in the standard weight of one troy ounce (31.1035 grams). This was ideal for smaller investors looking to purchase gold bullion in the accessible form of coins with a standard weight which would be easy to buy and sell all over the world. The Krugerrand became one of the most easily recognised investment gold coins.
To view more about the history of the gold Kruger from when it was first introduced in 1967, click here.
Obverse of the Krugerrand
The obverse of the Kruger shows the bust of Paul Kruger, the President of the South African Republic from 1883-1900, facing left. This was deisgned by Otto Shultz. It is from this where the name "Kruger-Rand" evolved. Kruger for the president followed by the national currency of South Africa, the Rand.
Reverse of the Krugerrand
The reverse shows a Springbok designed by Coert Steynberg.
The design stays the same from year to year. The only variations which currently exists are the addded privy marks to celebrate the anniversaries of the bullion Krugerrand.
You may also see frosted reverses and obverses on some Krugers.
Edge of the Krugerrand
The Kruger has a milled edge. The number of serrations used on each size coin varies as well as on each finish. The 1oz Kruger is has 160 serrations, with some versions having 188 and some 220. You can veiw more about serratoins in our blog here.
Metal Content of the Gold Krugerrand
The gold Krugerrand contains 22ct gold, fineness of 0.917. The gold Kruger equates to 11/12 part gold, with the remainder 1/12 parts copper. The added copper gives the gold Kruger a reddish tone. The 22ct gold used makes the Kruger more durable as well as taking the weight of the whole coin, over a troy ounce to 33.9305 grams.
Fraction Gold Krugerrands
From 1980, three more sizes were introduced, these were the half, quarter, and tenth ounce sizes. The fraction coins still contain the same ratio of 22ct gold to copper.
The following table summarises the gold content of all the sizes.
|Size||Weight / grams||Fineness / 1.000||Gold Conten / grams||Gold Content / tory ounces|
Below shows a table of tolerences for the gold Krugerrand family for the weight, diametre and thickness. The edge shows the number of serrations.
|Size||Remedy (Grams)||Min Diameter (mm)||Max Diameter (mm)||Min Thick (mm)||Max Thick (mm)||Edge|
|1 oz||+ 0.07||32.61||32.77||2.74||2.84||160*|
|1/2 oz||+ 0.035||26.93||27.07||2.115||2.215||185*|
|1/4 oz||+ 0.02||21.94||22.06||1.788||1.888||150*|
|1/10 oz||+ 0.01||16.45||16.55||1.25||1.35||115|
Face Value of the Gold Krugerrand
The gold Kruger has a legal tender staus in South Africa although there is no denomination on the coin. The Kruger has an ounce denomination and half ounce denomination and so on for the fraction sizes. This means that the face value of the Kruger is the value of the gold at the time it is traded.
Buy & Sell Krugerrands in the UK
The Krugerrand is not exempt from Capital Gains Tax which may be a drawback for some investors in the UK. However, cheap Krugerrand coins are often one of the most popular ways to buy gold bullion coins. Our current offer price for sale is £1,202.98 for our 1 oz Gold Coin Krugerrand Bullion Best Value Secondary Market. Our current buy back price is £1,172.