What is a Krugerrand worth?

What a Krugerrand is worth today

Gold is trading at $3,949 per troy ounce (the Kitco bid). We pay 96% of that for gold bullion coins, priced when we verify your package:

What is a Krugerrand?

The Krugerrand is South Africa's gold bullion coin, minted since 1967 and named for Paul Kruger, a 19th-century South African president, and the rand, the country's currency. It was the first modern coin made to hold exactly one ounce of gold, and it has no face value in dollars or rand: it trades on its gold.

• 22 karat: 91.67% gold, with copper added for durability. That's why a 1 ozt Krugerrand weighs 33.93 grams but holds 31.1 grams (one troy ounce) of pure gold, and why it has a warmer, orange tone than pure gold coins.
• Sizes: 1 ozt, and since 1980 the 1/2, 1/4, and 1/10 ozt coins, each holding the gold its size states.
• Proofs: proof Krugerrands have mirror-like fields and frosted designs. They hold the same gold; send photos if you have them in their original cases.

Check these before you sell

Keep Krugerrands in their tubes or capsules, and count them by size. Don't clean them. Krugerrands are among the most counterfeited gold coins, so every buyer will test them; we verify every coin on arrival and pay on what we find. For other gold coins, see how to sell gold coins.

Coin guides: Krugerrands · American Gold Eagles · American Gold Buffalos · Maple Leafs · Philharmonics · Britannias · American Silver Eagles · Sovereigns · Morgan and Peace dollars · Silver half dollars · Libertads · Pandas · Kangaroos · All 1 ozt gold coins · Mexican 50 pesos · Old U.S. gold coins · All gold coins · All 90% silver

We pay more than pawn shops, jewelers, and mail-in gold kits: in Consumer Reports' tests, jewelers and pawn shops paid 36% to 71% of melt value, and mail-in kits 11% to about 29%. We pay 94% for scrap gold. Who pays the most?