Advice on Selling and Buying Scrap Gold

Gold Krugerrands – Gold Krugerrand Facts, Specifications & Dimensions

The Gold Krugerrand offers an excellent way to invest some of your money into gold coins or gold bullion.

Gold Krugerrand coins are seen as a good investment since they always retain the value of the gold content, which may vary, as well as some numismatic value to coin collectors – we’ll cover this later.

Gold Krugerrands are widely recognised as one of the most common gold coins, they are available in sizes containing:

  1. a full ounce of pure gold
  2. half an ounce of gold
  3. a quarter of an ounce of gold
  4. a tenth of an ounce.

This makes the full Krugerrand very popular since the cost per ounce of gold is smaller.

Besides the full gold Krugerrand, it is also possible to buy half Krugerrands, which obviously contain half of the amount of gold than the full gold Krugerrand, and consequently the gold content is worth around half the price of a full gold Krugerrand.

It may well be that other gold coins like the Sovereign, Maple, or Panda may better suit your requirements, or you may be buying gold coins for their aesthetic qualities (gold coins do look very attractive!), we’ll go into some details of these on our gold coins page.

The Gold Krugerrand

The first gold Krugerrand was minted in 1967 and by the 1980’s they accounted for 90% of the gold coin market.

The coin depicts the head of Paul Kruger, president of South African from 1883 to 1900, the coins name being the joining of Kruger, and the national unit of currency, the Rand.

The other side of the coin shows a springbok (antelope), a national symbol.

The Full Gold Krugerrand

South African gold bullion Krugerrand are more common than any other gold bullion coin. They are made from 22ct gold & have the following specifications:

1 oz Gold Krugerrand Specifications & Dimensions

YearsCoin TypeWeight/GmsDiameter (mm)Fineness
1967+Krugerrand 1oz33.9332.77.9167
  • Weight: 33.931 grams
  • Gold Content: 1 troy ounces



1/2 oz Gold Krugerrand Specifications & Dimensions

YearsCoin TypeWeight/GmsDiameter (mm)Fineness
1967+Krugerrand Half Ounce16.9627.07.9167
  • Weight: 16.966 grams
  • Gold Content: 0.5 troy ounces



1/4 oz Gold Krugerrand Specifications & Dimensions

YearsCoin TypeWeight/GmsDiameter (mm)Fineness
1967+Krugerrand Quarter Ounce8.4822.06.9167
  • Weight: 8.483 grams
  • Gold Content: 0.25 troy ounces



1/10th oz Gold Krugerrand Specifications & Dimensions

YearsCoin TypeWeight/GmsDiameter (mm)Fineness
1967+Krugerrand Tenth Ounce3.41216.55.9167
  • Weight: 3.393 grams
  • Gold Content: 0.1 troy ounces


Why Buy Gold Krugerrands (Are Gold Krugerrands A Good Investment)?

Yes, many people see gold Krugerrands as a very good way to invest in gold.

However you must remember that gold prices, and therefore the value of the coins, can vary dramatically over time.

Gold, silver, and other precious metals have always been seen as a store of wealth, since it’s scarcity and universal acceptance as a unit of payment mean that it can never go “out of fashion.” This is understandable when you consider that in older times wealthy traders may take their coins and have them melted down and turned into useful or decorative objects, such as drinking vessels, etc.

This not only advertised their wealth, it also allowed them to take the gold or silver object to the local mint, melt it down, & turn it back into the same number of gold coins or silver coins that they had owned previously if times became harder.

For this reason gold Krugerrands, other gold coins, and other items made from precious metals are often turned to in times of economic uncertainty as an alternative way of holding money.

Not only do gold Krugerrands look far more attractive than paper money, they are a good hedge against inflation, and against weakening currencies – right now gold prices are at high prices when valued in £Sterling due to economic uncertainty, and so the value of gold Krugerrands and other gold coins is correspondingly high.

Since buyers have to pay a premium over the spot value of gold (i.e. the market price of 1 ounce of 24 carat gold), the additional cost of the numismatic value of each coin can inflate the price beyond the gold content alone.

In other words, if you wanted to buy 1 ounce of gold you could buy 1 Krugerrand, which would mean paying the premium over the market price of gold, plus a small premium for the actual coins value, or you could buy 4 gold Sovereigns at the same premium over the market price for gold, plus 4 lots of numismatic value, one for each coin.

Although this may not be a huge difference, if you are buying gold Krugerrands for investment purposes, or to protect your money, then clearly you want to keep the price that you pay as close to the market price for gold as you can.

One other risk with buying gold Krugerrands or indeed any gold coins, is that the value or price of gold is constantly changing.

So if the price of gold drops then the gold content of your coins will be worth less, meaning that you could lose money if you then sell your gold coins – this risk is inherent in all investing, but at least your gold Krugerrands or gold coins can’t go bust like stock market investments!

If you want to sell gold Krugerrands then usually you can find a large number of dealers who will be happy to buy your gold Krugerrands off you, but you need to shop around to get the best prices, just like you would if you wanted to buy gold Krugerrands.

See below for more details.

Gold Krugerrand Prices

Gold Krugerrand Prices like all other gold coins or gold bullion are determined from the current gold price and the numismatic value that any Krugerrand or coin may have.

This page will concentrate solely on calculating a gold Krugerrand price from the value of the actual gold content of the Krugerrand and ignoring the numismatic factors.

In reality most gold Krugerrands will have little interest or extra value to a collector, and so in most cases the major part of gold Krugerrand prices is the gold itself.

In order to calculate gold Krugerrand prices you need firstly to know the current market price for one ounce of gold, this is known as the gold spot price.

You can find the current spot gold price below:

Spot Gold Price in GBP £ Sterling Per Troy Ounce

The next thing that you need to do is to multiply the spot gold price by the amount of gold in a gold Krugerrand, which is 1 troy ounce, half an ounce, a quarter or a tenth of an ounce, and this will give you a rough estimate of the value of the gold in the Krugerrand.

For example, suppose that the spot gold price is £1400 and you have a quarter Krugerrand; You multiply £1400 by 0.25 to get £350.

This is a rough value of the gold Krugerrand in terms of its gold content alone.

It is important to remember that this is just the gold content value, and that the actual gold Krugerrand prices will almost certainly be a few percent higher than this.

Buy Gold Krugerrands

When buying a Gold Krugerrand or Krugerrands it is of course important to make sure that you get a good deal, and that you are careful in who you are dealing with.

Gold Krugerrands & other gold coins clearly have a high monetary value, and unfortunately wherever money is concerned you find crooks. There are fake gold Krugerrands & gold coins that can be difficult to spot, and there are people who will just take you money and run.

Always be careful in who you are dealing with, make sure that you are happy with the dealer, that they have a good reputation, and if possible have an expert check over what you receive from the gold coin dealer.

We know one person who bought £9000 of gold coins from an accredited dealer, and he received a parcel full of fakes & poor quality coins in return. Be careful when buying gold coins!

Sell Gold Krugerrands

Selling Gold Krugerrands needs to be undertaken with the same considerations as when buying gold coins. Again, you want to get the best price possible, but to be careful in who you are dealing with.

If you feel that you are being offered a deal that is too good to be true – well, you know the saying.

Make sure that you pack up your gold Krugerrands carefully, always send it by recorded delivery, and make sure that you communicate with the buyer.

Recommended Gold Krugerrand Dealers do not deal in gold Krugerrands or other gold coins

The list of dealers below are gold coin dealers that we would feel comfortable recommending to people, but we accept no responsibility for any disagreement or other problems that you may encounter in any dealings that you decide to undertake.

Alternatively you might decide to look at gold Krugerrands in auctions such as at eBay.

Dealers Who Buy Gold Krugerrands

The dealers here are people that we would feel comfortable recommending, but we accept no responsibility for any problems that may arise.

Hatton Garden Metals buy & sell gold Krugerrands, offering current market rates, excellent prices, and fast pay out.

Alternatively to using a dealer you might decide to sell your gold Krugerrand online somewhere like eBay.

The advantage with this approach is that you always get a fair market price, and the buyer pays you before you ship the goods.

Other Gold Coin Prices

In order to work out the values or prices of other gold coins you need to simply follow the steps outlined above, multiplying by the amount of gold in the coin.

Visit our gold coin page to find the gold content of a variety of other gold coins.

There are lots of different gold coins available, this page will give you a brief outline of the most common gold coins and their gold content so that you can calculate a rough idea of gold coin prices.

Simply multiply todays gold price by the gold content of each coin.

Other Ways to Invest in Gold

If you are only interested in gold as an investment, rather than in gold coins, then you might want to think about buying scrap gold, since you can buy it at a price that is closer to the gold prices, and also you could buy different grades of gold, that is 9ct, 14ct, 18ct, 22ct, or 24ct.

This allows you to buy even broken jewellery, etc instead of gold coins.

Scrap Gold Prices

You can calculate the value of Scrap Gold in pretty much the same way, but in this case you need to also calculate the gold content, since you may have 22ct, 18ct, 14ct, or 9ct gold, all of which contain different amounts of gold for a given weight.

Learn how to value Scrap Gold here.