South African Krugerrand (1 oz bullion) melt value

A 1 oz Krugerrand contains one troy ounce of pure gold. Here's what the gold inside is worth at today's live price.

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Common questions

How do I know if my south african krugerrand is gold?

The coin is 22K, so it weighs a little more than one ounce to hold one full ounce of gold.

Why does a dealer pay less than melt value?

Dealers buy bullion close to melt value and resell at a premium. The gap covers their costs and profit, and it is usually small for well-known bullion coins.

Is it legal to melt coins?

US rules prohibit melting one-cent and five-cent coins. That rule does not cover dimes, quarters, half dollars, dollars or bullion coins. Most people sell coins whole to a dealer rather than melting them.