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What is a Krugerrand?

The gold krugerrand is a South African gold bullion coin. The first krugerrand was issued in 1967, and has been produced every year since. The coin is made of 22 carat gold (0.916 fine gold), and weighs 33.93 grams. The krugerrand has a diameter of 32.77mm, with a depth of 2.84mm, and contains exactly 1 troy ounce of fine gold. It is widely used as a gold bullion coin, and popular amongst gold investors world wide.


Reverse Design – Sprinkbok


Obverse Design – Paul Kruger (First President of the South African Republic)

How much is my Gold Krugerrand worth?

The price of gold krugerrands depends solely on the gold price. Although you get proof examples as well as bullion, most krugerrands were minted mainly for the bullion market.

Since 1980, the South African Mint has also issued fractional krugerrands. When people refer to a krugerrand, it is assumed it is a 1 ounce example, however, there is also a 1/2 ounce, 1/4 ounce and 1/10th ounce krugerrands.

Where can I sell my Gold Krugerrand?

M J Hughes Coins would be very interested in buying your krugerrand (s). We are happy to purchase a single coin, or an entire collection. Please take a look at our krugerrand price chart below for current buying prices. If you are unsure, please feel free to give us a call for a no obligation offer.

How to sell to us

Selling to us is easy! We are based in Alton, Hampshire, where we have a tow centre shop. You are more than welcome to visit us with your coins. Alternatively, you can post to us via Royal Mail Special delivery. We can offer a number of different payment methods – Cash, bank transfer or cheque.

Price Chart for 1oz Krugerrands

Gold Price (£/Troy Ounce) Price We Pay
£1400 £1330
£1410 £1339.50
£1420 £1349
£1430 £1358.50
£1440 £1368
£1450 £1377.50
£1460 £1387
£1470 £1396.50
£1480 £1406
£1490 £1415.50
£1500 £1425

*If you have a large quantity of krugerrands for sale, we maybe able to offer a slightly higher price per coin.

The gold price is constantly changing, prices can go up and down. If you would like to sell to us, we offer the option of ‘fixing’ in the price. This way, you know exactly what you are getting!

Beware of Fakes

In recent years, fraudsters have perfected faking krugerrands. With the large rise in gold prices, the production of fakes has become a lucrative business. We have come across examples that are more or less identical in design and detail to genuine krugerrands. Fake krugerrands are often made with a tungsten core (Tungsten is a metal with a similar density to gold), and a heavy gold plate, producing the same dimensions and weight as a genuine solid gold coin.

There is a simple test that you can do to determine if the krugerrand is a genuine solid gold example – The Ring Test.

  1. Balance the coin on the tip of your finger
  2. Hit the coin gently with another metal object, preferably another gold coin
  3. If the sound created is a high pitch, the coin is genuine. If the sound is a low pitch and thud like, it is likely to be a fake


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