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$4,377.62
The Krugerrand was the first modern bullion coin and remains the most widely held — one troy ounce of pure gold in a 22 karat alloy.
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| Total weight | 33.93 g |
|---|---|
| Fineness | .9167 (91.67%) |
| Pure gold content | 31.104 g (1.0000 ozt) |
| Years struck | 1967–present |
| Country | South Africa |
| Face value | None (legal tender by gold value) |
Introduced in 1967 to market South African gold, the Krugerrand created the entire one-ounce bullion coin category that the Eagle, Maple and Britannia later copied. Its copper alloy gives it a distinctly warmer, redder tone than purer coins. It carries no face value at all — it is legal tender at whatever an ounce of gold is worth, which is unusual among bullion coins.
Its melt value is about $4,377.62, based on 1.0000 troy ounces (31.104 g) of pure gold at a spot price of $4,377.60 per troy ounce. That is the metal content only — the coin may be worth considerably more to a collector.
The coin weighs 33.93 g in total and is 91.67% fine (.9167), so it contains 31.104 g of pure gold — 1.0000 troy ounces.
Not exactly. Melt value is the raw metal content at spot. Scrap buyers and refiners typically pay 80–95% of melt to cover refining and margin, while recognised bullion coins and collectable dates usually sell for more than melt, not less. Melt is best treated as the floor under a coin’s price.
Counting a mixed jar? Use the junk silver calculator.