Rand Refinery

Rand Refinery | Home of the Krugerrand – South Africa’s Gold Refinery Since 1920

Rand Refinery is South Africa’s premier precious-metals refinery and the institution behind the world’s most famous bullion coin — the Krugerrand. Founded in 1920 in Germiston, Gauteng, Rand Refinery has been refining gold from South Africa’s legendary Witwatersrand goldfields for over a century. It is one of the largest gold refineries in the world by throughput and supplies the refined gold used in Krugerrand production by the South African Mint. Rand Refinery is globally accredited and its gold bars and Krugerrand-linked products are recognised across every major international bullion market.

London Gold Centre stocks Krugerrand coins and bullion products linked to Rand Refinery gold with live market-linked pricing, secure checkout, and the choice of insured UK delivery or collection from our Hatton Garden showroom. Browse the full product range below, or compare Krugerrand coins alongside other mints on the Buy Gold Coins UK page.

Why Buyers Value Rand Refinery

• The refinery behind the Krugerrand: Rand Refinery supplies the refined gold used to produce Krugerrands — the world’s original modern bullion coin, first struck in 1967 and still one of the most globally recognised and traded gold coins in existence.
• Over 100 years of gold refining: founded in 1920, Rand Refinery has been refining South African gold for more than a century — processing gold from the Witwatersrand basin that made South Africa the world’s largest gold producer for most of the 20th century.
• One of the world’s largest gold refineries: Rand Refinery is among the highest-throughput gold refineries globally, operating at an institutional scale that underpins its international accreditation and market trust.
• Globally accredited: Rand Refinery holds accreditation from major international bullion exchanges, ensuring its gold bars and refined output meet the highest industry standards for purity and quality.

Rand Refinery Products Available

The most widely recognised product linked to Rand Refinery gold is the Krugerrand — struck by the South African Mint using Rand Refinery-refined gold. London Gold Centre stocks the 1oz Krugerrand (31.1g of fine gold in 22-carat alloy) and the Half Krugerrand (15.55g of fine gold). Both feature the iconic Paul Kruger portrait and Springbok reverse design.

If you are comparing Krugerrands against other 1oz coins, the key alternatives for UK buyers are the 1oz Britannia (999.9 fine gold with UK legal-tender CGT discussion), the Maple Leaf (Canadian Mint 999.9 purity), and the American Eagle (US Mint 22-carat, same alloy approach as the Krugerrand). Our best gold coins guide helps you compare across all major coin families.

How to Compare Rand Refinery / Krugerrand Products

When comparing Krugerrands with coins from other mints, UK buyers typically look at 22-carat alloy versus 999.9 fine gold, global heritage and recognition, premium over the live spot price, tax treatment versus UK legal-tender coins, and resale familiarity in the UK and international secondary markets. Krugerrands are not UK legal tender, so the CGT discussion differs from Britannias and Sovereigns. For the latest tax position, check the HMRC guidance on investment gold and VAT and the HMRC CGT manual.

For live pricing comparison, use the gold price per gram calculator to benchmark premiums. For broader buying guidance, our 10 things to know before buying gold and Britannia vs Sovereign guide cover the fundamentals. You can also browse the full gold bars, silver, platinum, and palladium ranges to compare across metals.