Krugerrand Gold Coin

1oz Krugerrand Gold Coin | South African Mint – World’s Original Bullion Coin

The 1oz Krugerrand Gold Coin is the world’s original modern bullion coin, first struck in 1967 by the South African Mint and still one of the most globally recognised and actively traded gold coins in existence. Each coin contains one full troy ounce (31.1g) of fine gold in a durable 22-carat (916.7 fineness) gold-copper alloy, with a gross weight of 33.93g. The Krugerrand defined the modern bullion coin category and remains the benchmark for international recognisability.

For UK buyers, the Krugerrand offers a compelling alternative to domestic coins like the 1oz Britannia. While the Britannia provides UK legal-tender status and a CGT discussion, the Krugerrand brings unmatched global heritage and near-universal recognition across every major bullion market in the world. The choice between the two is one of the most common decisions for UK coin buyers at the 1oz level. For a fractional Krugerrand, compare with the Half Krugerrand.

London Gold Centre provides live gold prices, secure checkout, and the choice of insured UK delivery or collection from our Hatton Garden showroom. For guidance on choosing between coin formats, our best gold coins guide and Britannia vs Sovereign guide are practical starting points.

Key Coin Details

Compare this coin’s premium against the current gold price per gram to understand the cost breakdown before ordering.

Why Buyers Choose This Coin

• World’s original bullion coin: the Krugerrand created the modern bullion coin market in 1967 and remains one of the most widely held gold coins globally.
• Unmatched global recognition: recognised by dealers and buyers across every major bullion market — from London to Hong Kong, New York to Johannesburg.
• Durable 22-carat alloy: the gold-copper composition gives Krugerrands their distinctive warm colour and added scratch resistance compared with 999.9 fine coins.
• Full troy ounce of fine gold: despite the 22-carat alloy, each coin contains exactly one troy ounce (31.1g) of pure gold — the same fine gold content as a 1oz Britannia or Maple Leaf.

If you are comparing 1oz coins, a 1oz Britannia offers UK legal-tender status and a CGT discussion in 999.9 fine gold. A Maple Leaf offers Canadian Mint purity (999.9). An American Eagle uses a similar 22-carat alloy. Our 10 things to know before buying gold article covers the broader buying fundamentals.

What to Compare Before Buying

At 1oz, buyers typically compare Krugerrand versus Britannia, 22-carat versus 999.9 fineness, international versus UK legal-tender status, and coin versus bar format. The Krugerrand suits buyers who value global heritage and international liquidity above UK-specific tax advantages. For UK legal-tender status and a CGT discussion, compare with the 1oz Britannia. For other international 1oz coins, compare with the Maple Leaf, American Eagle, or Australian Nugget.

If you are deciding between coins and bars, our guide to the best gold bar size to buy explains how bars differ on premium efficiency. The 1oz Best Value bar offers the same gold content in bar format. View the full coin range on the Buy Gold Coins UK page. For purity, see our UK gold hallmarks guide. For pricing, see how gold is valued in the UK.

Tax, Delivery, and Selling

Investment gold coins are commonly treated as VAT-free in the UK when they meet the relevant conditions. For the official position, review the current HMRC guidance on investment gold and VAT. Note that Krugerrands are not UK legal tender, so the Capital Gains Tax discussion differs from UK-minted coins like Britannias and Sovereigns — for details, see the HMRC CGT manual.

If you later decide to sell, London Gold Centre offers a dedicated sell gold service with current buying rates. Krugerrands are among the most liquid gold coins in the international secondary market. For broader guidance, visit the FAQ hub or browse the news and guides section.

Frequently Asked Questions