One of the most common questions we get is "How much is a Krugerrand worth?" The value of a Krugerrand is based upon its gold content plus a premium. Different sizes of Krugerrand fetch different premiums, and price is also affected by such factors such as condition (uncirculated versus circulated) and special preparation, such as proof coins. From its inception in 1967, the 1 oz gold krugerrand was intended as a way to invest in gold. Although slightly heavier than one ounce (due to the copper alloy in the coin), each one contained exactly one ounce of find gold. Bullion coins, such as the kruger, allow investors of all budgets to buy gold. When the fractal krugerrands (1/2 oz, 1/4 oz, 1/10 oz) were introduced in 1980, they continued with marking the weight on the coin rather than the value. So the majority of a Krugerrand's value comes from the gold bullion content. To determine how much that is, you can check the current gold spot price. Take a look at our widget in the sidebar, or simply Google "Gold Spot Price".
Now that you know how much the gold content in your Krugerrand is worth, it's time to determine the premium, and then to decide if you believe the investment is worthwhile. All Krugerrands are sold with an a premium tacked on, which is for shipping, handling and mintage fees. You can read that as pretty much as "seller profit". There's nothing wrong with making a profit, just make sure to be an informed buyer so you know exactly what you are paying for. For example, the premium is higher on the fractal Krugerrands- with the 1/10 oz Krugerrand charging the highest premium proportionately. What that means is that you want to buy the largest Kruger you can afford to minimize the portion of your investment spent on items other than the actual gold content. So if you could afford an ounce of gold, you would look to buy a 1 oz Krugerrand as opposed to two half ounce Krugerrands. The easiest way to figure out what the premium is on a regular circulated Krugerrand would be to check out our current Krugerrand Price page. Here you can see what Krugerrands are selling for on eBay today, and also you can see the price of five or so dealers to make a comparison. When you check the dealer prices, be sure to read the fine print carefully, many of them list a bulk price- or a price you have to multiply by a set percentage to get your final total. Also regardless of whether you buy from a dealer or online, be sure to account for shipping, handling and insurance fees.
If you prefer to do the research yourself manually, you can see what the completed prices are for Krugerrand listings by going to eBay. Once there, you'll need to log in with your account. For some odd reason, eBay does not allow you to view completed listings unless you have an account. If you don't have an account, go ahead and create one, it's free. Enter the size of Krugerrand you are looking for into the search box- for example "1/4 oz Krugerrand" and click search. On the left hand column, about midway down you'll see a "Preferences" box. Inside that box is another labeled "show only". You want to click the box next to "Completed Listings". Once you click the box, the page will reload and you can see the completed listings- they show the price in green and also have a little green box that says "sold". Subtract the spot price from this number and you know the premium. As for checking dealer prices, let your fingers do the walking and call a few.
So now you know how much a krugerrand is worth if it's been circulated- what about uncirculated or a proof Krugerrand? These special Krugerrands are minted to have an additional numismatic value- or a value for collectors on top of the gold value. Both uncirculated and proof krugers have a limited mintage, or number of coins produced. The proofs also have quite a bit of special handling. The Rand Refinery specially polishes the blanks. Then the press operator at the mint hand loads the blanks, which are then double stamped to produce the highest quality impression on the coin. They also have special features to set them apart- for example a frosted finish, as well as more reeds on the edge of the coin. Proofs sets will also usually come with a numbered certificate of authenticity. All of these factors add up to scarcity, and scarcity leads to a higher price. If you're looking to buy a Kruger for collecting, your best bet is to spend some time with a dealer specializing in krugers, and understand not only the current value, but how well it has historically held that value, so that you can get your full investment back if you decide to sell. This is less of a concern with a circulated kruger, since they are a fairly standardized commodity. If you would like to see what the current auctions look like we've included some links for you to look at below. The next time someone asks "How much is a Krugerrand Worth?" you'll know the answer!
Buy 1 oz Gold Krugerrand
Buy 1/2 oz Gold Krugerrand
Buy 1/4 oz Gold Krugerrand
Buy 1/10 oz Gold Krugerrand
Buy Proof Gold Krugerrand
Krugerrand Sets and Lots
Krugerrand Tester
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Gold Party Time wrote,
Very informative article never realized the amount of differences between Krugerrands. The ebay info is also interesting. Thanks for the post.
Link | March 26th, 2009 at 11:02 am
Kobie Nel wrote,
I have a 2001 1/10oz Krugerrand. What is the value for this now? And where in Cape Town can I excange?
Regards
Kobie
Link | April 17th, 2009 at 4:22 am
24K wrote,
Hi Kobie-
Sorry, you got caught in the spam filter. As of 21 Apr, 1/10 oz Krugerrands were going for $121 – $127. You can sell krugerrands on eBay.
Link | April 22nd, 2009 at 1:36 am
Diane Strong wrote,
Very interesting to read this. I have a one oz piece in a necklace (heavy gold chain), is eBay the best place to sell something like this? Thanks, Diane
Link | August 2nd, 2009 at 12:11 pm
24K wrote,
Hi Diane-
With a combination piece, I’d figure out the value of the Kruger, then the value of the weight of the gold- jewelers have scales and most will give you an estimate. Once you have both, I’d visit a few jewelers prior to listing on eBay- that way you have a good idea of what price you’re looking to sell. You may find a jeweler gives you a better price, but I’ve had very good luck with eBay. Also, if you get written estimates on value, they can help support the value of the auction.
Link | August 2nd, 2009 at 1:27 pm
jacqueline wrote,
informative article
i have a 1 oz krugerrand, would it be better to sell it on ebay or with a cash for gold type of thing? i am not really familiar with value of gold or how much it sells for.
Link | September 12th, 2009 at 9:56 pm
24K wrote,
Hi Jacqueline-
Of the two choices I’d definitely go with selling it on eBay rather than a cash for gold sale. At a pawn shop or one of those gold clearing houses you are probably not going to get as much for your gold as on eBay, where many people bid for your coin. If you check here it shows what the Krugerrands have been going for lately, as well as having a link to check some dealer prices. We also have an article on How to Sell a Krugerrand on eBay. Good luck, gold’s high right now and you should get a fine price.
Link | September 13th, 2009 at 7:29 am
Rosemary wrote,
I have a 1982 1/10oz Krugerrand. What is the value for this now?
Link | February 5th, 2010 at 10:24 am
24K wrote,
Hi Rosemary-
Assuming it’s not a proof or collector’s coin, yesterday a 1/10oz Kruger went for about $128 on eBay. You can always check prices on the Krugerrand price page here.
Link | February 6th, 2010 at 6:16 am
Phil Balyeat wrote,
Before I can sell 1-oz Kruggerands in my possession I must, for IRS info, know the value on Feb. 7, 2009, the date of my brother’s death. Please help me.
I also need on the same date, value of 200-piece set of Franklin Mint “History of the USA”-each piece 1.3 Oz. Thank You
Link | March 23rd, 2010 at 7:41 am
24K wrote,
Hi Phil, that’s a tough one. As far as I know, there’s not a resource that shows the daily historic price of Krugerrands. The closest you could get would be to run an advanced search at ebay, and tick the include “completed” listings, which will show you what the price is in the free market, but last time I checked you’ll only get about 30 days historic data, which has well expired since Feb of last year. There is however, very good records of the historic spot prices of gold, which you can view at kitco. I suspect you should be able to take that spot price, and a small percentage for premium and come up with an estimated price. Talk to a professional accountant, they can certainly advise you on tax law better than we can, and may have come upon this situation before.
I can’t provide any price info on the History of the USA set, sorry.
Link | March 23rd, 2010 at 9:26 am
andre wrote,
i have a 1973 10.0Z kruger rand and would like to know the value of such a coin please
Link | March 23rd, 2010 at 10:25 pm
24K wrote,
Hi Andre-
Assuming it’s not a proof or special edition coin, yesterday a 1 oz Kruger went for about $1200 on eBay. You can always check the Krugerrand Price here at Gold Krugerrand Ferret, just click that link or select Gold Krugerrand Price from the menu at the top of the page, which also has links to what dealers are selling Krugerrands at as well.
Link | March 24th, 2010 at 8:51 am
Gayaat wrote,
Would like to know the value of 1, 1/2 and 1/4 oz’s krugerrands plz
Link | June 22nd, 2010 at 12:54 pm
24K wrote,
As of 21 June:
- 1 oz is going for about $1300
- 1/2 oz is going for about $700
- 1/10 is about $150
As you can see the smaller Krugerrands are more expensive- which is due to the premium we mention in the article. We have the current free market prices (ie ebay, spot) Krugerrand Price here at Gold Krugerrand Ferret, just click that link or select Gold Krugerrand Price from the menu at the top of the page. Spot price is available at the widget on the left. A few dealer prices are also listed under that first link…
Link | June 22nd, 2010 at 1:03 pm
neo wrote,
Hi iv got 5. Krugerrand 2009 and i dnt know wher 2 sell them. My no 0832086709
Link | July 7th, 2010 at 9:08 pm
24K wrote,
Hi Neo-
We usually see the best return on sales on eBay, but be sure to account for ebay and paypal fees. Did an article you can read for details at: Selling Krugerrands on eBay.
Link | July 21st, 2010 at 3:13 am
Marita wrote,
I am interested in investing in gold, could you forward me information.
My father also has kruger rands, where could we go to get a true value for them.
Thanks
Link | July 25th, 2010 at 7:22 am
24K wrote,
Hi Marita-
Gold can be a fascinating hobby. As for more information, you’ll need to do some homework on your own, or find a reputable financial adviser. Been thinking about writing and ebook, but haven’t really had the time to do so. Things to think about include: What are my financial goals in investing in gold? Am I interested in the collectibility of gold coins, or simply a store of value (if so you may want to check into other investment vehicles, such as bullion)? How much do I have to spend? Is this a one time purchase, or should I acquire gold over time? You get the idea. Like anything in life the more planning you put into it the better the result.
As for true value, there’s a few ways you can go about figuring that you. You can figure that out for yourself using our tips above. You can go to a reputable dealer and ask. Our favorite is to check the price they’re selling for on eBay, which is basically the Krugerrand’s current market price.
Link | July 30th, 2010 at 10:33 am
Aubrey Simpson wrote,
My workplace has offered me an award for long service of anything I want for £1000. I was thinking of buying kruggerands since they could possibly increase in value over time. Would kruggerands (possibly in a display case) be a good investment in gold or is there another type of gold investment that might be better? Would I be able to buy a single large one for £1000 or would it have to be several smaller ones?
Link | August 4th, 2010 at 8:03 am
24K wrote,
Hi Aubrey-
Congratulations on your award, and kudos for thinking about turning it into an investment. I checked eBay UK previous day’s completed auctions, and it looks like you can get a 1 oz gold krugerrand for around £1000. It’s a good idea to buy the largest kruger you can afford, as proportionally the premium is higher on the fractals (smaller coins)- you get more gold for you money with the heavier coins. As for whether the Kruger is the best investment vehicle, obviously we’re biased. What you can do is check the spot price of gold (either right here in the little window on the left or any major newspaper), and compare that to the selling price of the coin you’re interested in. The difference is the premium, and that will vary from coin to coin and among sizes.
Link | August 4th, 2010 at 12:41 pm