Compare 1oz Gold Krugerrand Prices

The original modern bullion coin

The 1oz Krugerrand was the first gold coin designed specifically as a private investment vehicle. Launched in 1967, it pre-dates other major bullion programmes by nearly two decades — the Maple Leaf followed in 1979, the Britannia in 1987. By the mid-1980s the Krugerrand commanded an estimated 90% of the global gold coin market.

The 22-carat specification

The 1oz Krugerrand uses a 22-carat (916.7 fine) alloy — 91.67% gold balanced with copper for durability. The total coin weighs 33.93g, containing exactly one troy ounce (31.10g) of pure gold; the additional copper is structural and not priced as investment content. The alloy is inherited from the Krugerrand's design origin as a coin intended for everyday handling rather than vault storage.

1oz Krugerrand premium dynamics

1oz Krugerrands typically command the tightest premiums of any 1oz gold coin in the UK market — usually 3-5% over spot, compared with 4-6% on Britannias and Eagles. The premium advantage reflects accumulated lifetime production volume and the depth of secondary supply. For UK investors prioritising pure metal-per-pound deployment and willing to accept CGT exposure on disposal, 1oz Krugerrands are consistently among the most efficient options.

UK tax position

1oz Krugerrands are VAT-exempt as investment gold under HMRC rules. They are South African legal tender, not UK, and therefore do not qualify for UK CGT exemption — gains above the annual allowance are taxable on disposal. Compare with 1oz gold Britannias for the CGT-exempt UK alternative at competitive premiums.

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