Compare 1oz Krugerrand Coin Prices

The 1oz Krugerrand as global benchmark

The 1oz Krugerrand is one of the most traded gold coins worldwide. The combination of the longest production history of any modern bullion coin (since 1967), the deepest secondary market, and consistent 22-carat specifications has made it a global reference point for retail gold pricing. UK dealers stock 1oz Krugerrands as a matter of course; live comparison regularly surfaces £15-£25 premium spreads between competing dealers on identical coins.

The 22-carat specification in practical terms

The 1oz Krugerrand weighs 33.93g overall — heavier than a 9999-fine 1oz coin because of the 8.33% copper content. The pure gold content is exactly one troy ounce (31.1035g); the additional copper provides hardness for handling without adding investment value. The alloy is shared with American Eagles (which inherited it from the Saint-Gaudens Double Eagle of 1907) — both reflect a coinage tradition designed for durability rather than purity maximisation.

1oz Krugerrand premium structure

1oz Krugerrand premiums in the UK typically run 3-5% over spot — consistently the tightest among 1oz gold coins. The premium advantage reflects the coin's cumulative production volume and active secondary supply. For UK investors building 1oz gold positions where pure metal-per-pound efficiency matters more than tax structure, 1oz Krugerrands are typically the most cost-effective coin option.

Tax position for UK buyers

1oz Krugerrands are VAT-exempt as investment gold but not CGT-exempt — South African legal tender does not satisfy the HMRC currency exemption for UK residents. For investors with significant unused annual CGT allowance or short-term holding horizons, this distinction often doesn't outweigh the premium savings versus CGT-exempt alternatives.

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