Gold Krugerrand Melt Value
Pure gold content of the Gold Krugerrand: 1 oz 1.0000 oz; 1/2 oz 0.5000 oz; 1/4 oz 0.2500 oz; 1/10 oz 0.1000 oz. At $4,147/oz gold, the 1 oz is worth about $4,147 in melt value. Dealers quote bullion as a premium or discount to melt.
Values above refresh with the October 19, 2026 spot price.
Gold Krugerrand specifications
| Version | Years | Fineness | Gross weight | Pure gold | Diameter | Face value |
|---|---|---|---|---|---|---|
| 1 oz | 1967–present | .9167 (91.67%) | 33.93 g | 31.1 g (1.0000 oz t) | 32.77 mm | 1 Krugerrand |
| 1/2 oz | 1980–present | .9167 (91.67%) | 16.97 g | 15.55 g (0.5000 oz t) | 27.07 mm | 1/2 Krugerrand |
| 1/4 oz | 1980–present | .9167 (91.67%) | 8.482 g | 7.775 g (0.2500 oz t) | 22.06 mm | 1/4 Krugerrand |
| 1/10 oz | 1980–present | .9167 (91.67%) | 3.393 g | 3.11 g (0.1000 oz t) | 16.55 mm | 1/10 Krugerrand |
Introduced by South Africa in 1967 as the first modern gold bullion coin. It is 22-karat gold (91.67%) alloyed with copper, so the 1 oz coin weighs 33.93 g. Fractional sizes followed in 1980.
How the melt value is calculated
Melt value = gross weight × fineness ÷ 31.1035 × spot price. For the 1 oz: 33.93 g × .9167 = 31.1 g of pure gold. Divide by 31.1035 grams per troy ounce to get 1.0000 oz, then multiply by $4,147 spot: about $4,147.
Melt value by quantity
| Quantity | 1 oz | 1/2 oz | 1/4 oz | 1/10 oz |
|---|---|---|---|---|
| 1 coin | $4,147 | $2,074 | $1,037 | $414.74 |
| 5 coins | $20,737 | $10,369 | $5,184 | $2,074 |
| 10 coins | $41,474 | $20,737 | $10,368 | $4,147 |
| 20 coins | $82,948 | $41,474 | $20,736 | $8,295 |
| 25 coins | $103,685 | $51,843 | $25,920 | $10,369 |
| 100 coins | $414,742 | $207,371 | $103,679 | $41,474 |
Melt value vs collector value
The Gold Krugerrand is a bullion coin, so its price tracks the gold spot price. Buyers and sellers usually quote it as a premium over (or a discount to) melt value, and that premium depends on the dealer, the year and the coin's condition. Special and proof versions can sell for more. Melt value is the number to anchor on: it's what the metal alone is worth today.
Related coins
More: Gold melt value explained · How to sell gold and silver coins · How to track a precious metals stack · Free melt calculator · All coin melt values
Specs: Nu Stack coin database (curated entries and the Numista catalog). Melt values use the gold spot price from the Nu Stack price feed and are estimates of metal content only, not offers to buy or sell.
Frequently asked questions
How much gold is in a Gold Krugerrand?
1 oz: 31.1 g (1.0000 troy oz) of pure gold; 1/2 oz: 15.55 g (0.5000 troy oz) of pure gold; 1/4 oz: 7.775 g (0.2500 troy oz) of pure gold; 1/10 oz: 3.11 g (0.1000 troy oz) of pure gold.
What is a Gold Krugerrand worth in melt value today?
At $4,147/oz gold (October 19, 2026): 1 oz about $4,147; 1/2 oz about $2,074; 1/4 oz about $1,037; 1/10 oz about $414.74. The value moves with the spot price, and this page updates automatically.
Is a Gold Krugerrand worth more than its melt value?
Bullion coins usually trade close to melt value plus a dealer premium. Proof, low-mintage or special issues can sell for more. Compare a dealer's quote against the melt value above.