Silver Krugerrand Melt Value
A Silver Krugerrand contains 0.9990 troy oz of pure silver (31.1 g × .999). At $57.35/oz silver, its melt value is about $57.29. Dealers quote bullion as a premium or discount to melt.
Values above refresh with the October 19, 2026 spot price.
Silver Krugerrand specifications
| Years | Fineness | Gross weight | Pure silver | Diameter | Face value |
|---|---|---|---|---|---|
| 2017–present | .999 (99.9%) | 31.1 g | 31.07 g (0.9990 oz t) | 38.73 mm | 1 Rand |
South Africa's 1 oz .999 silver Krugerrand, first issued in 2017 for the gold Krugerrand's 50th anniversary, with the same springbok design.
How the melt value is calculated
Melt value = gross weight × fineness ÷ 31.1035 × spot price. For the 1 oz: 31.1 g × .999 = 31.07 g of pure silver. Divide by 31.1035 grams per troy ounce to get 0.9990 oz, then multiply by $57.35 spot: about $57.29.
Melt value by quantity
| Quantity | Pure silver | Melt value |
|---|---|---|
| 1 coin | 0.9990 oz t | $57.29 |
| 5 coins | 4.9950 oz t | $286.46 |
| 10 coins | 9.9900 oz t | $572.93 |
| 20 coins | 19.9800 oz t | $1,146 |
| 25 coins | 24.9750 oz t | $1,432 |
| 100 coins | 99.9000 oz t | $5,729 |
Melt value vs collector value
The Silver Krugerrand is a bullion coin, so its price tracks the silver 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: Silver melt value explained · How to sell silver coins · Where to sell silver · Free melt calculator · All coin melt values
Specs: Nu Stack coin database (curated entries and the Numista catalog). Melt values use the silver 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 silver is in a Silver Krugerrand?
A Silver Krugerrand has 31.07 g (0.9990 troy oz) of pure silver: 31.1 g gross weight at .999 fine.
What is a Silver Krugerrand worth in melt value today?
About $57.29 at $57.35/oz silver (October 19, 2026). Melt value moves with the silver spot price; this page updates automatically.
Is a Silver 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.