South African 1 and 2 Rand Gold Melt Value
Pure gold content of the South African 1 and 2 Rand Gold: 2 rand 0.2356 oz; 1 rand 0.1176 oz. At $4,147/oz gold, the 2 rand is worth about $976.97 in melt value. Collector value is separate and depends on date, mint mark and grade.
Values above refresh with the October 19, 2026 spot price.
South African 1 and 2 Rand Gold specifications
| Version | Years | Fineness | Gross weight | Pure gold | Diameter | Face value |
|---|---|---|---|---|---|---|
| 2 rand | 1961–1983 | .917 (91.7%) | 7.99 g | 7.327 g (0.2356 oz t) | 22 mm | 2 Rand |
| 1 rand | 1961–1983 | .917 (91.7%) | 3.99 g | 3.659 g (0.1176 oz t) | 19.5 mm | 1 Rand |
South Africa's decimal gold coins of 1961–1983 are 22-karat (.917), the same alloy as the Krugerrand. The 2 rand matches the weight of a British sovereign.
How the melt value is calculated
Melt value = gross weight × fineness ÷ 31.1035 × spot price. For the 2 rand: 7.99 g × .917 = 7.327 g of pure gold. Divide by 31.1035 grams per troy ounce to get 0.2356 oz, then multiply by $4,147 spot: about $976.97.
Melt value by quantity
| Quantity | 2 rand | 1 rand |
|---|---|---|
| 1 coin | $976.97 | $487.88 |
| 5 coins | $4,885 | $2,439 |
| 10 coins | $9,770 | $4,879 |
| 20 coins | $19,539 | $9,758 |
| 50 coins | $48,849 | $24,394 |
| 100 coins | $97,697 | $48,788 |
Melt value vs collector value
Melt value is only what the gold in a South African Gold Rand is worth at today's spot price. A coin's market value can be much higher: scarce dates, mint marks and high grades sell to collectors for a premium, while common dates in worn condition trade closer to melt. Nu Stack does not estimate collector prices on this page. For a specific coin, check the date and mint mark, the condition (a grading service such as PCGS or NGC, or a local dealer) and recent sales.
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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 South African Gold Rand?
2 rand: 7.327 g (0.2356 troy oz) of pure gold; 1 rand: 3.659 g (0.1176 troy oz) of pure gold.
What is a South African Gold Rand worth in melt value today?
At $4,147/oz gold (October 19, 2026): 2 rand about $976.97; 1 rand about $487.88. The value moves with the spot price, and this page updates automatically.
Is a South African Gold Rand worth more than its melt value?
It can be. Scarce dates, mint marks and coins in high grades sell above melt value to collectors, while common dates in worn condition trade closer to melt. Check the date, mint mark and condition, or ask a grading service or dealer, for a collector value.