The Bullion Value of 1 oz Gold Krugerrands calculator computes the approximate value of South African gold Krugerrand 1 ounce coins.
INSTRUCTIONS: Enter the following:
Coin Value (V): The calculator returns:
The formula for the value of Krugerrand Coins is:
V = n*SPOT*cw*(1+nv)
A Krugerrand is a gold or silver coin from the nation of South Africa. It was first minted in 1967 by the South African Mint and the Rand Refinery. The face has the likeness of Paul Kruger, the President of South Africa from 1883 to 1902, and the reverse is the likeness of a pronking springbok, which is the national animal.
The value of a Gold Krugerrands are based on their weight and purity of the coins (below) and a numismatic value factor (multiplier), along with the current spot price of gold to determine the value of each coin.
Gold South African Krugerrands are 22 carats, .9167 pure gold (Au) and .0833 Copper (Cu).
The numismatic factor is value added to the gold bullion. Bullion from trusted mints with attractive designs tend to have a higher numismatic factor. A reasonable numismatic factor for Krugerrands is 1.031. This is based on a highly reputable gold dealer in the United States that operates with high volumes of bullion.