Krugerrand Prices UK — Key Facts (March 2026)
- •A 1oz gold Krugerrand is worth £3536.47 today based on its gold content (33.93g at 22ct purity).
- •A 1/2oz Krugerrand is worth £1768.23, a 1/4oz is worth £884.12, and a 1/10oz is worth £353.65.
- •Krugerrands are 22 carat gold (91.67% pure), the same purity as British gold sovereigns.
- •The Krugerrand was the world's first modern bullion coin, first minted in 1967 by the South African Mint.
- •Unlike UK sovereigns, Krugerrands are NOT CGT-exempt in the UK — capital gains over £3,000 are taxable.
- •Dealers typically pay 97-99% of gold spot value for Krugerrands due to their high liquidity and global recognition.
Size Comparison
Total Value (Spot)
£3536.47
Based on 31.1035g pure gold
Exactly 1 troy ounce @ £3536.43/oz
Sell Price
£3430.37
3.0% below spot
Buy Price
£3642.56
3.0% above spot
1oz Krugerrand
33.93g total, 31.1035g pure gold
We Buy
£3430.37
Spot Value
£3536.47
We Sell
£3642.56
1/2oz Krugerrand
16.97g total, 15.55g pure gold
We Buy
£1715.18
Spot Value
£1768.23
We Sell
£1821.28
1/4oz Krugerrand
8.48g total, 7.78g pure gold
We Buy
£857.60
Spot Value
£884.12
We Sell
£910.64
1/10oz Krugerrand
3.39g total, 3.11g pure gold
We Buy
£343.04
Spot Value
£353.65
We Sell
£364.26
| Feature | Krugerrand | Sovereign |
|---|---|---|
| Pure Gold Content | 1oz (31.10g) | 0.2354oz (7.32g) |
| Purity | 22 carat (91.67%) | 22 carat (91.67%) |
| UK Tax Status | VAT free, CGT applies | VAT & CGT exempt |
| Premium Over Spot | 2-4% | 3-6% |
| Liquidity | Excellent globally | Excellent in UK |
| First Minted | 1967 | 1489 |
About Gold Krugerrands
The Krugerrand was the world's first modern gold bullion coin, launched in 1967 by the South African Mint. It became the global standard for gold investment coins and remains one of the most traded gold coins worldwide.
Key Features
- • Contains exactly 1 troy ounce of pure gold (in the 1oz version)
- • 22 carat durability with distinctive copper-gold color
- • No face value - worth its gold content
- • Available in four sizes for flexible investment
- • Recognized and traded in over 130 countries
Investment Considerations
Advantages
- • Lower premiums than smaller coins
- • Highly liquid worldwide
- • Durable 22ct alloy
- • No numismatic complexity
Considerations
- • Subject to CGT in UK
- • Larger initial investment
- • Storage for 1oz coins
- • Exchange rate impacts
VAT Status
VAT-Free - Krugerrands qualify as investment gold under UK law, so there's no VAT on purchases.
Capital Gains Tax
CGT Applies - Unlike UK Sovereigns and Britannias, Krugerrands are NOT CGT-exempt. Profits above your annual allowance (currently £3,000) may be taxable.
Tax Planning Tip: If CGT is a concern, consider UK Sovereigns or Britannias which are CGT-free as UK legal tender. Many investors hold both Krugerrands (for lower premiums) and UK coins (for tax efficiency).
Krugerrands are among the most counterfeited gold coins. Here's how to check authenticity:
| Size | Weight | Diameter | Thickness |
|---|---|---|---|
| 1oz | 33.93g | 32.77mm | 2.84mm |
| 1/2oz | 16.97g | 27.07mm | 2.215mm |
| 1/4oz | 8.48g | 22.06mm | 1.888mm |
| 1/10oz | 3.39g | 16.55mm | 1.35mm |
Visual Checks
- • Distinctive orange-gold colour (from copper alloy)
- • Sharp, detailed springbok on reverse
- • Paul Kruger portrait on obverse
- • Serrated (reeded) edge
Best Practice
- • Buy from reputable, verified dealers
- • Request assay certification
- • Have coins tested with XRF or specific gravity
- • Keep original packaging and receipts
How much is a Krugerrand worth today UK?
A 1oz Krugerrand is currently worth approximately £3536.47 based on its gold content. Dealers typically buy at £3430.37 and sell at £3642.56.
Are Krugerrands tax-free in the UK?
Krugerrands are VAT-free as investment gold. However, they are NOT CGT-exempt - profits may be subject to Capital Gains Tax. For CGT-free gold coins, consider UK Sovereigns or Britannias instead.
Are Krugerrands pure gold?
Krugerrands are 22 carat (91.67% pure) gold alloyed with copper for durability. A 1oz Krugerrand contains exactly 1 troy ounce (31.1035g) of pure gold but weighs 33.93g total.
Should I buy Krugerrands or Sovereigns?
Krugerrands offer lower premiums and are ideal for larger investments (1oz size). Sovereigns provide CGT exemption in the UK and smaller denominations for flexibility. Many investors hold both for diversification.
Where can I sell Krugerrands in the UK?
You can sell Krugerrands to bullion dealers, coin shops, or online dealers. Always compare prices from multiple buyers. Our dealer directory helps you find the best local prices for Krugerrands.
How do I verify a Krugerrand is genuine?
Check weight (33.93g for 1oz), diameter (32.77mm), and thickness (2.84mm). Look for the distinctive orange-gold colour, sharp details, and reeded edge. Buy from reputable dealers who test coins with XRF or specific gravity testing.
Related Pages
About the Author
Founder & Market Researcher
Taro has been actively investing in precious metals and financial markets for over 15 years. Frustrated by the lack of transparent, accurate gold pricing information in the UK, he built London Gold Exchange as a data-driven resource for fellow investors. The site combines real-time market data, verified dealer information from 242+ UK businesses, and insights drawn from years of hands-on experience in the gold market.
- ✓15+ years investing in precious metals & equities
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