Buy Krugerrands from a Licensed Dealer in South Africa

Why Buy Krugerrands from GoldTrust?

You can buy a Krugerrand from a bank, an online shop, or a dealer you found on Google. The coin is the same. What differs is the experience around it: whether pricing is clear upfront, whether you can see the coin before you pay, and whether there is a straightforward path when you want to sell.

GoldTrust is a licensed second-hand goods dealer, registered high-value goods dealer, accountable institution, and Jewellery Council of South Africa member.

You are dealing with a regulated operation. Pricing is confirmed before your appointment. Every coin is tested as standard practice. And when you want to exit, you sell back to us through the same process. No chasing a new buyer, no starting from scratch.

Our specialists are available to discuss denomination, storage, and logistics, but we are not here to tell you why to buy gold. You already know why you are here.

Krugerrands Available

GoldTrust carries all four standard Krugerrand denominations. Contact us for current stock and pricing on any of these:

1. 1oz Krugerrands. The standard bullion Krugerrand, introduced in 1967 and the most widely traded gold coin in the world. Contains one full troy ounce of pure gold, declared on the coin itself: FYNGOUD 1 OZ FINE GOLD. The benchmark denomination and the most liquid when you want to sell.

2. Half Krugerrands (1/2oz). Introduced in 1980. Contains exactly half a troy ounce of pure gold. A practical denomination if you prefer to build a position in stages rather than a single purchase.

3. Quarter Krugerrands (1/4oz). Introduced in 1980. Contains one quarter of a troy ounce of pure gold. Lower capital outlay per coin, same guaranteed gold content standard.

4. Tenth Krugerrands (1/10oz). The smallest of the four standard sizes, also introduced in 1980. Contains one tenth of a troy ounce of pure gold. The lowest entry point into physical Krugerrand ownership.

5. Proof Krugerrands. Struck using specially prepared dies and polished blanks, producing a mirror-like field and frosted design elements. Available in all four sizes when in stock. Proof and bullion coins contain identical gold content for their denomination; the difference is the finish.

6. Silver Krugerrands. 1oz silver Krugerrands containing one troy ounce of 99.9% fine silver. Note that unlike gold Krugerrands, silver Krugerrands carry standard VAT.

Availability varies by denomination. If something is out of stock, we will tell you when we expect it rather than pushing you toward a size that does not fit what you are after.

Already own Krugerrands and want to know what they are worth? See our Krugerrand selling guide for the process and what to expect.

About the Krugerrand

The Krugerrand was the world’s first modern gold bullion coin, introduced in 1967 by the South African Mint in partnership with the Rand Refinery. It was designed to make physical gold ownership accessible to individuals, with a fixed and verifiable gold content guaranteed by the government. That design principle has not changed in nearly sixty years.

Krugerrands are legal tender in South Africa. In practice, their value is determined by gold content rather than face value, but the legal tender status reflects the South African government’s backing of the coin. Gold Krugerrands are exempt from VAT in South Africa across all four denominations. This is specific to gold; silver Krugerrands and other metal types carry standard VAT.

Krugerrands are the most widely traded gold coin in the world. That means there is a deep and established market of buyers when you want to exit, in South Africa and internationally. Liquidity at the point of sale is something most gold marketing glosses over. It should not be glossed over. If you buy from us, you can sell back to us: same process, same transparency, same standards.

The four denominations (1oz, 1/2oz, 1/4oz, 1/10oz) give you flexibility. You can start with a tenth-ounce coin and build over time, or buy a single 1oz. The coin holds what it holds regardless of when or why you bought it.

We don’t advise when to buy, or why. That is your decision.

How Buying Works

Five steps. No ambiguity at any point.

1. Enquire. Contact us via the form on this page, WhatsApp, or phone. Tell us what denomination and quantity you are considering. We confirm current pricing and availability. No commitment at this stage.

2. Consult. A specialist discusses your requirements: denomination, quantity, bullion or proof, storage considerations, and documentation. Whether you are buying your first coin or adding to an existing holding, the consultation is the same.

3. Verify. At your private appointment, the coin is tested using professional equipment in front of you. You see the weight, the test result, and the inscription. Authentication is standard practice on every transaction.

4. Pay. Pricing has already been confirmed and explained. No last-minute adjustments, no “administration fees” that appear at the till. You know what you are paying before you walk in.

5. Collect or arrange delivery. Most buyers collect at the appointment. Insured delivery can be arranged where collection is not practical. Options are confirmed when you book.

Sandton, Umhlanga, Cape Town, George, Pretoria, Centurion, Boksburg, Cresta, and Bedfordview

Krugerrand Sizes and Specifications

Every Krugerrand carries fixed physical properties for its denomination. Knowing these specifications helps you understand exactly what you are buying and why the coin weighs what it weighs.

The four standard sizes

Why 22ct and not 24ct

Krugerrands are minted in 22ct gold, which is 91.67% pure gold alloyed with 8.33% copper. The alloying is deliberate. Copper makes the coin harder and more resistant to the wear that comes from handling and storage over decades. This is why Krugerrands produced in the 1970s still hold their integrity today. The distinctive warm, slightly orange-gold colour compared to a 24ct coin like the Canadian Maple Leaf is a direct result of the copper content.

The important point: the copper alloy adds mass to the coin, but the gold content is fixed and declared regardless. A 1oz Krugerrand always contains exactly one full troy ounce of pure gold. The coin weighs 33.93g rather than one troy ounce (31.10g) because the alloy adds the difference. The gold is all there.

How to read the inscriptions

The reverse of a 1oz Krugerrand carries the inscription FYNGOUD 1 OZ FINE GOLD, in Afrikaans and English. Fractional coins carry their equivalent: FYNGOUD 1/2 OZ FINE GOLD, and so on. This is the South African Mint’s declared guarantee of gold content, stamped into every coin. On the obverse, you will find the portrait of Paul Kruger (after whom the coin is named), the word SUID-AFRIKA and SOUTH AFRICA, and the year of minting. The year appears at the bottom of the obverse face.

Bullion versus proof finish

Bullion Krugerrands have a uniform finish across the coin, consistent with a coin produced for investment trading rather than display. Proof Krugerrands are struck using specially prepared, individually polished dies on individually polished blanks. The result is a coin with a mirror-like, reflective background field and frosted, matte design elements (the springbok on the reverse, the Paul Kruger portrait on the obverse). Proof coins are typically sold in a presentation box with a numbered certificate. The difference is aesthetic. Both contain the same amount of gold for a given denomination.

What you see at your appointment

When you collect your coin, we walk you through the inscription and declared gold content, the weight reading against the stated total coin weight, and the electronic testing result. Standard process on every transaction.

If you have existing Krugerrands and want to know what they are worth, see our sell Krugerrands page for details on the selling process, or contact us for a free, no-obligation assessment.