is a 1oz krugerrand worth exactly 1oz of gold?

[vash]

say i have a few krugerrands...one ouncers. are they worth more or less the actual weight of gold because they are krugerands?

i think a gold leaf coin is worth more than the krugerrand coin..right?

[gtilove]

http://goldkrugerrandferret.com/about-krugerrands/how-much-krugerrand-worth/

[imcarthur]

Here is Kitco's Pricelist: Gold Products

Ian

[imcarthur]

So to answer your question, the Krugerrand is worth less than Eagle, bar & Maple Leaf.

Product Buying price per unit
1 oz Bar $1,832.60
1 oz Eagle (Ship to Canada) $1,825.10
1 oz Eagle (Ship to USA) $1,835.10
1 oz Maple .9999 $1,835.10
1 oz Maple .99999 $1,871.80
1 oz Krugerrand (Ship to Canada) $1,820.10
1 oz Krugerrand (Ship to USA) $1,825.10

Ian

[gatotom]

to my understanding of coins, kruggerrands have a touch of copper with the gold about 18k, eagles have a touch of silver in them with about 18k gold and maple leafs are just pure gold, so are pandas and the aussie coin. Put the coins together and you can see the color difference.

As copper gets up there in value like all commodities, it will increase in value but imho the kruggerrand is still the low man on the totum pole.

[slodave]

It all depends on the size of your cankles, Vash...

[on2wheels52]

I dock the Krands a bit, at this point I'm paying $40 under spot for them, $30 under for most of the rest. They do contain 1 ounce of gold, but they are alloyed a bit.
I don't know anything about the 18kt that gtom is referring to, there are some .900 pure coins around but they were made for coinage (though they trade mostly for their bullion value now, french 'roosters' for instance).
Jim

[imcarthur]

wiki:

"The Krugerrand's actual weight is 1.0909 troy ounces (33.93 g). It is minted from gold alloy that is 91.67% pure (22 karats), so the coin contains one troy ounce (31.1035 g) of gold. The remaining 8.33% of the coin's weight (2.826 g) is copper (an alloy known historically as crown gold which has long been used for English gold sovereigns), which gives the Krugerrand a more orange appearance than silver-alloyed gold coins. Copper alloy coins are harder and more durable, so they can resist scratches and dents."

Ian

[fred cook]

I believe that you will find that most coins (currency or otherwise) usually run about 22 carat. As stated earlier, there is an alloy mixed with the gold to make the coins more durable. At 22 carat, you are looking at just under 90% gold. If you are looking at U.S. gold coins such as a $5 or $10 gold piece, then there will be an intrinsinc value in addition to the value of the gold.