Sell a Krugerrand today, in rands

What a dealer pays to buy your Krugerrand

Two numbers sit inside every Krugerrand sale. The first is the melt value, the pure gold in the coin priced at today's rand rate, which is the table above. The second is the payout, what a buyer actually hands over, which is melt minus their margin. With scrap jewellery that margin is wide, because the metal has to be tested, melted and refined and its carat is often uncertain. With a Krugerrand it is thin.

The reason is liquidity. A Krugerrand is a known, government-minted, one-ounce coin that a reputable dealer can resell immediately as a coin, so they do not need a deep discount to protect themselves, and a fair offer lands close to melt. We will not print a premium as if it were fixed, because it moves with the dealer, the coin and the day. The honest tool is the melt figure itself: take any offer, compare it against the melt for that coin size, and you can see in rands exactly what you are giving up. Then get a second offer and let the two compete.

Sell Krugerrand price today, by coin size

Every Krugerrand is 22 carat, 91.67% gold alloyed with copper for hardness, so a 1oz coin weighs 33.93g gross but contains exactly 31.10g of fine gold. You are paid on the fine content, never the gross weight. Each standard size holds a clean fraction of an ounce, and this is the melt a buyer prices your coin from:

• 1oz: one full troy ounce of fine gold, R68 489 in metal today.
• 1/2oz: half an ounce, R34 245.
• 1/4oz: a quarter ounce, R17 122.
• 1/10oz: a tenth of an ounce, R6 849.

Where to sell, and who to sell to

Sell to a licensed buyer, wherever you are. A compliant South African gold buyer is registered three times over, under the Precious Metals Act, the Second-Hand Goods Act and, for larger trades, FICA, and by law they must take your identity document and record the sale. That paperwork is your protection, not friction: the buyer who will not take your ID is the one to avoid. Before you hand anything over, read how to verify a gold buyer and ask to see the registrations.

We do not rank dealers or run a "best buyer" list, because the moment a price guide starts ranking shops it stops being a price guide. What we can tell you is how to choose one near you: pick a licensed dealer, take your Krugerrand in, watch it weighed and tested in front of you, and get the offer in writing. Then take the same coin to a second licensed buyer and compare both offers against the melt figure on this page. The one closest to melt wins.

The gain is inside Capital Gains Tax

A Krugerrand is not a tax-free coin. SARS treats a coin made mainly from gold as an asset for Capital Gains Tax, and specifically excludes gold coins from the personal-use-asset relief, so a gain when you sell can be taxable once it clears your annual exclusion. This is the point most sellers get wrong, and it is worth getting right before a large sale. The full position, with the current-year figures and a worked example, is on our tax on selling gold page. Treat this as general information, not tax advice, and confirm your own numbers with SARS or a tax practitioner.

The Goldza desk

General information, not financial or tax advice. Melt values are computed live from the rand gold ounce price and are the metal floor, not a payout guarantee. Capital Gains Tax treatment of gold coins: SARS Capital Gains Tax exclusions and roll-overs. Confirm current figures with SARS or a tax practitioner.