One ounce of Krugerrand gold, melted down, is worth the current market price of gold, or $1154.90 USD as of August 22, 2015. Krugerrands are weighed based on their gold content, so a one-ounce Krugerrand is slightly heavier than an ounce, but holds one full ounce of gold.
Select Krugerrands are worth more than the price of their component metals due to their value as collectors' items. Usually, these coins are those that have received limited or no circulation, and thus are rarer than the standard bullion Krugerrand. Krugerrands have a small amount of copper alloy in them to increase their longevity and durability.