What is the purity of a 1980 gold Krugerrand coin?


Quick Answer

A 1980 gold Krugerrand coin has a purity rating of 22 karats, which is approximately 91.7 percent pure. Krugerrand coins are minted in South Africa and have no monetary denominations or face values. They are traded as a commodity at international market prices for gold.

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Full Answer

A Krugerrand coin contains exactly 1 troy ounce or approximately 31.14 grams of nearly pure gold. The South African Mint also produced coins in 1/2-, 1/4- and 1/10-ounce fractional weights in 1980. The front of the coin contains an image of Paul Kruger, the fifth president of the South African Republic, from whom the coin takes its name. The reverse depicts a springbok antelope between the numbers 19 and 80 to designate the year of production. The words "South Africa" and “1 oz. Fine Gold” appear in English and Afrikaans on opposite sides of the coin.

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