The typical value of a 1-ounce fine gold Krugerrand is generally the market price of an ounce of gold at the time plus a premium. As of October 2015, the value of a 1-ounce gold Krugerrand is approximately $1,250. The value of Krugerrands fluctuates with the price of gold.
The Krugerrand is a South African coin that contains one troy ounce of 22-karat or 91.67 percent pure gold. The coin does not have a denomination or official face value and trades as gold bullion according to current selling prices for gold on world markets.
The South African mint also produces Krugerrands in 1/2-, 1/4- and 1/10-ounce fractional weights. The coin takes its name from the fifth president of the South African Republic, Paul Kruger, whose likeness appears on the coin.