The Half oz Gold Krugerrand Value calculator computes the approximate current market value of a number of South African gold Krugerrand half ounce coins based on their gold content and a numismatic percent adder.
INSTRUCTIONS: Choose units and enter the following:
(n) Number of coins
(nv) Numismatic Value Factor (percent above spot)
Coin Value (V): The calculator returns:
Value of Coins in U.S. dollars
Height of the stack of coins in millimeters
Total weight of coins in grams
The Math / Science
The formula for the value of Krugerrand Coins is:
V = n*SPOT*cw*nv
where:
V = Value of the Krugerrand Coins
n = number of coins
cw = gold per coin (grams)
SPOT = spot price of gold per troy ounce
nv = numismatic factor
South African Gold Krugerrands
A Krugerrand is a gold or silver coin from the nation of South Africa. It was first minted in 1967 by the South African Mint and the Rand Refinery. The face has the likeness of Paul Kruger, the President of South Africa from 1883 to 1902, and the reverse is the likeness of a pronking springbok, which is the national animal.
The value of a Gold Krugerrands are based on their weight and purity of the coins (below) and a numismatic value factor (multiplier), along with the current spot price of gold to determine the value of each coin.
Gold South African Krugerrands are 22 carats, .9167 pure gold (Au) and .0833 Copper (Cu).