0:30
A 1-ounce Krugerrand weighs 1.09 ounces because it contains one troy ounce of pure gold plus copper alloy. The coin's price tracks the gold spot price, around $4,000, not its total weight, making it straightforward to value.
A 1-ounce Krugerrand weighs 1.09 ounces because it contains one troy ounce of pure gold plus copper alloy. The coin's price tracks the gold spot price, around $4,000, not its total weight, making it straightforward to value.
It contains exactly 1 troy ounce of pure gold. However, when you put it on the scale, it comes out to 1.09. The reason is because it has a little bit of copper. Now, the 1-ounce Krugerrand is still the value of 1 ounce of gold. So for example, right now, this Krugerrand is the price of gold, which is $4,000. That's ballpark what you should get for this coin. So that's why this is an easy coin to figure out and an easy coin to understand.
