How much gold is in a Krugerrand?
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Benjamin Stewart
Works at the International Energy Agency, Lives in Paris, France.
Hello, I'm an expert in precious metals and coinage. Let's dive into the specifics of the Krugerrand.
The Krugerrand is a popular gold coin that originated from South Africa. It was first minted in 1967 to help market South African gold to the world. The coin is known for its high gold content and is considered one of the most widely recognized gold bullion coins.
The standard Krugerrand is made up of 91.67% gold, which is a mixture known as 22-karat gold. The remaining 8.33% is a mixture of copper, which gives the coin its durability and resistance to wear. The weight of a standard Krugerrand is 1.0909 troy ounces.
To calculate the amount of gold in a Krugerrand, you would take the weight of the coin and multiply it by the gold purity:
1.0909 troy ounces * 0.9167 (gold purity) = approximately 1.0 troy ounces of gold.
So, a standard Krugerrand contains about 1 troy ounce of gold.
The Krugerrand is a popular gold coin that originated from South Africa. It was first minted in 1967 to help market South African gold to the world. The coin is known for its high gold content and is considered one of the most widely recognized gold bullion coins.
The standard Krugerrand is made up of 91.67% gold, which is a mixture known as 22-karat gold. The remaining 8.33% is a mixture of copper, which gives the coin its durability and resistance to wear. The weight of a standard Krugerrand is 1.0909 troy ounces.
To calculate the amount of gold in a Krugerrand, you would take the weight of the coin and multiply it by the gold purity:
1.0909 troy ounces * 0.9167 (gold purity) = approximately 1.0 troy ounces of gold.
So, a standard Krugerrand contains about 1 troy ounce of gold.
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Studied at the University of Sydney, Lives in Sydney, Australia.
The Krugerrand is 32.77 mm in diameter and 2.84 mm thick. The Krugerrand's actual weight is 1.0909 troy ounces (33.93 g). It is minted from gold alloy that is 91.67% pure (22 karats), so the coin contains one troy ounce (31.1035 g) of gold.
2023-04-07 08:04:39
Julian Wilson
QuesHub.com delivers expert answers and knowledge to you.
The Krugerrand is 32.77 mm in diameter and 2.84 mm thick. The Krugerrand's actual weight is 1.0909 troy ounces (33.93 g). It is minted from gold alloy that is 91.67% pure (22 karats), so the coin contains one troy ounce (31.1035 g) of gold.
