1 Oz. Gold Krugerrand
The 1 Oz. Gold Krugerrand is presently worth $1,010.30 at 0 time GMT on September 24, 2009. This is from the 24 hour Kitco gold market chart that is reporting the fluctuations while the gold market is open and operating daily. This is possible since the spot gold market price is for one troy ounce of pure gold and the 1 ounce gold Krugerrand contains one troy ounce of pure gold. The coin itself is 22 k gold but the weight of the coin is 1.0909 troy ounces of which there is 1.0 ounces of gold along with copper. Unlike other gold coins that use an alloy of silver and copper, this coin only has copper which gives it a unique orangeish appearance.
The 22k gold coin was introduced over 350 years ago to give the coin some firmness. This is because gold in it pure form is very malleable. This is great when you want to create a work of art out of it, but with gold being so soft, the fine details will not last handling for very long.
Since its introduction in 1967, the 1 Oz. Gold Krugerrand was the prefer coin for those investors that wanted their gold investment in coins, but after the introduction of the American Gold Eagle in 1986, its favor has fallen off to the eagle.
But with the current gold prices at over $1000 an ounce, investment in a 1 Oz. Gold Krugerrand is a sound investment. The price should not stay at this level forever, but it is now and still rising.