Coins and Medallions

Rand Refinery produces a range of coins and medallions for private investors to purchase via coin dealers. Coins which each contain a minimum of 99.5% fine gold are appropriate for private investors wishing to buy small amounts of pure gold. In many countries, including all member states of the European Union, gold purchased for investment purposes is exempt from VAT.


The world’s most famous coin, the Krugerrand, is solely manufactured by Rand Refinery. Since its introduction in 1967, more than 54 million Krugerrands in varying denominations have been manufactured, marketed and delivered by the company. A symbol of wealth and recognised internationally as one of South Africa’s premium brands, the Krugerrand has earned the reputation as “the world’s best way to own gold”. This world leader remains the most actively traded gold coin in many countries.

Coin Blanks

Refined gold, cast into strips, is rolled and punched into coin blanks which are individually weighed to ensure that each blank contains the amount of gold requested and checked to ascertain that it conforms to the size i.e. diameter and thickness ordered. Orders for coin blanks usually come from mints around the world. The South African Mint is also a customer of Rand Refinery – see

Coin blanks can be supplied in a certified alloy range of 9ct, 14ct, 18ct, 22ct and 24ct (9999's) as well as 999 purity silver.

Sp Specifications of coin blank diameters
Coin blanks diameter range:
32.77 mm
27.07 mm
22.06 mm
16.55 mm
All coin blanks are produced from responsible gold.

Other diameters can be quoted for on request.

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