1.4 oz Krugerrand Gold Coin minted since 1967, the South African Krugerrand quickly became one of the most popular and numerous one ounce bullion gold coin in the world, and offers a great value way to invest in gold to this day and Krugerrands are 22 carat gold, but weigh more than a troy ounce and therefore contain exactly 1 troy ounce of fine (24 carat) gold.