Krugerrand and Maple Leaf value in pounds
A one ounce Krugerrand contains one troy ounce of gold in a coin 916.7 fine, according to the Royal Mint, which sells it; the rest of the coin is alloy metal that makes it harder. A Canadian Maple Leaf contains one ounce at 999 fine in the Royal Mint’s listing. Their metal values are therefore the same: the spot price of an ounce, which this calculator reads in pounds from gold-api.com and shows with its time. What differs from British coins is tax. Neither coin is sterling, so HMRC treats both as chargeable assets, and a gain on them can be liable to Capital Gains Tax once a sale exceeds the £6,000 limit for personal possessions; sovereigns and Britannias are not. Both are investment gold for VAT. Gold by Carat is an independent site, not a gold buyer or a dealer.
Example: value of the gold in 1 × Krugerrand 1 oz
£3,099
31.103 g of pure gold per coin, £3,098.60 each
| Gold in 1,000 parts | 916.7 |
| Tax when you sell | Foreign coin: tax-free up to £6,000 |
Figures and rules checked by the site’s publisher, Radif Partners · How the values are worked out · Editorial policy
Krugerrand value in pounds: same gold, different tax
| Coin | Fine gold | Fineness | Metal value | Capital Gains Tax |
|---|---|---|---|---|
| Krugerrand 1 oz | 1 oz | 916.7 | £3,099 | Chargeable, chattel rule |
| Maple Leaf 1 oz | 1 oz | 999 | £3,099 | Chargeable, chattel rule |
| Britannia 1 oz | 1 oz | 999.9 | £3,099 | Outside CGT (sterling) |
More detail below: tap a heading to open it.
Specifications
The Royal Mint sells both coins and gives their specifications: the Krugerrand at one ounce of fine gold, 916.7 fine, and the Canadian Maple Leaf at one ounce, 999 fine. The calculator values each from that content, so worn coins or ones with damaged edges may fetch less from a dealer than the figure shown.
Capital Gains Tax on foreign coins
HMRC’s Capital Gains Manual says currency other than sterling is a chargeable asset. A Krugerrand is legal tender in South Africa and a Maple Leaf in Canada, so neither has the exemption that sterling coins enjoy. GOV.UK lists coins among personal possessions, so a sale of £6,000 or less is exempt, and above that the gain is capped at five thirds of the excess. Whether several coins sold together to one buyer count as a set depends on the facts. The Capital Gains Tax calculator handles all three cases.
VAT
Both coins meet the investment gold tests in VAT Notice 701/21: minted after 1800, at least 900 fine, legal tender in their country, and normally sold for no more than 180% of their gold value. Dealers sell them without VAT.
If the tax difference matters to you, the Britannia page and the sovereign page value the British equivalents.