Gold Coin 1 oz
Number of products: 36Gold coins 1 oz are the world's most popular bullion format — each coin contains exactly 31.1035 g of fine gold (one troy ounce). At GoldInvest24, all flagship 1 oz series are available: Krugerrand (South African Mint), Britannia (The Royal Mint), Maple Leaf (Royal Canadian Mint), Wiener Philharmoniker (Münze Österreich), American Eagle (United States Mint), Kangaroo (The Perth Mint) and Chinese Panda 30 g (China Gold Coin Corporation). As bullion gold, all 1 oz coins are VAT-exempt across the EU (Directive 2006/112/EC Art. 344). Check current prices on our precious metals prices page.
Gold Coins 1 oz — What Is a Troy Ounce?
The troy ounce (abbreviated oz t) is the international unit of mass used in precious metals trading — it equals exactly 31.1035 g. This is the standard at the LBMA in London and COMEX in New York. Every bullion coin denominated at 1 oz — regardless of issuer — contains the same amount of fine gold, ensuring full comparability between series and straightforward valuation against current market prices.
The 1 oz format dominates global bullion trading due to its direct link to spot quotations — the price of a 1 oz coin reflects the current gold price plus dealer margin. At GoldInvest24, we offer the full range of 1 oz coins — from the classic Krugerrand (916.7 fineness, since 1967) to 999.9 coins: Britannia, Maple Leaf, Wiener Philharmoniker and Kangaroo.
Comparison of 1 oz Coins — Seven Flagship Series
| Coin | Issuer | Fineness | Since | Distinguishing Feature |
|---|---|---|---|---|
| Krugerrand | South African Mint | 916.7 | 1967 | First modern bullion coin, Crown Gold alloy |
| Britannia | The Royal Mint | 999.9 | 1987 | 4-tier anti-counterfeiting features (from 2021) |
| Maple Leaf | Royal Canadian Mint | 999.9 | 1979 | Bullion DNA technology, optional 999.99 |
| Wiener Philharmoniker | Münze Österreich | 999.9 | 1989 | Only bullion coin with EUR face value |
| American Eagle | United States Mint | 916.7 | 1986 | Saint-Gaudens design (1907), US government guarantee |
| Kangaroo | The Perth Mint | 999.9 | 1986 | Annually changing reverse, micro-engraving |
| Chinese Panda 30 g* | China Gold Coin Corp. | 999 | 1982 | Annually changing reverse, metric system |
*The Panda 30 g is the metric equivalent of 1 oz — since 2016, China uses the gram system. 30 g = slightly less than 31.1035 g (1 troy ounce).
Fineness 916.7 vs. 999.9 — What's the Difference?
Bullion coins come in two fineness standards. 999.9 (Britannia, Maple Leaf, Philharmoniker, Kangaroo) means virtually pure gold — a 1 oz coin weighs 31.1035 g and contains 31.1035 g Au. 916.7 (Krugerrand, American Eagle) is so-called Crown Gold — an alloy with copper (Krugerrand) or copper and silver (Eagle). The coin is heavier (approx. 33.93 g) but contains the same amount of fine gold: 31.1035 g Au. The copper addition gives a characteristic rose-gold hue and increases scratch resistance.
VAT Exemption in the EU
All 1 oz bullion coins at GoldInvest24 meet the criteria for investment gold under Directive 2006/112/EC Art. 344–346: fineness at least 900/1000, minted after 1800, legal tender status in the issuing country. The purchase price includes no VAT — the buyer pays only the metal value plus dealer margin. The exemption applies in all EU member states, though implementation details vary by country.
1 oz Coin vs. Smaller Denominations
Bullion coins are minted in several weights — from 1/20 oz (approx. 1.56 g) to 1 oz (31.1035 g). The larger the coin, the lower the percentage production and distribution costs per gram of gold. The 1 oz format offers the most favourable ratio of metal value to final price. Smaller denominations (1/2 oz, 1/4 oz, 1/10 oz) offer a lower entry threshold and greater flexibility for partial resale.
1 oz Coin vs. 1 oz Bar
Gold bars of 1 oz carry a lower dealer margin than coins, as their production is simpler — no intricate striking, no anti-counterfeiting features, no face value. 1 oz coins, however, carry legal tender status in the issuing country, a mint guarantee of weight and fineness, and higher recognition on the secondary market. Both formats are VAT-exempt as investment gold.
Why GoldInvest24?
At GoldInvest24, all seven flagship 1 oz coin series are available — from the Krugerrand to the Chinese Panda. Every coin comes from authorised distribution channels of the respective mint. Explore also:
- Gold bullion coins — all series and weights
- Gold bars — from 1 g to 1 kg, Valcambi, Argor-Heraeus, PAMP, Umicore, C.Hafner
- Silver bullion coins — precious metals portfolio diversification
- Platinum and palladium — platinum group metals
FAQ — Frequently Asked Questions About Gold Coins 1 oz
How much does a 1 oz gold coin weigh?
Every 1 oz coin contains 31.1035 g of fine gold — one troy ounce. In 999.9 coins (Britannia, Maple Leaf, Philharmoniker, Kangaroo) the total weight equals the fine gold content. In 22-carat coins (Krugerrand, American Eagle) the total weight is approx. 33.93 g — the copper addition increases durability, but the Au content remains 31.1035 g.
Are all 1 oz coins VAT-exempt?
Yes. All 1 oz bullion coins at GoldInvest24 meet the criteria for investment gold under Directive 2006/112/EC Art. 344. Requirements: fineness min. 900/1000, minted after 1800, legal tender status, price not exceeding 180% of the gold content value.
What is the difference between 916.7 and 999.9 fineness?
999.9 is virtually pure gold — a 1 oz coin weighs 31.1035 g. 916.7 (Crown Gold) is an alloy with copper — the coin weighs approx. 33.93 g but contains the same amount of fine gold: 31.1035 g. Both fineness levels qualify for VAT exemption.
What is the Chinese Panda 30 g in the context of 1 oz coins?
Since 2016, China uses the metric system instead of troy ounces. The Chinese Panda 30 g is the equivalent of the 1 oz format — it contains 30.000 g of fine gold vs. 31.1035 g in a classic troy ounce. The difference is approximately 3.5%.
1 oz coin or 1 oz bar?
Bars of 1 oz carry a lower dealer margin — their production is simpler. 1 oz coins offer legal tender status, a mint guarantee and higher recognition on the secondary market. Both formats are VAT-exempt as investment gold.
Why does a 1 oz coin have a lower margin than smaller denominations?
Fixed production costs (striking, security features, packaging, distribution) are spread across a larger amount of metal in a 1 oz coin. The smaller the coin, the higher the percentage share of production costs in the final price.
Which 1 oz coin has a euro face value?
Wiener Philharmoniker — the only bullion coin in the world with a euro face value (EUR 100 for 1 oz). Minted by Münze Österreich since 1989 at 999.9 fineness. Other coins have face values in national currencies: Krugerrand (ZAR), Britannia (GBP), Maple Leaf (CAD), American Eagle (USD), Kangaroo (AUD), Panda (CNY).