Here are the answers to some of the most frequently asked questions about the Krugerrand. Learn more about gold Krugerrands [http://www.puregoldkrugerrands.com/] here, and you should also read the FAQ for buying Krugerrands [http://www.puregoldkrugerrands.com/krugerrand-faq/]. It was part of a large set of Krugerrands. Scott H Thompson. The coin should contain one troy ounce (31.1035 grams) of gold, however we found it to contain 0.9816 ounces (30.5312 grams), almost 2% less gold content than it should have. A half-ounce Krugerrand has a weight of 16.965g, a diameter of 27.07mm, a thickness of 2.215mm, and 185 serrations. Article Source: The Krugerrand price, being a bullion coin, is linked to the daily gold price and therefore constantly fluctuates.. All we could do was wait and see how the market situation would develop. I have reported him to eBay. The silver Krugerrand will have an unlimited mintage and be linked to the current silver spot price and Rand/Dollar exchange rate which will give investors exposure to the spot silver price and Brand: Unbranded Model: SKRBU001-1 from R593.88. An uncirculated coin is going to be worth more than the one that has been worn by circulation. This could be due to testing or a bug in the RSS2 Generator. A guy on eBay, who uses the name “slomskicorp”, claims that he has a supply of Fisch Wallets bought from a dealer who was going out of business. It comes with a coin-shaped recess used for checking shape, a slot for checking a coin's thickness and diameter, and a fulcrum to check a coin's weight. Ebay has returned a malformed xml response. We will never sell or rent your email address. Additionally, depending whether the coin is of bullion, proof or non-proof edition will drive Krugerrand value up or down. A Krugerrand can be recognized by the following details: As gold buyers are a sharp bunch he has been outed very quickly. These dealers will have been dealing with these coins for some time, and they should easily be able to notice when a coin doesn't feel right. The Krugerrand is a popular gold coin that is minted in South Africa and distributed to buyers around the world. The first Krugerrand was minted in 1967 as a vehicle for the private ownership of Gold. Krugerrand value is also driven by a coin’s actual grade, or condition it’s in. The more I think about it, the more irritated I get. Scott H Thompson  |   Learn more. Photo: Mr. Braun of Münzen-Medaillen-Frankfurt. Once we receive your details we will process and send an invoice for payment. Not surprisingly, it does not have the same finish. 1984 Krugerrand 1oz gold. There is no money in doing it right. The Fisch Tester will save you time and effort and can make it much easier for you to spot a phony. How to say krugerrand. How Much Is A Krugerrand Worth In Dollars Tuesday, 5 January 2021. There are separate testers for each weight, however carrying the lot of them in the case is very convenient, and you're not looking up weights and measures since the characteristics are all carefully built into the the device. You'll notice that the South African mint has published data on the weight, diameter, and width of … 2013 Maple Leaf 1oz gold. Since 1980, Krugerrands have become available in three additional smaller sizes 1/10 oz, 1/4 oz and 1/2 oz.. Beyond its obvious country of origin and primary material, the gold Krugerrand was first minted in 1967 as a means by which South African citizens could own gold. With a durable formation, timeless design, proven tradability and reliability and global liquidity, the Krugerrand has proven to stand the test of time. https://EzineArticles.com/expert/Scott_H_Thompson/814912, Investing: Gold-Silver Knowledge about these properties and a series of tests is what allows a buyer to identify a fake Krugerrand, even when a counterfeiter has tried very hard to make it appear genuine. You can either get a scale and ruler, and measure yourself, or you can use a precision tester, such as the one manufactured by Fisch instruments, to make the testing quick and easy. I appreciate greatly that you have sent me such detailed information on this. Weighted to match the specific gravity of gold in each denomination, and then aligned to the correct dimensions for width and maximum diameter, the Fisch allows you to test for a fake Krugerrand anywhere. He has deleted the name “Fisch” from his eBay listing, but his demo still says “Testing a gold coin with Fisch Instruments”. 4 Reasons Why Gold Is An Amazing Metal And How to Recognise Fake Gold, Main Points To Be Kept in Mind While Selling Gold, Predicting The Price Of Gold Is A Fool's Game, How to Refine Gold From Your Business Scraps and Make Money, Learn How To Detect A Fake Krugerrand Gold Coin, https://EzineArticles.com/expert/Scott_H_Thompson/814912, http://ezinearticles.com/?Learn-­How-­To-­Detect-­A-­Fake-­Krugerrand-­Gold-­Coin&id=6135934. The name is a compound of Paul Kruger, the former President of the South African Republic (depicted on the obverse), and rand, the South African unit of currency. 7 Articles, By Dragging a scale down to the flea market could be a chore, but this Krugerrand tester can fit easily in your pocket. The gold Krugerrand has a diameter of 32.6mm, a thickness of 2.74mm, and has a fineness of .9167, or 22 karats. So now he is trying to backtrack. Here is what I am in the process of putting on the website: To protect yourself, only buy The Fisch from this website. And now, along comes this opportunist who steals the design, steals the name and misrepresents his inferior knock off as the Fisch. Essentially, you actually ought to develop the abilities to find out if a Krugerrand is … Will Crypto-Based E-Commerce Destroy the Dinosaur-Style Banking Industry? Someone who merely copies it is not going to have the interest or inclination to get it right. The chosen vehicle to drive the demand was the Krugerrand, which was developed in the 1960s by the Chamber of Mines of South Africa, working closely with the South African Reserve Bank and the South African Mint. The fake Fisch does not have the Fisch logo or the name “The Fisch” on the front panel of the gauge. In the absence of a dealer and a graded coin, the Fisch Instruments Krugerrand Tester is like having a little gold coin dealer in your pocket. Bullion coins are made to a set of specifications, giving you a reference point to test the authenticity of your gold. Approach the gold dealer of your choice. Just the sort of guy you want to avoid doing business with. Of the lot, around 8 were non-genuine / counterfeit. For without using the Fisch name, he has nothing. 5. And finally, a 1/10 ounce Krugerrand carries a weight of 3.393g, a diameter of 16.55mm, a thickness of 1.35mm, and 115 serrations. If made the correct weight and diameter, it would be 54% too thick. In order to carry out these tests, you will want fine-grained ruler that has millimeter markings plus an accurate scale that can weigh in grams. He has also deleted his listings on Craigslist. To purchase krugerrands select the purchase button ( or use our chat widget or whats app line) and complete the form and input your details and the amount of krugerrands you would like to purchase. 1978 Krugerrand 1oz For decades the Krugerrand has been the bullion of choice, as a way to secure peace of mind for financial stability and as a coin suited to collecting. X-ray Another way of checking the authenticity of the coin, is by using X-ray testers, which are often used by jewelers to test any gold they buy. Instead, it has become a favorite of coin collectors all over the world, known as “medal coins.” The Fisch is a precision made instrument that checks the vital measurements of a specific coin: These are the minimum allowable weight, maximum allowable thickness, maximum allowable diameter and the shape as specified by the issuing mint. How to pronounce krugerrand. The alloy of the Krugerrand was selected at 22 carat or 916.7% gold with the balance being copper, the old traditional alloy of gold coins.. Armed with this new knowledge, you should now have the capability to detect a phony Krugerrand on your own. Krugerrands are internationally the most recognisable and widely traded Gold coins in the World. Krugerrand specifications are readily available to help buyers spot that fake Krugerrand. The Krugerrand is the official gold bullion coin of South Africa, and it has become one of the most popular gold bullion coins in the world. We are Buyers of all Krugerrand Coins of any date, Check today's Krugerrand Coin buying prices on our Krugerrand Coin Price Calculator, then call us on 0113 815 1878 to make an appointment to sell your Krugerrand coin to us at our offices or by Home appointment. And you should be aware that the metals that are as dense as gold are either very difficult to acquire, very steeply-priced, or pretty brittle. This tool is highly recommended by gold dealers and bankers..." You’ll notice that the South African mint has published data on the weight, diameter and … The creator of the Fisch responded via email, here it is courtesy of the Kitco Forum: Thanks for writing. Gold is at record highs, protect your investment with a Krugerrand Tester. An example of a 1oz Gold Krugerrand … Definitely when it is something as important as to whether a gold coin is fake or not. What's more, reputable coin vendors will be concerned about their reputations, so they'll truly have an incentive to ensure that they only offer genuine gold coins. Best of luck in your adventures in the gold market! If someone does decide to create a fake Krugerrand fashioned out of one of these other, lesser metals, the weight differential should really be entirely noticeable if you know what it is you should be looking for. Krugerrand 1 oz Price: Get all information on the Price of Krugerrand 1 oz including News, Charts and Realtime Quotes. Knowledge about these properties and a series of tests is what allows a buyer to identify a fake Krugerrand even when a counterfeiter has tried very hard to make it appear genuine. The Instruction Card and the Wallet are copies of the real thing. Platinum Author At the same time, you should be careful about buying a Fisch Tester on eBay because, in a twist of irony, there have been some reports of imitation Fisch Testers being offered there. 2011 Maple Leaf 1oz silver - Too thick and therefore detected by the Fisch. Fake Krugerrands and other gold bullion does exist; Non-genuine real gold Krugerrands, and other gold bullion, does exist ; It is always a good idea to test and inspect gold bullion acquisitions closely prior to paying; Non-genuine real gold bullion is worth its scrap gold value because it has to be sent to the refinery; Gold Dealer Recommendations © 2021 EzineArticlesAll Rights Reserved Worldwide, Online Store Sells Gold Product Based on Digital Currency. It seems he was also trying to sell on Craigslist in Chicago, LA & San Diego. It is one of the world's most popular and best-known gold bullion coins. In addition, you should be aware that gold has some special characteristics that make it unique. The Gold Krugerrand coins are a favourite with investment portfolios due to the high gold value and collectibility factor. Making an investment in gold is truly one of the best financial investments you can make, and investing in gold coins is easy. |   Nor are they going to be prepared to invest in the quality tooling needed. Weighted to match the specific gravity of gold in each denomination, and then aligned to the correct dimensions for width and maximum diameter, the Fisch allows you to test for a fake Krugerrand anywhere. Krugerrands contain 22 karat … Specifically, it has a very high density, higher than the other easily available metals. The Fisch Test is the accepted standard of testing for fake Krugerrands the world over. A lower domination in perfect condition could result in you getting much more. Gold Krugerrands. The Krugerrand (/ ˈ k r uː É¡ ə r æ n d /; Afrikaans: [ˈkrœjərˌrant]) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint. And finally, a 1/10 ounce Krugerrand carries a weight of 3.393g, a diameter of 16.55mm, a thickness of 1.35mm, and 115 serrations. It is not something that you can just “knock off”. Today, the Krugerrand is regarded as one of the worlds' oldest and most recognizable gold bullion coins, carrying with it all of the qualities one could want in a gold investment: liquidity, portability and beauty. 2004 Maple Leaf 1oz gold – Oversize diameter and therefore detected by the Fisch. The easiest way to avoid purchasing a fake Krugerrand will be to deal only with a reputable vendor, particularly a coin seller who specializes in or has extensive experience with Krugerrand coins. A quarter-ounce Krugerrand carries a weight of 8.482g, a diameter of 22.06mm, a thickness of 1.888mm, and 150 serrations. What is a South African Gold Krugerrand? But he will try to continue trade on the Fisch name where he thinks he can get away with it. Test its size and weight This test applies primarily to bullion coins and simply involves checking the size and weight of your coin. Yes, it is a fake. A genuine Fisch gauge has either the Fisch logo or, in a few cases, the name "The Fisch" on the front panel. Krugerrand gold coins 1 oz spot price cur prices investing in gold krugerrand coins krugerrand krugerrands value gold what is a krugerrand coin how to get the best price for krugerrands still a safe haven bet even as world wakes up to 1 oz gold krugerrand coins kitco. at 1 shops View 2 Offers Add to compare However, due to the apartheid policy in South Africa and U.S. importation restrictions in the mid 1980’s, which were in place until the early 90’s, the coin fell out of favour amongst U.S. investors. In order to carry out these tests, you will want fine-grained ruler that has millimeter markings plus an accurate scale that can weigh in grams. The set includes the new Ringer, which is a brilliant tool for testing for authenticity. Here is a name and product that has 29 years of work in it: Firstly getting the Fisch right, then the years getting it accepted and used by mints, banks, dealers and investors in over 40 countries. Standards for these coins are published by the South African Mint and publicly available, so you can compare the coin you are thinking of buying with these standards. 2011 American Eagle 1oz silver - Too thick and therefore detected by the Fisch. While that is one step you can take, remember that it's also relatively easy to verify the authenticity of a Krugerrand on your own. 2001 American Eagle 1oz gold. I have reported it to eBay. ***UPDATE: Got an comment from an alert reader- Fred, about FAKE FISCH Testers for sale on eBay. The first modern gold bullion coin ever produced, the Krugerrand has a total circulation in the high double-digit millions. Essentially, you really should develop the skills to determine if a Krugerrand is fake. Fears that the market was getting flooded with fake Krugerrands, Maple Leafs, etc., as well as bars in all weight units, were justified. Gold is one of the densest metals on the planet, with physical properties that are incredibly hard In 1967, the government of South Africa minted the gold krugerrand to increase the marketing of South African gold. Gold Krugerrand Coin. Testing authenticity of Krugerrand coinTa Size, weight, magnetic, visual, x-ray, ultrasound, assay, sound 5. Although the krugerrand is considered as legal currency in South Africa, it is rarely used for that purpose. If you’re pondering of shopping for some gold Krugerrands, South Africa’s official gold bullion cash, then it might be a good suggestion to change into acquainted with this distinctive coin. Seeing the coin’s price is directly linked to the current gold price, stated in US Dollars, convert the latter into the equivalent ZAR, using the relevant exchange rate. Gold krugerrand worth may 2020 gold krugerrands 1 oz 2019 1oz gold krugerrand from 1 897 1 4 oz krugerrand south african gold gold krugerrands gold krugerrands 1 oz. Previously the world’s most popular bullion coin. In terms of physical characteristics, this is what you should be looking for: a 1 ounce Krugerrand has a weight of 33.930g, a diameter of 32.77mm, a thickness of 2.84m, and 160 serrations around the edge. If you are thinking of buying some gold Krugerrands, South Africa's official gold bullion coins, then it'd be a good idea to become familiar with this unique coin. I got this 1ozt Krugerrand gold coins in February 2019. Listen to the audio pronunciation in the Cambridge English Dictionary. Gold Krugerrand Ferret recommends that you buy from gold dealers who specialize in Krugerrands, and that you make use of authentication services such as Numismatic Guaranty Corporation (NGC), and Professional Coin Grading Service (PCGS). Hopefully, you'll never need this skill, but it is good to have nonetheless and it's relatively easy to learn. All of this is in your advantage when attempting to spot a fake. A heavily gilded tungsten Krugerrand, as it recently appeared on the market. A fake made from lead to exactly the same thickness and diameter as a genuine Krugerrand would be 35% lighter than the genuine coin. You can tell because they don't have the Fisch logo on them and are lighter than the genuine testers. As a substitute, there is also a very useful gadget known as the Fisch Tester that can test all of these things for you. Submitted On March 31, 2011. Dragging a scale down to the flea market could be a chore, but this Krugerrand tester can fit easily in your pocket. Niton Test Results. We Niton tested a 2017 50th Anniversary 1oz Gold Krugerrand. Our original test is below. Please check the support forums to see if there are any posts regarding recent RSS2 Generator bugs. The Fisch is a precision instrument with a lot of care, time and money taken in its manufacture. To be safe, you may want to buy directly from Fisch. There are many out there but I recommend one that has an A+ rating with the BBB. The Krugerrand was originally issued as a 1 oz coin as it contains one full troy ounce (31.1035 grams) of gold but it actually weighs slightly more (33.9305 grams) due to the additional copper.. From 1980, three fractional sizes were introduced, namely a half, quarter, and tenth ounce size.. Trio of Krugerrands. An ounce of Krugerrand in poor condition will get you, at a minimum, the scrap value for gold (for further information, check out our scrap gold price per gram calculator). 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Thompson | Submitted on March 31, 2011 private ownership of gold for Krugerrands... A fineness of.9167, or 22 karats of South African gold from an alert reader- Fred, fake! Of care, time and effort and can make, and has a very high density, higher the! €œFisch” from his eBay listing, but this Krugerrand tester Sells gold product Based on Digital currency is truly of! 2017 50th Anniversary how to test a krugerrand gold Krugerrand to increase the marketing of South Africa it. Copies it is good to have nonetheless and it 's relatively easy to learn 1 oz:. To learn just the sort of guy you want to avoid doing with., it is courtesy of the real thing is in your adventures in RSS2. Invest in the high double-digit millions internationally the most recognisable and widely traded gold coins is.! Wait and see how the market how to test a krugerrand would develop Source: https:,! Due to testing or a bug in the world over think about it, the more I think it. 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