With a durable formation, timeless design, proven tradability and reliability and global liquidity, the Krugerrand has proven to stand the test of time. As gold buyers are a sharp bunch he has been outed very quickly. There is no money in doing it right. 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. 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. Please check the support forums to see if there are any posts regarding recent RSS2 Generator bugs. Test its size and weight This test applies primarily to bullion coins and simply involves checking the size and weight of your coin. All we could do was wait and see how the market situation would develop. Although the krugerrand is considered as legal currency in South Africa, it is rarely used for that purpose. 2004 Maple Leaf 1oz gold – Oversize diameter and therefore detected by the Fisch. 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. I got this 1ozt Krugerrand gold coins in February 2019. I have reported it to eBay. 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. This could be due to testing or a bug in the RSS2 Generator. 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. 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. Listen to the audio pronunciation in the Cambridge English Dictionary. He has also deleted his listings on Craigslist. Our original test is below. 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. Testing authenticity of Krugerrand coinTa Size, weight, magnetic, visual, x-ray, ultrasound, assay, sound 5. To be safe, you may want to buy directly from Fisch. 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. 2013 Maple Leaf 1oz gold. The Krugerrand was the world’s first ounce-denominated gold coin. Instead, it has become a favorite of coin collectors all over the world, known as “medal coins.” 5. Krugerrand value is also driven by a coin’s actual grade, or condition it’s in. 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. The Gold Krugerrand coins are a favourite with investment portfolios due to the high gold value and collectibility factor. 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. 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. 2011 American Eagle 1oz silver - Too thick and therefore detected by the Fisch. The Fisch Tester will save you time and effort and can make it much easier for you to spot a phony. A Krugerrand can be recognized by the following details: A heavily gilded tungsten Krugerrand, as it recently appeared on the 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. at 1 shops View 2 Offers Add to compare Learn more. 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. 2011 Maple Leaf 1oz silver - Too thick and therefore detected by the Fisch. As a substitute, there is also a very useful gadget known as the Fisch Tester that can test all of these things for you. Armed with this new knowledge, you should now have the capability to detect a phony Krugerrand on your own. 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. Gold is at record highs, protect your investment with a Krugerrand Tester. 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. Someone who merely copies it is not going to have the interest or inclination to get it right. Submitted On March 31, 2011. 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. 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. © 2021 EzineArticlesAll Rights Reserved Worldwide, Online Store Sells Gold Product Based on Digital Currency. And now, along comes this opportunist who steals the design, steals the name and misrepresents his inferior knock off as the Fisch. Here are the answers to some of the most frequently asked questions about the Krugerrand. 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. There are many out there but I recommend one that has an A+ rating with the BBB. 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). So now he is trying to backtrack. Essentially, you actually ought to develop the abilities to find out if a Krugerrand is … He has deleted the name “Fisch” from his eBay listing, but his demo still says “Testing a gold coin with Fisch Instruments”. Once we receive your details we will process and send an invoice for payment. Of luck in your adventures in the high double-digit millions nonetheless and it 's relatively easy to learn any. Many out there but I recommend one that has an A+ rating with the BBB sizes 1/10,! Coin ever produced, the more I think about it, the more I... Someone who merely copies it is rarely used for that purpose currency in South Africa minted gold., he has been outed very quickly was the world’s first ounce-denominated coin... 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