Scott H Thompson  |   A quarter-ounce Krugerrand carries a weight of 8.482g, a diameter of 22.06mm, a thickness of 1.888mm, and 150 serrations. 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. Our original test is below. 1978 Krugerrand 1oz Of the lot, around 8 were non-genuine / counterfeit. Krugerrand value is also driven by a coin’s actual grade, or condition it’s in. Previously the world’s most popular bullion coin. 2001 American Eagle 1oz gold. 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/]. 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. 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. Here is what I am in the process of putting on the website: To protect yourself, only buy The Fisch from this website. The Krugerrand price, being a bullion coin, is linked to the daily gold price and therefore constantly fluctuates.. We will never sell or rent your email address. To be safe, you may want to buy directly from Fisch. https://EzineArticles.com/expert/Scott_H_Thompson/814912, Investing: Gold-Silver 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. 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. 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. 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. There are many out there but I recommend one that has an A+ rating with the BBB. 2004 Maple Leaf 1oz gold – Oversize diameter and therefore detected by the Fisch. But he will try to continue trade on the Fisch name where he thinks he can get away with it. For without using the Fisch name, he has nothing. 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. 2011 American Eagle 1oz silver - Too thick and therefore detected by the Fisch. Gold is at record highs, protect your investment with a Krugerrand Tester. 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. It seems he was also trying to sell on Craigslist in Chicago, LA & San Diego. The Fisch Test is the accepted standard of testing for fake Krugerrands the world over. It is not something that you can just “knock off”. Once we receive your details we will process and send an invoice for payment. Krugerrand specifications are readily available to help buyers spot that fake Krugerrand. © 2021 EzineArticlesAll Rights Reserved Worldwide, Online Store Sells Gold Product Based on Digital Currency. You’ll notice that the South African mint has published data on the weight, diameter and … Ebay has returned a malformed xml response. Nor are they going to be prepared to invest in the quality tooling needed. Please check the support forums to see if there are any posts regarding recent RSS2 Generator bugs. A genuine Fisch gauge has either the Fisch logo or, in a few cases, the name "The Fisch" on the front panel. 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 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. 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. This tool is highly recommended by gold dealers and bankers..." It was part of a large set of Krugerrands. Although the krugerrand is considered as legal currency in South Africa, it is rarely used for that purpose. Krugerrands contain 22 karat … An example of a 1oz Gold Krugerrand … He has deleted the name “Fisch” from his eBay listing, but his demo still says “Testing a gold coin with Fisch Instruments”. Essentially, you actually ought to develop the abilities to find out if a Krugerrand is … Approach the gold dealer of your choice. How Much Is A Krugerrand Worth In Dollars Tuesday, 5 January 2021. It is one of the world's most popular and best-known gold bullion coins. 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. All we could do was wait and see how the market situation would develop. 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. 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. |   A heavily gilded tungsten Krugerrand, as it recently appeared on the market. I have reported it to eBay. Krugerrand 1 oz Price: Get all information on the Price of Krugerrand 1 oz including News, Charts and Realtime Quotes. Not surprisingly, it does not have the same finish. Submitted On March 31, 2011. 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. So now he is trying to backtrack. Someone who merely copies it is not going to have the interest or inclination to get it right. Instead, it has become a favorite of coin collectors all over the world, known as “medal coins.” Bullion coins are made to a set of specifications, giving you a reference point to test the authenticity of your gold. 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. Test its size and weight This test applies primarily to bullion coins and simply involves checking the size and weight of your coin. Photo: Mr. Braun of Münzen-Medaillen-Frankfurt. Will Crypto-Based E-Commerce Destroy the Dinosaur-Style Banking Industry? The more I think about it, the more irritated I get. 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). The Instruction Card and the Wallet are copies of the real thing. 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. A Krugerrand can be recognized by the following details: The Fisch is a precision instrument with a lot of care, time and money taken in its manufacture. The fake Fisch does not have the Fisch logo or the name “The Fisch” on the front panel of the gauge. 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. Dragging a scale down to the flea market could be a chore, but this Krugerrand tester can fit easily in your pocket. A fake made from lead to exactly the same thickness and diameter as a genuine Krugerrand would be 35% lighter than the genuine coin. 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. He has also deleted his listings on Craigslist. In addition, you should be aware that gold has some special characteristics that make it unique. As gold buyers are a sharp bunch he has been outed very quickly. Krugerrands are internationally the most recognisable and widely traded Gold coins in the World. Scott H Thompson. Referred to by many as the “Spot” price of one ounce of gold, add to it the vendor’s commission, which usually ranges from 6 to 12%. 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. Testing authenticity of Krugerrand coinTa Size, weight, magnetic, visual, x-ray, ultrasound, assay, sound 5. 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. The Krugerrand is a popular gold coin that is minted in South Africa and distributed to buyers around the world. We Niton tested a 2017 50th Anniversary 1oz Gold Krugerrand. Armed with this new knowledge, you should now have the capability to detect a phony Krugerrand on your own. 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. 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. You'll notice that the South African mint has published data on the weight, diameter, and width of … What is a South African Gold Krugerrand? at 1 shops View 2 Offers Add to compare Niton Test Results. 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. Yes, it is a fake. The Fisch Tester will save you time and effort and can make it much easier for you to spot a phony. 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 Making an investment in gold is truly one of the best financial investments you can make, and investing in gold coins is easy. 2013 Maple Leaf 1oz gold. You can tell because they don't have the Fisch logo on them and are lighter than the genuine testers. Additionally, depending whether the coin is of bullion, proof or non-proof edition will drive Krugerrand value up or down. Since 1980, Krugerrands have become available in three additional smaller sizes 1/10 oz, 1/4 oz and 1/2 oz.. With a durable formation, timeless design, proven tradability and reliability and global liquidity, the Krugerrand has proven to stand the test of time. 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. The Krugerrand was the world’s first ounce-denominated gold coin. This is a product no Krugerrand buyer should be without. Fears that the market was getting flooded with fake Krugerrands, Maple Leafs, etc., as well as bars in all weight units, were justified. Krugerrands are one of the oldest Gold bullion coins in the world; a feather in the cap of South Africa’s Gold industry and the South African Mint. Essentially, you really should develop the skills to determine if a Krugerrand is fake. 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. A half-ounce Krugerrand has a weight of 16.965g, a diameter of 27.07mm, a thickness of 2.215mm, and 185 serrations. I have reported him to eBay. There is no money in doing it right. 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. Gold Krugerrands. Gold is one of the densest metals on the planet, with physical properties that are incredibly hard Hopefully, you'll never need this skill, but it is good to have nonetheless and it's relatively easy to learn. The gold Krugerrand has a diameter of 32.6mm, a thickness of 2.74mm, and has a fineness of .9167, or 22 karats. How to say krugerrand. 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. 5. In 1967, the government of South Africa minted the gold krugerrand to increase the marketing of South African gold. 7 Articles, By 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. 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. Just the sort of guy you want to avoid doing business with. 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. The creator of the Fisch responded via email, here it is courtesy of the Kitco Forum: Thanks for writing. Here are the answers to some of the most frequently asked questions about the Krugerrand. This could be due to testing or a bug in the RSS2 Generator. Listen to the audio pronunciation in the Cambridge English Dictionary. The first Krugerrand was minted in 1967 as a vehicle for the private ownership of Gold. I got this 1ozt Krugerrand gold coins in February 2019. Dragging a scale down to the flea market could be a chore, but this Krugerrand tester can fit easily in your pocket. 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 Gold Krugerrand coins are a favourite with investment portfolios due to the high gold value and collectibility factor. 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). Learn more. Best of luck in your adventures in the gold market! 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. Specifically, it has a very high density, higher than the other easily available metals. Platinum Author 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. 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. An uncirculated coin is going to be worth more than the one that has been worn by circulation. ***UPDATE: Got an comment from an alert reader- Fred, about FAKE FISCH Testers for sale on eBay. If made the correct weight and diameter, it would be 54% too thick. 2011 Maple Leaf 1oz silver - Too thick and therefore detected by the Fisch. 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. Definitely when it is something as important as to whether a gold coin is fake or not. Gold Krugerrand Coin. 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. 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.. I appreciate greatly that you have sent me such detailed information on this. The first modern gold bullion coin ever produced, the Krugerrand has a total circulation in the high double-digit millions. 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. 1984 Krugerrand 1oz gold. All of this is in your advantage when attempting to spot a fake. 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 now, along comes this opportunist who steals the design, steals the name and misrepresents his inferior knock off as 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. Article Source: 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. 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. 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. A lower domination in perfect condition could result in you getting much more. 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