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