Not surprisingly, it does not have the same finish. 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. 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 Fisch Tester will save you time and effort and can make it much easier for you to spot a phony. Essentially, you actually ought to develop the abilities to find out if a Krugerrand is … How to pronounce krugerrand. 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. Someone who merely copies it is not going to have the interest or inclination to get it right. As a substitute, there is also a very useful gadget known as the Fisch Tester that can test all of these things for you. Krugerrand value is also driven by a coin’s actual grade, or condition it’s in. Gold is at record highs, protect your investment with a Krugerrand Tester. Since 1980, Krugerrands have become available in three additional smaller sizes 1/10 oz, 1/4 oz and 1/2 oz.. Listen to the audio pronunciation in the Cambridge English Dictionary. 7 Articles, By Although the krugerrand is considered as legal currency in South Africa, it is rarely used for that purpose. 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. 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. The Fisch is a precision instrument with a lot of care, time and money taken in its manufacture. 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. As gold buyers are a sharp bunch he has been outed very quickly. Hopefully, you'll never need this skill, but it is good to have nonetheless and it's relatively easy to learn. Here are the answers to some of the most frequently asked questions about the Krugerrand. ***UPDATE: Got an comment from an alert reader- Fred, about FAKE FISCH Testers for sale on eBay. 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%. 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. We will never sell or rent your email address. The Krugerrand was the world’s first ounce-denominated gold coin. Gold Krugerrands. Testing authenticity of Krugerrand coinTa Size, weight, magnetic, visual, x-ray, ultrasound, assay, sound 5. 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. 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. Platinum Author I got this 1ozt Krugerrand gold coins in February 2019. 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. Dragging a scale down to the flea market could be a chore, but this Krugerrand tester can fit easily in your pocket. He has also deleted his listings on Craigslist. Gold Krugerrand Coin. I have reported him to eBay. 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. Will Crypto-Based E-Commerce Destroy the Dinosaur-Style Banking Industry? 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. 1984 Krugerrand 1oz gold. Ebay has returned a malformed xml response. The Fisch Test is the accepted standard of testing for fake Krugerrands the world over. Nor are they going to be prepared to invest in the quality tooling needed. Article Source: https://EzineArticles.com/expert/Scott_H_Thompson/814912, Investing: Gold-Silver © 2021 EzineArticlesAll Rights Reserved Worldwide, Online Store Sells Gold Product Based on Digital Currency. 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. 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. Please check the support forums to see if there are any posts regarding recent RSS2 Generator bugs. The set includes the new Ringer, which is a brilliant tool for testing for authenticity. Essentially, you really should develop the skills to determine if a Krugerrand is fake. 2011 American Eagle 1oz silver - Too thick and therefore detected by the Fisch. A heavily gilded tungsten Krugerrand, as it recently appeared on the market. Sort of guy you want to avoid doing business with circulation in the gold Krugerrand has fineness! Want to buy directly from Fisch doing business with a quarter-ounce Krugerrand a... 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