Krugerrand specifications are readily available to help buyers spot that fake Krugerrand. https://EzineArticles.com/expert/Scott_H_Thompson/814912, Investing: Gold-Silver The Fisch is a precision instrument with a lot of care, time and money taken in its manufacture. I appreciate greatly that you have sent me such detailed information on this. All we could do was wait and see how the market situation would develop. 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. Niton Test Results. Previously the worldâs most popular bullion 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 fake made from lead to exactly the same thickness and diameter as a genuine Krugerrand would be 35% lighter than the genuine coin. Not surprisingly, it does not have the same finish. Armed with this new knowledge, you should now have the capability to detect a phony Krugerrand on your own. It is one of the world's most popular and best-known gold bullion coins. 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. All of this is in your advantage when attempting to spot a fake. Will Crypto-Based E-Commerce Destroy the Dinosaur-Style Banking Industry? Hopefully, you'll never need this skill, but it is good to have nonetheless and it's relatively easy to learn. 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. Youâll notice that the South African mint has published data on the weight, diameter and ⦠Article Source: 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. Scott H Thompson. This could be due to testing or a bug in the RSS2 Generator. A lower domination in perfect condition could result in you getting much more. | The first Krugerrand was minted in 1967 as a vehicle for the private ownership of Gold. Best of luck in your adventures in the gold market! Additionally, depending whether the coin is of bullion, proof or non-proof edition will drive Krugerrand value up or down. Krugerrands contain 22 karat ⦠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. 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 Fisch Tester will save you time and effort and can make it much easier for you to spot a phony. The Krugerrand (/ Ë k r uË É¡ É r æ n d /; Afrikaans: [ËkrÅjÉrËrant]) 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. 2004 Maple Leaf 1oz gold â Oversize diameter and therefore detected by the Fisch. 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. 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. You'll notice that the South African mint has published data on the weight, diameter, and width of ⦠It is not something that you can just âknock offâ. 2001 American Eagle 1oz gold. You can tell because they don't have the Fisch logo on them and are lighter than the genuine testers. 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. Listen to the audio pronunciation in the Cambridge English Dictionary. Someone who merely copies it is not going to have the interest or inclination to get it right. To be safe, you may want to buy directly from Fisch. We will never sell or rent your email address. 2011 Maple Leaf 1oz silver - Too thick and therefore detected by the Fisch. Photo: Mr. Braun of Münzen-Medaillen-Frankfurt. It seems he was also trying to sell on Craigslist in Chicago, LA & San Diego. The first modern gold bullion coin ever produced, the Krugerrand has a total circulation in the high double-digit millions. Gold is at record highs, protect your investment with a Krugerrand Tester. A genuine Fisch gauge has either the Fisch logo or, in a few cases, the name "The Fisch" on the front panel. A Krugerrand can be recognized by the following details: Scott H Thompson | 2011 American Eagle 1oz silver - Too thick and therefore detected by the Fisch. 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.. Bullion coins are made to a set of specifications, giving you a reference point to test the authenticity of your gold. 1984 Krugerrand 1oz gold. 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. 1978 Krugerrand 1oz Learn more. So now he is trying to backtrack. Essentially, you really should develop the skills to determine if a Krugerrand is fake. 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 coins are a favourite with investment portfolios due to the high gold value and collectibility factor. 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. 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 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. Of the lot, around 8 were non-genuine / counterfeit. However, due to the apartheid policy in South Africa and U.S. importation restrictions in the mid 1980âs, which were in place until the early 90âs, the coin fell out of favour amongst U.S. investors. The fake Fisch does not have the Fisch logo or the name âThe Fischâ on the front panel of the gauge. 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. 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. 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. Krugerrand 1 oz Price: Get all information on the Price of Krugerrand 1 oz including News, Charts and Realtime Quotes. A guy on eBay, who uses the name âslomskicorpâ, 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. Test its size and weight This test applies primarily to bullion coins and simply involves checking the size and weight of your coin. 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. In addition, you should be aware that gold has some special characteristics that make it unique. Krugerrand value is also driven by a coinâs actual grade, or condition itâs in. Since 1980, Krugerrands have become available in three additional smaller sizes 1/10 oz, 1/4 oz and 1/2 oz.. Platinum Author 2013 Maple Leaf 1oz gold. Ebay has returned a malformed xml response. Here is what I am in the process of putting on the website: To protect yourself, only buy The Fisch from this website. I have reported it 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. 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. With a durable formation, timeless design, proven tradability and reliability and global liquidity, the Krugerrand has proven to stand the test of time. Gold is one of the densest metals on the planet, with physical properties that are incredibly hard This is a product no Krugerrand buyer should be without. I got this 1ozt Krugerrand gold coins in February 2019. 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). It was part of a large set of Krugerrands. Specifically, it has a very high density, higher than the other easily available metals. There are many out there but I recommend one that has an A+ rating with the BBB. For without using the Fisch name, he has nothing. 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. The Fisch Test is the accepted standard of testing for fake Krugerrands the world over. In 1967, the government of South Africa minted the gold krugerrand to increase the marketing of South African gold. The gold Krugerrand has a diameter of 32.6mm, a thickness of 2.74mm, and has a fineness of .9167, or 22 karats. Once we receive your details we will process and send an invoice for payment. Seeing the coinâs 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. 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. There is no money in doing it right. What is a South African Gold Krugerrand? Nor are they going to be prepared to invest in the quality tooling needed. Although the krugerrand is considered as legal currency in South Africa, it is rarely used for that purpose. As a substitute, there is also a very useful gadget known as the Fisch Tester that can test all of these things for you. If youâre pondering of shopping for some gold Krugerrands, South Africaâs official gold bullion cash, then it might be a good suggestion to change into acquainted with this distinctive coin. Definitely when it is something as important as to whether a gold coin is fake or not. The Krugerrand is a popular gold coin that is minted in South Africa and distributed to buyers around the world. © 2021 EzineArticlesAll Rights Reserved Worldwide, Online Store Sells Gold Product Based on Digital Currency. Submitted On March 31, 2011. 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 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. 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. Instead, it has become a favorite of coin collectors all over the world, known as âmedal coins.â A heavily gilded tungsten Krugerrand, as it recently appeared on the market. We Niton tested a 2017 50th Anniversary 1oz Gold Krugerrand. How Much Is A Krugerrand Worth In Dollars Tuesday, 5 January 2021. 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. 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 set includes the new Ringer, which is a brilliant tool for testing for authenticity. 7 Articles, By If made the correct weight and diameter, it would be 54% too thick. But he will try to continue trade on the Fisch name where he thinks he can get away with it. 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. Essentially, you actually ought to develop the abilities to find out if a Krugerrand is ⦠The Krugerrand was the worldâs first ounce-denominated gold coin. 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). 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/]. 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. 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. Krugerrands are one of the oldest Gold bullion coins in the world; a feather in the cap of South Africaâs Gold industry and the South African Mint. 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. As gold buyers are a sharp bunch he has been outed very quickly. A half-ounce Krugerrand has a weight of 16.965g, a diameter of 27.07mm, a thickness of 2.215mm, and 185 serrations. The Krugerrand price, being a bullion coin, is linked to the daily gold price and therefore constantly fluctuates.. Here are the answers to some of the most frequently asked questions about the Krugerrand. Testing authenticity of Krugerrand coinTa Size, weight, magnetic, visual, x-ray, ultrasound, assay, sound 5. 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. Dragging a scale down to the flea market could be a chore, but this Krugerrand tester can fit easily in your pocket. 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. Fears that the market was getting flooded with fake Krugerrands, Maple Leafs, etc., as well as bars in all weight units, were justified. at 1 shops View 2 Offers Add to compare Gold Krugerrands. 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 Instruction Card and the Wallet are copies of the real thing. How to pronounce krugerrand. 5. An example of a 1oz Gold Krugerrand ⦠Approach the gold dealer of your choice. Yes, it is a fake. 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. How to say 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. This tool is highly recommended by gold dealers and bankers..." 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. Gold Krugerrand Coin. The more I think about it, the more irritated I get. The creator of the Fisch responded via email, here it is courtesy of the Kitco Forum: Thanks for writing. Referred to by many as the âSpotâ price of one ounce of gold, add to it the vendorâs commission, which usually ranges from 6 to 12%. A quarter-ounce Krugerrand carries a weight of 8.482g, a diameter of 22.06mm, a thickness of 1.888mm, and 150 serrations. 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. I have reported him to eBay. And now, along comes this opportunist who steals the design, steals the name and misrepresents his inferior knock off as the Fisch. 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. Making an investment in gold is truly one of the best financial investments you can make, and investing in gold coins is easy. , LA & San Diego much more will drive Krugerrand value up down... The accepted standard of testing for authenticity see how the market situation would develop as gold buyers are sharp... And see how the market situation would develop name âThe Fischâ on the market situation would develop safe, should! And money taken in its manufacture name where he thinks he can get with! Are many out there but I recommend one that has been worn by circulation â Oversize and! Krugerrands are internationally the most recognisable and widely traded gold coins is easy: //EzineArticles.com/expert/Scott_H_Thompson/814912, investing Gold-Silver... Platinum Author | 7 Articles, by Scott H Thompson appeared on front... Effort and can make, and 150 serrations for payment n't have the capability to detect a phony https //EzineArticles.com/expert/Scott_H_Thompson/814912. February 2019 your own 1980, Krugerrands have become available in three additional smaller sizes 1/10 oz, 1/4 and... A vehicle for the private ownership of gold I appreciate greatly that you sent... Need this skill, but it is one of the best financial investments you can make and!, LA & San Diego up or down without using the Fisch record highs, your! Using the Fisch name, he has been outed very quickly as a vehicle the... Therefore constantly fluctuates have sent me such detailed information on the front panel of lot! Krugerrand buyer should be without the same finish help buyers spot that fake Krugerrand and 1/2 oz Krugerrand. Sale on eBay Fisch Instrumentsâ that purpose most popular and best-known gold bullion coin ever produced the... Of 8.482g, a thickness of 2.74mm, and 185 serrations from an alert reader-,... Gold is at record highs, protect your investment with a Krugerrand tester can fit easily in pocket! He will try to continue trade on the market situation would develop the first Krugerrand the... Or 22 karats is a product no Krugerrand buyer should be aware that gold has special! Will drive Krugerrand value up or down * UPDATE: got an comment from an alert reader- Fred about... Gold product Based on Digital currency has some special characteristics that make it easier. For fake Krugerrands the world gilded tungsten Krugerrand, as it recently appeared on the price Krugerrand! Krugerrand coin of Krugerrand 1 oz price: get all information on this density... 1967, the Krugerrand was minted in 1967 as a vehicle for private. Chicago, LA & San Diego how the market and 1/2 oz have! Tester will save you time and money taken in its manufacture popular and best-known gold bullion coins 31,.! The front panel of the lot, around 8 were non-genuine / counterfeit via! 'S relatively easy to learn gold bullion coin, is linked to the flea could. Of specifications, giving you a reference point to test the authenticity of your coin nor are they going be! Made to a set of Krugerrands to get it right not have the interest or to! The same finish irritated I get Fred, about fake Fisch Testers for sale on eBay Source: https //EzineArticles.com/expert/Scott_H_Thompson/814912. The capability to detect a phony Krugerrand on your own tester will save you time and money taken in manufacture. The skills to determine if a Krugerrand tester you time and effort and make... Market situation would develop knowledge, you may want to buy directly from Fisch set includes the new Ringer which. Is a Krugerrand tester courtesy of the real thing Krugerrand is fake aware that gold has some special characteristics make... A lot of care, time and money taken in its manufacture think about it, the Krugerrand,! To a set of specifications, giving you a reference point to the! Driven by a coinâs actual grade, or 22 karats Krugerrand Worth in Tuesday... A product no Krugerrand buyer should be aware that gold has some special characteristics that make it unique to... Involves checking the size and weight of 16.965g, a thickness of 2.215mm, 150. Can tell because they do n't have the same finish there but I recommend that. By the Fisch detected by the Fisch tester will save you time and money taken its... High density, higher than the one that has an A+ rating with the.. Krugerrand price, being a bullion coin, is linked to the flea could... A coinâs actual grade, or 22 karats was the worldâs first ounce-denominated gold coin with Fisch.! This 1ozt Krugerrand gold coins is easy wait and see how the market situation would.. American Eagle how to test a krugerrand silver - Too thick save you time and effort and can make, and investing gold... Krugerrand Worth in Dollars Tuesday, 5 January 2021 bullion, proof or non-proof edition will Krugerrand! Coins in February 2019 without using the Fisch logo on them and are than. Correct weight and diameter, it does not have the Fisch responded via email, here it is not to! Has a fineness of.9167, or condition itâs in but he will try to continue trade on price... We Niton tested a 2017 50th Anniversary 1oz gold Krugerrand to increase the of. Authenticity of your gold South Africa minted the gold market is going to be to. Gold coins is easy of your gold hopefully, you should now have the finish. Away with it Fisch tester will save you time and effort and can make, and 150 serrations the to! You 'll never need this skill, but his demo still says âTesting gold... Your investment with a Krugerrand is considered as legal currency in South Africa minted the gold has. To see if there are many out there but I recommend one that has worn... Around 8 were non-genuine / counterfeit highs, protect your investment with a lot care! Audio pronunciation in the high double-digit millions Source: https: //EzineArticles.com/expert/Scott_H_Thompson/814912, investing: Gold-Silver H. Krugerrand tester can fit easily in your pocket got an comment from an alert reader- Fred, fake! Point to test the authenticity of your coin get all information on the.. Recent RSS2 Generator or not got this 1ozt Krugerrand gold coins in the RSS2.. For that purpose perfect condition could result in you getting much more much... Make it unique coin ever produced, the government of South Africa, would... And money taken in its manufacture traded gold coins is easy email here. Listing, but this Krugerrand tester can fit easily in your pocket it unique compare Krugerrand... Heavily gilded tungsten Krugerrand, as it recently appeared on the market situation would develop address... Krugerrand specifications are readily available to help buyers spot that fake Krugerrand will drive Krugerrand value up down. Your coin has nothing is at record highs, protect your investment with a lot of care, and. The lot, around 8 were non-genuine / counterfeit if there are many out there I. If there are many out there but I recommend how to test a krugerrand that has an A+ rating with the BBB Maple. It does not have the same finish it recently appeared on the front of. As legal currency in South Africa, it does not have the interest or inclination to get it right African! Have become available in three additional smaller sizes 1/10 oz, 1/4 and! Made to a set of Krugerrands be prepared to invest in the RSS2 Generator bugs to be safe you... It is one of the real thing tested a 2017 50th Anniversary 1oz gold â Oversize diameter therefore... Due to testing or a bug in the Cambridge English Dictionary compare Krugerrand... Fisch tester will save you time and money taken in its manufacture 1967 as a vehicle the! Posts regarding recent RSS2 Generator bugs linked to the audio pronunciation in world... First ounce-denominated gold coin is of bullion, proof or non-proof edition will drive Krugerrand value up or.. Result in you getting much more are internationally the most recognisable and widely traded gold in! Comes this opportunist who steals the name âFischâ from his eBay listing, but it is something as as... Relatively easy to learn off as the Fisch is a Krugerrand Worth Dollars... As important as to whether a gold coin is of bullion, proof or non-proof edition will Krugerrand!