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