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

Winterset High School Matilda, Dania Academy Ranking, School Bus Safety During Covid-19, Greek Meaning Of Trouble In John 16:33, The Producers Kdrama Kiss, Csun Men's Soccer Division, Use Sail And Sale In A Sentence, Penn State Softball 2017, Ipl 2010 Points Table - Cricbuzz, Tide Table Sembawang, 4 Bedroom House For Rent Ottawa Orleans,