The set includes the new Ringer, which is a brilliant tool for testing for authenticity. 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. Niton Test Results. A Krugerrand can be recognized by the following details: This is a product no Krugerrand buyer should be without. 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 fake Fisch does not have the Fisch logo or the name “The Fisch” on the front panel of the gauge. Here are the answers to some of the most frequently asked questions about the Krugerrand. Gold Krugerrand Coin. Testing authenticity of Krugerrand coinTa Size, weight, magnetic, visual, x-ray, ultrasound, assay, sound 5. 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. The first Krugerrand was minted in 1967 as a vehicle for the private ownership of Gold. Here is what I am in the process of putting on the website: To protect yourself, only buy The Fisch from this website. 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. Since 1980, Krugerrands have become available in three additional smaller sizes 1/10 oz, 1/4 oz and 1/2 oz.. Gold Krugerrands. He has also deleted his listings on Craigslist. 7 Articles, By What is a South African Gold Krugerrand? 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. 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. Bullion coins are made to a set of specifications, giving you a reference point to test the authenticity of your gold. This tool is highly recommended by gold dealers and bankers..." A lower domination in perfect condition could result in you getting much more. 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. 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. 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. And now, along comes this opportunist who steals the design, steals the name and misrepresents his inferior knock off as the Fisch. 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. 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. Hopefully, you'll never need this skill, but it is good to have nonetheless and it's relatively easy to learn. Please check the support forums to see if there are any posts regarding recent RSS2 Generator bugs. It is one of the world's most popular and best-known gold bullion coins. We Niton tested a 2017 50th Anniversary 1oz Gold Krugerrand. © 2021 EzineArticlesAll Rights Reserved Worldwide, Online Store Sells Gold Product Based on Digital Currency. Krugerrands contain 22 karat … Photo: Mr. Braun of Münzen-Medaillen-Frankfurt. 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. Submitted On March 31, 2011. 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. I appreciate greatly that you have sent me such detailed information on this. Scott H Thompson. We will never sell or rent your email address. 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. Once we receive your details we will process and send an invoice for payment. An example of a 1oz Gold Krugerrand … The Fisch Test is the accepted standard of testing for fake Krugerrands the world over. 5. How to pronounce krugerrand. 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. 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. So now he is trying to backtrack. Krugerrand specifications are readily available to help buyers spot that fake Krugerrand. If made the correct weight and diameter, it would be 54% too thick. You'll notice that the South African mint has published data on the weight, diameter, and width of … The Instruction Card and the Wallet are copies of the real thing. 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. Article Source: 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. With a durable formation, timeless design, proven tradability and reliability and global liquidity, the Krugerrand has proven to stand the test of time. 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. Best of luck in your adventures in the gold market! The Gold Krugerrand coins are a favourite with investment portfolios due to the high gold value and collectibility factor. 2004 Maple Leaf 1oz gold – Oversize diameter and therefore detected by the Fisch. 2001 American Eagle 1oz gold. Yes, it is a fake. Fears that the market was getting flooded with fake Krugerrands, Maple Leafs, etc., as well as bars in all weight units, were justified. Krugerrand 1 oz Price: Get all information on the Price of Krugerrand 1 oz including News, Charts and Realtime Quotes. The Krugerrand was the world’s first ounce-denominated gold coin. 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. Instead, it has become a favorite of coin collectors all over the world, known as “medal coins.” Be aware that gold how to test a krugerrand some special characteristics that make it unique Leaf silver. 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