Buying South African Krugerrand Gold Coin

The South African Mint initially produced South African Krugerrand gold coin in 1967 as a way of selling and promoting South African gold. They were likewise planned for use as legal tender – and because of this their alloy includes more copper than many gold coins. This makes them one of the stricter gold coins you can own which indicates they are more resistant to scratches and damages.

Regal Assets BannerAppealing in themselves – they use an easy method to purchase gold and are readily available from numerous gold bullion dealers, some jewelry dealers and even on eBay.

There are four sizes of South African Krugerrand gold coin:

A tenth of an ounce – 1/10 oz
Quarter ounce – 1/4 oz
Half ounce – 1/2 oz
One ounce – 1 oz
Moreover, they are all 22 carats or 91.67% pure gold. The rest of the coin is copper.

How to spoke a phony Krugerrand:

Krugerrands need to have extremely accurate weight and dimensions. Don’t let anybody fob you off with it being an unusual error, used or a scandal sheet. If the South African Krugerrand Gold Coin does not meet the following requirements – leave.

Test the weight:

1oz coin needs to be 33.93 grams
1/2 oz – 16.965 g.
1/4 oz – 8.482 g.
1/10 oz – 3.393 g.
The thickness:

1oz coin should be 2.84 mm.
1/2 oz – 27.07 mm.
1/4 oz – 22.06 mm.
1/10 oz – 16.55 mm.
Moreover, the size:

1oz coin needs to be 32.77 mm.
1/2 oz – 27.07 mm.
1/4 oz – 22.06 mm.
1/10 oz – 16.55 mm.
Fake coins will either be: oversized and the correct weight; have the proper diameter/thickness and be underweight; be both the incorrect size and weight.South African Krugerrand Gold Coin

A good quality scale and the pair of calipers will be a rewarding investment if you plan to purchase many coins. Many dealers will also enjoy checking your coins for you free of charge or a small charge.

Krugerrands typically a more orange-gold appearance than other gold coins since of the copper material so do not be put off by this.

They are only ever gold. There are no silver Krugerrands. Silver Krugerrands are illegal tender and on a regular basis not silver either. They are of curiosity worth. Replicas are undoubtedly virtually useless too.

Buy only from trustworthy dealers. If you’re purchasing from eBay – it is worth searching for vendors who are bullion or gold dealers – although you can get good deals by buying with specific sellers.

The South African Mint initially produced South African Krugerrand gold coin in 1967 as a way of selling and promoting South African gold. They were likewise meant for use as legal tender – and because of this their alloy contains more copper than many gold coins. This makes them one of the stricter gold coins you can own which suggests they are more resistant to scratches and dents.

If the gold coin does not satisfy the following specifications – walk away.

They are just ever gold.

iamtaj

Leave a Reply

Your email address will not be published. Required fields are marked *