Learn how to spot a fake Krugerrand gold coin

If you are thinking of buying some gold Krugerrands, South Africa’s official gold bullion coins, it would be a good idea to familiarize yourself with this unique coin. Essentially, you should develop the skills to determine if a Krugerrand is fake. Hopefully, you will never need this skill, but it is nice to have and relatively easy to learn.

The easiest way to avoid buying a fake Krugerrand will be to deal only with a reputable supplier, in particular a coin dealer who specializes in or has extensive experience with Krugerrand coins. These traders will have been dealing with these coins for some time, and they should be able to easily tell when a coin doesn’t feel right. Also, reputable coin sellers will be concerned about your reputation, so they will really have an incentive to make sure they only offer genuine gold coins.

While that’s a step you can take, remember that it’s also relatively easy to verify the authenticity of a Krugerrand on your own. The standards for these coins are published by the South African Mint and are publicly available, so you can compare the coin you are thinking of buying against these standards. Also, you must bear in mind that gold has special characteristics that make it unique. Specifically, it has a very high density, higher than the other readily available metals. If someone decides to create a fake Krugerrand from one of these other minor metals, the difference in weight really should be completely noticeable if you know what you should be looking for. And you should be aware that metals that are as dense as gold are very difficult to acquire, have a very high price, or are quite brittle. All of this is to your advantage when trying to spot a fake.

In terms of physical characteristics, here’s what to look for: A 1-ounce Krugerrand has a weight of 33.930g, a diameter of 32.77mm, a thickness of 2.84m, and 160 grooves around the edge. A half ounce Krugerrand has a weight of 16.965g, a diameter of 27.07mm, a thickness of 2.215mm and 185 serrations. A quarter-ounce Krugerrand has a weight of 8,482g, a diameter of 22.06mm, a thickness of 1,888mm, and 150 teeth. And finally, a 1/10 ounce Krugerrand has a weight of 3,393g, a diameter of 16.55mm, a thickness of 1.35mm and 115 teeth.

To perform these tests, you will want a fine-grained ruler that has millimeter markings plus an accurate scale that can weigh in grams. As a substitute, there is also a very useful device known as a Fisch Tester that can test all of these things for you. It comes with a coin-shaped recess used to check the shape, a groove to check the thickness and diameter of a coin, and a fulcrum to check the weight of a coin. Fisch Tester will save you time and effort and can make it easier for you to detect a fake. At the same time, you need to be careful when buying a Fisch Tester on eBay because, in a touch of irony, there have been some reports of copycat Fisch Testers being offered there. To be safe, you may want to buy directly from Fisch.

Armed with this new knowledge, you should now have the ability to spot a fake Krugerrand on your own. Best of luck on your adventures in the gold market!

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