Investing In Gold And Silver For Capital Preservation And Appreciation

How to spot a phony Krugerrand gold coin

If you have been giving some thought to buying gold Krugerrands, South Africa's official gold bullion coins, then you will probably want to become more familiar with this coin. In particular, you'll want to develop the ability to spot fake Krugerrands. Hopefully, you'll never need this skill, but it is good to have nonetheless and it's easy enough that just about anyone can learn it.


If you have been giving some thought to buying gold Krugerrands, South Africa’s official gold bullion coins, then you will probably want to become more familiar with this coin. In particular, you’ll want to develop the ability to spot fake Krugerrands. Hopefully, you’ll never need this skill, but it is good to have nonetheless and it’s easy enough that just about anyone can learn it.

The most effective way to avoid acquiring a phony will be to buy coins from a professional vendor, specifically a coin merchant who has a lot of experience with Krugerrand coins. These vendors will have been dealing with this sort of coin for many years, so they can easily notice when a certain coin doesn’t have the correct hue or weight. What’s more, reliable coin vendors are quite concerned about their reputations, so there will be a real incentive to ensure that they are only offering legitimate coins.

With that being said, it is still entirely possible to ensure the authenticity of a Krugerrand yourself. Standards for these coins are published by the South African Mint and publicly available, so you can easily see how your coin compares to these standards. Additionally, you need to know that gold is a special metal. Particularly, its density is very high, actually much higher than other commonly available metals. If you do happen to come across a fake bullion coin made with a lesser metal, the weight difference really should be fairly obvious if you know what you are looking for. And metals that have a density comparable to gold are either very hard to get a hold of, quite high-priced, or really brittle. All of this puts you at an advantage when attempting to establish whether or not a coin is fake.

With respect to physical characteristics, this is what you want to look for: a 1 ounce Krugerrand carries a weight of 33.930g, a diameter of 32.77mm, a thickness of 2.84m, and 160 serrations around the edge. A 1/2 ounce coin has a weight of 16.965g, a diameter of 27.07mm, a thickness of 2.215mm, and 185 serrations. A quarter-ounce coin has a weight of 8.482g, a diameter of 22.06mm, a thickness of 1.888mm, and 150 serrations. Last but not least, a tenth-ounce coin carries a weight of 3.393g, a diameter of 16.55mm, a thickness of 1.35mm, and 115 serrations.

To be able to perform this testing, you’ll want fine-grained ruler with millimeters markings and an accurate scale that can make weight measurements in grams. If you like, there’s a very nifty gadget known as the Fisch Tester that is able to conduct all of these tests for you. It has 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. The Fisch Tester will save you lots of time and can make it much easier for you to discover a fraudulent coin. Just be careful about buying a Fisch on eBay because, ironically enough, there have been some reports of imitation Fisch Testers being offered there. If you decide to go with one of these, you should consider buying directly from Fisch.

Armed with this new knowledge, you should now have the capability to identify a bogus Krugerrand by yourself. Good luck in your investments in gold!

If you want to invest in gold coins, you should learn how to spot a phony gold Krugerrand. The test is easy enough that virtually anybody can do it, and it will help you avoid buying something you will regret.. This article, How to spot a phony Krugerrand gold coin is released under a creative commons attribution license.

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