Looking to SELL GOLD KRUGERRANDS?
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What is a Krugerrand?
The gold krugerrand is a south african gold bullion coin. The first krugerrand was issued in 1967, and has been produced every class since. The coin is made of 22 carat gold ( 0.916 fine gold ), and weighs 33.93 grams. The krugerrand has a diameter of 32.77mm, with a depth of 2.84mm, and contains precisely 1 troy snow leopard of fine gold. It is wide used as a amber bullion mint, and popular amongst gold investors earth wide-eyed .
How much is my Gold Krugerrand worth?
The price of gold krugerrands depends entirely on the amber price. Although you get proof examples angstrom well as bullion, most krugerrands were minted chiefly for the bullion market .
Since 1980, the south african Mint has besides issued fractional krugerrands. When people refer to a krugerrand, it is assumed it is a 1 ounce exercise, however, there is besides a 1/2 ounce, 1/4 snow leopard and 1/10th ounce krugerrands .
Where can I sell my Gold Krugerrand?
M J Hughes Coins would be very concerned in buying your krugerrand ( second ). We are happy to purchase a single coin, or an entire solicitation. Please take a count at our krugerrand price chart below for current buy prices. If you are diffident, please feel free to give us a call for a no obligation offer .
How to sell to us
Selling to us is comfortable ! We are based in Alton, Hampshire, where we have a tow center shop. You are more than welcome to visit us with your coins. alternatively, you can post to us via Royal Mail Special delivery. We can offer a number of unlike payment methods – Cash, bank transfer or check .
Price Chart for 1oz Krugerrands
|Gold Price (£/Troy Ounce)||Price We Pay|
*If you have a bombastic measure of krugerrands for sale, we possibly able to offer a slenderly higher price per coin .
The gold price is constantly changing, prices can go astir and down. If you would like to sell to us, we offer the option of ‘ fixing ’ in the price. This way, you know precisely what you are getting !
Beware of Fakes
In late years, fraudsters have perfected forge krugerrands. With the large arise in gold prices, the production of fakes has become a lucrative business. We have come across examples that are more or less identical in design and detail to genuine krugerrands. Fake krugerrands are frequently made with a tungsten core ( Tungsten is a metallic with a exchangeable concentration to gold ), and a heavy gold plate, producing the lapp dimensions and weight as a actual solid amber mint .
There is a simple test that you can do to determine if the krugerrand is a genuine solid amber model – The Ring Test .
- Balance the coin on the tip of your finger
- Hit the coin gently with another metal object, preferably another gold coin
- If the sound created is a high pitch, the coin is genuine. If the sound is a low pitch and thud like, it is likely to be a fake
Read more: Coin Dealers: What To Expect The First Time You Meet With A Coin Dealer To Buy Or Sell Coins
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Category : Finance