How much does a Krugerrand cost in South Africa?
KRUGERRANDS BUYING AND SELLING PRICES
| Denomination | Buying price | Selling price |
|---|---|---|
| 1/2oz | 13,228.83 | 14,407.64 |
| 1/4oz | 6,679.91 | 7,400.29 |
| 1/10oz | 2,698.16 | 3,038.70 |
| Silver 1oz | 482.04 | 530.25 |
How much can you sell a Krugerrand for?
As others have said, the key is to deal with a gold/bullion dealer and not a pawn shop or jewelry store. For Krugerrands (in any condition) you should be able to get roughly 98-99% of spot gold price (check on kitco.com).
What is the best way to sell Krugerrands?
A gold coins dealer is your best bet. The gold coins dealer will buy the coins from you for slightly below their retail price and resell them to his customers at their full value. If you don’t want to sell the coins to a coin dealer, the other option is to go to a scrap gold dealer.
Are there fake Krugerrands?
Krugerrands are a generally trusted form of gold in the retail trade, but fakes are not unknown. In 2015, one American dealer reported a “frighteningly deceptive” Krugerrand, which had been carefully packaged – and stood out because the quality of counterfeits is generally poor.
How can you tell if a Krugerrand is real?
About fakes and counterfeit krugerrand
- Fake Krugerrand are more yellow than rosés.
- Details are not present in the relief of the buttocks.
- Details are not present on the tail. The shoe is bigger. The details in land cover are dispute.
Are Krugerrands real gold?
Now it seems there are bad Krugerrands in circulation. Krugerrands are South African gold coins, which are well-recognized and widely traded. The Krugerrand was the world’s first ounce-denominated gold coin. Although they are legal tender, they have never recorded a face value on their obverse or reverse sides.