Krugerrand Questions

Shoedog

Are fakes in the marketplace?
Are there any reliable ways to tell the real thing?
Thanks from a lightsider!

Ricke

I'm sure there are fakes, although I've never seen one - any gold coin will pick up a few counterfeits, though.

Best test for the K-rand would be weight, I would imagine. I wouldn't think people would counterfeit it with gold, since they trade for bullion.

cdmead

I saw a gold plated base metal one ounce Krugerrand once.

It was horrible and very obviously a counterfeit.

I would check weight. I would try to buy from a reputable source.

I would seriously doubt anyone would counterfeit a Krugerrand with real gold (like they do some numismatic bullion coins) because the markup over spot is very minimal with Krugerrands.