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Replies: 17 / Views: 7,610 |
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Moderator
 United States
54283 Posts |
Are there two styles of the 2014 Krugerrand, or is one of these fake? Apmex and others:  bullionbypost and others:  Side by side:  Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
Edited by nss-52 05/19/2016 7:20 pm
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Rest in Peace
United States
7075 Posts |
That's weird. And the first F looks different.
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Moderator
  United States
54283 Posts |
I am asking because this seller in Germany has sold at least 32 of the one on the right for below gold spot price ($200 and more per ounce under) with free shipping for a total of over $32,000 in the past 20 days or so. This makes me think they must be fake, as no one sells gold on purpose for under spot price, EVER. http://www.ebay.com/sch/shaderhe/m....046732.m1684 The font of the 14 in the date is different than other years, like 2013, 2015, 2016, so it is not like it was a transitional year. But there are some supposedly reputable bullion dealers using the photo of what I think is a fake on their websites. I have asked one about it, but have received no response.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
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Moderator
  United States
54283 Posts |
Other than the date, these are excellent representations of a Krugerrand. Of course, one can not test the metal content or weigh them or check specific gravity just by looking at the photographs.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
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Moderator
  United States
54283 Posts |
Does anyone actually have a 2014 Krugerrand?
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
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Bedrock of the Community
Australia
21788 Posts |
Some definitive proof needs to be found, that two different date styles exist for genuine examples. Otherwise, my first thought that IF false, then a tungsten core may be involved. Industrial X-ray or ultrasound may be needed to pick the suspected fake. Comparative ring tone test alongside each other may be helpful in this situation.
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Moderator
  United States
54283 Posts |
I heard back from bullionbypost, but they only said "the photos are taken at different times and occasionally with different camera conditions, so there can be slight variations in the colours" and failed completely to respond to the fact that the DATE of their photo is different than the DATE in other photos of the same year.
I wrote them back, seeking clarification, but they have not yet responded (it has only been 22 hours).
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
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Valued Member
Canada
206 Posts |
Disturbing. Highly interested in seeing how this discussion evolves. I'm looking at this from an outsider perspective as I don't own any krugerrand nor do I plan to buy some in the near future but if I did, the first thing I would have done would have been to contact the issuing mint http://www.samint.co.za/contact-us/).
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Moderator
  United States
54283 Posts |
I contacted the rand refinery (where all the non-proof Krugerrands are made), but they did not reply. They have no library of Krugerrand photos, and their website is decidedly not individual buyer friendly. The coins in question are not proofs. The South African Mint webpage isn't much better. They have no library of Krugerrand photos. They are geared towards promoting their current products, and that is all. In my opinion, the SA mint page http://www.samint.co.za/) is absolutely worthless. For example, try to get a product brochure.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
Edited by nss-52 05/22/2016 12:27 pm
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Valued Member
United States
280 Posts |
Here are pics of a 1978 40mm Chinese "replica" Krugerrand. Actual Genuine Krugerrand size is 32.6mm. They obiously can manufacture it in correct size if they want to.  
Edited by ARcoins 05/22/2016 12:29 pm
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Valued Member
Canada
206 Posts |
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Bedrock of the Community
Australia
21788 Posts |
If you are going to buy bullion on line, then buy from a well known bullion dealer.
If you have already bought, and wish to sell on line, then sell to a well known bullion dealer.
Those dealers may be specialist bullion dealers, or numismatics / bullion dealers.
The safest way to go.
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Pillar of the Community
United Kingdom
2135 Posts |
Edited by Pertinax 05/23/2016 04:15 am
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Moderator
  United States
54283 Posts |
The SA Mint's language rotation page is mildly interesting, but gives no in depth information, like examples of "the representation of the word" on the coins. But I don't want to stray off the subject of this topic (even though I started it by insulting their web page  ). The SA Mint's authenticity page reveals no secrets. They say -- Check size, weight, and see if it is magnetic. See if it looks "odd or abnormal". Use X-ray, ultrasound or have it assayed. And finally, employ the sound test. The only one useful to someone online is the looking for something "odd or unusual". The mint's advice is NOT to compare to images on THEIR website, because they have no library of genuine coins photos. Instead they say to "Search for high quality images of the Krugerrand coin from trusted websites" and compare to those coins. Well, this is exactly what I tried to do with this SPECIFIC 2014 Krugerrand. I searched sites of what I thought were trusted websites, but I got two different images. I am now trying to investigate further. ARcoins posted an obvious fake from another year. Well, I did investigate known fake selling sites, and could not find a similar 2014 Krugerrand to the one I am questioning. I found plenty of 2014 OBVIOUS fakes similar to the one ARcoins posted. However, I started this topic to seek information about a specific possible 2014 counterfeit version. The odd part is that a "trusted" website is using that photo. So are there two versions of GENUINE 1 oz Krugerrands, or is a trusted website using a photo of a fake coin? I suspect the latter.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
Edited by nss-52 05/23/2016 07:14 am
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Pillar of the Community
United States
992 Posts |
The rule is, if you think it might be a fake, treat it as a fake and walk away. It looks fake to me, given the lettering differences. Send an email to ebay and the FBI. The FBI will forward on to Interpol or German police.
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Moderator
  United States
54283 Posts |
Quote:Send an email to ebay and the FBI. The FBI will forward on to Interpol or German police. Um, no, they won't. ebay will do nothing based on if I "think it might be a fake", nor will the FBI (or the German police). I DO think they are fakes, but before I submit any reports here when I see them for sale, I need to eliminate the (remote) possibility that they are genuine. I could just "decide" they are fake, and submit the reports here, but what then? Bobby, would you send a listing for these forward? You might. If the seller is savvy, they could appeal it to ebay citing the photos bullionbypost is using, and endanger the whole process being used to rid the site of counterfeits.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
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Replies: 17 / Views: 7,610 |