Frequently Asked Questions

1. What are the benefits of owning Gold?
Protects you against currency devaluations. Wealth protector
You can own the real gold – Physical Possession. Value is based on the dollar currency which allows you to edge your wealth against the rand

2. How is a Krugerrand made?
Rand Refinery produces the blank Krugerrand which is then sent to the South African mint for minting. Once minted they’re then returned to the Rand Refinery who sells them to accredited dealers.

3. How much does a Krugerrand weigh?
A Krugerrand weighs 33.931 grams, of which 31.103 grams is fine gold.
(An ounce equals 31.103 grams)

4. How many carats is a Krugerrand?
The Krugerrand is made from 22 carat gold.

5. How do I know if a Krugerrand is authentic?
IBV Gold uses The Fisch Test – This tests the following in a Krugerrand Diameter: 32.77mm
Mass: 33.931gm
Thickness: 2.972mm
We would also test the weight of the coin.

6. How much is a Krugerrand worth?
Krugerrands are based on its gold content plus a small premium. Most of the Krugerrands value comes from the gold bullion content, which can be determined by checking the current gold spot price.

7. Is there a particularly rare year for Krugerrands?
The year printed on the Krugerrand makes no difference to its value.

8. As a foreigner can I take Krugerrands out of South Africa?
Non-resident visitors may export up to 15 Krugerrand coins or the equivalent in fractional Krugerrand coins, supported by the prescribed SARS Customs Declaration, provided that they can prove that the coins were acquired with the proceeds of foreign currency introduced.

9. As a South African Citizen can I take Krugerrands out of South Africa?
Banks may allow the export of Krugerrand coins or the equivalent in fractional Krugerrand coins up to an amount of R30 000 as gifts by residents to non-residents.

10. What was the first modern gold bullion coin?

The South African Krugerrand in 1967 pioneered the idea of a coin that contained an ounce of pure gold, and was made to trade just for its gold value.

11. Can I buy gold coins over the Internet How?
Yes, you can buy gold from ibvgold.com, Simply put you can view the coins we have in stock through ibvgold.com continue to purchase through the website. Currently only an EFT payment is accepted and collection of the coin is at either IBV Gateway or IBV Sandton.

12. What method of payments are accepted for the purchase of Krugerrands?
EFT/ Cash or Cash deposit 1.2% fee is payable Credit Card / Debit Card 3% fee is payable