When you want to eXchange your jewellery you need to consider the following:
You will have to find a dealer who is keen to purchase pre-owned jewellery
The dealer must have integrity and skill to enable him to give you the appropriate price in the secondary market
Remember that when you are disposing of pre-owned jewellery, you may not rely on the certificate issued to you by a retail shop for insurance purposes. The valuation certificate only indicates to you the price that you would pay should you wish to replace the item of jewellery in question. This is a crucial point of confusion in the mind of the general public and not enough has been done by the jewellery industry to clarify the perception that the general public has of their valuation certificates.
At POT OF GOLD we proud ourselves of the large number of people that sell to us their valuables simply out of word of mouth or recommendation from various quarters of the jewellery industry.
So if you have an antique pocket watch, wrist watch, old gold jewellery, rings, antique or modern jewellery, do not hesitate to contact us for an appointment. Without any obligation whatsoever to you, we will be privileged to assess the value of your valuables in the secondary market and make a cash offer to you in a friendly atmosphere of style, discretion, elegance and professionalism.
Should you require more information in terms of selling jewellery please do not hesitate to contact us and we will gladly be of assistance
Q: How is payment of my items determined?
A: Payment is based on gold content (karat), thus it would work on the weight of the gold and the karat.
Q: I paid R12 000 for my ring. I should expect to get R12 000 , right?
A: Retail stores mark up jewelry 5, 10 and even 20 times or more. We pay for the melt value of your jewelry that is, the value of the gold itself once it has been melted down and sent to the refinery.
Q: There is a stamp on my ring indicating 18K. Is this reliable?
A: No unfortunately not always. Although most countries require manufacturers to stamp the gold content of their jewelry, very few countries enforce these laws or require an independent third party to evaluate the item. The stamp on your jewelry may be correct, but it is quite common to receive jewelry that is fraudulently stamped. Our trained professionals will test each piece before the deal is concluded.
Q: What testing methods are used to determine purity?
A: Upon receiving your gold, We will first look for a stamp on the jewelry made by the manufacturer indicating the karat. We then have three testing methods (acid/ scratch test, electronic tester and or X-ray fluorescence scan) to verify the gold purity of your items.
Q: What if My Old Jewelry is Broken? (Can I sell it )
A: We will buy gold jewelery in any condition.
Q: Why we can offer such a high rate for Gold?
A: Since we only buy gold and platinum over the internet, our overheads are very low compared to high-street shops. In turn we can offer the best gold price per gram for your unwanted precious metals.
Information regardign Krugerrands
Krugerrands were first minted in 1967 by the South African Mint as a legal tender coin. All Krugerrands are minted in 22 carat gold and is available in both bullion and proof state. This gold bullion coin has no denomination - its value is connected to the daily gold price.
You can buy directly form us. Krugerrands are available from us or our contact us to buy Krugerrands.
The design of the Krugerrand depicts the bust of Paul Kruger, President of the ZAR (Zuid Afrika Republiek) and on the reverse the Springbok.
Whether you're looking for collectors items or to buy gold as an investment, youll find an array of Krugerrand options available from Us
Origin of the Name of the Krugerrand Coins
Krugerrand coins are named as such because the obverse of the coin contains the portrait of Paul Kruger, the fifth and final President of the prior South African Republic as well as a resistance fighter against the British government. The reverse of the Krugerrand coins contains a springbok antelope.
Krugerrand Quick Facts and Brief History
||Gold Bullion (Investment), proof finishes, commemorative issues (Numismatic/Collectors’)
||by the South African Mint annually since 1967
||1 oz Kruggerand, ½ oz Krugerrand, ¼ ozKrugerrand, 1/10 ozKrugerrand
||Bears the face of ‘Boer’ statesman Paul Kruger who served four-terms as South Africa’s president. The obverse side of the Krugerrand also bears the name of the issuing country in both the Afrikaans and English language.
||Designed by Coert Steynberg, the reverse side of the coin features one of South Africa’s national symbols, the springbok. This design was originally featured on the South African five shilling coin
||Krugerrand gold bullion coins were launched in 1967 by the South African Mint to provide private individuals an opportunity to own gold. It was originally intended to circulate as currency which is why the coins are minted in a more durable gold alloy. The success of the gold Krugerrand spawned the development of other popular coins like the American Gold Eagle and Canadian Maple Leaf. Exports of the gold Krugerrand were severely crippled due to economic sanctions over South Africa’s policy of apartheid. The sanctions were lifted after apartheid ended in 1994.
Gold Krugerrands are known around the world for their consistent weight and purity and have been a mainstay for gold investors for decades. Investors can buy gold Krugerrands in a variety of sizes to save for retirement, emergencies and protect the value of their savings.
Collectors’ can also purchase proof and commemorative issues of South African Krugerrand gold bullion coins.
|Gold Bullion Content
||contains 91.67% (22-karat) gold bullion with the remainder consisting of a copper alloy, which gives the gold Krugerrand its unique orange shine
1 troy ounce Krugerrand
- Diameter = 32.77 mm (1.290 in.)
- Thickness = 2.84 mm (0.112 in.)
- Gross Weight = 1.197 troy ounces (33.930 grams)
- Gold Weight = 1.0000 troy ounce (31.103 grams)
½ troy ounce Kruggerand
- Diameter = 27.07 mm (1.066 in.)
- Thickness = 2.22 mm (0.087 in.)
- Gross Weight = 0.5984 troy ounces (16.965 grams)
- Gold Weight = 0.5000 troy ounces (15.552 grams)
¼ troy ounce Krugerrand
- Diameter = 22.06 mm (0.869 in.)
- Thickness = 1.89 mm (0.074 in.)
- Gross Weight = 0.2992 troy ounces (8.482 grams)
- Gold Weight = 0.2500 troy ounces (7.776 grams)
1/10 troy ounce Krugerrand
- Diameter = 16.55 mm (0.6516 in.)
- Thickness = 1.35 mm (0.0531 in.)
- Gross Weight = 0.120 troy ounces (3.393 grams)
- Gold Weight = 0.100 troy ounces (3.110 grams)
Gold Karat Information
Definition: The karat system is used to reveal the amount of pure gold found in an item.
24 karat (24K) gold is pure gold.
18 karat (18K) gold contains 18 parts gold and 6 parts another metal or metals, making it 75% gold.
14 karat (14K) gold contains 14 parts gold and 10 parts another metal or metals, making it 58.3% gold.
10 karat (10K) gold contains 10 parts gold and 14 parts another metal or metals, making it 41.7% gold. 10k gold is the minimum karat designation that can still be called gold in the US.
|| 9 in 24
|| 10 in 24
|| 12 in 24
|| 14 in 24
|| 18 in 24
|| 22 in 24
|| 24 in 24
Weighing Precious Metals
The weight of a piece of jewelry is a factor that helps to determine its value. It is important because it is an indication of the purity in an item of jewelry. We Buy Gold per gram of gold
More about Krugerrands