Sell Your Coins To Us
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Why sell to LMB Jellewery
Sell Gold Coins To Us
Everyone often assumes that owning an old South African coin automatically translates to having a million rand in their hands. However, this is frequently not the case. Cash exchanges for such coins usually occur exclusively when selling Krugerrands. As a coin exchange, we specialize in selling coins, including Krugerrands.
Krugerrands hold significant value due to their composition of 24ct gold and their historical significance as collectible coins produced in South Africa. Each Krugerrand contains one ounce of fine gold, contributing to their high monetary worth.
In these challenging times, it is crucial not to fall victim to the economic downturn, especially if you possess Krugerrands tucked away somewhere. For optimal results, it is advisable to sell your coins exclusively at LMB Jewelry, a reputable jeweler specializing in offering cash for Krugerrands and other valuable coins.
By pawning your possessions, people have achieved various financial goals, transforming their lives in the process. If you require an additional injection of cash flow to seal a life-changing deal, consider taking the risk and pawn your valuables with a reliable 24-hour pawn shop. The process is simple: make an appointment, and an experienced pawnbroker will promptly assist you.
At LMB Jewelry, you can rely on the expertise of Zane, highly respected and recognized individuals in the industry. With over 20 years of experience in jewelry and precious metals, they possess a wealth of knowledge, a personal touch, unwavering integrity, and exceptional tradecraft.
When it comes to selling gold coins, trust LMB Jewelry for a seamless and rewarding experience.
Gold Krugerrands
We buy & sell
LMB Jellwery offers the best prices for your Kruger Rands, gold coins, and gold medallions.
The Krugerrand is the most circulated gold bullion coin in the world.
There are five sizes available in gold:
- 1 Oz
- 1/2 Oz
- 1/4 Oz
- 1/10th Oz
- 1/20th Oz
All Kruger Rands is 22 carat Gold Legal Tender Coins based on the daily gold price.
Krugerrand Specifications below
KrugerRand Specifications
Here are the current Krugerrand specifications from the South African Mint. Using these specifications allows anyone who trades Krugerrands a quick and easy method to verify that you do not have a counterfeit Krugerrand. Gold is a very dense metal, and difficult to fake. For example, the common stand-in for gold you hear always hear about is lead. It’s actually a very poor choice- if a counterfeiter cast leads into gold plated blanks matching the Krugerrand specifications for diameter and width.
Tip: Krugerrands are not pure gold- they are actually 22K. The reason why is they are alloyed with copper to make them more durable, a 24K gold coin could be bent with your fingers- the alloy adds some strength. So each Krugerrand is 11 parts gold to 1 part copper.
There is one full ounce of gold in a one-ounce Krugerrand, but it is heavier than that in the Krugerrand specifications due to the added copper content.) An informed buyer can measure diameter and width using calipers, or an extremely fine ruler. A good quality digital scale can give an you accurate reading of the weight. Measuring width, diameter, shape, and weight greatly reduce your chances of receiving a fake. If this sounds like too much work, there’s a quick and easy solution to do the testing for you- we use a Fisch Instruments tester, you can find one on our Krugerrand tester page.
- 1 oz Krugerrand Specification
- Gold Content: 1.0 oz, or 31.103 grams.
- Weight: 33.930 g
- Fineness: 22 carats
- Diameter: 32.77 mm
- Thickness: 2.84 mm
- 1/2 oz Krugerrand Specification
- Gold Content: 0.5 oz, or 15.552 grams.
- Weight: 16.965 g
- Fineness: 22 carats
- Diameter: 27.07 mm
- Thickness: 2.215 mm
- 1/4 oz Krugerrand Specification
- Gold Content: 0.25 oz, or 7.776 grams.
- Weight: 8.482 g
- Fineness: 22 carats
- Diameter: 22.06 mm
- Thickness: 1.888 mm
- 1/10 oz Krugerrand Specification
- Gold Content: 0.1 oz, or 3.110 grams.
- Weight: 3.393 g
- Fineness: 22 carats
- Diameter: 16.55 mm
- Thickness: 1.35 mm
- 1/20 oz Krugerrand Specification
- Content: .1/20 oz, or 3.110 grams.
- Weight: 1.7 g
- Fineness: 22 carats
- Diameter: 12 mm
Silver Krugerrands
We buy & sell
Silver Bullion – Krugerrands
LMB Jellewery offers the best prices for your Krugerrands.
There are only two sizes available in Silver:
- 1 Oz
- 2 OZ
- 1 Oz Krugerrand Specification
- Silver Content: 1.0 Oz, or 31.107 grams.
- Weight: 33.930 g
- Fineness: Fine Silver 99%
- Diameter: 38.72 mm
Gold Coins & Medallions
We buy & sell
Gold Coins & Medallions
LMB Jellewery offers the best prices for your Gold Coins & Medallions.
We also sell 1kg, 500g, or 100g medallions. Note that you can claim your VAT back when leaving SA within 90 days of purchase. This means that you will be getting a phenomenal value for your gold once you arrive at your destination.
Great idea – have your own logo on the medallion and have them made as corporate gifts for your company.
