Questions and answers about our offer and services
How much are the shipping costs?
Our shipping costs start at 7,95 Euro or 14,95 Euro. From an order value of 50,000 euros, we are also happy to deliver personally free of charge by arrangement.
We deliver worldwide; in Germany with Intex, UPS, FedEx. International with UPS or FedEx; all fully insured of course.
You can find more about our shipping costs here: Payment and shipping
Is the shipping secure?
Yes, our shipping is absolutely safe. We deliver from an order value of 500 euros via courier service.
You can find more about our shipping here: Payment and shipping
We prefer carriers such as UPS, FedEx and Intex. Since they operate internationally, they can ensure that your packages reach their destination safely and quickly. Once your item has shipped, you will receive an email notification with tracking information. You can use this tracking number to track the status of your delivery.
How long does the shipping take?
Your coin usually goes out the day after we receive the money. Delivery times are about 3-4 days (excluding Saturdays and Sundays and holidays).
You can find more about our shipping here: Payment and shipping
Can I pick up my coins myself?
This is theoretically possible. To do so, please make an appointment with us and then bring a valid ID and the order confirmation to the pickup.
What are your opening/office hours?
Our store is open for you 24 hours a day, 7 days a week. You can reach us by phone Monday to Friday between 9 am and 6 pm. By appointment (e.g. for a special consultation), we are also happy to go beyond that – just send us a message via the contact form.
Do I have to be a collector to invest in gold coins?
Many of our customers are not collectors. However, it has been our experience that some investors are interested in coin collecting both as a hobby and as an additional way to diversify their assets.
Why do we photograph our coins ourselves and not use standard photos?
Beware of a coin image that does not look like the seller actually took the photo himself. There has been a recent trend of unscrupulous sellers stealing a photo from a reputable dealer, auction house or collector and using it on their own website where they sell an inferior coin or no coin at all. The coins shipped to buyers may be of lower quality than the coin shown in the photo.
In general, beware of sellers who do not provide a clear picture of a coin, or any picture at all.
At RareCoin we use authentic images and when you buy our coins you see exactly what you get.
Who is the RareCoin Team?
You can find more about our team here: About us
Does VAT apply to the purchase of your gold coins?
Our gold coins are VAT exempt according to. §25c UStG or are subject to differential taxation in accordance with. §25a UStG.
What are the most famous gold coins?
The best known and at the same time most popular investment coin in the world is the Krugerrand. Well-known coins are also the Canadian Maple Leaf, the American Eagle and the Vienna Philharmonic.
Do you check the authenticity of your products?
Each coin is checked for authenticity with various devices upon receipt of goods at our company. In addition, we check the authenticity of our coins before they leave our premises to our customers. In addition, we work exclusively with reputable partners who have many years of experience in the precious metals business.
Do your coins have certifications?
Many of our coins have a serial number. They are considered collectibles and are sold with a certificate of authenticity.
Will I receive an invoice for the order?
Of course. With each shipment you will receive a proper invoice.
Basic
Here you will find our most important links:
What we offer
Coins purchase
Coin search
What are the differences between collector coins and bullion coins?
Mintage, design and mintage are important factors in the difference between collector coins and bullion coins.
What does Gold Proof mean?
“Gold Proof” refers to a special minting quality of coins, particularly those made of gold. Unlike traditionally minted coins intended for circulation, Proof coins are created using special processes to create collectibles of the highest quality and detail.
During the minting process, Proof coins are often minted multiple times and at higher pressures, making their designs appear sharp and clear. In addition, the embossing dies used for the embossing process are treated and polished with particular care. The result is coins with a mirror-like background and matte, raised design elements.
Gold Proof coins are typically more expensive than their circulating or bullion-like counterparts because they not only represent the value of the gold they contain, but also carry a premium for their special quality and limited mintage. They are often presented in special cases and come with certificates of authenticity to confirm their authenticity and quality.
How can I tell if a gold coin is genuine?
To determine whether a gold coin is genuine, you only need to know its basic characteristics: Weight, diameter and thickness.
These three characteristics of every gold bullion coin can be found both on our website and on the websites of the mints that mint these coins.
What is a troy ounce?
A troy ounce is a weight measure used worldwide for gold and other precious metals. 1 troy ounce = 31.1034768 grams.
Coins weighing 1 troy ounce account for about 85% of gold bullion coins sold worldwide.
Can I invest in jewelry instead of gold coins?
No, jewelry is not really suitable for investment. Indeed, gold jewelry can be sold quickly only in a pawnshop, and at a much lower price than the one for which you bought it.
What is meant by spot price and premium?
When you buy precious metals, you pay a total price that includes the spot price, a premium, and all applicable taxes and other fees. Simply put, the spot price is the current price of gold at a given point in time. The premium is the price paid in addition to the spot price to cover manufacturing and distribution costs.
What does…?
Grading
Degree of preservation of coins, a valuation to ensure the value of the coin. Coins can be submitted to PCGS or NGC for this purpose. The grading scale used by the NGC and PCGS is recognized by the international numismatic community. Many of our coins have grading. Please refer to the respective descriptions. RareCoin is an NGC and PCGS authorized dealer. Contact us if you would like to have your coins graded.
The name Krugerrand?
Krugerrand or in English Krugerrand is made up of the words Kruger and Rand. Paul Kruger was descended from German immigrants and lived from 1825-1904. He was a South African politician and military commander of the Boers in the independence struggle against the British. On the obverse of the coin is a picture of him. Rand is on the one hand the South African currency, but also the abbreviation for Witwatersrand, a very gold-rich area in the former province of Transvaal, where most of the gold used for the Krugerrand coins comes from.
The abbreviation PP
PP stands for Polished Plate. Coins in the highest minting quality “polished plate” (= PP), also often referred to as mirror finish, are usually more expensive than coins in normal minting. Proof is the highest minting quality for collector coins. These coins are individually minted with a high degree of manual labor. They are made by outstanding artists/designers – medalists. The value of collector coins is usually determined not by the value of the metal, but by their collector characteristics (circulation of the coin, completeness of the collected series, etc.).
NGC
NGC = “Numismatic Guaranty Company” is an international third party coin grading and certification company
PCGS
PCGS = “Professional Coin Grading Service” is an American third party coin grading, authentication, attribution and encapsulation service provider founded in 1985.
SAGCE
SAGCE = “The South African Gold Coin Exchange”.
From its beginnings in 1967 up to and including 1991, grading and certification of Krugerrand coins was offered by the South African Gold Coin Exchange. Then, from the beginning of 1988, there was only one grading and certification of GRC (Gold Reef City) coins. An example: Krugerrand GRC 1989 SAGCE Proof Set
SA Mint
SA Mint = South African Mint: The South African Mint is the continent’s leading producer of legal tender, commemorative and rare collector coins. With over 100 years of experience in African and international markets, SA Mint offers products that reflect unique African design and superior craftsmanship. The South African Mint is a wholly owned subsidiary of the South African Reserve Bank (SARB), incorporated under the SARB Act. The world’s best-known SA Mint coin is the Krugerrand, which is minted in gold, silver and platinum.
Are graded coins a good investment?
There are good reasons why these coins can be good investments. They offer safety to beginners as well as to experienced collectors. Owning a coin with PCGS or NGC grading guarantees you the exact preservation and quality of the coin.
What is a Krugerrand?
Krugerrand are gold coins minted by the Republic of South Africa since 1967. The 1-ounce Krugerrand gold coins were originally created as a means of payment, with the goal of mining South African gold at the time. They quickly gained popularity and became one of the most famous gold coins in the world.
What animal is on the South African gold Krugerrand?
The reverse of the coin shows an antelope species known as springbok. Much like the maple leaf on Canadian currency and the bald eagle on U.S. currency, the springbok is a national symbol of South Africa. The name of the animal comes from a combination of the Afrikaans words for “leap” and “antelope/goat”.
Where are South African gold Krugerrands minted?
These coins are minted by the South African Mint in Centurion, South Africa. Before 1995, Centurion was known as Verwoerdburg. Before 1967, the year the coin was first minted, Verwoerdburg was known as Lyttleton.
What gold Krugerrand coin sizes are available?
The weight and dimensions of a 1-ounce gold Krugerrand are 33.93 grams, 32.77 millimeters (mm) wide and 2.84 mm thick.
Krugerrands are available in four sizes of pure gold:
1 ounce
1/2oz
1/4oz
1/10oz
When were the first Krugerrand coins minted?
The first gold Krugerrand coins were minted in 1967.
Why are the costs of Krugerrand coins so different?
Numismatic value is an important factor affecting the actual Krugerrand value. Some collectors are willing to pay more money for a particular mint year that they consider more valuable compared to the others.
Read more: Buy Krugerrand – What does a Krugerrand cost?
Are there silver Krugerrand coins?
Yes, in 2017, Rand Refinery began minting silver versions that have the same overall design as the gold coin.
Are Krugerrand gold coins 100% gold?
The actual weight of a 1oz Krugerrand is 33.9 grams. Each coin is minted in 916.7 (22 karat) gold, so the coin contains exactly one troy ounce of pure gold. The remaining weight is due to the copper alloy that is added to create a sturdy and durable coin.
What is the difference between a medal and a coin?
A coin is a legal tender. A coin may only be minted by the holder of the minting right.
A medal is not(!) legal tender, but is gladly minted for special occasions and may not call itself a coin. Anyone can mint a medal.
Can I buy a gold coin in the “wrong” holder?
What does “wrong holder” actually mean? Coins are supplied in protective sleeves if they have been graded and “certified” by a specialist company. But not all these specialized companies / holders are the same. One of the most important differences is the trust and reputation of these providers worldwide. Since the mid-1980s, there have been a number of third-party providers on the coin market that check coins for authenticity and, if desired, also grade them. These companies independently grade the coins, ensure their authenticity, assign them a numismatic grading on a scale of 1 to 70, and then package them in tamper-proof containers (also known as “holders”). Thus, the coins are much better protected from external damage.
Third party certification has become a preferred method for many gold investors and gold collectors looking to purchase a rare premium quality gold coin.
As in any industry, there are not so trendy brands, good brands and very famous and popular brands. The “Professional Coin Grading Service“(PCGS) was added in 1986 among third-party coingraders. PCGS was the first company of its kind at the time to offer coin grading/certification and encapsulation on a large scale. In 1987, theNumismatic Guaranty Company(NGC) was founded.
Both PCGS and NGC continue to function as the most important valuation companies in the world today. When you choose gold coins with PCGS or NGC grading, you can be absolutely sure that you have made a good choice. Of course, this also has advantages when selling their gold coins later.
Coins Glossary
More questions & answers will be included here for you in the coming days, weeks and months.
For all questions, please feel free to ask us. We are available for you by phone or by contact form.