Selling Gold, Jewellery and Watches
How do I sell Krugerrands to Knox?
The short answer
To sell Krugerrands to Knox, contact the team to describe the coins and arrange a visit, then bring the coins with your identification and proof of ownership. Knox inspects, weighs and tests the coins and makes an offer based on its buy-back pricing at the time. If you accept, payment follows once verification and Knox's payment procedures are complete.
Step by step: selling Krugerrands
- Get an indication. Check the current buy-back price or ask Knox for an indicative figure for your coin sizes and quantity.
- Arrange your visit. Confirm whether an appointment is needed and what to bring.
- Verification. Knox checks your identity and asks for evidence that the coins are yours to sell.
- Inspection and testing. The coins are examined, weighed and tested for metal composition.
- Offer. Knox confirms its offer at the price that applies on the day.
- Acceptance and payment. If you accept, payment is made in line with Knox's payment procedures.
What affects the amount you receive
The main driver is the gold price in rand at the time of sale, applied to the fine gold content of your coins, with Knox's buy-back spread reflected in the offer. Condition can matter: coins that are heavily scratched, bent, cleaned with abrasives, mounted in jewellery or showing signs of tampering may be valued differently or need further checks. Coins taken out of jewellery mounts may carry solder marks that affect both testing and value.
Knox's buy-back terms
The buy-back price, whether a minimum quantity applies, the documents required and how and when payment is made are Knox policy. Krugerrands are bought on the morning or afternoon price. You bring the coins to Knox at the agreed time for inspection and testing, provide your ID and a bank confirmation letter, and sign a bill of sale; payment is made the same day and ownership passes to Knox on payment. An indicative figure given before inspection can change once the coins have been tested and the price at the time of the transaction is applied.
Before you sell
Think about whether selling is the right step for you. Some people consider keeping the coins in storage or using them as security for a loan instead, and each option has different costs and risks. A sale may also have tax consequences that depend on your circumstances, so keep your purchase records and speak to a tax practitioner if you are unsure.
How Knox handles this
Ready for the next step?
Speak to the Knox team about your situation. They will confirm current pricing, availability and requirements before you decide.
