Krugerrands worth more than Gold Eagles and Maple leafs, Paying more.
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South Africa and Canada being in the British commonwealth means Krugerrands Coins and Maple leafs can be imported into the UK without duty or tariffs. American Eagles are subject to high tariffs and therefore cost much more than K-rands and M-L in the UK and Europe.
A similar situation occurred in the mid 60's when gold bars were taxed in England but not British Sovereigns.
In Lebanon the gold bars .999 were made into exact copies of British Sovereigns they were and still are almost impossible to tell which are fakes and which are genuine. The person from New York who was importing the fakes cooperated with the feds to keep out of jail.
Fake sovereigns are still being sold today as real. Since they only sell for the gold, the difference is only $5-$15.
I melt all fakes and only sell guaranteed real ones cause I know with 95% certainty which are fakes and which are real.
Only 3 or 4 dealers in NY could tell the difference with 99.9% certainty. I know of no dealer on the whole west coast and AZ who is able to tell the difference. Jonathan's coins before he went bankrupt, to put it nicely was the largest seller of fakes in LA and the west.
I testified in 2 court cases as an expert witness and proved they were fake.
Steve @ Coin Country show contact info