Silver Krugerrand

The gold Krugerrand is one of the world’s most storied bullion coins. Thanks to the country’s bountiful gold mines, in 1967, the South African Mint produced the first gold bullion Krugerrand coin that was widely available for private ownership and personal investment. The name of the gold coin is a combination of “Kruger,” after State President Paul Kruger of the South African Republic, and “rand,” after the South African unit of currency. Now, 51 years later, the South African Mint and Rand Refinery jointly released the first non-proof silver bullion version of this iconic coin.

This handsome 2020 1 oz silver bullion Krugerrand coin is minted by the world-famous Rand Refinery of South Africa in 0.999 pure silver. As well as having the distinction of having refined over 50,000 tonnes of gold since it first opened in 1921, the Rand Refinery, located near Johannesburg, is also famous for the production of the Gold. This 2020 Silver Krugerrand continues the new and old traditions. It was struck from 1 oz of.999 fine silver. Featuring Coert Steynberg's Iconic Springbok Design. Both faces of the Silver Krugerrand take. The new Silver Krugerrand marks the first-ever silver coin in the long-running Krugerrand collection and was unveiled with its first test striking available for viewing at FUN 2017 on January 6 th. Silver Krugerrand. Silver Krugerrands The Gold Krugerrand is the grandfather of modern bullion. The coin was first issued in 1967 and has a complex history that was heavily influenced by Western boycotts due to apartheid. 2017 saw the fiftieth anniversary of the gold Krugerrand and the South African Mint issued a commemorative limited edition proof 1oz Silver Krugerrand. Due to the popularity of this release, they have now issued a bullion version to compete with the other main silver bullion coins. Sheep and ovines; Politician.

In fact, the South African Mint issued its first silver Krugerrand in 2017 to celebrate the 50th anniversary of the original Krugerrand coin. However, that commemorative proof coin was primarily aimed at collectors. Only 15,000 of these Premium Uncirculated coins were available for purchase—and they were fairly high-priced. Due to the commemorative issue’s immense popularity, though, the South African Mint decided to produce a bullion silver Krugerrand. This issue is available at a lower premium and presents another option to popular silver bullion coins such as the Maple Leaf, the Philharmonic, or the Kangaroo.

Silver Krugerrand Mintage Details

Coin NameMetal ContentMintage Number
2017 1 oz Proof Silver Krugerrand Coin.999 Silver15,000
2017 1 oz Silver Krugerrand Coin (Premium Uncirculated).999 Silver1,000,000
2018 1 oz Silver Krugerrand Coin (BU).999 SilverN/A
2018 1 oz Proof Silver Krugerrand Coin.999 Silver15,000
2019 1 oz Silver Krugerrand Coin (BU).999 SilverN/A
2019 1 oz Proof Silver Krugerrand Coin.999 Silver20,000
2020 1 oz Silver Krugerrand Coin (BU).999 SilverN/A
2020 1 oz Proof Silver Krugerrand Coin.999 Silver20,000

Silver Krugerrand Bullion Coin Design

Designed by Otto Schultz, the obverse features the profile of former president of the South African Republic, Paul Kruger. This side also displays the name of the country in its two official languages, English (“SOUTH AFRICA”) and Afrikaans (“SUID AFRIKA”). Gracing the reverse is one of the country’s national symbols, designed by Coert Steynberg, the springbok antelope. The reverse also features the mint year, metal content, weight, and face value. The proof versions have a small privy stamp on the reverse above the Springbok antelope, with the number “50” stamped inside the privy circle.

Proof Silver Krugerrand Coin Design

Silver

In addition to the bullion silver Krugerrand, the South African Mint also introduced a 2018 1-ounce proof silver Krugerrand. The proof coins are struck on specially polished blanks and feature frosted design elements as well as a mirror-like background. The design is the same as the bullion issue, except that the proof coin has more notches around its outer edge. The proof silver Krugerrand has a limited mintage of 15,000 coins.

2017 Silver Krugerrand Ms70

African

The Ideal Silver Bullion Coin for Investors

This 1-ounce coin is made from .999 fine silver and has a face value of one rand. The silver Krugerrand is in the same category as the Canadian silver Maple Leaf, Australian silver Kangaroo, and Austrian silver Philharmonic coins. A large number of silver Krugerrands are certified by the Numismatic Guaranty Corporation (NGC) and Professional Coin Grading Service (PCGS) to have Specimen 70 grades, attesting to the coins’ full mint luster and flawless surface area.

IRA Approved Silver Coin

Silver

You will be happy to learn that the Silver Krugerrand is eligible for purchasing in a Precious Metals IRA (Individual Retirement Account). Given the South African Mint’s excellent reputation and long history, you can rest assured that you will have a coin of outstanding quality and value in the silver Krugerrand. Learn more about IRA approved gold and silver and how a gold and silver IRA works.

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Silver Krugerrand Commemorative Coin

South african silver krugerrands coin

Silver Krugerrand Value

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