The Silver Krugerrand Bullion Coin is our top-selling silver bullion coin and was first minted in 2017 during the 50 year anniversary of the South African Gold Krugerrand that was first minted in 1967. The Silver Krugerrand is extremely popular, both with South African and international investors. The name “Krugerrand’ is an internationally recognised brand, making these a sought-after bullion coin for both investors and dealers. Deemed vastly undervalued relative to gold, these coins is a must as part of your precious metals portfolio.
With an unlimited mintage and a price that is determined by the Dollar silver spot price and Rand/Dollar exchange rate, the investors gains exposure to the real-time USD spot silver price and a Rand hedge against the US Dollar. Investors can purchase single coins, sealed mint tubes containing 25 coins per tube or a “monster box” containing 500 x 1 ounce silver Krugerrand’s.
Silver has been considered a precious element for 6000 years. It was first used as a currency in 700 B.C. and has had a role as a trading metal in nearly every ancient and modern culture. From the drachma of the ancient Greeks, which contained an eighth of an ounce of silver to the Roman denarius and the British pound sterling, which designated a specific weight amount of the element, silver has long held a special place as a store of value.
Each coin weighs at least 31.10 grams has a diameter of 38.725mm and a lustrous finish. The design on the coin features the famous springbok as designed by Coert Steynberg and the bust of Paul Kruger as designed by Otto Shultz surrounded by 200 serrations. Each bullion coin contains 1 oz of .999 fine Silver.
First released in 1967, the original Krugerrand is one of the most successful bullion coins ever released, selling in the millions of ounces. The silver version – minted annually since 2018 – offers investors an affordable way to acquire high-quality silver that is instantly recognizable by its iconic Krugerrand design, a trusted symbol of purity for over 50 years. The Silver Krugerrand is a competitive with other leading sovereign coins including the Silver Maple Leaf and American Silver Eagle. Silver Krugerrands contain 1 troy ounce of 99.9% silver. And, as is tradition, they are legal tender but have no face value. The South African Mint does not fix fiat currency prices to coins. They are intended to trade and be priced solely on the spot price of silver and current market premiums over spot. The front of the coin features a bust of Paul Kruger, the four-term president of the South African Republic. The back displays the national symbol of South Africa, the prancing Springbok along with the year-date, weight, and the inscription “fine silver” in English and Afrikaans. Multiples of 25 come in sealed tubes. Multiples of 500 in sealed mint case.