Silver Krugerrand

1. Silver Krugerrand Commemorative Coin
2. Silver Krugerrand Coin
3. Silver Krugerrand Mintage Numbers
4. Silver Krugerrand 2018
5. Silver Krugerrand Price

On the obverse face of the 2021 1 oz South African Silver Krugerrand Coin is a depiction of Paul Kruger. Paul Kruger was the first elected president of the South African Republic of the late-19 th century. His bust has appeared on countless earlier South African coins, including South African Pound denominations. The silver Krugerrand is in the same category as the Canadian silver Maple Leaf, Australian silver Kangaroo, and Austrian silver Philharmonic coins. The Krugerrand is now available in the Silver Bullion version. The Bullion Silver Krugerrand is a Legal Tender coin. Bullion Silver Krugerrands are conveniently packaged in Rand Refinery tubes of 25 Ounces. The very first Silver Krugerrand was released in 2017 as a commemorative edition, but it wasn't until 2018 that the coin became a staple of the South African Mint. Unlike most sovereign bullion coins, the Krugerrand does not have a face value. Instead, its value is solely based on its weight and the current spot price of silver.

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.

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

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

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.

Silver Krugerrand Commemorative Coin

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.

Silver Krugerrand Coin

IRA Approved Silver Coin

Silver Krugerrand Mintage Numbers

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.

Silver Krugerrand 2018

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Silver Krugerrand Price

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