The 1 oz South African Krugerrand silver coin was first introduced in 2017, marking the 50th anniversary of the immensely popular South African Gold Krugerrand. Since then these coins have been issued each year making it an annual choice for bullion investors. The coin contains 1 oz of .999 fine silver and has the same design as the Gold Krugerrand. The front of the coin features Paul Kruger, the first elected president of South Africa in the late 19th Century. Rand is the South African currency’s monetary denomination, giving the coin the name of Krugerrand. The reverse of the coin features a springbok antelope. This coin is newer to the bullion market but has set a standard for quality because of its gold counterpart’s popularity. Furthermore, this Krugerrand silver coin is backed by the South African government.
Coin Highlights:
- Contains 1 Troy oz of .999 fine Silver.
- Bears a face value of 1 Rand backed by the government of South Africa.
- Multiples of 25 are packaged in plastic mint tubes. Multiples of 500 are packaged in “Monster Boxes.”
- Obverse: Paul Kruger
- Reverse: Springbok Antelope
- Sovereign coin backed by the South African government.
Rand Refinery produces the blanks for the Silver Krugerrand coins. The South African Mint then takes the blanks and strikes the coins for release.
