34.88 EUR
| SKU | 61cac871ca0ec |
| Weight | 31.105 Grams / 1.000 Oz |
| Serial Number | No |
| Condition | Uncirculated |
| Packaging | Plastic Slip |
| Manufacturer |
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Brand new and newly released 2022 South African Krugerrand silver bullion coin
Each coin contains 1 troy ounce of 999 fine investment-grade silver bullion.
About the South African Krugerrand Series
The South African Krugerrand coin was launched in gold in the late 1960s and was immediately very popular. The Rand Refinery began to release gold coins as an additional way to monetize the gold mined in South Africa. However, at this stage retail physcial bullion investing became popular as well, which helped to drive interest in the Krugerrand. In fact, the 1 Ounce gold Krugerrand coin was the most popular gold coin available to retail precious metals investors until around 1980, when Apartheid made the Krugerrand more difficult to source in Europe and America. As a result, the Maple Leaf became the most popular coin at that stage.
The Krugerrand was released in silver as a proof coin in 2017, and as a silver coin available to silver investors in large quantities in 2018. The 1 Oz silver Krugerrand is a competitor to the silver Maple Leaf coin, as the two have a similar premium over spot, and are relatively low margin silver coins.
The 1 Oz Silver Krugerrand is available as an individual silver coin, in tubes of 25 coins, and as a monster box of 500 pieces.
Design of the Silver Krugerrand
The front of each coin features an image of Paul Kruger, South Africa's first president. The top of the coin features the words 'South Africa' in both English and Afrikaans. The reverse features an image of a Springbok in a field, with the word Krugerrand above it. The year of minting and coin weight can be found surrounding the image. The Krugerrand is unique in the fact that it does not have a legal tender value printed on the coin, unlike most government issued coins. However, they do still have a legal tender value of 1 South African Rand.
The silver Krugerrand coin is produced by the Rand Refinery in South Africa, and is available in gold, silver and platinum.
Please contact us to sell silver Krugerrands.
Price includes vault storage for up to one year.
