Celebrate Wildlife Conservation with Big Five Silver Coins from South Africa

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Introduced in 2019, the series highlights the “Big Five” animals—a term that originally referred to the five most dangerous animals to hunt on foot. These animals are the lion, elephant, buffalo, leopard, and rhinoceros.

The choice of the Big Five reflects the country’s focus on wildlife conservation while highlighting the importance of wildlife tourism to South Africa’s economy and the country’s rich natural heritage. These animals are not only symbols of Africa’s biodiversity but also of conservation efforts aimed at protecting these species from threats such as poaching and habitat loss.

One of the unique aspects of these coins is their two-in-one design. The designs capture these majestic creatures with intense expressions, showcasing the intricate details such as the fur texture, the contours of the face, and even the reflections in the animals’ eyes, bringing each portrait to life.

When two coins are placed next to each other, a complete close-up portrait of the animal’s face is formed. This design feature encourages the acquisition of pairs of coins for a complete set. Each coin is released with a limited mintage of just 15,000 coins and is struck from 1 ounce of .999 fine silver.

2023 Big Five Series II Leopard

The latest release include coins featuring the Leopard and the Cape Buffalo.

2023 Big Five Leopard Silver Coin

Known for its elusive nature and striking appearance, the South African Leopard is found throughout sub-Saharan Africa. The leopard is one of the most admired and respected wild animals in Africa, featuring prominently in both cultural folklore and wildlife conservation.

The obverse of 2023 1 oz South African Big Five Leopard Silver Coin shows the close-up detailed face of a leopard, with its head tilted slightly to the side, with the South African Coat of Arms in the center along the bottom. The reverse shows two halves of a leopard’s face with a circular feature in the center that contains the weight, purity and legal tender face value.

The leopard is a master of stealth and an apex predator that is famous for its beautifully marked coat, dotted with black rosettes and spots which provide camouflage in its natural environment.

Much of the leopard conservation effort hinges on protecting sanctuaries such as Kruger National Park and the Kgalagadi Transfrontier Park where leopards can roam freely and safely.

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2023 Big Five Buffalo 1 oz Silver Coin

2023 Big Five Buffalo Silver Coin

Cape buffalos are large, robust animals, with mature males weighing up to 2,000 pounds or 900 kilograms. They are characterized by their impressive horns, which have fused bases forming a continuous bone shield referred to as a “boss,” making them one of the most recognizable features of these animals.

The obverse of 2023 1 oz South African Big Five Buffalo Silver Coin shows a close-up side profile of the head of a buffalo. The words “South Africa” and “Big Five 2023,” as well as the coat of arms is included.

The reverse side depicts two halves of the face of a buffalo with a circular feature in the center that contains the weight, purity and legal tender face value.

South Africa buffalo are highly social creatures and their large herds often subdivided into smaller groups for females with calves, bachelor groups for males, and mixed sex groups.

Poaching remains a threat due to the value of the horns and meat. Much of the conservation efforts for Cape buffalos involves maintaining and securing protected areas such as the Kruger National Park and private game reserves are crucial sanctuaries where these animals can roam freely and safely.

The Rand Refinery

The Rand Refinery, established in 1920, is one of the largest and most famous gold refineries in the world. It is located in Germiston, South Africa, and was founded by the Transvaal Chamber of Mines to refine all of the gold produced by South Africa’s gold mines.

The refinery is famous for producing the gold Krugerrand, but also provides a range of products and services, from gold bullion bars and coins to value-added services like smelting and refining.

South Africa is rich in a variety of minerals including gold, diamonds, coal, platinum and mining has been a pivotal aspect of South Africa’s economy since the Witwatersrand gold rush of 1886.

Today, South Africa remains a major mining hub and the sector continues to be a vital part of South Africa’s economy and a major employer.

Is the Costco Gold Bar a Good Deal?

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While best known for its large selection of consumer goods and services ranging from groceries to electronics to clothing, travel booking, insurance, and optical, Costco has recently added several 1 oz gold bars to their lineup.

Periodically, warehouse club now periodically offers both Rand Refinery 1 oz Gold Bars and PAMP Suisse 1 oz Gold Bars available for sale on their website.

When the bars are available on the retailer’s website, members must be logged into their account in order to see the pricing. The pricing is based on the spot gold price, plus a traditional retail markup that conforms with their pricing model.

Observations comparing recent sales show against the prevailing gold spot price during the same time have shown that the premium appears to be in the range of 2.3%-3%.

“I’ve gotten a couple of calls that people have seen online that we’ve been selling one-ounce gold bars,” CFO Richard Galanti told investors during a recent quarterly earnings call.

“Yes, but when we load them on the (web)site, they’re typically gone within a few hours and we limit two per member.”

Both of the brands that Costco has made available so far are also readily available from many trusted and reputable online bullion dealers.

In general, gold bars come with lower premiums over the spot price of gold than coins. Meaning, investors can often get more gold for their money when buying bars compared to coins.

Buying gold bars from Costco may be a convenient option for some investors, but it is important to consider other factors before making a purchase.

Costco sells only a single gold denomination

Both PAMP Suisse and RAND Refinery offer fractional gold bars that are available at a variety of price points, making them more affordable to a larger group of investors looking for a trusted store of value.

The Lady Fortuna line has been PAMP’s signature line for decades and fractional gold bars are available sizes as small as one gram and in industry standard increments of 5 gram, 10 gram, and 20 gram. These fractional gold bars are more accessible and also make an excellent store of value.

Costco does not offer a buyback program for gold bullion. So when it comes time to sell, you will need to find a different gold buyer. Looking through the number of bullion dealers and coin stores in your area is a good way to check how easy it might be to sell locally.

Online bullion dealers update their prices in real-time according to changing market conditions, while Costco prices their gold bars at a fixed price. These bars are sold only on their website for a limited time.

Depending on the timing of your purchase, this could lead to paying a substantially higher premium to Costco for the same 1 oz gold bar than you might from an online bullion dealer.

Costco also has a strict no returns policy for bullion products, which deviates from their normal return policies.

Cheaper Alternatives to Costco Gold Bars

The PAMP Suisse Azure Dragon 1 oz Gold Bars that are offered by Costco are an excellent value for collectors, as these bars are a limited mintage and quickly sell out from online bullion dealers when they are available.

RAND Refinery is a large South African company that produces a variety of gold bars for investors, often at a much lower premium than other mints.

There are many private mints, like RAND, that have longstanding and trusted reputations of delivering pure .9999 fine gold to both industry and investors. These refiners have long standing affiliations with international gold markets like the LBMA, Shanghai Exchange and COMEX.

Some are based here in the United States, such as Sunshine Minting, located in Coere d’Alene, Idaho, which has been operating as a full service private mint since 1979. Sunshine Mint 1 oz Gold Bars incorporate the MintMark SI security feature on the reverse and etched with a unique serial number. This will match the assay card that comes encapsulated with newly minted bars.

Arizona based Scottsdale Minting produces coins on behalf of a variety of governments and issues both gold bars and rounds for investors and collectors under their own hallmark.

Scottsdale Mint 1 oz Gold bars often contain innovative designs that incorporate advanced security features and laser etched features.