South Africa Gold and Silver Bullion, Coins, Bars and Rounds
South Africa Silver
| Product | Dealer | Cheapest Price |
|---|---|---|
| 2017 South Africa Silver Krugerrand | ebay | $4.90 |
| 2018 South African Silver Krugerrand | SD Bullion | $20.25 |
| 2019 South African Silver 1 oz Krugerrand Coin | UniversalCoin.com | $19.70 |
South Africa Gold
| Product | Dealer | Cheapest Price |
|---|---|---|
| South Africa 1 oz Gold Krugerrand (Random Year) | SD Bullion | $1517.44 |
| South Africa 1/2 oz Gold Krugerrand (Random Year) | BGASC | $794.70 |
| South Africa 1/4 oz Gold Krugerrand (Random Year) | JM Bullion | $406.84 |
| South Africa 1/10 oz Gold Krugerrand (Random Year) | Money Metals Exchange | $165.19 |
| 2019 Gold Krugerrand 1 oz Coin | Golden Eagle Coins | $1557.32 |
Gold and Silver Coins from South Africa
South Africa is the home of the Krugerrand Gold Coin, considered by many to be the first gold bullion coin issued by a government to be used as a store of wealth. The Gold Krugerrand Coin was first issued in 1967. It contained 1 oz of pure gold in an alloy that contained copper which gives it the orangish hue that it's known for.
In 1980, South Africa began to produce the Krugerrand in fractional gold sizes included 1/2 troy ounce, 1/4 troy ounce and 1/10 troy ounce.
During the 1970's the Krugerrand dominated the global bullion market, accounting for as much as 90% of gold bullion investment. Due to it's success, other countries began to produce their own gold coins.
| Denomination | Diameter (mm) |
Thickness (mm) |
Weight (grams) |
Fineness (purity) |
Gold content | |
|---|---|---|---|---|---|---|
| (gram) | (troy ounces) | |||||
| 1 oz | 32.77 | 2.84 | 33.930 | 22 karat (91.67%) | 31.103 | 1.000 |
| 1/2 oz | 27.07 | 2.215 | 16.965 | 22 karat (91.67%) | 15.552 | 0.500 |
| 1/4 oz | 22.06 | 1.888 | 8.482 | 22 karat (91.67%) | 7.776 | 0.250 |
| 1/10 oz | 16.55 | 1.35 | 3.393 | 22 karat (91.67%) | 3.110 | 0.100 |
The Silver Krugerrand, along with the Platinum Krugerrand were introduced in 2017 to commemorate the 50th Anniversary of the iconic coin's release.
The South African Mint is responsible for the minting of Rand coins.
