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.
| Product | Dealer | Cheapest Price |
|---|---|---|
| 2025 South Africa 1 oz Silver Krugerrand | Monument Metals | $40.34 |
| 2024 1 oz Krugerrand Silver Coin | APMEX | $43.42 |
| 1 oz 2023 Big 5 Series: Cape Buffalo Silver Coin | Safe Haven Metal | $67.00 |
| 1 oz Silver Buffalo Warrior | Monument Metals | $39.24 |
| 2023 1 oz Silver Krugerrand Coin | SD Bullion | $43.85 |
| 2022 Krugerrand 1 oz Silver Coin | JM Bullion | $46.28 |
| 1 oz Krugerrand Silver - Random Year | Bullion Standard | $40.38 |
| 2018 South African Silver Krugerrand | JM Bullion | $56.38 |
| Product | Dealer | Cheapest Price |
|---|
From 1923 until 1950 silver coins in South African circulated in various denominations based on the British pound.
The common coins in circulation were denominations from the threepence to the half-crown and crown. The half-crown and crown were designated commonly as 2.5 shillings and 5 shillings. These coins were minted of .800 fine silver.
From 1951 until 1960 they were produced from .500 fine silver.
In 1961 South Africa gained it's independence from Britain and began issuing it's own currency. From 1961 until 1964 silver Rand coins in denominations from two and a half cents up to 50 cents were minted in .500 fine silver.
From 1965 to 1990 limited edition 1 Rand coins were minted from .800 fine silver. These were proof and special edition coins that were never intended for cirulation.
South African junk silver coins are fairfly common and easy to find in the United States and throughout Europe.
