Gold and Silver Bullion 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.
Assorted Precious Metals from South Africa
South Africa Silver
Product
Dealer
Cheapest Price
South Africa 1 oz Silver Krugerrand Monster Box
APMEX
$18130.00
2024 1 oz Krugerrand Silver Coin
GoldClub Direct
$33.68
1 oz 2023 Big 5 Series: Cape Buffalo Silver Coin
Silver Gold Bull
$67.95
2023 1 oz South Africa Leopard Silver Coin
APMEX
$99.99
1 oz Silver Buffalo Warrior
Monument Metals
$33.78
2023 1 oz Silver Krugerrand Coin
BullionStar US
$35.90
2022 Krugerrand 1 oz Silver Coin
BOLD Precious Metals
$35.12
1 oz Krugerrand Silver - Random Year
Summit Metals
$34.43
South Africa Platinum
Product
Dealer
Cheapest Price
2023 1 oz Platinum South African Big Five Elephant Coin
APMEX
$1093.59
South Africa Gold
South Africa Currency
| Product | Dealer | Cheapest Price |
|---|---|---|
| South Africa 1 oz Silver Krugerrand Monster Box | APMEX | $18130.00 |
| 2024 1 oz Krugerrand Silver Coin | GoldClub Direct | $33.68 |
| 1 oz 2023 Big 5 Series: Cape Buffalo Silver Coin | Silver Gold Bull | $67.95 |
| 2023 1 oz South Africa Leopard Silver Coin | APMEX | $99.99 |
| 1 oz Silver Buffalo Warrior | Monument Metals | $33.78 |
| 2023 1 oz Silver Krugerrand Coin | BullionStar US | $35.90 |
| 2022 Krugerrand 1 oz Silver Coin | BOLD Precious Metals | $35.12 |
| 1 oz Krugerrand Silver - Random Year | Summit Metals | $34.43 |
| Product | Dealer | Cheapest Price |
|---|---|---|
| 2023 1 oz Platinum South African Big Five Elephant Coin | APMEX | $1093.59 |
South Africa Gold
South Africa Currency
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.
