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The 2020 Krugerrand 1 oz Silver Coin coin contains 1 troy ounces of silver bullion. The melt value of one 2020 Krugerrand 1 oz Silver Coin coin is $26.90 based on the current silver spot price.
2020 South African 1 oz Silver Krugerrand
The South African Gold Krugerrand was the first ever bullion coin in the world aimed exclusively at investors. It was released in 1967 and took the precious metals world by storm.
The Silver Krugerrand was released in 2017 as a proof coin and marked the 50th Anniversary of the release of the Krugerrand as an investment coin. Around 1 million coins were produced and quickly sold out.
The 2018 Silver Krugerrand marked the first issues of the bullion version of the coin. The 1 oz Silver Krugerrand Coin shares much of the design of it’s gold coin counterpart.
The obverse (front) of the coin carries the image of former South African President Paul Kruger. He served as president of South Africa from 1883-1902, an important period during which South Africa fought for it’s independence from British rule.
The reverse (back) of the coin features a Springbok Antelope, a national symbol of South Africa. The Springbok is shown bounding across the plains. Sharing the obverse of the coin is the text denoting the year of issue, the weight of the coin (1 troy ounce) and the purity (fine silver) and the denomination 1 Rand (R1).
The 2020 South African Silver Krugerrand coin is highly anticipated by investors. These coins represent a cost-competitive government bullion coin with a lower premium than other government strikes. This makes them an excellent choice for investors looking for a coin backed by a sovereign government with a low premium over spot price.
|Weight||1 troy ounces|
|Mint||South African Mint|
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