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The Krugerrand 1 oz Silver Coin - Random Year coin contains 1 troy ounces of silver bullion. The melt value of one Krugerrand 1 oz Silver Coin - Random Year coin is $21.82 based on the current silver spot price.
The South African 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 to celebrate the 50th Anniversary of this legendary investment coin series. Around 1 million coins were produced and quickly sold out.
Bullion coins have been minted annually since 2018. The 1 oz Silver Krugerrand Coin shares much of the design of it’s gold coin counterpart and has proven to be popular amongst investors, stackers and preppers.
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 Random Year Silver Krugerrand coins offer tremendous value over other sovereign bullion.
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.
|Mint||South African Mint|
|Coins Series||South African Krugerrands|
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