2017 South Africa Silver Krugerrand
Compare the best online dealer prices when shopping for 2017 South Africa Silver Krugerrand coins.
We earn money through advertising and by participating in various affiliate marketing programs. That means we may get paid a small commissions on products purchased through our links to retailer sites.
Melt Value: How Much is a 2017 South Africa Silver Krugerrand Worth?
Each contains 1 oz of .999 fine silver bullion. Based on the metal content and weight, each 2017 South Africa Silver Krugerrand is worth $51.91 based on today's silver spot price. The value is calculated by multiplying the weight times the purity times the spot price. Dealer premiums and brand reputation can impact the final price, so comparing offers is important.
2017 South Africa Silver Krugerrand
The 2017 South Africa Silver Krugerrand celebrates the 50th anniversary of the Krugerrand program and marks the first time the South African Mint issued the design in silver. Struck in 1 troy ounce of .999 fine silver, this inaugural release arrived in two formats aimed at both bullion buyers and collectors, giving investors a chance to compare premiums and secure competitive pricing across dealers.
The obverse features Otto Schultz’s well-known left-facing portrait of Paul Kruger, former President of the South African Republic. A bilingual legend, “SUID-AFRIKA • SOUTH AFRICA,” frames the effigy and reinforces the long-running identity of the Krugerrand series within South Africa’s official coinage.
The reverse presents Coert Steynberg’s springbok antelope bounding across the veld, with the date split on either side of the animal. Inscriptions read “KRUGERRAND” and “FYNSILWER 1 OZ FINE SILVER R1,” clearly noting metal, weight, and nominal face value. As a one-year distinction, 2017 coins carry a subtle 50th anniversary privy mark on the reverse, which sets this first-year issue apart from later dates.
When introduced, the 2017 Silver Krugerrand broadened the reach of the Krugerrand name to silver investors. The premium uncirculated strike targeted buyers seeking a widely recognized 1 oz sovereign silver coin for stacking and liquidity, while the proof strike provided a low-mintage, high-finish option for numismatists. Although each coin is legal tender for 1 Rand, it trades in the market primarily for its silver content and the prevailing premium over spot.
Highlights
- First silver issue of the Krugerrand series, launched in 2017 for the 50th anniversary.
- Minted by the South African Mint in .999 fine silver; each coin weighs 1 troy ounce.
- Two formats: premium uncirculated (mintage cap of 1,000,000) and proof (limited to 15,000).
- Obverse: Paul Kruger portrait by Otto Schultz with the bilingual country legend.
- Reverse: Coert Steynberg’s springbok, split date, and “FYNSILWER 1 OZ FINE SILVER R1” inscription.
- One-year-only 50th anniversary privy mark on 2017 issues.
- Recognized worldwide; designed for efficient stacking, portfolio diversification, and straightforward resale.
Design, Specifications and Mintage
The 2017 South Africa Silver Krugerrand carries forward the classic art of the gold series, translated into .999 fine silver for the first time. The premium uncirculated coin shows a refined satin-like finish suited to bullion buyers who value a clean presentation, while the proof variant offers deeply mirrored fields and frosted devices that accentuate the sculptural details of Kruger’s portrait and the springbok. The South African Mint limited the proof to 15,000 pieces and capped the premium uncirculated mintage at 1,000,000, giving collectors clear parameters for scarcity in this debut year.
As the inaugural silver release, the 2017 issue often draws additional interest beyond intrinsic value, particularly due to its anniversary privy and defined mintages. Investors who prioritize the lowest premium may compare delivered prices of the 2017 coin versus later dates or consider random-year Silver Krugerrands when seeking the most cost-effective stacking option. As always, total cost depends on market conditions, payment method, shipping, and availability.
How to Compare Premiums on the 2017 Silver Krugerrand
To find the best deal on a 2017 South Africa Silver Krugerrand, compare the total delivered price, not just the quoted premium over spot. Review quantity breaks, cash or wire discounts, and any payment or shipping fees. Confirm whether the listing is for proof or premium uncirculated, and check condition notes for secondary-market coins. Because the Krugerrand is a globally recognized sovereign silver coin, many buyers prioritize liquidity and consistent mint specifications when deciding between this coin and other 1 oz silver options.
FAQ
Q: Who mints the 2017 South Africa Silver Krugerrand? A: The South African Mint produces the coin as part of the national Krugerrand bullion program.
Q: What are the metal and weight specifications? A: Each 2017 Silver Krugerrand contains 1 troy ounce of .999 fine silver.
Q: Is it legal tender? A: Yes. The reverse shows “R1,” indicating a nominal face value of 1 Rand. In practice, it trades based on its silver content and market premium.
Q: What are the mintage limits for 2017? A: The proof strike is limited to 15,000 coins, and the premium uncirculated strike has a mintage cap of 1,000,000.
Q: What design elements appear on the coin? A: The obverse shows Paul Kruger with the legend “SUID-AFRIKA • SOUTH AFRICA.” The reverse features the springbok, split date, and the inscription “FYNSILWER 1 OZ FINE SILVER R1.”
Q: What makes the 2017 issue distinct from later years? A: It is the first year of the silver series and includes a discreet 50th anniversary privy mark unique to 2017.
Q: How was the coin intended to be used when issued? A: The premium uncirculated coin was designed for bullion investment and efficient stacking, while the proof targeted collectors seeking a low-mintage, high-finish presentation.
Q: Are Silver Krugerrands competitively priced? A: They are widely recognized and often carry competitive premiums among sovereign 1 oz silver coins. Actual pricing varies by market conditions, demand, and dealer fees, so comparing listings is prudent.
Q: Should I choose the proof or premium uncirculated version? A: Buyers focused on the lowest premium generally select the premium uncirculated coin, while collectors who value a limited mintage and special finish tend to prefer the proof. Compare total delivered costs and your intended holding strategy before purchasing.
Q: How can I verify authenticity? A: Purchase from reputable dealers, review clear product photos and specifications, and confirm weight and dimensions on receipt. For higher-value proof coins, preserve original packaging and documentation when applicable.
| Weight | 1 oz |
| Country | South Africa |
| Type | Sovereign Government Bullion |
| Mint | South African Mint |
| Year | 2017 |
| Coins Series | South African Krugerrands |
| Classification | Modern |
| Coins Type | Sovereign Government Bullion |
| Purity | .999 fineness |
| Capsule Size | Capsules are available from Amazon: OnFireGuy 20pcs 39mm Black Ring Coin Capsules & Capsule Tube with Red Cap Lid for 1oz Silver Rounds | Protective Coin Cases for 1oz Silver Buffalo, Copper Rounds and Standard Casino Chips - $24.95 |
| Diameter | 38.70 mm |
| Thickness | 2.84 mm |
| Edge | Reeded |
FindBullionPrices.com tracks prices from some of the most trusted and reputable online bullion dealers to help find the lowest prices on 2017 South Africa Silver Krugerrand.
The silver prices on our site for coins and bullion are updated hourly and adjusted with silver spot price. We give you the tools to compare prices of silver coins from well-reviewed bullion dealers.
Comparing prices for Silver Krugerrands across multiple bullion dealers help to ensure that you pay the lowest price.
Our Closest to Spot tool can help you find the lowest premium when you are ready to buy silver coins.
Shop more silver coins from South Africa.
