As the world’s first investment gold bullion coin, the South African Krugerrand has always been a force to be reckoned with. Even though the coin has become one of the most sought-after among investors and collectors, the South African Mint chose not to include a matching silver coin in its program. However, in 2017, the mint surprised us all by releasing its first-ever Premium Uncirculated South African Silver Krugerrand.
On the reverse of the South African Silver Krugerrand is the symbolic image of a Springbok antelope. Above the antelope is a special 50th anniversary mint mark. As each coin features inscriptions in both English and Afrikaans, the obverse displays not only the year of minting but also KRUGERRAND and FYNSILWER 1 OZ FINE SILVER R1. The reverse displays a left-portrait of Paul Kruger, South Africa’s only president, along with the engravings SUID-AFRIKA and SOUTH AFRICA.
All South African Silver Krugerrands contain 1 troy oz. of .999 pure silver and have been digitally enhanced with the latest technology. In addition to the Premium Uncirculated Krugerrand, the South African Mint released a 10 oz. fine silver proof version in 2017 as well.
The South African Silver Krugerrand hasn’t been around for very long as it was only introduced in 2017. It is now one of the most talked about products to come from the South African Mint, especially as no one thought they’d ever get the chance to own a silver version of the Krugerrand. While the Gold Krugerrand has been minted since 1967, the South African Mint showed no signs of adding a silver coin to the program for 50 years. Then, in 2017, the world’s first Silver Krugerrand was released.
It may have taken the South African Mint five decades, but many believe it was well worth the wait. The mint decided to release a silver version of its ever-so-popular Gold Krugerrand in 2017 because they thought it would be the most fitting way to mark the 50th anniversary of the gold coin. There is, however, a limited mintage of only 1,000,000 Silver Krugerrands, instantly making it a must-have piece for every portfolio and collection.
Each Premium Uncirculated Silver Krugerrand is crafted with state-of-the-art laser etching technology to enhance the engravings, shading and gloss on the coin. This technology was not available when the Gold Krugerrands were struck in 1967, giving the Silver Krugerrand a distinctive edge.
As part of the 50th anniversary celebration of the Gold Krugerrand, the South African Mint also decided to release a proof Silver Krugerrand containing 1 troy oz. of .999 pure silver. The proof coin has the same obverse and reverse designs as the Premium Uncirculated Silver Krugerrand, as well as the unique 50th anniversary mint mark.
The 1 oz. Proof Silver Krugerrand also features exceptional gloss to highlight the unmistakable Krugerrand details and has been hand positioned and pressed several times at a lower weight. This process is necessary to ensure the details are transferred correctly and each proof coin displays a stunning gloss finish. Like the bullion version, the South African Mint has also limited the mintage of its proof silver Krugerrand, but to just 15,000 coins.
If you’ve always dreamed of owning a South African Krugerrand but haven’t been able to stretch your budget to a gold coin, the Silver Krugerrand is the affordable solution you’ve been waiting for. Still featuring the same timeless design of the original Gold Krugerrand, but with outstanding enhancements, the Silver Krugerrand is a masterpiece that will make a fabulous addition to your personal collection.
You need to remember that the limited mintages of both the Premium Uncirculated and Proof Silver Krugerrands create investment appeal, making them a big hit with investors too. Plus, the Silver Krugerrand marks the first-ever silver coin to feature in the long-running Krugerrand program and, as you can imagine, has taken the world by storm since its release in 2017. It won’t be long before all new versions of these coins are snapped up.
We also don’t know whether the South African Mint will ever release more Silver Krugerrands once the 50th anniversary program coins sell out. If you want to purchase new coins never touched by anyone other than the South African Mint, you’ll need to act fast. Please feel free to get in touch with Capital gold Group for more information and advice on how to acquire these stunning silver coins.