First issued in 1967, the South African Gold Krugerrand was the world's first modern gold bullion coin. Its name comes from the man depicted on the coin, President Paul Kruger, and the Rand, a South African monetary unit. As soon as it was issued, it was instantly sought after by collectors all over the world. This demand led many other countries to strike their own gold coins, including the popular U.S. Gold Eagles and Canadian Gold Maple Leafs. However, the Krugerrand is somewhat unique in that it has been proclaimed as legal tender despite having no face value!
Now, to make the 50th anniversary of the "Granddaddy of Gold", South Africa has authorized a limited first-ever issue of Silver Krugerrands! Each Silver Krugerrand is official legal tender, struck in a full ounce of 99.9% pure silver. They bear the same design as the original, with one exception: the special 50th anniversary privy mark!
Coins Highlights:
- First ever Silver Krugerrand Coin
- Limited Mintage of 1,000,000
- Contains 1 troy Oz .999 Silver
- Observe : South African Springbok
- Reverse : a portrait Paul Kruger, the former president of South Africa
- Bears a privy mark to commemorate the 50th anniversary
This 2017 edition is the latest issue of a series that was first introduced in South Africa during the late 1960s. This coin has received approval for Individual Retirement Accounts which means it is ideal for investors. It is offered brand new in Brilliant Uncirculated Condition which means it will be free of any signs of wear, including scratches, contact marks or smudges. It contains a single troy ounce of silver with a purity of 99.9 percent. It has a denomination of one rand and has a sharp, detailed appearance. Anyone who is interested in silver in general and African coinage, in particular, will certainly want to get their hands on this. Do so while supplies last, as Krugerrands tend to sell out quickly.
LPM is a highly regarded precious metals firm that has become the dealer of choice for collectors and investors worldwide. This is due to our unparalleled customer service, excellent prices and insured shipments. We acquire many of our products directly from the mint and can attest to their authenticity, and what you see on our site is what you’ll receive. Buy from us today!
Additional Info
Year | 2017 |
Metal Content | 1oz |
Denomination | ZAR 1 |
Purity | 999 |
Condition | Proof Like |
Country | South Africa |
Manufacturer | South African Mint |
Mintage | 630,000 |
Diameter (mm) | 38.7 |
Edge | Reeded |
Inner Packaging | 25 |
Outer Packaging | 250 |