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1oz South African Silver Krugerrand Coin

Tavex is pleased to present the brand new South African Krugerrand Silver Bullion Coin, the silver version of ... read more
We sell We buy Spread
1-24 £25,61
£17,15 48.27%
25-99 £25,49
£17,15 47.59%
100-499 £25,37
£17,15 46.90%
500+ £24,89
£17,15 44.17%
Royal Mail Tracked - £5,00
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Delivery costs start from £5,00
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Introduction

Tavex is pleased to present the brand new South African Krugerrand Silver Bullion Coin, the silver version of the World’s first legal tender gold bullion coin. First minted in 1967, the Krugerrand gold coin was introduced 1967 as a vehicle for private ownership of gold. In 2017, the 50th anniversary of the Krugerrand gold coin was celebrated with the launch of the special edition Krugerrand silver coin with a special 50th-anniversary Mint mark. In 2018 the first 1 oz Krugerrand silver bullion coin was released at a low premium over the prevailing spot price of silver. The coin bears the same design as the original gold coin with the portrait of Paul Kruger, the former president of the Republic of South Africa. Unlike gold coins, silver bullion has the nominal value of 1 South African Rand.

Krugerrand is an iconic brand that has withstood the test of time. According to global investors, the Gold Krugerrand’s popularity and investment value have made its new silver Krugerrand bullion coin highly anticipated and hoped for. In light of many competing investments, the Krugerrand maintains that an investment in silver represents the peace of mind that the modern investor seeks.

Why Buy

  • The Krugerrand silver coins are money. Krugerrand silver coins have the nominal value of 1 Rand; they are legal tender in South Africa and are accepted and exchanged worldwide.
  • The Krugerrand silver coins are brand new bullion coins by the world-famous South African Mint. Krugerrand is an iconic brand that has withstood the test of time.

Buying silver items means low risks and maintaining wealth

Silver's value has grown over the years making it good to maintain or grow wealth.

  • Product value (1pc)
    £25,61
  • Buyback price
    £17,15
  • Your risk now
    £8,46

Fact: silver price in GBP has risen -4.36% in the last 10 years. The lowest price was GBP/oz8,97 and the highest GBP/oz22,73. Current world market price is GBP/oz17,52

History

The word "Krugerrand" is derived from Paul Kruger's name and the monetary unit of South Africa, the rand, which is associated with the Witwatersrand "the ridge of white water" – the gold producing area discovered in 1886 in South Africa. The Springbok displayed on the coin's obverse is South Africa's national animal. The Springbok or Antidorcas marsupialis is characteristic for its jumping display. The Aloe Claviflora is one of the most well-known South African aloes. This plant is widespread in the dry interior of South Africa, an area in which the Springbok is also abundant. The design of the obverse is modelled by the renowned South African sculptor Coert Steynberg. The die-engraver Otto Schultz creates the portrait of the President.

Unlike golden Krugerrands, which bear no nominal value and are linked to its fine gold content, with the prevailing market price of gold, silver Krugerrands have the nominal value of 1 South African Rand. However, as bullion coins, they carry no monetary face values other than their weight in silver.

 

Krugerrand silver coins portray President Kruger. 

The obverse of the Krugerrand silver coin depicts Stephanus Johannes Paulus Kruger, former President of the Transvaal Republic. Kruger would rise to international fame as the head of the Boer resistance against British forces in the late 19th century. The Boers, predominately Dutch-speaking settlers from Europe who lived in South Africa, tired of being ruled by the British Empire, decided to create their own independent country under the name Transvaal. Paulus Kruger, a descendant of the Boers, would become a leading figure in the Boer quest to become a self-governed nation inside the territories of British controlled South Africa. 

Kruger came from a simple background; born on a farm in 1825 in South Africa, he lacked any formal education, although his proficiency in hunting and horse riding would prove to be useful during his military service in the Transvaal army. He advanced fairly quickly in the army ranks and by his early 40s was already promoted to Commandant-General of the Transvaal forces. However, Kruger's skills went beyond being a soldier since he was a fine diplomat as well. In 1877, when the Boers clashed for the first time against Britain, Kruger, through diplomatic means, secured a victory for the Boers. The victory boosted his popularity, and as a result, he was elected President of the Transvaal Republic in the general elections that followed three years later.  

 

The South African gold-mining industry created the Krugerrand gold coin. 

South Africa was the largest gold mining nation during the mid 20th century, contributing almost 50% to the annual global mine supply. To more easily sell this abundant supply of gold, the South African gold mining industry came up with the idea to develop a circulating gold bullion coin that would exclusively contain gold from the South African mines. The idea was approved by the South African Central Bank, which authorized the legal tender Krugerrand gold coin. The Krugerrand gold coin was struck for the first time in 1967 by the South African Mint. It would prove to be the most successful gold bullion coin ever issued by the Republic of South Africa. The South African mint has struck its first legal-tender silver and platinum Krugerrands as part of the 50th anniversary of the flagship gold bullion coin.

 

The South African Krugerrand contains gold from the richest deposit on earth. 

Unfortunately, the peace between the Boers and the British did not last long, as large gold deposits were found inside the territories of the Transvaal Republic in an area called Witwatersrand. Even to this date, the Witwatersrand region is home to some of the richest gold deposits on earth. It is believed that almost 45% of all the gold ever mined on earth has come from this rich South African gold region. The British, determined to secure control over these vast riches, sent a huge force, by some estimates over 400,000 people strong, to combat the Boers. The Boers, greatly outnumbered by the British force, lost the war, and Transvaal was absorbed into the British Empire in 1902. President Kruger, who managed to escape to Europe, never set foot again in Africa. He died in exile in Switzerland on 14 July 1904.

 

The South African Mint

South Africa was the largest gold mining nation during the mid 20th century, contributing almost 50% to the annual global mine supply. To more easily sell this abundant supply of gold, the South African gold mining industry came up with the idea to develop a circulating gold bullion coin that would exclusively contain gold from the South African mines. The idea was approved by the South African Central Bank which authorized the creation of the legal tender Krugerrand gold coin. The Krugerrand gold coin was struck for the first time in the early 1970s by the South African Mint and would prove to be the most successful gold bullion coin ever to be issued by the Republic of South Africa. 

Product weight in grams
31.1346
Silver weight in grams
31.10347
Fineness
999
Silver weight in troy ounces
1
Diameter
38.725
Thickness
-
Face value description
1 Rand
Manufacturer
The South African Mint, South Africa

Obverse

The obverse of the silver coin features the portrayal of the beloved former President of South Africa – Paul Kruger. The silver coin bears the same image as the gold Krugerrand, inspired by the portrait used on the 1892 South African Gold Pond Coin. Around the portrait is inscribed "SUID AFRIKA SOUTH AFRICA".

Reverse

The reverse of the coin showcases a Springbok – a medium-sized antelope native to the open, treeless plains of southern Africa – portrayed bounding across the savannah. "KRUGERRAND" is inscribed above the animal; the coin also features the year of the mintage on the sides and silver content "FYNSILWER 1OZ FINE SILVER" and nominal value R1.

Packaging

Each coin is individually packaged in a transparent plastic capsule. Multiples of 25 are available in original mint sealed tubes. For bulk purchases, we stock original South African Mint sealed boxes which contain 20 tubes with twenty-five Krugerrands to a tube (500 coins in total). Tavex can also provide decorative cases for coins.

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