2024 1 oz South African Silver Krugerrand Coin BU

2024 1 oz South African Silver Krugerrand Coin

Silver Krugerrands were first minted to be a commemorative edition of their counterparts, the Gold Krugerrands, which were celebrating their 50th anniversary.

As soon as the South African Mint introduced them in the market, collectors’ and investors’ high acceptance turned Silver Krugerrands into an annual edition coin.

Besides carrying historical elements in their designs, Silver Krugerrands hold legal tender status and face value fully guaranteed by its original nation. They weigh 1 oz of 99.9% fine silver, which makes them a sensible option for those who desire to acquire physical silver bullion and provide diversity to their investment portfolios.

Coin Highlights

• Contains 1 oz of .999 fine silver;
• 7th issue of the silver coin;
• A commemorative coin that turned into an annual edition;
• Holds a face value of 1 rand;
• Paul Krugerrand’s effigy stamps the obverse;
• The reverse showcases the Springbok Antelope.

The Design

The obverse portrays Paul Krugerrand, a key personality during the South African fight for independence. The country’s name in English and Afrikaans flanks the leader’s left-profile bust.

The traditional reverse design displays the Springbok Antelope, a native animal that became a national symbol. The inscription “KRUGERRAND” arches over the animal’s depiction, while “FYNSILWER 1 OZ FINE SILVER R1” referring to metal content, weight, and face value are on the bottom, and the year of issuance completes the image.

The Krugerrand Series

The first Krugerrand coin the South African Mint produced was a 22k 1 oz gold one in 1967, aimed to be South Africa’s official bullion coin. 

And for a while, Gold Krugerrand coins were the only gold coin available in the market for private investment, attracting investors, collectors, and other precious metals refineries worldwide.

In 2017, celebrating the Gold Krugerrand 50th anniversary, the SA Mint released a commemorative silver coin with the same standard design but holding a face value of 1 Rand.

The massive success of Silver Krugerrands made them a permanent item in the series, with annual strikes accompanying its gold counterpart.

Buy 2024 1 oz South African Silver Krugerrands at SD Bullion

Buy the 2024 1 oz South African Silver Krugerrands online today from SD Bullion. Whether you are a passionate numismatist or a savvy investor, don’t miss out on this opportunity to own a piece of South African rich history.

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