Buy Silver Krugerrands Online at the Lowest Price
The South African Silver Krugerrand, introduced in 2017, became a popular choice in the numismatic market and is among the best silver bullion coins worldwide.
Created to be a commemorative strike of limited mintage, it soon conquered investors’ and collectors' preferences due to its recognizable value as the sibling of an iconic coin: the Gold Krugerrand.
The success of this limited strike made Silver Krugerrands an annual edition coin, with imprinted denomination and legal tender status, fully backed by the South African government.
The South African Silver Krugerrand History
The South African Mint introduced Silver Krugerrands in 2017 as a commemorative strike for the 50th Anniversary of the Gold Krugerrand, released in 1967.
The commemorative sample contained 1 Troy oz of .999 pure silver, imprinted with a proof finish that enhanced the original iconic design from the gold counterpart.
The first time it was issued, that is, the 2017 edition, bears a unique privy mark. Above the antelope's image, a small circle encloses the number '50,' indicating the 50th anniversary of the coin series. In addition, the silver coins have a face value of 1 rand, unlike the gold ones, which do not present any face value engraved on the coin.
The high acceptance of this commemorative strike made it a regular release. In 2018, in addition to proof versions, bullion coins and a second size variation, the 2 Troy oz coin, were included.
The South African Mint classifies the Krugerrand silver bullion coins as ‘Premium Uncirculated' to indicate the premium quality of precious metal used to strike each coin and the top-of-the-line laser etching used to infuse new life into the designs.
The South African Krugerrand Design
Krugerrand coins share the same design, with relevant historical meaning. They showcase former president Paul Kruger and the Springbok Antelope.
The Obverse side
The obverse portrays Paul Kruger’s effigy, the fifth president of the South African Republic, who played a vital role in political and military history during the Second Boer War. The portrait was designed by Otto Schultz. South Africa’s name is inscribed in English and Afrikaans, "SOUTH AFRICA" and "SUID-AFRIKA," representing the nation's bilingual heritage.
The Reverse side
The reverse depicts the springbok antelope, South Africa’s national animal, leaping across the landscape designed by Coert Steynberg. The image celebrates the nation's wildlife and unity. The inscriptions refer to the coin’s name, metal content, and weight.
Unlike the gold bullion coin, Silver editions are imprinted with the coin’s monetary denomination in rands, the official currency.
Silver Krugerrand Variation
The South African Mint produced Silver Krugerrands in bullion and proof versions featuring the same design.
Proof coins have an enhanced appearance because their surfaces exhibit a mirror-like luster while the design elements imprinted on them are matte, making an interesting contrast.
In addition to the traditional 1 oz option, the series also comprises a 2 Troy oz coin.
Besides the coins, celebrations for the 50 years from the release of the Krugerrand program included the production of a Krugerrand Silver Bar. In this piece, the 1 oz coin neatly sits inside a 2 oz bar, totaling 3 oz of .999 fine silver.
The South African Mint
The South African Mint was founded in 1890 in Centurion, Gauteng. It was initially established as the nation’s first official refinery and became a branch of the British Royal Mint in 1923 before regaining its independence in 1941. Today, it collaborates with the South African Reserve Bank, crafting circulation coins for the rand, South African currency.
The Krugerrand coin is produced through a successful partnership with the Rand Refinery, the only LBMA-accredited refinery in Africa. This ensures that the coin meets global standards of purity and quality.
Buy Silver Krugerrand Coins Online
SD Bullion offers an extensive collection of Silver Krugerrands. We have an easy checkout process and accept a variety of payment methods. Moreover, all your purchases are shipped securely and discreetly.
If you require assistance from our customer service, please call 1(800)294-8732 or use our web chat feature during regular business hours.
FAQs
What’s the difference between a Silver Krugerrand, a Silver Maple Leaf, and a Silver Eagle?
It comes down to origin, design, and silver purity. The Krugerrand coin is from South Africa, Maple Leafs from Canada, and Silver Eagles from the U.S. All weigh 1 troy oz, but Maple Leafs are slightly purer at 99.99%, while the others are 99.9%. Each coin also shows off unique national symbols and artwork.
Why did South Africa start making Silver Krugerrands so recently?
Silver Krugerrands were launched in 2017 to celebrate 50 years of the iconic Gold Krugerrand. The anniversary edition was a hit, so South Africa decided to keep the momentum. Starting in 2018, they began minting regular bullion and proof versions each year. It was a smart move to offer a more affordable way to own a Krugerrand coin.
Do Silver Krugerrands hold a premium over spot like other bullion coins?
Silver Krugerrands, like other bullion coins, usually cost more than the spot price of silver. That extra cost helps cover minting, distribution, and sometimes a bit of collector demand. However, compared to coins like the Silver Eagle, the premium on the Krugerrand coin is often lower, making it a more budget-friendly choice for stacking silver.
Do Silver Krugerrands come in fractional sizes?
The South African Mint annually crafts Silver Krugerrands in proof and bullion options. Their size options stick to 1 Troy oz and 2 Troy oz. On the other hand, Gold Krugerrands can be found in fractional options: 1/2 oz, 1/4 oz, and 1/10 oz, besides the traditional 1 oz.
Are Silver Krugerrands eligible for a Precious Metals IRA?
IRS’s purity standards for precious metals IRAs demand at least 99.9% purity. Since Silver Krugerrands weigh 1 Troy oz of .999 fine silver, they meet the IRS’s demands. That means you can add them to your retirement portfolio, just like Silver Eagles or Maple Leafs. It’s a smart way to mix physical silver savings with long-term investment planning.
Are there proof or collectible Silver Krugerrands?
The South African Mint makes both. Proof versions have a high-end finish, while bullion ones are called “Premium Uncirculated” thanks to their sharp details and high-quality metal content. They also release special commemorative editions now and then. These coins are great for collectors who love standout designs and top-tier minting techniques.
What years are available for Silver Krugerrands?
The South African Silver Krugerrand started in 2017 with a special proof edition. In 2018, the South African Mint added the bullion version, and both have been released yearly ever since. So you can find Silver Krugerrands from 2017 onward in 1 oz and 2 oz sizes, in both proof and bullion styles, perfect for building a complete collection or adding variety to your stack.
Can I sell my Silver Krugerrands back to SD Bullion?
Yes. Our team is constantly looking to update our inventory. Check out our buyback process (link here) and learn about the three simple steps to sell your bullion to us for a fair price.