The 1 oz silver Krugerrand coins from South Africa are bullion coins containing 1 troy ounce of pure 999.9 silver. The coins are additionally issued by the government of the Republic of South Africa with a face value of 1 Rand (R1). The South African Mint, one of the most respected mints in the world, is responsible for their production. The name Krugerrand 1 oz coin is a combination of the words Kruger (the surname of one of South Africa's national heroes) and Rand (the name of South Africa's currency). The silver bullion coin from Africa is therefore legal tender, guaranteed by the local government of South Africa.
Discover the history of the 1 oz Krugerrand silver coin!
The history of the Krugerrand began in 1967, when the South African Chamber of Mines was looking for a way to promote local gold. The idea of minting its own gold coin proved to be a hit, and today the Krugerrand is the most recognizable bullion coin in the world. In 2017, 50 years after its launch, the Krugerrand was minted in silver for the first time.
The silver Krugerrand oz is a long-awaited complement to the classic gold version. The international reputation and highest quality behind the South African mint guarantee the security of your investment. An added value is the fact that this year's issue is only the second in history. The 1 oz silver Krugerrand bullion coins have exactly the same designs as their gold counterparts. However, they differ in one important aspect – while gold coins have never had a face value, the 1 oz silver Krugerrand coin actually has a face value of 1 Rand.
What does a 1-ounce Krugerrand silver coin look like?
The obverse of the coin features a portrait of Paul Kruger, the distinguished president of the Transvaal who fought for independence. His image is based on the original 1892 Kruger die cast, which was intended for use in South African pound denominations. The strong emphasis on independence is also evident on the Krugerrand 1 oz silver coin, with the inscription "South Africa" in Afrikaans and English along the edge of the coin.
The reverse of the Krugerrand features the silhouette of a springbok antelope, one of South Africa's national symbols. The year of minting is shown on either side of the animal. The name of the coin, the metal from which it is made, and its weight are shown along the edge.
Order a 1 oz silver Krugerrand coin
When you buy 1 oz silver Krugerrand bullion coins, you will receive coins in excellent condition, uncirculated. All investment products offered by Mennica Skarbowa are authentic, as verified by accreditation centers cooperating with mints and refiners affiliated with the prestigious LBMA organization. It also guarantees the sale of silver coins at current market prices – the value of the metal is updated twice a day! A 1 oz silver Krugerrand as a gift for your loved ones! Silver bullion coins such as the 1 oz Krugerrand are not only a good way to store your assets in a safe form. They are also a great gift option for your loved ones for various occasions. The Krugerrand 1 oz, with its unique aesthetics, is sure to delight the recipient, who will receive such a gift as a wish for financial prosperity. Precious metals are therefore not only a way to protect capital and diversify your investment portfolio, but also a new type of gift, perfectly replacing inelegant envelopes with money.