2022 South Africa 1 oz Silver Krugerrand BU

SKU: silvercoin000600

$36.99

Product details

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Weight 1 oz
Dimensions 38.7 × 38.7 × 2.84 mm

Description

The South African Krugerrand is the world’s oldest gold bullion coin issued for investment and collection. The series launched in 1967 with only gold coins and was intended to help market South African gold to the world. In 2017, the first-ever silver coin in the series was released.

Coin Highlights:

5th year of availability in the South African Silver Krugerrand Series!
Contains 1 Troy oz of .999 pure silver in BU condition.
Issued a face value of 1 Rand (R1) by South Africa.
Paul Kruger on the obverse.
A Springbok antelope on the reverse.
Krugerrand coins once dominated the precious metals marketplace. In the early decades of gold bullion coining, the South African Krugerrand’s 1 oz gold coin accounted for 90% of gold bullion coins worldwide. The introduction of other gold bullion coin programs in the 1980s, combined with an economic boycott by Western nations, cut into the dominance of the Krugerrand.

Today, however, the South African Krugerrand Series remains one of the most trusted and popular coins with investors. In 2017, the South African Mint marked the 50th anniversary of the series with the launch of a first-ever Silver Krugerrand. The move proved so popular that the mint made the Silver Krugerrand an annual release and expanded its reach in the market to silver buyers in the process.

Paul Kruger features on the obverse of all 2022 1 oz South African Silver Krugerrand Coins. This design has featured on the coins of the Krugerrand series since 1967, when the gold coins were introduced. It was originally designed in the 1890s and used on the historical South African Pound coinage.

A Springbok antelope is found in the reverse design of 2022 South African Silver Krugerrand Coins. This is also a historic coin design in South Africa that was first used in the 1930s, and it depicts a Springbok as it moves along the plains.

Denomination: 1 Rand
Metal Content: 1 oz
Thickness: 2.84 mm
Diameter: 38.7 mm

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