Silver Krugerrands

The Gold Krugerrand is the grandfather of modern bullion. The coin was first issued in 1967 and has a complex history that was heavily influenced by Western boycotts due to apartheid. For decades, only a gold version of the series was minted even as other countries introduced silver annual silver issues to go along with their gold ones. In 2017, the Gold Krugerrand marked its 50th anniversary, and the South African Mint issued the first ever Silver Krugerrands to mark the occasion. The 2017 edition was Premium Uncirculated, and it was followed in 2018 with the first ever bullion Silver Krugerrand. Now, Silver Krugerrands are establishing their place among the world’s most coveted annual silver issues. Keep reading to learn more about this relatively new addition to a long-standing numismatic tradition and to pick up one for your collection.

Silver Krugerrand Coin 1oz South AfricaSilver Krugerrand Coin 1oz South Africa
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Premium Uncirculated Silver Krugerrand

The inaugural Silver Krugerrands in 2017 were considered “Premium Uncirculated.” They were so described because of their brilliant, bright finish. While annual issues of Silver Krugerrands are sure to be popular for years to come, inaugural issues often hold a special place in the heart of collectors.

South African Krugerrand Proofs

Since 2017, the South African Mint has struck a very limited number of Silver Krugerrand Proofs. The stunning finishes offer collectors the opportunity to appreciate the designs of the highly acclaimed gold coin not only in silver, but also with a stunning finish that brings out every element of the coin’s iconic designs. Just 15,000 Silver Proofs were struck in the first two years of the Silver Krugerrand Series, but that was expanded slightly to 20,000 pieces in 2019.

Classic Krugerrand Designs

The Silver Krugerrand features the same design as its much older gold counterpart. On the obverse is Otto Schultz’s portrait of Paul Kruger. Kruger served as the third President of the South African Republic. Admired by some and reviled by others, his status as a giant in the nation’s history is beyond dispute. Scultz’s design shows him in left-side profile with his characteristic long, thick beard. His effigy is flanked by two inscriptions, the name of the issuing country in Afrikaans, “SUID-AFRIKA,” and English, “SOUTH AFRICA.”

The reverse bears Coert Steynberg’s springbok antelope design. The creature bounds gracefully across a field with its head turned to the right of the holder, giving them a clearer view of its face. The animal is so closely associated with the nation that issues the Krugerrand that South African international sports teams are nicknamed “the Springboks.”  The date of the coin is split to either side of the animal, with the first two digits on the left and the last two on the right. Arching over the animal is the name of the coin, “KRUGERRAND.” Inscriptions along the bottom portion of the rim offer the coin’s weight in its native Afrikaans and English, “FYNSILWER 1 OZ FINE SILVER,” and the coin’s face value, “R1” (1 Rand).