Homepage / Bullion Coins: S. African Bullion / South African Krugerrand Silver Coin

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Updated on 03/11/2024

South African
Silver Krugerrand

2017 to Present

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50th Anniversary Privy

In 2017, the South African Mint released a Silver Krugerrand to commemorate the 50th Anniversary of the original release of the Gold Krugerrand bullion coin.

Minted in 'Premium Uncirculated' condition, the 2017 Silver Krugerrand had a special privy on the reverse side of the bullion coin celebrating the anniversary.

2017 1oz. Silver Krugerrand Premium Uncirculated Coin

In 2018, after the successful release of the Silver Krugerrand's Anniversary Edition, the South African Mint decided to start minting the Silver Krugerrand, with a purity of .999 fine silver, annually.

2018 1oz. Silver Krugerrand Bullion Coin

You can see the subtle differences between the coins when you compare the 2017 Silver Krugerrand Premium Uncirculated coin with the 2018 Silver Krugerrand bullion coin.

The first difference is the mirror, proof-like surfaces of Paul Kruger and the Springbok Antelope on the Premium Coin, the other being the lack of the Privy Mark on the 2018 bullion coin.

Design of the
South African Silver Krugerrand

Obverse

The obverse side of the South African Silver Krugerrand displays the portrait of Paul Kruger.

Inscriptions:

• SUID - AFRIKA - South Africa written in Afrikaans, the native language of South Africa
• SOUTH AFRICA - South Africa written in Enlish

The Edge of the silver bullion coin is reeded.

Coin photo provided courtesy of SD Bullion

Reverse

The Reverse side of the Silver Krugerrand features the Springbok Antelope, one of the national symbols of South Africa.

Coert Steynberg designed the reverse side of the Krugerrand; he was a renowned South African sculptor and medalist worked in stone, marble, bronze, copper, and wood.

Inscriptions:

• CLS - Coert Stevnberg's initials 
• KRUGERRAND
• Year of Issue - divided on both sides of the Springbok Antelope
• FYNSILWER 1OZ FINE SILVER -  representing the Silver Krugerrand's weight and fineness in Afrikaan and English
• face value of "R1" - representing 1 Rand
  

Coin photo provided courtesy of SD Bullion

History of the
Gold Krugerrand

The Gold Krugerrand is the World's most circulated gold bullion coin.

The bullion coin gets its name from the popular four-term President of the old Republic of South Africa, Paul Kruger 1883 - 1900 (pictured), and the Rand, the South African currency.

In 1966, the South African Reserve Bank authorized the Rand Refinery Ltd. to manufacture gold blanks and the South African Mint to strike the blanks into Krugerrand gold bullion coins.

South Africa began minting the Gold Krugerrand in 1967.

For the first three years of production, the South African Mint minted only 40,000 of the Gold Krugerrand; the bullion coin wasn't mass produced until 1970.

In the 1970s and 1980s, South Africa's policy of apartheid brought economic sanctions against the country from many Western countries, which made the Krugerrand illegal to import.

In 1994, South Africa's international sanctions were lifted when they abandoned apartheid. The Gold Krugerrand regained its status as one of the world's leading gold bullion coins.

1 oz. Silver Krugerrand
Coin Information

2017

Introduction:.........2017

IRA Approved:.......Yes

Grade:..................Premium Uncirculated

Face Value:...........R1 - One Rand

Silver Content:......1 troy oz. (ozt.)

Total Weight:........31.103 grams

Purity:..................999 per mille

Diameter:.............38.725mm

Thickness:............2.84mm

Designers:............Otto Schultz (obverse) & Coert Steynberg (reverse)

Mint Mark:............No

Privy Mark:...........Yes (1967 - 2017 50 Year Anniversary)

Edge:...................Reeded

1 oz. Silver Krugerrand
Coin Information

2018 to Present

Introduction:.........2018

IRA Approved:.......Yes

Grade:..................Uncirculated

Face Value:...........R1 - One Rand

Silver Content:......1 troy oz.

Total Weight:.........31.103 grams

Purity:...................999 per mille

Diameter:..............38.70mm

Thickness:.............2.84mm

Designers:.............Otto Schultz (obverse) & Coert Steynberg (reverse)

Mint Mark:.............No

Privy Mark:............No

Edge:....................reeded

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1oz. S. African Silver Krugerrand
Mintage Figures:

Year       Mintage

2017........1,000,000....Premium Uncirculated 50th Anniv. Edition

2018........na

2019........na

2020........na

2021........na

2022........na

2023........na

na = not available

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