What is a South African 1 oz silver krugerrand coin?
A Kruger Rand is silver bullion known as Krugerrand which is struck from.999 pure silver and is the most demanded silver bullion coin worldwide. The observation of the 2020 1oz silver Krugerrand coin features a famous picture of Paul Kruger, the country’s very first president. The reverse if the 1oz Krugerrand silver coin design has a perfect illustration of Springbok antelope or “bookie, a national animal of South Africa.
The Springbok species are found throughout the southern parts of Africa, especially with a large population living within the boundaries of South Africa.
Are 2020 1oz Krugerrand Silver Bullion seen as a good investment?
The one ounce silver South African Krugerrands were first sold in 2017 following 50 years of success of the world-famous Gold Krugerrand. Gold Krugerrand coins were the only bullion coin offered globally by the South African Mint. The first Gold Krugerrands coins were minted to promote the large gold reserves of South Africa. South Africa wanted to offer a variety of gold bullion coins to investors and collectors.
The silver krugerrand which is seen as a much cheaper investment has seen huge demand across the collectors and investors around the world.
An interesting fact about the gold Krugerrands it has no face value, the gold coin is allowed to move freely within the precious metal market according to the price of gold.
How much is a silver Krugerrand worth?
Compared to the gold coin, the silver Krugerrand holds its money value of 1 Rand. Despite the fact that it comes with a nominal value, the real value of coins depends on numerous factors. The real worth of the coin firstly depends on its weight, purity of the fine silver metal, and not forgetting its recognised market value at the time of sale.
(Our publications do not offer investment advice and nothing in them should be construed as investment advice.)
Quality and Craftsmanship of krugerrand 1 Ounce Silver Bullion
The quality and craftsmanship of the South African Mint are unbeatable. The 1oz silver coins are produced by the South African Mint and Rand Refinery. If you are considering stacking silver then the 1 ounce silver krugerrand coin will not disappoint you at all. With the immaculate finish and crisp design, it will sure to be a winner within your silver stack.
All our range of silver coins come in an air-tight protective snap coin case and are posted with fully insured free delivery within the UK – bullion. Call us today if you are looking to buy silver krugerrand in multiples of 25 bullion tubes.