Buy silver Krugerrands 

Why buy silver Krugerrands?

Investment and value

Buying a silver Krugerrand coin is often seen as a solid investment. Historically, silver has maintained and even increased its value during times of economic uncertainty. By purchasing silver in the form of coins, investors can own a tangible form of wealth that is less susceptible to inflation and market fluctuations.

Iconic design

The coins feature a unique design with the portrait of Paul Kruger, the fifth president of the South African Republic, and the iconic springbok antelope. These historical and aesthetic elements make the coin a valuable addition to any collection.

Liquidity

Another advantage of owning Silver Krugerrand Coins is their high liquidity. These coins are recognized and accepted worldwide, meaning they are easily tradable. This provides investors with flexibility and convenience when they sell or buy silver.

Features of the silver Krugerrand coin

The silver Krugerrand has a purity of 99.9% (999/1000), meaning each coin consists almost entirely of pure silver. The coin weighs 1 troy ounce (31.1035 grams) and features the same iconic designs as the gold Krugerrand coin: the portrait of Paul Kruger on the obverse and the springbok antelope on the reverse.

The value of the silver Krugerrand is entirely based on the intrinsic value of the silver, unlike other silver coins that often have a specific value in a particular currency (although also tradable for the silver price).

History of the Krugerrand series

Origin

The Krugerrand is undoubtedly one of the most iconic coins in the world, both in gold and silver. The option to buy gold Krugerrand coins was first introduced in 1967 by the South African Mint and the Rand Refinery. The coin was created with the aim of promoting private ownership of gold and making it accessible to ordinary citizens. At that time, South Africa was one of the world's largest gold producers, and the introduction of the Krugerrand offered a new way to distribute this wealth globally.

The name "Krugerrand" is a combination of "Kruger" and "rand." Paul Kruger, whose likeness is featured on the coin, was the fifth president of the South African Republic and a prominent figure in the country's history. The "rand" is the currency of South Africa, and the name also refers to the Witwatersrand, the area where most of South Africa's gold was mined.

Global impact

In the 1970s and 1980s, the Krugerrand reached its peak of popularity, accounting for more than 90% of the global gold coin trade. This was largely due to the increased demand for gold as a safe haven during economic uncertainty and inflation. The Krugerrand played a crucial role in making gold accessible to private investors.

However, the political situation in South Africa, particularly apartheid, led to international sanctions against the country. This included a ban on the import of Krugerrand coins in various countries, including the United States. Despite these restrictions, the Krugerrand remained popular and became a symbol of value and stability.

Introduction of the silver Krugerrand

In 2017, to mark the 50th anniversary of the gold Krugerrand, the South African Mint introduced the silver Krugerrand. This new addition to the Krugerrand family was warmly received by both investors and collectors. The silver Krugerrand follows the same principles as its gold counterpart: accessibility, purity, and high quality.

A coin without nominal value

An interesting aspect of the silver Krugerrand coin is that it does not have a nominal value. Unlike many other silver coins that have a specific value in a particular currency, the value of the Krugerrand is mainly based on the intrinsic value of the silver itself. This makes the coin attractive to investors who want to benefit from the price of silver instead of worrying about exchange rates.

Production of the silver Krugerrand

The production of the silver Krugerrand is carried out by the Rand Refinery, the same institution responsible for the gold Krugerrand and one of the largest and most renowned gold refineries in the world. The Rand Refinery has a long history of excellence in the production of precious metal products, ensuring a high level of trust in the quality and authenticity of the silver Krugerrand.

Since its introduction in 2017, the silver Krugerrand has become a popular investment product and collectible. The coin is now recognized and valued worldwide, just like its gold counterpart.

Buying a Krugerrand Monsterbox (500 x 1 Oz coins)

For serious investors and collectors, the Krugerrand Monsterbox is an excellent option. A Monsterbox contains 500 silver Krugerrand coins, each weighing 1 ounce. These boxes not only offer a significant amount of silver in one purchase but also come with the added benefit of convenience and security. The coins are securely packaged in a sturdy box, making storage and transport easy.

Bulk savings

Buying silver coins in bulk can be cost-effective. When purchasing larger quantities, the premium per coin is often lower than when making individual purchases.

Safety and storage

A Monsterbox offers a safe and organized way to store a large number of silver coins. The sturdy packaging protects the coins from damage and makes it easy to keep your investment secure.

Ease of trading

A Monsterbox makes it easy to trade silver coins in larger quantities. This can be convenient for investors who want to quickly respond to market changes and expand or sell their silver holdings.

Buy silver Krugerrands today

The Krugerrand, both in gold and silver, has a rich history and remains a symbol of value and stability. The introduction of the silver Krugerrand in 2017 has expanded the tradition of this iconic coin and offered new opportunities for investors and collectors. With high purity, iconic design, and the support of the Rand Refinery, the Krugerrand offers a valuable addition to any portfolio. Whether you choose individual coins or a Krugerrand Monsterbox, you can trust that you hold a high-quality product with lasting value. Invest wisely, store securely, and enjoy the beauty and value of the silver Krugerrand coin.