After the success of South African Gold Krugerrands, the South African Mint introduced South African Silver Krugerrands to the bullion market in 2017. The debut of the Silver Krugerrands was made on the special occasion of the Gold Krugerrand's 50th anniversary.
To emphasize, it has been considered that Krugerrand was the first and foremost 1-ounce bullion coin introduced by the renowned South African Mint. Chiefly, the South African Mint was known for the production of gold around the globe.
In the initial stage, it was decided to produce a limited edition of coins to analyze the marketing demand for Silver Krugerrand. Surprisingly, the interest of investors in these coins rose, which resulted in another edition of coins in 2018. The design of the silver Krugerrand coin is a replica of the remarkable design of the gold collection.
Therefore, the Silver Krugerrands define the same classic design that was presented in 1967.
The famous South African Mint's first production was Gold Krugerrand, which was minted in 1967. It has been seen that the design of Silver Kruger was inspired by Paul Kruger, who was considered a controversial figure in history, especially in the United States.
Its obverse design is much older; the Paul Kruger profile it depicts was initially drafted by artist Otto Schultz in 1892. Kruger himself is a controversial figure, especially in the United States. The United States banned the import of the Gold Krugerrand in 1985. However, the elimination of South Africa's apartheid inspired Americans to cancel U.S. sanctions in 1991.
Known as the elegant and gorgeous collection of the South African Mint, the Silver Krugerrand carries beautiful detailing.
Obverse: On the obverse side of Paul Kruger's portrait, The effigy of Paul Kruger was designed by Otto Schultz. Moreover, Kruger was the first president of an independent South Africa. The image of Paul Kruger on the coin symbolizes Kruger as being proud of South Africa. Apart from that, on the coin, two inscriptions are engraved: one in Afrikaans, "SUID-AFRIKA,” and the second in English, “SOUTH AFRICA.”
Reverse: The reverse side of the coin illustrates the design of the springbok antelope, the national animal of the country. The theme of the reverse side of the Krugerrands coin demonstrates the connection of this animal with the issues of the nation. On behalf of international sports teams, it was named “The Springboks.” Interestingly, the date of the coin is separated by two digits on the left side and another two digits on the right side. Additionally, “FYNSILWER 1 OZ FINE SILVER” has been imprinted on the reverse side.
The Silver Krugerrands have gained popularity among investors due to their remarkable specifications. This coin contains .999 pure silver, which exemplifies excellent craftsmanship. Apart from that, the coin has 1 troy oz.
Au Bullion is a trusted choice for American investors looking to buy precious metals . We offer high-quality gold, silver, and platinum bullion from renowned mints and refineries. If you plan to invest in South African Silver Coins, contact AU Bullion. As a leading bullion dealer, we pride ourselves on transparent pricing, ensuring you get the best price in the United States of America.
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