2023 1 oz South African Silver Krugerrand

2023 1 oz South African Silver Krugerrand

The Silver Krugerrand debuted in 2017 as an anniversary edition: the 50th anniversary of its predecessor Gold Krugerrand Coins. 

The special edition was so successful among investors and collectors that it led the South African Mint to make these silver coins a regular item in its catalog with annual strikes.

Containing 1 oz of .999 fine silver, historical designs, and the tradition of one of the oldest Mints, these Silver Krugerrands may be a sensible investment option and an exciting collectible for those who enjoy the benefits of having silver coins in a diversified investment portfolio. We are now proud to announce that 2023 1 oz Silver Krugerrands are available for purchase from SD Bullion.

Coin Highlights

• Contains 1 oz of .999 fine silver;
• Special Edition coin turned into an annual series;
• Contains a face value of 1 rand, backed by the South African Government;
• The obverse depicts Paul Kruger;
• The reverse showcases the Springbok Antelope.

The Design

The obverse has a portrait of Paul Kruger, an essential political and military personality for the country’s independence. Along with his effigy, the words engraved are the country’s name written in English and Afrikaans.

The reverse features the Springbok Antelope, a native animal that became a national symbol. The inscriptions are: “KRUGERRAND,” “FYNSILWER 1 OZ FINE SILVER R1”, and the year of issuance.

The Krugerrand Series

The Krugerrand Series debuted in 1967 with its Gold 1 oz 22k version as South Africa’s official bullion coin. For some time, the Gold Krugerrand was the unique gold coin available in the market for private investment, attracting investors who wanted to preserve their wealth during fiat currency devaluation through bullion. 

The following years brought fractional sizes and powerful competitors like the Canadian Maple Leaf, the Chinese Gold Panda, and the American Eagles. But the Krugerrands’ credibility was already solid.

Only on the 50th anniversary of the Gold Krugerrand, in 2017, did a Silver Coin find its space in the South African Mint’s inventory, remaining permanently after its massive success.

Unlike the Gold Krugerrand, though, the Silver Krugerrand coins do have a face value of 1 rand, as inscribed on the reverse side as R1.

Buy 1 oz Silver South African Krugerrand at SD Bullion

Bring these 1 oz South African Silver Krugerrand coins to your investment portfolio. SD Bullion offers the lowest premiums over the silver spot price with fast shipping. You can reach our customer service over the phone at 1(800)294-8732, by email at sales@sdbullion.com, or on our web-chat feature.