Specifications
| Metal | Silver |
| Weight | 1 oz |
| Form Factor | Coin |
| Mint | South African Mint |
| Year | 2018 |
Design & Liquidity
The iconic design of the Krugerrand features the bust of Paul Kruger, the former President of the South African Republic, on its obverse. This enduring portrait was originally designed by Otto Schultz in 1892 and adapted for the Krugerrand. The reverse proudly displays South Africa's national animal, the pronking springbok antelope, a design created by Coert Steynberg in 1947. While the gold Krugerrand debuted in 1967, the silver variant, sharing these classic designs, was first minted in 2017 to commemorate the gold coin's 50th anniversary, with regular annual releases following. Krugerrands are globally recognized and command exceptional secondary market liquidity, making them a cornerstone of the international bullion trade and a highly sought-after asset for both investors and collectors. Despite past import restrictions linked to the apartheid era, these limitations were lifted, further solidifying their position in the global market.
About the Mint
The South African Mint boasts a rich and storied history, with its origins tracing back to 1890 when President Paul Kruger established the first national mint, officially opening its doors on July 6, 1892, in Pretoria. After a period of closure during British occupation, a branch of the British Royal Mint was established in 1923, eventually becoming the independent South African Mint in July 1941. Since October 1992, the mint has operated from its state-of-the-art facilities in Centurion, a testament to its continuous evolution and commitment to advanced coin manufacturing. As a wholly-owned subsidiary of the South African Reserve Bank since 1988, the South African Mint is celebrated as a world leader in the industry. Its undisputed flagship product is the Krugerrand, introduced in 1967 as the world's first modern gold bullion coin, forever changing the landscape of private precious metal ownership. An intriguing historical fact is that the mint was initially conceived to alleviate a severe coin shortage and empower South Africa with the means to produce its own national currency. Today, the South African Mint is not only responsible for all South African Rand coinage but is also the only exporting mint on the African continent, commissioned to produce coins for numerous other countries, showcasing its global influence and exceptional craftsmanship.
