A sovereign coin, silver, a Krugerrand, and a sweet price to boot! The South African Mint really hit it out of the park with this one! Here’s the details…
Many precious metal bullion buyers have been hoping for a competitively priced 1 oz Silver Krugerrand bullion coin.
After last year’s higher price limited issuance, it appears the South African Mint has heard silver bullion buyers loud and clear having just released their first competitively priced Silver Krugerrand Coin.
Have a look for yourself…
If you remember last year, the South African Mint released a first ever 2017 Silver Krugerrand coin.
However, that limited strike 50th Anniversary commemorative silver coin was more aimed at coin collectors with it’s Premium Uncirculated grade; along with the individual items that were shipped with each coin.
This year, however, many silver bullion investors got exactly what they have wanted… a Silver Krugerrand Bullion coin that has a low premium price over the current spot price of silver.
From the nation that has to date yielded over 1/4th of all the physical gold in the world.
Debuting in 1967, the iconic South African Gold Krugerrand is aptly known as the first modern gold bullion coin.
After its popularity seemingly increased year after year, many other governments started planning similar bullion coin programs. However, the Gold Krugerrand still enjoyed a competition-free run until the Royal Canadian Mint launched the Canadian Maple Leaf Coin program just over a decade later.
These 2018 1 oz Silver Krugerrand Coins are only the second Silver Krugerrand coin release in what is expected to be another long-running, successful coin program from the Rand Refinery.
This South African silver bullion coin’s iconic history and rarity amongst silver bullion coin competitors makes the new 1 oz Silver Krugerrand bullion coin a likely candidate for a best silver value purchase, especially at current silver spot price points and compressed premiums currently.
See and Learn More about the South African Mint below
About the Author
James Anderson has a BA in finance from Loyola University New Orleans. He has both worked and invested in the physical investment grade bullion markets prior to the 2008 global financial crisis.