1 oz Silver South African Krugerrand Bullion Coin .999 Fine

The Silver South African Krugerrand is a 1-troy-oz .999 fine silver coin struck by the South African Mint, carrying the same iconic imagery as the legendary Gold Krugerrand but distinguished by its legal-tender face value of 1 Rand. First released in 2017 to mark the 50th anniversary of the Gold Krugerrand, this Brilliant Uncirculated coin features Paul Kruger on the obverse and the celebrated Springbok antelope on the reverse, making it a recognized piece among silver stackers and collectors worldwide. Each coin arrives in protective packaging or a capsule and bears the SMI mint mark, attributable to Sunshine Minting, as a further assurance of authenticity.

Specifications

• Mint MarkSMI - Sunshine Minting
• Purity.999 fine silver
• ManufacturerSouth African Mint
• Thickness2.84 mm
• Diameter38.7 mm
• SeriesSilver Krugerrand
• Packaging TypeProtective packaging or capsules
• Metal Weight1 troy oz
• DesignObverse: Paul Kruger portrait with 'South Africa' in Afrikaans and English; Reverse: Springbok antelope with year of minting

Frequently Asked Questions

What exactly is the Silver South African Krugerrand?

It is a 1-troy-oz .999 fine silver bullion coin produced by the South African Mint. The series launched in 2017 to commemorate the 50th anniversary of the Gold Krugerrand. It carries a face value of 1 Rand and is struck to Brilliant Uncirculated quality.

What are the silver purity, weight, and dimensions of this coin?

Each coin contains 1 troy oz of .999 fine silver. The diameter is 38.7 mm and the thickness is 2.84 mm. No other weight specifications beyond 1 troy oz apply to this coin.

How can I verify this coin's authenticity?

The coin bears the SMI mint mark, which is attributed to Sunshine Minting, a widely recognized refinery and minting facility. It is struck by the official South African Mint and arrives in protective packaging or a capsule to preserve its Brilliant Uncirculated condition.

What does the coin look like, and how does it differ from the Gold Krugerrand?

The obverse displays a portrait of Paul Kruger alongside 'South Africa' inscribed in both Afrikaans and English, while the reverse features the iconic Springbok antelope and the year of minting — the same design heritage as the Gold Krugerrand. The key distinction is that the Silver Krugerrand carries a legal-tender face value of 1 Rand, whereas the gold version does not.

How is the Silver Krugerrand packaged and shipped?

Individual coins ship in protective packaging or capsules. The standard inner pack holds 25 coins, and a full outer pack contains 500 coins, making it practical for both single-coin buyers and larger bulk orders.

Is the Silver South African Krugerrand eligible for a Precious Metals IRA?

To qualify for a self-directed Precious Metals IRA, the IRS requires silver coins to meet a minimum fineness of .999. The Silver Krugerrand meets that fineness standard at .999 fine silver. IRA eligibility also depends on account custodian requirements and IRS regulations in effect at the time of purchase.