1 Ounce 2022 Silver Krugerrand Coin

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37.25 USD

SKU 61d40968650f8
Weight 31.105 Gramos / 1.000 Oz
Número de serie No
Condición No circulado
Embalaje Sobre plástico
Manufacturer Rand Refinery

Descripción

Brand new and uncirculated 2022 issue 1 Ounce Silver South African Krugerrands.

Each coin contains 9999 fine investment-grade silver bullion.

A Brief History of the Krugerrand

The Krugerrand is one of the most widely owned and sought after coin in the world. In fact, it represents as much as 46 million ounces, growing over time since it was first created in the year 1987 in South Africa. The purpose of the Krugerrand upon its initial conception was for it to be used as currency and to encourage people to own their own gold and silver. The popularity of the Krugerrand shows that it worked out as intended, and to this day, it continues to be well-loved, thanks to not only its low premium but its high quality as well.

Design of the Krugerrand

The silver Krugerrand, much like its gold counterpart, has a distinct appearance that sets it apart from other silver coins. On the back of the Krugerrand, there is a Springbok Antelope as well as the date in which it was created. On the front is the image of Paul Kruger.

Each coin is sold in a plastic slip, plastic tube of 25 pieces or monster boxes of 500 coins depending on the quantity purchased. 

About the Rand Refinery

The Rand Refinery is located in South Africa and is the largest integrated smelting and refinery complex designed for precious metals in the entire world. It was established in the year 1920 with the goal of refining gold and other precious metals locally, as up until the time that the refinery was established, gold was only being refined in London, England. Ever since its inception, the Rand Refinery has generated more than 50,000 tons of refined gold.

Alongside the Krugerrands that this refinery produces, it also generates other precious metals products. The most common among these are coin blanks and medallions, cast bars, minted bars and minted coins. They also create semi-fabricated precious metal products that are used by jewellery manufacturers around the globe. 

1 Ounce 2022 Krugerrand Silver Coin

The 1 ounce 2022 Krugerrand silver coin is a product of the South African mint which one of the oldest mints on earth. During the celebration of the 50th anniversary of the Gold Krugerrand, the South African Mint announced the launch of the first-ever silver coin from the mint. This was exciting news to investors because it gave them options when buying South African bullion coins. The South African mint released its first-ever silver coin in 2017. Since then the 1 ounce Krugerrand silver coin has become one of the most popular bullion coins among investors.

The Features of the 1 Ounce 2022 Krugerrand Silver Coin

  • The coin contains 1 ounce of .999 pure silver in brilliant uncirculated condition.
  • The coin has a face value of 1 Rand (R1) and is guaranteed by the South African government.
  • The image of Paul Kruger is inscribed on the front side of the coin.
  • The back of the coin bears the image of a Springbok antelope
  • The 1 2022 silver coin is the 6th in the series of South African Silver Krugerrand.
  • Individual coins ship in a protective plastic flip. Big orders of 25 coins come in mint tubes while large orders of 500 coins ship in monster boxes.

The 1 ounce 2022 Krugerrand silver coin is in brilliant uncirculated condition and is produced in limited edition. Paul Krugerrand whose image appears on the front of the silver coin was the first president of South Africa. He appeared in several South African coins including those minted in Pound denominations. Otto Schultz designed the image of Krugerrand inscribed on the coins. He was the president of South Africa from 1883 to 1900.

Krugerrand played a significant role in the restoration of the independence of the Republic of South Africa. The Krugerrand coin was the first coin to be minted in the Rand denomination in 1961 after the independence. The colonial republic used the English Pound as the denomination for coins. The gold coins minted at the time matched the British sovereign coins in terms of value, gold content, and weight.

The back of the Krugerrand is inscribed with the image of a Springbok antelope. The antelope also appear in several other South African coins. The design of the antelope has remained the same since the coin was introduced in 1967. Silver coins were added to the Krugerrand series during the Golden Jubilee celebration of the success of the Krugerrand gold coin.

Before the celebration, South African Mint designers examined the designs printed on Krugerrand gold and silver coins. The examination revealed that some of the original features in the design had been lost. The mint restored the old design using modern technology that has enhanced the beauty of the 1 ounce 2022 Krugerrand silver coin.

Storage and Delivery of Gold Krugerrands

Silver Krugerrand coins are available for VAT-free Swiss storage or for delivery. Clients who select Swiss vault storage may make their purchase VAT-free. Once goods are in storage, clients may then select to sell their items back or arrange delivery at any time. Storage is located in Zurich, Switzerland.


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