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- Famous Design: Springbok and Kruger
- Since 1967: Tradition from South Africa
- Highest Purity: 999/1,000 fineness
- Famous DesignPaul Kruger and the Springbok in detailed relief
- Since 1967Minted by the renowned Rand Refinery in South Africa
- Highest PurityFine silver in Brilliant Uncirculated condition with mirror shine
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ShareKrugerrand · 2024 Issue
The leap that began in 1967.
You are looking at the side with the springbok.
Gold for the hands of ordinary people.
In the late 1960s, around three quarters of the western world’s gold came from South Africa. The Chamber of Mines wanted ordinary people, too, to be able to own gold.
With the Krugerrand, a new kind of coin came into being for this purpose: exactly one ounce of fine gold, with no face value struck on it. Its value was meant to come directly from the gold it contains.
6,012,293
Krugerrand bullion coins were issued in 1978 alone, 187 tonnes of gold in all.
A leap through history
1886
Gold on the Witwatersrand
On the Witwatersrand, the ridge of white water, rich gold deposits are discovered. South Africa’s currency is also named after it: the rand.
1947
The springbok
The sculptor Coert Steynberg draws his springbok in 1946 and 1947. It first appears in 1947 on the 5-shilling coin marking the visit of the British royal family.
1967
The first Krugerrand
On 3 July, commissioned by the South African Reserve Bank and the Chamber of Mines, the South African Mint strikes the first Krugerrand.
1980
Smaller sizes
The half ounce, the quarter ounce and the tenth ounce are added so that smaller sums can also be invested in gold.
2017
Fifty years
For the anniversary, the first silver Krugerrand appears, along with the 1/20 and 1/50 ounce in gold. For these coins, the designers go back to the original wax models and designs.
The motif
The springbok and the president
- The springbok
- South Africa’s national animal in mid-leap. The springbok owes its name to its characteristic leaps. It was designed by the sculptor Coert Steynberg.
- The aloe
- The motif includes an Aloe claviflora, one of South Africa’s best-known aloes. It grows in the dry interior of the country, where the springbok is also at home.
- Fynsilwer
- Below the springbok is the weight in fine silver, framed by FYNSILWER in Afrikaans and FINE SILVER in English. Fynsilwer means fine silver.
- Paul Kruger
- The other side shows Paul Kruger in profile. In 1883 he became president of the South African Republic, also known as the Transvaal. The portrait was created by the die engraver Otto Schultz. According to the South African Mint, it goes back to the Kruger half-crown of 1892.
- The name
- Krugerrand combines the name Kruger with the rand, South Africa’s currency.
The silver
Fine silver with a face value
The silver Krugerrand is struck in fine silver, with a fineness of 999 parts per thousand. Unlike the gold coin, it bears a face value in rand: R1 on the one-ounce coin, R2 and R5 on the larger coins.
The South African Mint produces the bullion coins together with the Rand Refinery. The silver bullion coin has existed since 2018. It has no fixed mintage: as many are struck as the market demands.
The same leap since 1967.
This issue too.
By its 50th anniversary in 2017, more than 60 million Krugerrands had been sold. The 2024 issue is part of this story, and the story goes on, in your hand and perhaps one day in the hand of someone you pass it on to.
31.1 g fine silver · 999/1,000
· Brilliant uncirculated · Coin capsule
Issuing country: South Africa. The South African Mint is a wholly owned subsidiary of the South African Reserve Bank.
The Radiant Star in the Investment Sky: 1 oz Silver Krugerrand 2024
- Design: Historic portrait of Paul Kruger and the iconic image of the Springbok
- Investment objective: Inflation hedge, wealth preservation and crisis protection
- Material / Fineness: 999/1,000 pure silver, a synonym for durability
- Manufacturer: Minted by the renowned Rand Refinery
- Country of origin: South Africa, the home of the Krugerrand since 1967
- Named after: Paul Kruger and the South African currency, the Rand
The 1 oz Silver Krugerrand coin of the 2024 year of issue is more than just a bullion coin – it is a piece of history, struck in pure silver. With its outstanding fineness of 999/1,000 and a weight of 31.10 grams, this coin combines tradition with modern minting artistry. Supplied as new goods in a protective coin pouch, it reaches you in Brilliant Uncirculated condition.
An Investment with Added Value
Invest in a product that serves not only as an inflation hedge but also as crisis protection. The 1 oz Silver Krugerrand 2024 is a product with potential for appreciation in value and a prized collector's coin. With a face value of 1 Rand and a diameter of 38.70 mm, this coin combines elegance with financial security.
Symbolic Design
The obverse of the coin features the portrait of Paul Kruger, the former President of the South African Republic. The reverse is adorned with South Africa's national animal, the Springbok, a symbol of grace and strength. This coin is not only a testament to South African culture, but also an ambassador for the quality and expertise of the Rand Refinery.
The Significance of Silver
Silver has been a prized precious metal for centuries and serves as a long-lasting store of value. Its high demand in industry, particularly in electronics, solar technology and medical technology, underscores its intrinsic value. The limited availability of silver signals long-term value stability, which is especially appreciated in turbulent times.
Tax Advantages and Liquidity
Another advantage: profits from the sale of silver are generally tax-free in Germany, provided the holding period is at least one year. This makes silver coins an attractive investment product. In addition, silver impresses with its high liquidity and can easily be converted into cash.
A Secure Legacy for the Future
The 1 oz Silver Krugerrand coin is not only a smart choice for personal retirement planning, but also a valuable legacy that can be passed down from generation to generation. As a global medium of exchange that has been used in many cultures and civilisations for centuries, the Silver Krugerrand offers reliable protection against political and economic turmoil.
Conclusion
The 1 oz Silver Krugerrand coin of 2024 is an investment that combines beauty and financial security. It offers not only protection against inflation and crises, but is also a testament to the foresight and taste of its owner. With the 1 oz Silver Krugerrand coin, you are choosing an investment product that holds its value in both good times and bad.
Specifications
Country of origin: South Africa
Manufacturer: Rand Refinery
Fine weight: 31.10 g
Gross weight: 31.10 g
Denomination: 1 oz
Fineness: 999/1,000
Diameter: 38.70 mm
Face value: 1 Rand
Year of issue: 2024
Series: Krugerrand
Condition: New goods
Packaging: Coin pouch
Investment purpose: Investment product
Product depiction may differ from the final product.