The Silver Krugerrand - the new coin 2017
in 2017, on the 50th anniversary of the Krugerrand comes a novelty: there will be a silver ounce to compete with the established bullion coins both in quality and price. The coins will also come in sturdy tubes and master boxes.
We have summarized the first information on the new Krugerrand for you. Nevertheless, there is a drop of bitterness: The bullion variant will not be launched on the market until mid-2017. Initially, only special mintages will be offered.
The Krugerrand - a popular bullion coin
The gold Krugerrand - named after South African president and conservationist Paul Kruger - is the most actively traded bullion coin in the world. The gold present.
The mint of the Krugerrand - the South African Mint Company
Paul Kruger, the president of the then Zuid-Afrikaansche Rebubliek (ZAR), decided to mint his own coins after discovering gold near Johannesburg.
Eight years after opening a mint in Pretoria, it was closed in 1900 after British forces occupied Pretoria. Under the Pretoria Mint Act, the mint was reopened as a branch of the British Royal Mint in 1923.
The original Royal Mint Pretoria was renamed the South African Mint in 1941 after a takeover by the South African government, a name it still holds today. In the 1980s, the South African Mint was privatized, and on September 1, 1988, it was finally incorporated as a subsidiary of the South African Reserve Bank - the South African Mint Company Limited was formed.
Over the past 50 years, more than 60 million examples of the gold coin have been minted, making the South African Mint the largest official gold producer in the world - closely followed by the U.S. Mint's Gold Eagle with a production volume of over 22 million ounces since 1987.
The silver Krugerrand
Due to the increasing global demand for silver and to mark the 50th anniversary of the popular Krugerrand gold coin, the mint South African Mint Company will offer the silver version of the Krugerrand next year.
This will be offered from January 2017 in a fine weight of one ounce and will feature the characteristic motif of the springbok, which has adorned the Krugerrand coins for 50 years. Analogous to the gold Krugerrand, the year of minting, the indication "Fine Silver", as well as the name of the coin will also be found on the front of the silver coin. To the right, the face value will be indicated as "1 R" (= 1 South African Rand). Also a novelty, as the gold Krugerrand does not carry a face value. The reverse shows the portrait of Paul Kruger and the name of the issuing country in Afrikaans ("Suid Afrika") and English ("South Africa"). A small, bordered 50 also represents the anniversary of the Krugerrand.
The following two variants of the silver Krugerrand will be available:
- A bullion coin with a die-bright finish and 999 fineness in a mintage of 500,000 coins (only from mid-2017)
- A polished plate with 999 fineness in an edition of 15,000 coins
The 50th anniversary of the gold Krugerrand
In addition to the silver Krugerrand, other novelties will also be introduced in 2017 to mark the 50th anniversary of the minting of the Krugerrand. For example, the South African Mint will also introduce a 1 ounce Platinum variant of the well-known coin with a face value of 10 Rand. New denominations will also be added to the range of the original gold Krugerrand. The following units of the gold coin will be available from the new year:
- 1/20 oz
- 1/50 ounce
- 5 ounce
- 50 ounce
Especially the unit 50 ounces of the new gold coin is amazing against the background of the current gold price. Only 50 coins of this approx. 1.6 kg heavy variant will be produced by the South African Mint.
The anniversary coins in the overview
|1 ounce silver mint||0.999 silver||31,107g||38.725mm||1.000.000 pieces|
|1 Ounce Silver Polished Plate||0.999 silver||31,107g||38.725mm||15.000 pieces|
|1 Ounce Platinum||0.9999 platinum||31,107g||32,690mm||1.967 pieces|
|50 ounces of gold||0.9167 Gold||1696,500g||100,000mm||50 pieces|
|5 ounces gold||0.9167 gold||169,650g||50,000mm||500 pieces|
|1/50 ounce gold||0.9167 gold||0,679g||8,000mm||50.000 pieces|
|1/20 ounce gold||0.9167 gold||1,696g||12,000mm||20.000 pieces|