Silver Krugerrand adds itself to the list of silver bullions big guns in a diversifying market

BU REVERSEBU REVERSE

2018 SILVER KRUGERRAND BU

Probably the biggest event in the numismatic calendar last year, the debut of a silver version of the iconic Krugerrand bullion round after half a century led to massive bouts of speculation and unsustainable price rises. With a one million mintage (now declared at just 630,000 apparently), the premium uncirculated version had a bullion coins mass mintage, but a numismatic-like price after a short period. While that coin will likely hold a significant premium over future annual issues, there’s little appetite for that price level on an annual basis.

Fast forward to 2018 and the coin now joins the ranks of big number bullion coins with an unlimited mintage and a standard bullion finish. No change to the iconic 51-year old design, although the 50th anniversary privy mark from 2017 has gone. This one will be widely available and carry a very competitive premium, but don’t expect any significant price appreciation over and above the spot price. Definitely one for the stackers. Available in tubes of 25 and monster boxes of 500, it will start to ship early next month.

REVERSE: The classic Springbok antelope, the national animal of South Africa, along with the year of issue, denomination and composition.

OBVERSE: Effigy of the first South African president, Paul Kruger, surrounded by the issuing nation in English and Afrikaans.

SPECIFICATION
DENOMINATION 1 Rand (South Africa)
COMPOSITION 0.999 silver 31.1 grams
DIMENSIONS 38.6 mm
FINISH Bullion
MINTAGE Unlimited
BOX / COA No / No
SOUTH AFRICAN MINT