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BEST PRICE

1 oz Silver Coin Krugerrand, South Africa

In Stock
Tavex is pleased to present the brand new South African Krugerrand silver coin, the silver version of ... read more
We sell We buy Spread
72,06 BGN
67,40 BGN 6.47%
to Econt office - 4,20 BGN
to address - 5,24 BGN
by incasso vehicle - 60,00 BGN
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Delivery costs start from 4,20 BGN
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The photos are used for illustration purposes only and may not be an exact representation of the product.

Introduction

Tavex is pleased to present the brand new South African Krugerrand silver coin, the silver version of the World’s first legal tender gold bullion coin. First minted in 1967, the Krugerrand gold coin was introduced in 1967 as a vehicle for private ownership of gold. In 2017, the 50th anniversary of Krugerrand gold coin was celebrated with the launch of the special edition Krugerrand silver coin with special 50th-anniversary Mint mark. In 2018 the first 1 oz Krugerrand silver bullion coin was released at a low premium over the prevailing spot price of silver. The coin bears the same design as the original gold coin with the portrait of Paul Kruger, the former president of the Republic of South Africa. Unlike gold coin, silver bullion has the nominal value of 1 South African Rand.

Krugerrand is an iconic brand that has withstood the test of time. 

Why Buy

  • The Krugerrand silver coins are money. Krugerrand silver coins have the nominal value of 1 Rand, they legal tender in South Africa and are accepted and exchanged throughout the world.
  • The Krugerrand silver coins are brand new bullion coins by the world-famous South African Mint. Krugerrand is an iconic brand that has withstood the test of time.

Buying silver items means low risks and maintaining wealth

Silver's value has grown over the years making it good to maintain or grow wealth.

  • Product value (1pc)
    72,06 BGN
  • Buyback price
    67,40 BGN
  • Your risk now
    4,66 BGN

Fact: silver price in BGN has risen 122.14% in the last 20 years. The lowest price was 20,65 BGN/oz and the highest 66,23 BGN/oz. Current world market price is 56,54 BGN/oz

History

The word "Krugerrand" is derived from Paul Kruger's name and the monetary unit of South Africa, the rand, which is associated with the Witwatersrand "the ridge of white water" – the gold producing area discovered in 1886 in South Africa. The Springbok displayed on the coin's obverse is South Africa’s national animal. The Springbok or Antidorcas marsupialis is characteristic for its jumping display. The Aloe claviflora is one of the most well-known South African aloes. This plant is widespread in the dry interior of South Africa, an area, in which the Springbok is also abundant. The design of the obverse is modelled by the renowned South African sculptor, Coert Steynberg. The portrait of the President is created by the die-engraver Otto Schultz.

Unlike golden Krugerrands, which bear no nominal value and their value is linked to its fine gold content, with the prevailing market price of gold, silver Krugerrands have the nominal value of 1 South African Rand, although as bullion coins they carry no monetary face values other than their weight in silver.

Product weight in grams
31.1035
Silver weight in grams
31.1035
Fineness
999
Silver weight in troy ounces
1
Diameter (mm)
38.725
Thickness (mm)
-
Face value description
1 ZAR
Manufacturer
The South African Mint, South Africa

Obverse

The obverse of the silver coin features the portrayal of the beloved former President of South Africa – Paul Kruger. The silver coin bears the same image as the gold Krugerrand, which was inspired by the portrait used on the 1892 South African Gold Pond Coin. Around the portrait is inscribed "SUID AFRIKA SOUTH AFRICA".

Reverse

The reverse of the coin showcases a Springbok – a medium-sized antelope native to the open, treeless plains of southern Africa – portrayed bounding across the savannah. "KRUGERRAND" is inscribed above the animal, the coin also features the year of the mintage on the sides and silver content "FYNSILWER 1OZ FINE SILVER" and nominal value R1.

Packaging

The word "Krugerrand" is derived from Paul Kruger's name and the monetary unit of South Africa, the rand, which is associated with the Witwatersrand "the ridge of white water" – the gold producing area discovered in 1886 in South Africa. The Springbok displayed on the coin's obverse is South Africa’s national animal. The Springbok or Antidorcas marsupialis is characteristic for its jumping display. The Aloe claviflora is one of the most well-known South African aloes. This plant is widespread in the dry interior of South Africa, an area, in which the Springbok is also abundant. The design of the obverse is modelled by the renowned South African sculptor, Coert Steynberg. The portrait of the President is created by the die-engraver Otto Schultz.

Unlike golden Krugerrands, which bear no nominal value and their value is linked to its fine gold content, with the prevailing market price of gold, silver Krugerrands have the nominal value of 1 South African Rand, although as bullion coins they carry no monetary face values other than their weight in silver.

 

Krugerrand silver coins portray President Kruger  

The obverse of the Krugerrand silver coin depicts Stephanus Johannes Paulus Kruger, former president of the Transvaal Republic. Kruger would rise to international fame as the head of the Boer resistance against British forces in the late 19th century. The Boers, predominately Dutch-speaking settlers from Europe who lived in South Africa, tired of being ruled by the British Empire, decided to create their own independent country under the name Transvaal. Paulus Kruger, who was also a descendant of the Boers, would become a leading figure in the Boer quest to become a self-governed nation inside the territories of British controlled South Africa. 

Kruger came from a simple background; born on a farm in 1825 in South Africa he lacked any formal education, although his proficiency in hunting and horse riding would prove to be of good use during his military service in the Transvaal army. He advanced fairly quickly in the army ranks and by his early 40s was already promoted to Commandant-General of the Transvaal forces. Kruger’s skills went beyond being a soldier since he was a fine diplomat as well. In 1877, when the Boers clashed for the first time against Britain, Kruger through diplomatic means secured a victory for the Boers. This boosted his popularity, and as a result, he was elected president of the Transvaal Republic in the general elections that followed three years later.    

 

The Krugerrand gold coin created by the South African gold-mining industry 

South Africa was the largest gold mining nation during the mid 20th century, contributing almost 50% to the annual global mine supply. To more easily sell this abundant supply of gold, the South African gold mining industry came up with the idea to develop a circulating gold bullion coin that would exclusively contain gold from the South African mines. The idea was approved by the South African Central Bank which authorized the creation of the legal tender Krugerrand gold coin. The Krugerrand gold coin was struck for the first time in 1967 by the South African Mint and would prove to be the most successful gold bullion coin ever to be issued by the Republic of South Africa. The South African mint has struck its first legal-tender silver and platinum Krugerrands as part of the 50th anniversary of the flagship gold bullion coin.

 

The South African Krugerrand contains gold from the richest deposit on earth  

Unfortunately, the peace between the Boers and British did not last long, as large gold deposits were found inside the territories of the Transvaal Republic in an area called Witwatersrand. Even to this date, the Witwatersrand region is home to some of the richest gold deposits on earth; it is believed that almost 45% of all the gold ever mined on earth has come from this rich South African gold region. The British, determined to secure control over these vast riches, sent a huge force, by some estimates over 400,000 people strong, to combat the Boers. The Boers, greatly outnumbered by the British force, lost the war, and Transvaal was absorbed back into the British Empire in 1902. President Kruger who managed to escape to Europe never set foot again in Africa and he died in exile in Switzerland on 14 July 1904.

Supported delivery methods

When placing an order through our online shop, you can choose one of the following options:

  • delivery to address by Econt
  • delivery to Econt office
  • delivery by a secure (incasso) vehicle
  • pick them up from a Tavex office

Delivery by Econt might take from 1 to 3 working days, and delivery by a secure vehicle – from 3 to 5 working days. Delivery times depend on when you placed the order and the payment for it, when paying by bank transfer.

Delivery by a secure (incasso) vehicle is carried out to an office of SOT 161, the exact address is subject to an additional agreement.

Orders placed before 3:00 p.m. are processed and delivered to the courier on the same working day, and those placed after this time – on the next working day.

In the case of payment by bank transfer, orders are processed after confirmation of your payment by 3:00 p.m.

You are welcome to come and pick-up your products from the office you chose during checkout at the same day after we have received your payment.

In all instances, you need to present a valid ID to collect the products. Take into consideration that the client, the payer and the recipient must be the same person.

Insurance

The package is fully insured, and in the extremely unlikely case that the package is lost or damaged, we will re-ship the items or refund your money.

Packaging

The products are encased in protective wrapping and placed in a discreet, unbranded padded package.

Delays

If a delivery delay occurs or if the ordered product is out of stock, we will always contact you by email or phone to give you details about the delivery.

Shipping prices

Prices of “Delivery to address”, and “Delivery to Econt office” are based on the total cart price. You can see detailed price information during checkout before you submit the order.

“Delivery by a secure (incasso) vehicle” to an office of SOT 161 within Bulgaria costs 60 lv. and for orders over 9 700 lv. it is free.

Safe delivery

Each shipment is discreetly packed and fully insured , so you can order products online without fear.

High stock availability

Most Tavex products are always in stock and therefore Tavex can deliver quickly and pick up on the same day at top prices on the market. Tavex is the official partner of the world’s largest mints, such as Perth Mint Australia, Austrian Mint (Münze Österreich), China Great Wall Coins Investments Ltd., PAMP Suisse and Valcambi refineries – market leaders in gold bullion production – but also of many other gold refineries and dealers.

Low prices

Thanks to over 25 years of experience and large transaction volumes, Tavex can offer you the best prices on the market. At the same time, you can maximize your return on investment due to the low margins and spreads operated by Tavex.

The product is available for online purchase.

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