1oz Silver Coin 2021 Krugerrand - SA Mint

1oz Silver Coin 2021 Krugerrand - SA Mint

AUD$40.01

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1oz Silver Coin 2021 Krugerrand - SA Mint

The 1oz silver Krugerrand was first released in 2017, as part of the 50th anniversary range, and now makes a return for the third year in a row due to its popularity.

Struck for the first time on 3 July 1967, with the aim of marketing South African gold, this legend in the coin industry was conceived when the concept of a legal tender gold coin linked to the daily gold price was introduced in South Africa.

The effigy of Paul Kruger, the first President of the Zuid Afrikaansche Republiek (ZAR) is depicted on the obverse. The reverse was originally designed and engraved by the famous sculptor, Coert Steynberg, and features one of South Africa’s national animal, a Springbok.

Coins are a popular choice of bullion given their legal tender status (Government backing of the coin and its metal content), often smaller in size (making for easier disposal in the event of large price increases), international recognition (no fuss tradability overseas) and portability. Another common advantage is mintage limits on many government minted coins meaning a “collectible” premium can often be realised. Caution should be exercised in buying coins over bars for your Super as they can be classified as a collectible and need special storage. Refer to the ATO or your advisor for more information. Coins can make for the perfect gift as you can match the year or Lunar Year to the recipient to celebrate an event.


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