2020 South African Silver Krugerrand Coin

SKU: BFS-00097
IRA Eligible

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The Krugerrand has continually soared in worldwide popularity, and this latest 2020 release is no exception.

Each coin contains 1 troy ounce of .999 pure silver. Add the 2020 Silver Krugerrand to your collection!

The 2020 South African Silver Krugerrand carries the same iconic design and rich history as its widely popular gold counterpart.

Produced by the South African Mint, each Krugerrand contains 99.9% fine silver.

The obverse design features a portrait of Paul Kruger, the first President of the Republic of South Africa.

The reverse highlights Africa’s national animal, the elegant antelope. Individual Krugerrands will arrive in protective, plastic flips.

Now is the time to celebrate the exceptional and iconic history carried by each Silver Krugerrand with the South African Mint’s latest 2020 release.

You can be assured that your purchase is a secure investment, sought after by collectors and investors worldwide! 

 

2020 South African Silver Krugerrand Highlights:

  • One of the only modern coins without an explicit legal tender 
  • Krugerrands continue to be a popular investment choice among collectors and dealers 
  • A highly anticipated release
  • Contains 99.9% pure silver in BU condition 
  • Obverse and reverse have the same design as the beloved Gold Krugerrand
  • Individual coins arrive in protective, plastic flips
  • Easy to buy and sell world-wide

 

History of the 2020 South African Silver Krugerrand

The Gold Krugerrand was introduced in 1967 as a means for the public to own gold bullion. It was minted in a gold and copper alloy, which is more durable than pure gold  and gives the coin a more reddish tint than its competing counterparts.

While the South African Mint was responsible for the striking and selling of these 1 oz coins, it was the Rand Refinery who provided the pure form of gold for mass production.

Founded in 1920, the refinery continues to be the world’s largest single-site refinery and smelting complex.

While apartheid made it illegal to import the Krugerrand to many Western countries during the 70s and 80s, it continued to have a large demand in the East, with countries such as Iran, Turkey, Thailand, Hong Kong, Taiwan and Latin America.

Even with restricting penalties, the Krugerrand managed to account for 90% of the global gold coin market by 1980.

When sanctions ended in the early 90s, and the apartheid policy was abandoned, South Africa was able to sell their beloved bullion world-wide.

As you can imagine, its popularity surged higher than ever. 

In 2017, the Mint endeavored to produce a silver Krugerrand counterpart. Unfortunately, it was designed and priced as more of a collector’s item rather than a bullion coin.

However, the 2020 release has proven to be far more affordable and accessible. 

 

The 2020 South African Silver Krugerrand Design

The obverse of the Silver Krugerrand, designed by Otto Schultz, features the Republic of South Africa’s first president, Paul Kruger. To this day, Kruger remains a revered, historical figure, and was affectionately known by his people as “Oom Paul”, or Uncle Paul.

He served four consecutive terms from 1883 through 1900, acting as a firm force of resistance against British rule. “Suid Afrika” and “South Africa” are engraved on the left and right side of the effigy, respectively.

The reverse image was designed by Coert Steynberg (1905-1982), a renowned South African sculptor.

Steynberg was inspired by the continent’s national animal: the antelope. His depiction shows a springbok (a medium-sized antelope) posing majestically in a field of tall grass.

Steynberg’s design for the Krugerrand was also used on the South African five shilling coin, produced several decades prior.

The name “Krugerrand” and the silver content are inscribed in both English and Afrikaans, a Western Germanic language commonly spoken in South Africa. The year of mintage is also included. 

Both images described here are also used on all Gold Krugerrands. 

 

Silver Krugerrand Composition

The 2020 Silver Krugerrand is composed of .999 pure silver.

Each 1 oz coin had a diameter of 38.7mm, complete with classic, reeded edging. 

 

Packaging Info

Individual South African Silver Krugerrands will be shipped in protective, plastic flips for your convenience.

All Krugerrands in this listing arrive in Brilliant Uncirculated condition. 

 

Why Buy the 2020 South African Silver Krugerrand?

With a popular gold counterpart, the 2020 South African Silver Krugerrand has been a highly anticipated release. These 1 oz coins are sure to be a solid investment, while also making a great addition to any Krugerrand collection! With many countries incorporating wildlife into their bullion designs, the Krugerrand will only add to a perfect imagery suitable for animal lovers. Protect yourself and your loved ones from the inevitable, deteriorating economic trends. Silver has been a solid investment option for centuries, and the 1 oz Krugerrand will only diversify your portfolio and enhance your existing assets. If you have any questions about this product or any other product you’ve seen on our site, please do not hesitate to reach out. Our team is here to assist and guide you in the direction that best suits your needs!

Date

2020

Mint

South African Mint

Precious Metal

Silver

Series

Krugerrand

Metal Content

1 Troy Ounce

Purity

.999 Fine

Condition

BU (Brilliant Uncirculated)

Designer

Coert L. Steynberg, Otto Schultz

Diameter

38.7 mm

Thickness

2.84 mm

Edge

Reeded

Tube/Sheet Quantity

25

Mint Box Quantity

500

IRA Eligible

Yes

  • How much do I pay for shipping?

    Shipping on all domestic orders is free. At checkout, you may be presented with additional shipping options for an additional fee.

  • How soon will my order ship?

    We make every effort to ship your order as soon as possible. Most orders will ship within 1-3 business days. During and around holidays and in times of increased demand, orders may take longer to process for shipping. If the instance that your order is delayed in shipping, a notice will be sent.

  • Is my package insured while in transit?

    Yes. We fully insure each and every package while in transit. On the rare occasion that a loss occurs while in transit to you, our insurance coverage will engage.

  • Can you deliver my order to a PO Box?

    On most occasions, yes. In some instances, size, weight or value limitations may prohibit delivery to a PO Box. In those cases, a street address must be provided.

  • Will I have to sign for my package when it arrives?

    All orders $500 and over require signature upon delivery. If your order is less than $500, you may purchase a shipping option that requires signature delivery at checkout for an additional fee.

     

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