About the 2027 Silver Krugerrand
The 2027 1 oz South African Silver Krugerrand is one troy ounce of .999 fine silver, dated 2027 and struck for the bullion market by Rand Refinery, which makes the bullion Krugerrand jointly with the South African Mint. Springbok and Paul Kruger, the same two designs that have been on the gold Krugerrand since 1967, carried over into silver.
Fifty Years in Gold Before Silver
The South African Mint struck the first gold Krugerrand on 3 July 1967, a one-ounce bullion coin meant to put gold within reach of ordinary buyers. For its 50th anniversary in 2017, the mint issued the Krugerrand in silver for the first time, as limited proof and premium coins. The silver bullion coin followed in 2018. Silver bullion since 2018, so the 2027 coin arrives 60 years after the first gold Krugerrand and in only its tenth year as a silver bullion coin.
The Springbok and the President
The reverse carries the prancing springbok, South Africa’s national animal, designed and engraved by Coert Steynberg and first used on the 1947 five-shilling coin. The obverse shows the bust of Paul Kruger that appeared on South Africa’s gold pound, half pound, R1 and R2 coins from 1952 to 1982. Designs older than the coin, both drawn from earlier South African money. The coin’s name joins Kruger’s to the rand, the country’s currency.
Struck to Demand, at .999
Rand Refinery strikes the silver bullion Krugerrand in unlimited numbers, setting its output by market demand and the daily silver price. No mintage limit, so the 2027 date is the year of issue and nothing rarer. The coin is .999 fine, where the Silver Maple Leaf and Silver Kangaroo are .9999. Every Krugerrand still holds one full troy ounce of silver, and the difference is purity, not weight. Light contact marks from striking and packing are normal on bullion.
2027 Silver Krugerrand Specifications
One troy ounce of .999 fine silver, 38.7 mm across and 2.84 mm thick, struck as a bullion coin by Rand Refinery and IRA eligible. 38.7 mm, .999 fine. Full current specs are on the Specifications tab above.
2027 1 oz South African Silver Krugerrand FAQ
When did the Krugerrand come in silver?
The first silver Krugerrands were limited proof and premium coins for the gold Krugerrand’s 50th anniversary in 2017. The silver bullion coin launched in 2018. Bullion from 2018, after 50 years in gold.
Is the 2027 Silver Krugerrand a limited mintage?
No. Rand Refinery strikes it in unlimited quantities, according to market demand. Unlimited mintage, so the date adds no scarcity.
Why is it .999 and not .9999?
Rand Refinery strikes the silver Krugerrand at .999 fineness, one step below the .9999 of some other silver bullion coins. It still contains one full troy ounce of silver. A full ounce of silver, at three nines.
Who designed the springbok?
Coert Steynberg designed and engraved the prancing springbok, which first appeared on South Africa’s 1947 five-shilling coin before moving to the Krugerrand. Steynberg’s 1947 springbok, on every Krugerrand.
Is the 2027 Silver Krugerrand IRA eligible?
Yes. At .999 fine silver, it meets the purity standard for a precious metals IRA. .999 fine qualifies for silver.
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