Infographic: Details of the First-Ever Legal Tender Silver Krugerrand

Africa's newest silver bullion coin has been 50 years in the making. Take a look at the iconic Krugerrand design struck in .999 silver for the very first time!

Africa’s newest silver bullion coin has been 50 years in the making. Take a look at the iconic Krugerrand design struck in .999 silver for the very first time!

50 years of production is an achievement that no other modern gold bullion coin has ever obtained. In honor of this, the SAM has recently announced that they would be producing a Silver Krugerrand, dated 2017! For a coin that has only been seen struck in fine gold for half a century, this is an incredible switch-up.

These silver coins will be struck out of 1 oz. of .999 fine silver over a diameter of 38.725mm. Unlike what many collectors have suspected so far, these coins will be released with a unique collector’s finish dubbed by the South African Mint “Premium Uncirculated.” Similar to the specimen finish from the Royal Canadian Mint (RCM) or U.S. Mint, this Premium Uncirculated finish allows the first silver coins struck with the iconic Krugerrand design to be minted to the highest possible standards.

The design itself will mirror that of the Gold Krugerrand with two small changes. The first and most obvious change is the alteration of the traditional English and Afrikaans inscription “FYNGOUD 1 OZ FINE GOLD” to “FYNSILWER 1 OZ FINE SILVER.” The second is a small privy mark that will be struck onto these 2017 Silver Krugerrands. Found directly above the springbok on the reverse, this mark is “50” inside of a circle of tiny script reading “1967-2017 ANNIVERSARY.” Finally, it is the first Krugerrand to show its legal tender value with the additional inscription, “R1.”

As news of these exciting coins has started to spread, ModernCoinMart (MCM) is proud to bring these historic African coins to the U.S. as the exclusive North American distributor. A limited mintage of only 1,000,000 Premium Uncirculated Silver Krugerrands will be minted in 2017. While this may seem like large numbers, keep in mind the historic significance of these releases. The fact that these are the first-ever Silver Krugerrands could easily cause the mintage to sell out quickly – particularly considering only a portion of these limited mintages will be made available in the U.S.!

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