The South African Mint has launched their 2024-dated silver Proof-quality Krugerrands, which are produced in two weights, one and two-ounce options. First launched in 1967 as a bullion gold ounce coin, the South African Krugerrand soon became one of the world’s best-known and trusted bullion coins, sparking an international trade and interest in private gold ownership for members of the general public. Krugerrands are minted from gold sourced in South African mines and ultimately became one of the country’s most lucrative and sought-after exports. With the success of the one-ounce weight, the South African Mint produced fractions ranging from half, quarter, and 1/10th-ounce weights. In 2017, silver Krugerrands were introduced to mark the 50th anniversary of the first Krugerrand coins. These limited edition collector coins were a huge success, resulting in the South African government authorising the Rand Refinery and South African Mint to produce both bullion and Proof silver versions in 2018 as an annual release. The first two-ounce silver coins were minted in 2020 which followed on from the success of the one-ounce coins.
The common obverse design for all Krugerrands features a profile image of Paul Kruger (1825–1904), president of the South African Republic/Zuid Afrikaansche Republiek from 1883 to 1900, and from whom the coins are named. The effigy was originally modelled by die-engraver Otto Schultz and recreated from the original die used for the historic Kruger silver half-crown coins released in 1892. Above the likeness of Kruger is the text SUID-AFRIKA and SOUTH AFRICA. The reverse design depicted on all Krugerrands was originally created by the renowned sculptor, Coert Steynberg, and features one of South Africa’s national animals, the springbok. The design was first seen on five-shilling silver crown coins released in 1947 in celebration of the royal visit of HM King George VI and Queen Elizabeth. The text above the primary design reads KRUGERRAND with the year of issue 2024 shown as double digits placed on either side of the springbok. Below the design are the coins’ weight and metal content in both English and Afrikaans. The one-ounce coin also includes the denomination R1 and the two-ounce versions include the face value of R2.
The silver Proof-quality coins are encapsulated and presented in a custom case in black leatherette material and accompanied by a numbered certificate of authenticity. For additional information on the Krugerrand range, please e-mail or click here.
The one and two ounce bullion-quality silver coins are also available through a network of reputable international bullion dealers.