Tavex is pleased to present the brand new South African Krugerrand silver coin, the silver version of the World’s first legal tender gold bullion coin. First minted in 1967, the Krugerrand gold coin was introduced in 1967 as a vehicle for private ownership of gold. In 2017, the 50th anniversary of Krugerrand gold coin was celebrated with the launch of the special edition Krugerrand silver coin with special 50th-anniversary Mint mark. In 2018 the first 1 oz Krugerrand silver bullion coin was released at a low premium over the prevailing spot price of silver. The coin bears the same design as the original gold coin with the portrait of Paul Kruger, the former president of the Republic of South Africa. Unlike gold coin, silver bullion has the nominal value of 1 South African Rand.
Krugerrand is an iconic brand that has withstood the test of time. The Gold Krugerrand’s popularity and investment value has made its new silver Krugerrand bullion coin highly-anticipated and hoped for, according to global investors. In light of a multitude of competing investments, the Krugerrand maintains that an investment in silver represents the peace-of-mind that the modern investor seeks.
The word "Krugerrand" is derived from Paul Kruger's name and the monetary unit of South Africa, the rand, which is associated with the Witwatersrand "the ridge of white water" – the gold producing area discovered in 1886 in South Africa. The Springbok displayed on the coin's obverse is South Africa’s national animal. The Springbok or Antidorcas marsupialis is characteristic for its jumping display. The Aloe claviflora is one of the most well-known South African aloes. This plant is widespread in the dry interior of South Africa, an area, in which the Springbok is also abundant. The design of the obverse is modelled by the renowned South African sculptor, Coert Steynberg. The portrait of the President is created by the die-engraver Otto Schultz.
Unlike golden Krugerrands, which bear no nominal value and their value is linked to its fine gold content, with the prevailing market price of gold, silver Krugerrands have the nominal value of 1 South African Rand, although as bullion coins they carry no monetary face values other than their weight in silver.
Krugerrand silver coins portray President Kruger
The obverse of the Krugerrand silver coin depicts Stephanus Johannes Paulus Kruger, former president of the Transvaal Republic. Kruger would rise to international fame as the head of the Boer resistance against British forces in the late 19th century. The Boers, predominately Dutch-speaking settlers from Europe who lived in South Africa, tired of being ruled by the British Empire, decided to create their own independent country under the name Transvaal. Paulus Kruger, who was also a descendant of the Boers, would become a leading figure in the Boer quest to become a self-governed nation inside the territories of British controlled South Africa.
Kruger came from a simple background; born on a farm in 1825 in South Africa he lacked any formal education, although his proficiency in hunting and horse riding would prove to be of good use during his military service in the Transvaal army. He advanced fairly quickly in the army ranks and by his early 40s was already promoted to Commandant-General of the Transvaal forces. Kruger’s skills went beyond being a soldier since he was a fine diplomat as well. In 1877, when the Boers clashed for the first time against Britain, Kruger through diplomatic means secured a victory for the Boers. This boosted his popularity, and as a result, he was elected president of the Transvaal Republic in the general elections that followed three years later.
The Krugerrand gold coin created by the South African gold-mining industry
South Africa was the largest gold mining nation during the mid 20th century, contributing almost 50% to the annual global mine supply. To more easily sell this abundant supply of gold, the South African gold mining industry came up with the idea to develop a circulating gold bullion coin that would exclusively contain gold from the South African mines. The idea was approved by the South African Central Bank which authorized the creation of the legal tender Krugerrand gold coin. The Krugerrand gold coin was struck for the first time in 1967 by the South African Mint and would prove to be the most successful gold bullion coin ever to be issued by the Republic of South Africa. The South African mint has struck its first legal-tender silver and platinum Krugerrands as part of the 50th anniversary of the flagship gold bullion coin.
The South African Krugerrand contains gold from the richest deposit on earth
Unfortunately, the peace between the Boers and British did not last long, as large gold deposits were found inside the territories of the Transvaal Republic in an area called Witwatersrand. Even to this date, the Witwatersrand region is home to some of the richest gold deposits on earth; it is believed that almost 45% of all the gold ever mined on earth has come from this rich South African gold region. The British, determined to secure control over these vast riches, sent a huge force, by some estimates over 400,000 people strong, to combat the Boers. The Boers, greatly outnumbered by the British force, lost the war, and Transvaal was absorbed back into the British Empire in 1902. President Kruger who managed to escape to Europe never set foot again in Africa and he died in exile in Switzerland on 14 July 1904.
The obverse of the silver coin features the portrayal of the beloved former President of South Africa – Paul Kruger. The silver coin bears the same image as the gold Krugerrand, which was inspired by the portrait used on the 1892 South African Gold Pond Coin. Around the portrait is inscribed "SUID AFRIKA SOUTH AFRICA".
The reverse of the coin showcases a Springbok – a medium-sized antelope native to the open, treeless plains of southern Africa – portrayed bounding across the savannah. "KRUGERRAND" is inscribed above the animal, the coin also features the year of the mintage on the sides and silver content "FYNSILWER 1OZ FINE SILVER" and nominal value R1.
Each coin is individually packaged in a hard plastic capsule if needed. Multiples of 25 are available in original mint-sealed tubes. For bulk purchases, we stock original South African Mint sealed boxes which contain 20 tubes with twenty-five Krugerrands to a tube (500 coins in total).
You can choose to pick up your order in our store in Copenhagen. As soon as we receive your payment, we will contact you via email and phone, and you can then collect your order.
After receiving your payment, your order will be shipped as soon as possible (normal within 24 hours) and you will receive a tracking number from UPS. UPS’ delivery time is approx. 1-3 working days.
To ensure that our customers personally receive and sign for the shipped goods, orders are sent as a value package via UPS with delivery, where a signature is required. UPS attempts delivery three times. If you have not been home to receive the package after the 3 attempts, the package is returned to Tavex. You can track your package via your tracking number here.
In some cases, it is possible to order collection of your package at a UPS delivery point, this requires a special agreement with Tavex. Please note that the delivery location may ask for ID when collecting packages.
Please note that all orders (unless otherwise agreed with Tavex) are sent by home delivery, and that you must therefore be at home and sign for receipt – Contact us if you wish to have your package sent to a UPS pick-up point.
Your package is sent as an insured value package with UPS and should your package unexpectedly disappear or be damaged during transport, Tavex will resend your order or refund your payment. The insurance is valid until you have acknowledged and received the package.
Your order is packed in protected packaging and sent in a discreet unmarked envelope/package.
As soon as your order is packed, your tracking number will be sent to your email. You can follow the location and status of your package via the UPS website.
Tavex offers free shipping on purchases over DKK 8,500 (excl. VAT)
|0 – 8.500 DKK excl. VAT
|8.501 – 1.000.000 DKK excl. VAT
|1.000.000+ DKK excl. VAT
The above prices are valid for deliveries in Denmark (not including Greenland or the Faroe Islands). If you want delivery abroad, please contact us on +45 3311 1510 or firstname.lastname@example.org.
If your package is sent later than expected, a given product is not in stock or temporarily sold out, you will be contacted by phone or email and you will be informed of the expected delivery time of your order.
NOTE: When delivering with UPS and picking up in our store, you must present a valid photo ID (passport or driver’s license).
Tavex has the majority of products always in stock and therefore can offer you quick delivery and same day pickup with market leading prices. Tavex is an official partner for all the biggest mints in the world, such as The Perth Mint Australia, Austrian Mint (Münze Österreich), China Great Wall Coins Investments Ltd., gold bar market leader PAMP Suisse and Valcambi and other gold factories and dealers.
Feel free to visit our office during opening hours to take a free consultation or learn more about a specific product. If you purchase online you can pick-up the products at the same day we receive the payment.
Over 25 years on the market and large volumes have enabled us to offer you the best prices on the market. With Tavex you can maximise your investment’s return because of low margins and spreads.