1 oz Krugerrand Silver Coin 2023

Krugerrands are gold bullion coins minted in South Africa. The Krugerrand was first minted in 1967, a co-production of the South African Mint and the Rand Refinery, a precious metals refining company.

The name Krugerrand comes from Paul Kruger a nationalist hero and the South African rand, who was President of a short-lived Boer Republic in South Africa (from 1883 to 1900). Thus, “Kruger” and “rand” combine to create the Krugerrand.

The coin features a depiction of President Kruger on the obverse side and a depiction of the South African Republic’s national animal – the springbok – on the reverse side. The word “Krugerrand” is engraved on the reverse side, above the springbok. Below the springbok image, the amount and purity of the coin’s gold content are inscribed. The obverse side is engraved with “Suid Afrika – South Africa.” Krugerrands are legal tender in South Africa.