2018 has been a busy year for the gold market. Just when you thought mints have presented the best products they could another mint launches a surprise. The South African Mint came out with exciting news recently. Every gold bug and gold bullion collector should know the Krugerrand gold coin. The Krugerrand is steeped in tradition and has been regarded as a safer gold investment for half a century. These coins were and still are struck from the best and purest gold. Now, for the first time ever in the history of the South African mint, Rand Refineries and the Krugerrand this iconic coin is being issued as a low-premium silver coin.

The gold Krugerrand coins accounted for 90% of the global coin market in the 80s. There were other coins that did well like the American Eagle and the Canadian Maple leaf gold coins. But these have gone through some serious upheaval whilst the desirability and demand of the Krugerrand remained largely unshakable. The demand for this coin has not waned through the years. To mark the 50th anniversary of the Krugerrand in 2017, the Rand Refinery, the only refinery in the country that produces authentic Krugerrands, made the first ever silver Krugerrand designed to compete with the rest of the silver bullion coins in the world.

The Krugerrand is a sovereign-minted coin that is universally recognised and easy to liquidate. South Africa is not only one of the biggest gold producers in the world but the government backed mint, the Rand Refinery is one of the most reputable in the world. It has processed more than 50,000 tons of gold since its inception in 1920. The Rand Refinery cultivated a fine reputation in the world and is renowned for producing high-quality product. To commemorate 50 years of the Rand refinery’s production of the Krugerrand, the refinery has launched its first ever, 2 oz. silver Krugerrand

The 2018 Silver Krugerrand upholds the legend of the brand. Like its gold contemporaries, the Silver Krugerrand gives investors a way to own bullion for a fraction of the cost. The 2018 Silver Krugerrand was marketed as a low-premium collector’s coin. Investors aren’t just paying for the precious material, but they are investing in something that may be worth something. Because it is a Krugerrand, this silver coin is extremely liquid.

The Rand refinery had not produced silver bullion coins until now. The 2018 silver Krugerrand is the first government-backed silver coin struck by the Rand Refinery. Much like the gold Krugerrand, the silver Krugerrand coin gives investors a great and cheaper way to invest in low-premium bullion. The 2018 Krugerrand is priced slightly higher over the melt value. It is marketed at a premium that is on the same level as the Australian Kangaroo, the Canadian Silver Maple Leaf, the Britannia and the Austrian Philharmonic. This is definitely the coin to procure for serious coin collects and bullion investors alike. Silver has had a great run and more people are looking at the silver bullion market. The 2018 silver Krugerrand is the first of its kind and definitely worth every penny.

Sourced:

1. https://www.moderncoinmart.com/info-vault/articles/2018-silver-krugerrand.html
2. http://www.samint.co.za/2018-range/