Silver Krugerrand in Utah
Silver Krugerrand in Utah: Buy or Sell
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Silver Krugerrands in Utah are One Troy Oz (31.1 grams) each. Also, these coins are minted by the South African Mint. Additionally, the first silver bullion SA coin was produced in 2018, which makes it a recent addition to government bullion coins.Â
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Also, each of these bullion coins contain 1 troy oz of pure .999 silver bullion. Mined in South Africa. The front of the coin is an image of Stephanus Johannes Paulus (Paul) Kruger and the nominal value of the coin (1 Rand). The reverse contains the image of the pronking spring buck, South Africa’s National Animal.
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Unlike most other govt. bullion coins, The Silver Krugerrand in Utah comes in tubes of 25. There are 500 coins in a Monster Box.
These coins are a great alternative for those looking for affordable government bullion coins.
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The South African Mint and Silver Krugerrands in Utah
The South African Mint is the maker of Silver Krugerrand coins in Utah. Besides, it is one of the oldest and most respected mints in the world, with a history dating back to the late 19th century. Also, the mint was established in 1892. Of course, following the discovery of gold and other valuable minerals in South Africa. As a result, it led to a rapid expansion of the country’s economy.
The first coins minted by the South African Mint were the gold sovereign and half-sovereign coins. And they were produced under license from the British Royal Mint. Also, in 1923, the mint began producing South African coins. Of course, featuring designs that were unique to the country. Including the famous “Springbok” series, which featured the image of a springbok antelope.
In the 1960s, the mint began producing the Krugerrand. And it quickly became one of the world’s most popular gold coins. Because of its high gold content and low premium over the spot price of gold. Furthermore, the Krugerrand was also notable for its unique design. And featured the image of Paul Kruger, a former president of the South African Republic, on the obverse side.
Over the years, the South African Mint has continued to produce a wide range of coins. Including commemorative coins, bullion coins, and circulating coins. Also, today, the mint is owned by the South African Reserve Bank. Besides, it is recognized as a leading producer of high-quality coins that are valued by collectors and investors around the world.