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The Symbol: 21611
The silver Krugerrand has been struck by the South African Mint since 2017, marking 50 years of the gold coin first issued in 1967. It holds one troy ounce of 999 fine silver, measures 38.73 mm and carries a face value of 1 rand. The obverse shows Paul Kruger, the reverse a springbok, both unchanged since the first issue. Sold under the VAT margin scheme.
Availability: In stock 1030 PCs.
Price: 272.53
The silver Krugerrand contains one troy ounce of 999 fine silver and carries a face value of 1 rand. At 38.73 mm it is clearly larger than the 1 oz gold Krugerrand (32.77 mm) that South Africa has struck since 1967. The silver version arrived in 2017, for the 50th anniversary of the series.
| Feature | Value |
|---|---|
| Fine silver content | 31.1035 g (1 troy oz) |
| Fineness | 999/1000 |
| Face value | 1 rand |
| Country | South Africa |
| Diameter | 38.73 mm |
| Mint | South African Mint |
| Year | mixed, depending on stock |
| VAT | VAT margin scheme (Article 120 of the Polish VAT Act) |
The gold Krugerrand was launched in 1967 as the first gold coin designed as a mass product for private buyers. Around 1980 it accounted for most of the world trade in gold coins, and its format was later followed by the Maple Leaf, American Eagle and Vienna Philharmonic.
The 2017 silver version keeps the original design but is larger and struck in 999 fine silver. Krugerrands are distributed through Rand Refinery.
The obverse shows Paul Kruger, 19th-century president of the South African Republic, after a design by Otto Schultz; the coin takes its name from him and from the rand. The reverse shows a springbok, the national animal of South Africa, designed by Coert Steynberg.
Both designs have been unchanged since the first issue, so the year does not affect the appearance of the coin.
The year depends on stock and cannot be chosen. Weight, fineness, face value and diameter are the same in every year. The price is below that of the Krugerrand 2026 because there is no premium for the current issue.
Silver is not VAT exempt; the exemption in Article 122 of the Polish VAT Act covers gold bullion only. Mixed-year silver Krugerrands are sold under the VAT margin scheme (Article 120): tax applies to the dealer margin only and is not shown on the invoice. Current-year coins are sold at 23%.
Silver develops toning over time, first golden, later grey or bluish. Weight and fineness are unaffected, but an even surface is valued higher at resale. Keep the coin dry and do not clean it with silver paste.
We source coins from state mints and LBMA-accredited producers. Every shipment is insured and packed without any indication of its contents. We offer the silver Krugerrand in mixed years and as the 2026 issue. Through our gold and silver buyback you can sell coins bought from us back later, and the current price is shown on the silver price page.
| Coin | Mint | Fineness | Face value | Diameter |
|---|---|---|---|---|
| Krugerrand (this coin) | South African Mint | 999 | 1 rand | 38.73 mm |
| Maple Leaf | Royal Canadian Mint | 999.9 | 5 Canadian dollars | 38.00 mm |
| Britannia | The Royal Mint | 999 | 2 pounds | 38.61 mm |
| Kangaroo | The Perth Mint | 999.9 | 1 Australian dollar | 40.60 mm |
| American Eagle | United States Mint | 999 | 1 US dollar | 40.60 mm |
| Vienna Philharmonic | Austrian Mint | 999 | 1.50 euros | 37.00 mm |
| Noah's Ark | LEV Leipzig | 999 | 500 dram | 38.60 mm |
Since 2017. It was introduced for the 50th anniversary of the gold Krugerrand, struck since 1967.
No. The silver Krugerrand measures 38.73 mm, the 1 oz gold Krugerrand 32.77 mm.
One troy ounce, i.e. 31.1035 g of silver at 999/1000 fineness.
Only by the date. Paul Kruger and the springbok have been unchanged since the first issue.
Under the margin scheme in Article 120 of the Polish VAT Act. The tax is included in the price and input VAT cannot be reclaimed.
Yes. What counts is the current silver price and the condition of the coin, not the year.
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