The South African Krugerrand silver coin is an official South African coin and was first minted by the South African Mint in 2017. This coin was produced to celebrate the 50th anniversary of the Golden Krugerrand, one of the most popular coins in the world, first minted in 1967 with the main purpose of supporting the South African gold market.
The name of this gold coin comes from the portrait of Paul Kruger printed on the front, while on the reverse side is a gazelle (springbok), one of South Africa's national symbols. The name "Suid-Afrika/South Africa" is shown in Afrikaans and English. The coins are made of 99.90% pure silver (0.9990). The face value of an ounce of Krugerrand silver is 1 South African Ran.
The silver Krugerrand is a popular coin all around the world. It features on the obverse side with historic elements of South Africa, like for instance the South Africans Republic's first president, Paul Kruger. On the reverse side, we can see the springbok, which is the national animal of South Africa.
