1 oz Silver Coin - Krugerrand BU
VAT-FREE
Overview
Have you been thinking of adding silver coins to diversify your investments?
If so, we’re offering this beautiful 1 oz silver Krugerrand coin. Not only is it a legal tender coin, but it’s also VAT-free and can be a great addition to your precious metals savings.
Characteristics of the 1 oz Krugerrand silver coin
This Krugerrand legal tender coin is made out of 99.90% fine silver, weighing 1 oz (31.10 g) with a diameter of 38.70 mm.
The iconic coin symbolizes a significant chapter in South African history. First minted in 1967, it reflects the turbulent period of the late 19th century, particularly during the rule of President Paul Kruger.
The obverse of the 1 oz Krugerrand silver coin
The front side of the Krugerrand coin includes an iconic symbol of South Africa – the graceful springbok. Captured in mid-leap, the springbok stands as one of South Africa’s national symbols. Behind this elegant animal, you’ll see the South African savannah intricately designed to evoke the beauty of the region.
This beautiful design is the creation of the famous South African sculptor Coert Steynberg, adding a touch of artistic brilliance to the coin. The inscription “Fynsilwer,” translated from Afrikaans to “fine silver,” represents the coin’s silver purity.
Inscribed with “R1,” denoting its face value of one Rand, the coin combines aesthetic beauty with tangible value.
The reverse of the 1 oz Krugerrand silver coin
When you flip this coin, you’ll discover South Africa’s history with the portrait of President Paul Kruger, which has been intricately crafted by the skilled designer Otto Schultz. On either end of the coin, the inscription “Suid Afrika” and “South Africa” frames the president, who played a critical role in the establishment of the country.
Why invest in the 1 oz Krugerrand silver coin?
There are a number of reasons why the 1 oz Krugerrand coin can be a good investment.
- Legal tender coin: The Krugerrand silver coin is issued and guaranteed by the South African government, adding a layer of credibility and assurance to its authenticity and value.
- VAT-free coin: This coin is stored in a Swiss Freeport, meaning it’s exempt from VAT. This means you can save up to 20% on tax, making your investment more cost-effective.
- Similar to gold, silver has an intrinsic value - unlike paper currency, silver's finite supply contributes to its intrinsic value.
- Silver’s historical role: Throughout history, silver has been seen as a valuable asset, adding a historical context to its intrinsic value.
- Diversification for your portfolio: The 1 oz Krugerrand coin can be used to add diversity to your precious metals collection and help manage risk depending on your investment strategy.
If you’re looking to diversify to your portfolio with other silver products, you can browse through our silver bars collection.
How much is a 1 oz silver Krugerrand worth?
The price of Krugerrand coins, much like other silver coins, is determined by three main factors:
- The metal value - to work this out, you can multiply the current metal spot price by its weight. This is why it's useful to check the current silver price when deciding whether to sell or buy more.
- The fees - also called “premium,” which take into account our production and operational costs, as well as our margin.
- The VAT - usually, VAT is added to the final price of silver, but since this coin is stored in a tax-free storage facility, it’s exempt from VAT.
There is also an easier way to check the current price of a 1 oz silver Krugerrand coin. You can click on the price details next to the product images to see the above price breakdown.
What is the best way to store your 1 oz Krugerrand silver coin?
Storing your coin is pretty straightforward and simple.
Your silver coin will be stored in our secure storage facility in the Swiss Freeport and, therefore, will be exempt from VAT.
Our unique storage solution offers free storage (up to €10,000/£8,500) in our secure vaults that are independent of the banking system. They’re also inaccessible to the public for safety reasons and insured against any theft, loss, and damages.
On top of that, you can instantly and securely resell your coins to us at the spot price at any time, commission-free.
Specifications
History
The Krugerrand coin has a rich history dating back to 1967 when South Africa first introduced it. Originally, it was meant to promote South African gold, but it quickly became one of the most popular and widely traded gold coins globally. Due to its success, a silver version was later introduced, offering investors and collectors a more affordable yet equally prestigious option.
Today, the 1 oz silver Krugerrand coin is a symbol of South Africa's contribution to the precious metals market. Its iconic design, featuring Paul Kruger, the former president of the South African Republic, on one side and a springbok antelope on the other, reflects the nation's cultural and natural heritage.
Have you been thinking of adding silver coins to diversify your investments?
If so, we’re offering this beautiful 1 oz silver Krugerrand coin. Not only is it a legal tender coin, but it’s also VAT-free and can be a great addition to your precious metals savings.
Characteristics of the 1 oz Krugerrand silver coin
This Krugerrand legal tender coin is made out of 99.90% fine silver, weighing 1 oz (31.10 g) with a diameter of 38.70 mm.
The iconic coin symbolizes a significant chapter in South African history. First minted in 1967, it reflects the turbulent period of the late 19th century, particularly during the rule of President Paul Kruger.
The obverse of the 1 oz Krugerrand silver coin
The front side of the Krugerrand coin includes an iconic symbol of South Africa – the graceful springbok. Captured in mid-leap, the springbok stands as one of South Africa’s national symbols. Behind this elegant animal, you’ll see the South African savannah intricately designed to evoke the beauty of the region.
This beautiful design is the creation of the famous South African sculptor Coert Steynberg, adding a touch of artistic brilliance to the coin. The inscription “Fynsilwer,” translated from Afrikaans to “fine silver,” represents the coin’s silver purity.
Inscribed with “R1,” denoting its face value of one Rand, the coin combines aesthetic beauty with tangible value.
The reverse of the 1 oz Krugerrand silver coin
When you flip this coin, you’ll discover South Africa’s history with the portrait of President Paul Kruger, which has been intricately crafted by the skilled designer Otto Schultz. On either end of the coin, the inscription “Suid Afrika” and “South Africa” frames the president, who played a critical role in the establishment of the country.
Why invest in the 1 oz Krugerrand silver coin?
There are a number of reasons why the 1 oz Krugerrand coin can be a good investment.
- Legal tender coin: The Krugerrand silver coin is issued and guaranteed by the South African government, adding a layer of credibility and assurance to its authenticity and value.
- VAT-free coin: This coin is stored in a Swiss Freeport, meaning it’s exempt from VAT. This means you can save up to 20% on tax, making your investment more cost-effective.
- Similar to gold, silver has an intrinsic value - unlike paper currency, silver's finite supply contributes to its intrinsic value.
- Silver’s historical role: Throughout history, silver has been seen as a valuable asset, adding a historical context to its intrinsic value.
- Diversification for your portfolio: The 1 oz Krugerrand coin can be used to add diversity to your precious metals collection and help manage risk depending on your investment strategy.
If you’re looking to diversify to your portfolio with other silver products, you can browse through our silver bars collection.
How much is a 1 oz silver Krugerrand worth?
The price of Krugerrand coins, much like other silver coins, is determined by three main factors:
- The metal value - to work this out, you can multiply the current metal spot price by its weight. This is why it's useful to check the current silver price when deciding whether to sell or buy more.
- The fees - also called “premium,” which take into account our production and operational costs, as well as our margin.
- The VAT - usually, VAT is added to the final price of silver, but since this coin is stored in a tax-free storage facility, it’s exempt from VAT.
There is also an easier way to check the current price of a 1 oz silver Krugerrand coin. You can click on the price details next to the product images to see the above price breakdown.
What is the best way to store your 1 oz Krugerrand silver coin?
Storing your coin is pretty straightforward and simple.
Your silver coin will be stored in our secure storage facility in the Swiss Freeport and, therefore, will be exempt from VAT.
Our unique storage solution offers free storage (up to €10,000/£8,500) in our secure vaults that are independent of the banking system. They’re also inaccessible to the public for safety reasons and insured against any theft, loss, and damages.
On top of that, you can instantly and securely resell your coins to us at the spot price at any time, commission-free.
