South African Silver Krugerrand
Fineness: .999 pure silver
Weight: 1.0 troy ounce
Face value: 1 Rand
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In August 2018, for the first time in it's 50+ year history, the South African mint released a Silver Krugerrand. A one ounce coin minted to a purity of .999, the Silver Krugerrand mirrors it's gold counterpart, with the reverse featuring the springbok and the obverse the bust of Paul Kruger, who played a significant role in South Africa gaining independence from Britain in the late 1800's. Offered at a slightly lower premium to the popular American Silver Eagle, the Silver Krugerrand is an attractice option for those looking to procure silver through one ounce government minted coins, at a slight lower cost per ounce. Add in the intrigue of 'first year of issue', and these are a great option for building a position in silver, especially at current prices.
A Quick Note on Silver Prices:
The current ratio of gold to silver of roughly 85:1 is within throwing distance of most undervalued condition in the market's history. Even a return to the historic average of 62:1 would have remarkable implications for the silver price. In fact, widely read technical analyst Clive Maund called the current silver market ‘The most bullish set up for silver that I have ever seen.” For a more detailed review of silver ownership, we invite you to read our special report linked immediately below.