The Silver Krugerrand, struck by the South African Mint since 2017, contains one ounce (31.1035 g) at a fineness of 999. Its buyback value follows the fine weight times the day's spot price, plus a market premium.
The Krugerrand is first known as a gold coin. Since 2017, the South African Mint has also struck a silver version: one troy ounce (31.1035 g) at a fineness of 999, about 31.07 g of fine silver. It reuses the historic designs: Paul Kruger on the obverse, the springbok on the reverse.
It is a relatively recent bullion coin on the silver market, sought for its metal and the fame of the Krugerrand name. Like other investment ounces, it is not meant to carry a strong numismatic premium, apart from special editions or early years prized by some collectors.
The metal value is calculated as: 31.1035 g × 0.999 × the day's silver price. The world spot is the same for every buyer; the gap between two offers comes from the professional's margin and the coin premium.
To judge a buyback offer, compare it with the fine weight times the current spot. Our silver buyback page lets you put professionals in competition. The method is the same as for the Silver Britannia, another ounce struck at 999.
The Silver Krugerrand's premium depends on demand, packaging and condition. As its distribution is more recent, the premium can vary by region and period. A coin in its original capsule or tube, uncleaned, is generally better valued than a scratched one.
At buyback, the professional authenticates the coin (weight, dimensions), identifies the year, then applies its schedule. Payment is made by bank transfer or cheque above cash limits, with ID and register entry. Do not confuse the silver version with the gold Krugerrand, whose value rests on an entirely different metal.
The silver version of the Krugerrand has been struck since 2017 by the South African Mint. It weighs one troy ounce (31.1035 g) at 999 fineness, i.e. about 31.07 g of fine silver.
Yes. They are two different coins: one in silver (999), the other in gold. Their value rests on distinct metals and is not calculated the same way.