The 2017 Silver Krugerrand: A Commemorative Milestone
To honor the 50th anniversary of the iconic gold Krugerrand, the South African Mint issued its first-ever 1 oz silver Krugerrand in 2017, alongside a 1 oz platinum 10-rand Krugerrand and new sizes of the flagship gold coin.
History of The South African Krugerrand Bullion Coin
The South African Krugerrand, introduced in 1967, was a pioneer among modern bullion coins. Born out of South Africa’s dominance in global gold production in the late 1960s, the Krugerrand anticipated the end of the gold standard and aimed to create a valuable gold coin for the open market.
The 2017 Silver Krugerrand – More Than Just a Bullion Coin
The 2017 Silver Krugerrand marks a significant milestone in the South African Mint’s bullion coin program. This coin not only serves as a one-ounce silver bullion piece but also stands as a special commemorative coin celebrating a new era in investment coinage.
Market Data and Noteworthy Specimens
A survey of eBay prices revealed that the 2017 Silver Krugerrand holds a collector premium, with NGC SP70 coins priced between $70 and $80 and PCGS 70 grades fetching around $100. Despite fluctuations in silver prices, this coin has retained its collector appeal and stature as a key date in the series.
Design
The 2017 Silver Krugerrand boasts an enhanced version of the original design, featuring intricate details achieved through cutting-edge technology. Struck in Proof and Premium Uncirculated finishes, the coin’s design captures the essence of the original Krugerrand with a modern touch.
Designers
Otto Schultz and Coert Steynberg, renowned engravers and sculptors, were the creative minds behind the iconic designs featured on the 2017 Silver Krugerrand.
Coin Specifications
With a mintage of 1,000,000 (Premium Uncirculated) and 15,000 (Proof), the 2017 Silver Krugerrand is crafted from .999 silver, weighing 31.1 g and measuring 38.7 mm in diameter. The coin features reeded edges and showcases the exceptional craftsmanship of its designers.
Insight: The continued popularity of the 2017 Silver Krugerrand reflects the enduring appeal of commemorative coins and the significance of milestones in numismatic history. Collectors value these coins not only for their precious metal content but also for their unique designs and historical significance. As more coins are issued in commemoration of key events, enthusiasts seek to expand their collections with these special pieces.