Thursday, November 10, 2016

Global Interest In Silver Investment Expands As South Africa Adds New Silver Krugerrand

As interest in silver investment expands throughout the world, the South African Mint will produce its first 1 oz Silver Krugerrand, to be released this November. This is quite remarkable as the South African Mint has been producing Gold Krugerrands since 1967.

Matter-a-fact, the South African Mint has produced over 50 million oz of Gold Krugerrands over the past 49 years. It is the largest Official Gold coin producer in the world. The U.S. Mint’s Gold Eagle comes in second with over 22 million oz produced since the program started in 1987.

With the 50 year anniversary of the minting of the Gold Krugerrand in 2017, the South African Government will also release a new 1 oz Platinum Krugerrand along with its new silver coin. They also plan on adding some addition sizes of the Gold Krugerrand, such as a 1/20th, 1/50th oz variants as well as a 5 oz coin.

However, the big deal for the silver investor will be the new 1 oz Silver Krugerrand:



The South African Mint plans on releasing 500,000 of the 1 oz 2017 Silver Krugerrand next year, along with 15,000 proofs. I imagine they plan to see how successful the initial coin sales of the Silver Krugerrand will be before they revise their annual mintage figures.

- Source, SRSRocco, read more here

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