Silver 1 oz bullion Krugerrand coins in minty condition.
Issued by the South African Mint in association with the Rand Refinery, these pre-owned silver one ounce Krugerrands are an excellent way to aquire a well-known silver coin at low premiums.
Minty coins are our hand-picked selection of bullion coins that are in mint condition and usually, but not always, have been minted in recent years. These coins may have slight toning and/or milk spots, which is a natural process and does not take away from the their bullion value. They may also have very slight production marks, which is the case for the latest bullion coins too. Any coins with more severe scratches and scuff marks would be classed as secondary market. Please note that 'minty' is not a traditional grade.
This is a great opportunity to purchase investment silver at cheap prices. These one ounce silver coins are sold on a marginal rate scheme known in the industry as the 'special scheme'. This means that when we sell second hand silver you will only pay VAT on the dealer's margin.
Following on from the success of the gold Krugerrands (the original one ounce bullion coin) the South African Mint, together with Rand Refinery, began issuing silver Krugerrands in 2017 in the form of a 'premium uncirculated' coin. This coincided with the 50th anniversary of first Krugerrand coin.
The first bullion silver Krugerrands were issued in 2018.
The obverse features the classic portrait of Boer President Paul Kruger with the inscription in Afrikaans and English:
SUID AFRIKA · SOUTH AFRICA
The reverse bears the iconic springbok, the national animal of South Africa. The coin bears the inscription with the date split either side of the antelope:
KRUGERRAND FYNSILWER 1 OZ FINE SILVER R1
|Weight / Size||1 Ounce|
|Silver Weight Troy Ounces||1|
|Fineness / Carat||0.999 Fine|
|Obverse Designer||Otto Schultz|
|Reverse Designer||Coert Steynberg|
|Mint / Brand||South African Mint|
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Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their precious metal content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.
Gold investment products are VAT free. Silver investment products are inclusive of VAT at the current rate unless otherwise stated.
All investment products are based on the live precious metal price. Prices will be fixed once the item has been added to the basket and recalculates just before checking out.
If your product is not a graded coin and is considered a bullion item, it should be noted that these are bought and sold on low premiums over their precious metal content and not solely for aesthetic purposes; therefore, some products may have edge knocks and/or marks. These edge knocks and marks do not alter the specifications of the coins.
Please note that all investment products are exempt from the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 and therefore customers do not have the right to cancel their order once the order has been accepted. If customers no longer wish to go ahead with their investment purchase, there is an option to sell the products back to Chard (1964) Ltd instead. View our current buy back prices.
View our full Terms & Conditions.
We aim to dispatch orders within 48 hours of receiving cleared funds. Our standard delivery methods are as follows.
If you wish to have your order sent by an alternative method (e.g., Saturday Guaranteed) please contact +441253343081 for more information. Please note, we will not dispatch high value orders over a bank holiday weekend.
For international delivery, please check with your local customs office for more information on custom duty and taxes.
Full delivery information can be found by clicking here.
We offer fully insured delivery on all special delivery options. We do need to pass on the cost of this insurance as it soon adds up shipping high value gold and silver products.
If you require any assistance, please do not hesitate to call the showroom on +441253343081 and one of our team can discuss your purchase.