In 1890, the South African Mint first opened. The country was annexed by the British Empire in 1902 and the mint was discontinued when a new branch of the British Royal Mint took its place. It was not until 1941 that the mint reopened as the South African Mint again during the process in which the nation started to break relations with Britain.
Paul Kruger became president soon after the discovery of gold near what was to become Barberton, which prompted a fresh influx of uitlander diggers. In July 1886 an Australian prospector reported to the Transvaal government his discovery of an unprecedented gold reef between Pretoria and Heidelberg. The South African Republic's formal proclamation of this two months later prompted the Witwatersrand Gold Rush and the founding of Johannesburg, which within a few years was the largest city in southern Africa, populated almost entirely by uitlanders. The economic landscape of the region was transformed overnight—the South African Republic went from the verge of bankruptcy in 1886 to a fiscal output equal to the Cape Colony's the following year.
Paul Kruger, the namesake of the Silver Krugerrand Coin, was a significant military and political figure in South Africa. In their battle for independence from England, he was also viewed as a defender of the people.
Krugerrand coins were only available in the gold variety of the coin for the bulk of their existence. However, the South African Krugerrand marked its 50th anniversary in 2017 with the first-ever issue of a silver coin. This release was quite well received, causing it to become an annual release by the mint.
2021 South African Silver Krugerrand Coin
4th South African Silver Krugerrand, the face value of 1 Rand is fully backed by the South African government.
On the obverse face of the 2021 1 oz South African Silver Krugerrand Coin is a depiction of Paul Kruger. Paul Kruger's bust has appeared on countless earlier South African coins, including South African Pound denominations. It was revived for the Krugerrands in 1967.
The reverse field of 2021 South African Silver Krugerrands includes an image of the Springbok antelope. The Springbok antelope has also appeared on previous South African coinage but is most commonly associated with the Krugerrand Series. The antelope is shown in right-profile relief as it bounds across the plains of South Africa.
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My 2021 coins, so far:
- 2021 Austrian Silver Philharmonic
- 2021 Niue Roaring Lion Silver Coin
- 2021 St. Helena Silver Queen's Virtue Victory Coin
- 2021 Canadian Silver Maple Leaf
- 2021 China Silver Panda
- 2021 Australia The Great White Shark
- 2021 American Silver Eagle
- 2021 American Silver Eagle MS70 First Strike
- 2021 American Silver Eagle
And here is my 2020 South African Silver Krugerrand!
Source: Apmex, JM Bullion, SD Bullion, Wikipedia
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I am not a financial adviser. This article is not meant to be financial advice. My articles on cryptos and precious metals share my personal opinion, experiences, and general information on cryptos and precious metals.
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