Silver Ounce (1 oz), Coin Type from South Africa - detailed information

Silver Ounce (1 oz), Coin Type from South Africa (issued 1994 - )
Coin TypeSilver Ounce (1 oz)

South Africa pioneered modern bullion coinage when it first issued the Krugerrand on 3 July 1967 to help market South African gold; it is the first modern bullion coin and is still issued today.

Gradually, the South African Mint started diversifying the range, first by issuing fractional Krugerrands, then by introducing different designs and metals, such as a silver one-ounce (1 oz) format. These include silver 1 oz Krugerrands, the Protea series, the Natura series, as well as one-year types that do not fall into a particular series. Some are made of Sterling silver (92.5%), and some are 99.9% silver; the Sterling versions are overall heavier though, so they also contain exactly one ounce of pure silver or 1oz Absolute Silver Weight (1.000 oz ASW).

Obverse
South Africa / Silver Ounce (1 oz) - obverse photo

The obverse of the Krugerrand coin depicts a portrait of Paul Kruger, President of the South African Republic (or Transvaal) from 1883 to 1900, facing left.

Around above, the legend SUID-AFRIKA · SOUTH AFRICA. Suid-Afrika is the name of South Africa in Afrikaans, which was the only official language of the country apart from English at the time the coins were initially issued.

Coins of the other series are individually described in the listings below.

Obverse InscriptionSUID-AFRIKA · SOUTH AFRICA
Reverse
South Africa / Silver Ounce (1 oz) - reverse photo

The reverse of the Krugerrand shows at its centre a Springbok antelope, the national animal symbol of South Africa, which divides the date: [year].

Around above, the name of the coin: KRUGERRAND.

Around below, the composition and weight in Afrikaans and English and the face value: FYNSILWER 1 OZ FINE SILVER R1.

The designer's initials CLS (for Coert Laurens Steynberg) are in the right field between the letters OL of GOLD and the ground under the Springbok.

Coins of the other series are individually described in the listings below.

Reverse InscriptionKRUGERRAND [year] FYNSILWER 1 OZ FINE SILVER R1
EdgeMilled
Edge InscriptionNone
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Silver Ounce (1 oz): Details
CountrySouth Africa
CurrencyRand
Sub-types Silver Ounce (1 oz) Crown
Silver Ounce (1 oz) Krugerrand
From1994
Face Value1 (x Rand)
CurrentYes
Material0.999 Silver
Designer
TechnologyMilled (machine-made)
ShapeRound
OrientationMedal Alignment (Axis 0)
Size (mm)38.7250
Mass (g)31.1070
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