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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 two-ounce (2 oz) format. These include silver 2 oz Krugerrands, 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 two ounces of pure silver or 2oz Absolute Silver Weight (2.000 oz ASW). | ||||
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Royal Mint |
Country | South Africa |
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Currency | Rand |
Sub-types |
Silver Two Ounces (2 oz) Krugerrand |
From | 2015 |
Face Value | 2 (x Rand) |
Current | Yes |
Material | 0.999 Silver |
Designer | |
Technology | Milled (machine-made) |
Shape | Round |
Orientation | Medal Alignment (Axis 0) |
Size | |
Mass | 62.2380 g |
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Handbook of United States Coins 2025 |