The 2022 Silver Krugerrand continues the modern expansion of the Krugerrand program into silver bullion, first introduced in 2017. This coin is minted in .999 fine silver and carries the classic Krugerrand design. It offers collectors and investors a globally recognised brand in silver form. Unlike many novelty rounds, the Silver Krugerrand is backed by the credibility of the South African Mint, sharing its historic gold counterpart’s visual identity.
Purity & Weight – 1 troy ounce (31.1g) of silver at .999 fineness
Design – Obverse: Paul Kruger portrait; Reverse: Springbok antelope (classic Krugerrand design)
Legal Tender / Backing – Minted by the South African Mint; functions as a bullion coin (though face value is symbolic)
Brand Recognition – Shares design identity with the gold Krugerrand, one of the world’s most recognised bullion coins
Investment / Collectibility – Attractive to silver investors who appreciate brand consistency and want exposure via a known bullion name
The obverse bears the bust of Paul Kruger (as with the gold Krugerrand) flanked by the inscriptions “SUID-AFRIKA”and “SOUTH AFRICA”.
The reverse depicts a springbok antelope mid-leap, with “KRUGERRAND”, the year “2022”, and the weight / purity legends in both Afrikaans and English, e.g. “FYNSILWER 1 OZ FINE SILVER * R1”.
The coin is struck in Brilliant Uncirculated (BU) finish for the bullion version.
Metal: Silver, 99.9% purity (.999 fineness)
Weight: 1 troy ounce (31.1g)
Year: 2022
Denomination: R1 (face value, symbolic)
Mint / Producer: South African Mint (in conjunction with Rand Refinery)
Finish: Brilliant Uncirculated (for the bullion version)
Packaging: Often supplied in protective capsule; tubes of 25 for bulk; monster boxes (500) in some cases.
Mintage / Limits: For proof version, capped at 20,000 pieces for 2022.
The 2022 Silver Krugerrand is delivered in protective packaging (capsules) for individual coins. Dealers typically package multiples in tubes of 25; larger orders may come in monster boxes with 500 coins.
The proof issue is limited to 20,000 pieces, making it more collectible. Availability for bullion (BU) coins is generally broader, while proof coins tend to sell out.
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