Investments in bullion products are not FCA regulated. The value of your investment can go down as well as up. Past performance is not indicative of future results.
South African Krugerrand 2024 1oz Silver Bullion Coin
Bullion | 999 Fine Silver
Price: From £31.13
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Product code: B24KR1S
Our pricing* (estimated)
Quantity
Unit Price (ex VAT)
1
£33.38
2+
£33.10
5+
£32.84
10+
£32.58
20+
£32.31
50+
£32.05
100+
£31.63
250+
£31.38
500+
£31.13
Silver Bullion
Bullion refers to a non-ferrous alloy that is refined to a high standard in both weight and purity. Due to its alloy count, bullion is a great option for investment.
People buy them for the intrinsic value of the precious metal they contain, so production places greater emphasis on efficiency. They are struck at a rate of up to 250 gold and 3,000 silver coins per hour and are of a similar standard to Brilliant Uncirculated coins.
Store in The Vault, our on-site precious metal storage facility
Free Delivery
Free UK delivery on all bullion products to your registered address
The Krugerrand coin has been minted since 1967 by The Rand Refinery in South Africa and is one of the most popular bullion investment coins in the world. Unlike the gold variation, the silver Krugerrand was first minted in 2017.
The 1oz silver Krugerrand is easily identifiable by its 999 fineness and its unique design. The coin reverse features the pronking springbok, the national animal of South Africa, whilst the obverse presents a profile of Paul Kruger, the former President of the South African Republic.
Key Points:
The silver Krugerrand is 999 fineness and contains 1 troy ounce of silver.
Individually packaged in a single coin capsule.
Finished to The South African Mint’s bullion standard.
Please note, these coins are not exempt from Capital Gains Tax.
How are bullion prices calculated?
The 'buy' and 'sell' prices shown on the website represent the market value of raw vaulted metal in an 'unallocated' form. This is the standard way prices are quoted throughout the bullion industry. In order for The Royal Mint to deliver beautifully crafted precious metals products to your address, or to our vault, a number of processes must take place, all of which incur a cost. These processes include transportation, refining, minting, quality checking and merchandising.
The price at which The Royal Mint is able to sell bullion products to consumers is therefore made up of the 'spot price' (the buy price) plus an additional premium. The premium accounts for the costs incurred in manufacturing a particular product and is usually either a percentage of the buy price or a fixed monetary amount. In short, manufactured bullion products always sell at a premium to enable retailers and manufacturers to cover their costs.
Can I spend/pay using my bullion coins?
All UK coins, whether circulating or non-circulating, are authorised as “legal tender” by Royal Proclamation, in accordance with the Coinage Act of 1971.
Legal tender allows UK coins to be accepted for payment of debts in court – but, only circulating legal tender coins are designed to be spent and traded at businesses and banks. The Royal Mint creates commemorative and bullion coin series to celebrate key moments or individuals, and these are treasured for their collectable and aesthetic value, or purchased for investment opportunities. However, these non-circulating, commemorative and bullion coins are limited edition and will not enter general circulation – meaning banks and businesses are not required to accept them.