premiums have dropped on sovereign silver coins from sovereign mints. Now is a great time to buy silver coins.
FORT WAYNE, Ind. - Jan. 27, 2023 - PRLog -- South African Mint is located in Centurion, Guateng province, South Africa and is responsible for minting coins of the South African rand for the South African Reserve Bank. It also works through partnership with the Rand Refinery for the production of the South African Krugerrand bullion coins.
Investor demand for the silver Krugerrand has increases with each annual release. Millions of Krugerrand Silver Coins are already in the hands of investors. Secondary Market Silver Krugerrands typically have the lowest premiums over spot price of all other sovereign bullion coins.
Krugerrands have a timeless design and it's easy to understand why they are popular as a trusted store of value for stacking.
The 2023 Mintage of the Krugerrand 1 oz Silver Coin is now available from bullion dealers.
FindBullionPrices.com tracks prices and dealer premiums of the 2023 Krugerrand Silver Coin, along with other sovereign government bullion coins.
Compare prices for dozens of bullion dealers all in a single place that is convenient and easy to use for investors, collectors, stackers and preppers.
2023 Government Silver coins are minted by many other sovereign mints worldwide, including the Royal Mint, Perth Mint, Austrian Mint and others. FindBullionPrices tracks prices of all major sovereign coins from online bullion dealers to help investors save money when buying silver coins.
Silver coins are a unique investment, savings vehicle and store of value all together. Silver will always maintain intrinsic value as it is heavily consumed as an industrial metal.
History of the South African Mint
Mineral exploration is a rich part of South Africa's history. The gold rush in the country began around 1886. The first national mint was established in the country in 1890 by Paul Kruger.
The Rand Refinery was established in 1920 to refine the gold ore that was extracted from the mines. This helped local miners receive a more equitable share of the profits for gold that had previously been sent to London to be refined.
The Rand Refinery is a private company. It is however, established by law that is allowed to manufacture and distribute legal tender coins such as the Krugerrand.
The Krugerrand is the original bullion coin created specifically for investors in 1967. It continues to remain popular with investors worldwide after more than 50 years. The design of these coins is one of the most recognized anywhere.
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