Krugerrand 1oz Silver Coin 2024 | margin scheme
Rand Refinery
Rand Refinery (Pty) Ltd, located in Germiston, South Africa, was founded in 1920 by the Chamber of Mines. It is the world’s largest integrated single-site precious metals refinery and smelter. The refinery processes raw gold to a minimum purity of 99.5%, used for bars or as material for Krugerrand coins. It plays a central role in the global gold market. Rand Refinery is one of only five LBMA Good Delivery Referees, guaranteeing top standards in quality, purity, and sourcing.
GPSR: Rand Refinery Limited
P.O. Box 565
1400 Germiston, South Africa
gold@gold.co.za
+27 (011) 418-9000
🇿🇦 Krugerrand 2024 – 1 oz Silver Coin – South Africa’s Classic in Radiant Purity
The Krugerrand 2024 – 1 oz Silver Coin represents the silver edition of an icon whose history reaches back more than half a century. First introduced as a gold bullion coin in 1967, the Krugerrand quickly became one of the world’s most renowned coin programs. Since 2017 it has also been issued in silver, a development that has firmly established this version as a worthy extension of a cultural and numismatic symbol. The 2024 release continues this tradition, presenting the characteristic motifs of the Krugerrand in a clear, balanced, and confidently executed silver strike.
The obverse immediately reveals the historic connection that gives the Krugerrand its unmistakable identity: the portrait of Paul Kruger, former President of the South African Republic. His distinctive facial features, long beard, and calm expression have become an enduring emblem of South African history. The surrounding inscription “SUID-AFRIKA – SOUTH AFRICA” highlights the country’s bilingual heritage and links tradition with modern statehood. The engraving is strong and cleanly modeled; Kruger is not presented as a heroic figure but as the historical anchor of the coin series.
The reverse features the springbok, South Africa’s national animal and the heart of the Krugerrand design. The springbok symbolizes agility, freedom, and the expansiveness of the African landscape. On the 2024 issue, it appears in the familiar and long-appreciated style: light in its leap, elegantly proportioned, finely contoured—combining a sense of motion with a quiet, natural poise. The lines of the ground, the slender posture, and the clean outlines of the horns give the motif a graceful clarity. Above the image appears the word “KRUGERRAND,” unchanged since its introduction in 1967 and firmly anchoring the coin’s identity. Below, the year of issue and the metal specifications—“FYNSILWER 1 OZ FINE SILVER”—indicate its 99.9% silver purity.
The 1 oz denomination holds particular significance within the series. It offers ample space for fine detail while retaining a classic format that appeals equally to investors and collectors. In silver, the motif gains a new dimension: the bright metal creates a nuanced play of light and shadow that enhances the relief. Subtle transitions between matte and polished areas give the springbok a near-sculptural presence, while Kruger’s portrait stands out in crisp, clean lines.
A defining feature of the silver Krugerrands is the reeded edge, serving both aesthetic and security purposes. The purity of the silver results in a bright, refined surface that lends the coin an understated yet impressive elegance.
Symbolically, the Krugerrand is more than a bullion coin. The springbok represents the open savannas—natural strength and a serene calm rooted in the landscape itself. Paul Kruger embodies a chapter of national history that has, in both gold and silver, become a part of the country’s cultural memory. Together they form a coin that expresses identity, connection to nature, and resilience.
The 2024 edition reflects the ongoing refinement of South African minting craftsmanship. The lines are precise, the figures clearly defined, and the surfaces executed with the high quality for which the series is known. Every contour and every reflection of light reflect the result of carefully calibrated engraving, giving the Krugerrand its unmistakable character.
As a bullion coin, the Krugerrand 2024 – 1 oz Silver Coin combines aesthetic clarity, historical depth, and timeless symbolism. It is a piece of South African culture preserved in pure silver—crafted for collectors who appreciate tradition and for investors who rely on consistency and recognition.
The Krugerrand 2024 – 1 oz Silver Coin thus stands as a silvery continuation of the story that has shaped the series since 1967: a symbol of strength, heritage, and the quiet elegance of a national emblem.
| Metal | Silver |
| Form | Silver Coin |
| Country of Origin | South Africa |
| Manufacturer | Rand Refinery |
| Series | Krugerrand |
| Purity | 999/1000 |
| Fineweight | 31.10 gram |
| Year of issue | 2024 |
| Grade | Brilliant |
| Condition | Uncirculated |
| Face value | 1 Rand |
| Thickness | 3.15 mm |
| Diameter | 38.7 mm |
| Packaging | Single in Pouch |
| Packaging Unit | 25 per tube |
| Large Packaging 2 | 500 per Box |