The first silver krugerrand -- Great investment or overpriced bullion coin
To celebrate the 50th anniversary of the introduction of the gold Krugerrand, the South African Mint minted a silver version of the coin in 2017.
It is an iconic coin for many reasons; the South African Krugerrand is one of the most famous coins in the world. Available as a gold coin since 1967, it is considered the first of today’s generation of modern bullion coins.
After a quick search the cheapest price i can find is £36.
I'm not certain by any means i could see this coin gaining value in the future because of its possible collect ability.
There were one million minted though so...
I'm not sure, any chance i can have the opinions of the fine people at SSG
Thanks for reading and advice would be welcome!
I adore this coin! I gave one to my brother for his 50th and hold two. Maybe not the very best roi, but what a keystone piece to the entire edifice!
I agree, it's beautiful. My Dad says he used to tell my grandfather to buy them years ago when he was in his early twenties (dad couldn't afford them then) and my grandfather says he wished he had listened to him now! Sort of like me and my dad with crypto lol!
Cheers for your comment :)
That seems to be the going rate for them from what I can tell. I don't tend to buy those premium coins, but being that it's the first year, I could see how there's an extra premium on top. I think either way you go will be fine. Yes, you may pay more now, but then you'll have the coin.
I would say overpriced as the South African Mint was asking 100% premium over spot for their regularly minted. I would say let the first person eat the premium and I will look aftermarket in the Dubai market. Just like new cars rolling off the lot lose 20% right off.
A good idea! Cheers for the comment :)
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Good celebrity coin of 50th anniversary.🔑
I like it keep it up.