2020 1oz Silver Krugerand

The Krugerrand is a bullion coin first produced in 1967 in South Africa. Originally made from gold, a silver version was introduced later.

It was the first bullion coin to contain one troy ounce of gold.

The coin's value is based on the current price of the precious metal it contains, rather than a fixed face value.

Design:

The obverse side features a portrait of Paul Kruger, the first president of South Africa.

The reverse side displays a Springbok, an antelope that is a national symbol of South Africa.

Key Features:

The coin is made from 1 ounce of fine silver.

The 2020 date is displayed on either side of the springbok on the reverse.

The coin's edge is reeded.

Historical Significance:

The Krugerrand was introduced to promote South African gold and increase demand.

During the apartheid era, some countries banned the import of Krugerrands.

It remains one of the most popular gold and silver bullion coins in the world. The coin is considered a store of value, especially during times of economic instability.