A South African Silver Krugerrand contains 0.9991 troy oz of pure silver, worth $54.00 at today's spot price.
The silver Krugerrand was introduced for the coin's 50th anniversary in 2017, with the same Paul Kruger and springbok design as the gold coin.
Melt values use these spot prices (US dollars):
- Silver $54.05 per troy oz Current quote · Quote time Oct 23, 10:19 PM EDT
Some prices could not be refreshed recently and may be out of date.
Melt value is the metal content at spot price, not a buy or sell price. Collectible coins can be worth much more. For reference only.
Specifications
| Years | 2017–present |
|---|---|
| Face value | 1 ZAR |
| Composition | 99.9% silver |
| Gross weight | 31.107 g |
| Fineness | .999 (99.9%) |
| Pure metal | 0.9991 troy oz (31.076 g) |
| Diameter | 38.7 mm |
| Mint tube | 25 coins (1 oz) |
How the melt value is worked out
Melt value is the pure silver in the coin multiplied by the spot price. We use the coin's standard minted weight; worn coins weigh slightly less.
-
31.107 g × .999 fine ÷ 31.1035 g per troy oz = 0.9991 troy oz
0.9991 troy oz × $54.05 spot = $54.00
How to identify it
- Paul Kruger on the obverse; a springbok antelope on the reverse.
Melt value vs. collector value
Bullion coins usually sell for a premium over melt value. Proof, low-mintage and graded coins can be worth considerably more than their metal.
Related tools
Sources
- The Royal Mint: Krugerrand 2024 1 oz silver bullion coin — checked 2026-10-22
- JM Bullion — checked 2026-10-22