INDEXMelt value
$49
1 troy oz at $49.18 per oz silver spot
Typical asking premium over melt
$1.92 over melt
Median ask of 39 sellers; asking prices, not sales
The Krugerrand Silver 1 oz contains 1 troy ounce of fine silver. At $49.18 per ounce (spot as of October 31, 2026), its melt value is $49. Over the 90 days to October 30, 2026, 39 distinct sellers asked a median of $1.92 over melt for it. These are asking prices, not completed sales.
As of the last site build; refreshes when the page loads. See how these figures are made or the raw data (JSON).
Recent asks (12 of 39)
These are asking prices, not completed sales. Each premium is measured against the spot price on the day it was posted. Asks differ from one another by $1.74 (median absolute deviation): a spread, not a range to price within.
| Posted | Ask per item | Over melt | Spot that day | Subreddit | Item | Source |
|---|---|---|---|---|---|---|
| October 25, 2026 | $56.00 | $2.08 over melt | $53.92 | r/Pmsforsale | Silver Krugerrand | post |
| October 23, 2026 | $55.00 | $0.87 over melt | $54.13 | r/Pmsforsale | South African Krugerrand Silver Coin | post |
| October 17, 2026 | $60.00 | $2.85 over melt | $57.15 | r/Pmsforsale | 2018 Krugerrand | post |
| October 16, 2026 | $62.00 | $4.45 over melt | $57.55 | r/Pmsforsale | 2023 Krugerrand Silver | post |
| October 14, 2026 | $72.00 | $12.71 over melt | $59.29 | r/CoinSales | 2021 1oz South Africa Krugerrand | post |
| October 12, 2026 | $64.00 | $2.79 over melt | $61.21 | r/Pmsforsale | 2018 1 oz Krugerrand Silver | post |
| October 9, 2026 | $61.00 | $0.18 over melt | $60.82 | r/Pmsforsale | 2020 1 oz Silver Krugerrand | post |
| October 3, 2026 | $63.00 | $2.47 over melt | $60.53 | r/Pmsforsale | 1oz Silver Krugerrand (12 listed) | post |
| October 3, 2026 | $64.50 | $4.12 over melt | $60.38 | r/Pmsforsale | 2022 Krugerrand | post |
| September 30, 2026 | $63.00 | $1.92 over melt | $61.08 | r/Pmsforsale | 2021 BU Krugerrand Silver (3 listed) | post |
| September 27, 2026 | $64.00 | $0.17 under melt | $64.17 | r/Pmsforsale | 2023 South African Silver Krugerrand | post |
| September 23, 2026 | $66.00 | $0.54 under melt | $66.54 | r/Pmsforsale | 1 oz South African Krugerrand | post |
Item names are an automated extraction from each post, not the seller's own words.
Specifications
- Legal tender in
- South Africa
- Face value
- 1 rand
- Fineness
- .999
- Fine silver content
- 1 troy oz
- Coindex id
KRGS
The mint states a purity above 99.9 percent.
History
The first mint in Pretoria opened in 1892 on Church Square. After gold was discovered near Johannesburg in 1886, President Kruger's Zuid-Afrikaansche Republiek saw an urgent need for its own coinage. That mint closed after British forces occupied Pretoria in 1900, and a branch of Britain's Royal Mint opened in Pretoria in 1923.
The South African Mint has been a wholly owned subsidiary of the South African Reserve Bank since 1988. The first gold Krugerrand, introduced in 1967, was struck on the mint's historic Oom Paul press, a German machine built in 1891 for the first Pretoria mint. The mint makes the bullion Krugerrand jointly with Rand Refinery and also issues it in silver, and it added the Big 5 gold and platinum bullion coins in 2020.
Further reading
- South African Mint: Home to Oom Paulsamint.co.za
- South African Mint: About ussamint.co.za
- DITSONG Museums of South Africa: The Mint, from bullion to coinditsong.org.za
Compiled by Coindex from the sources above. It is not a statement by the mint.
Sources: specifications from the Coindex catalog, spot from Coindex's precious-metals feed, and asking prices from r/Pmsforsale and r/CoinSales posts matched to this exact product. Coindex does not sell bullion and is not a dealer.