Silver Krugerrand Bullion Coins - Silver Stacking Dream or Nightmare?
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- čas přidán 16. 07. 2020
- In this video I talk about Silver Krugerrand Bullion Coins. The silver Krugerrands were released in 2017 with the proof like version and then in 2018 with the BU version. The 2017 Silver Krugerrand had a mintage of 1 Million. In the video I show my 2018 silver Krugerrand coin as well as my 2020 silver Krugerrand coin. The Krugerrand silver coins in 2020 will likely have a large mintage because of the demand. I do briefly compare the silver Krugerrand vs american eagle and the premiums are much lower on the silver Krugs right now. I have not yet come across a fake silver Krugerrand, but I know that the gold krugerrands have been faked. the 1 oz silver Krugerrand is a better buy than the 2 oz silver Krugerrand coins in my opinion, because it is more liquid. When you are silver stacking it is important to buy at a low price. I think that the silver Krugerrand coin is a great option for silver stacking or silver investing.
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Topics I cover in this video: silver krugerrand, silver krugerrands, silver krugerrand 2020, silver krugerrand vs american eagle, silver krugerrand 2017, silver krugerrand 2017 mintage, silver krugerrrand coin, silver krugerrand coins, silver krugerrand bullion coins, silver krugerrand coin 2020, fake silver krugerrand, 1 oz silver krugerrand, 2 oz silver krugerrand, 2020 silver krugerrand, silver stacking, silver investing, silver stacking 2020, silver bullion, silver coins
#silver #silverstacking #krugerrand
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I love Krugerrands because of the name recognition. I prefer Maples and Krugerrands rather than the OVER PRICED Eagles. Few people know Eagles go through a double mark up before you buy one. It is insane. I may not love the old Queen, but she isn't marking them up like Uncle Sam! I haven't had any problem with milk spots on my Krugerrands.
yeah everyone knows the krugs for sure! 🔥🐉
As a south african, these make up about 90% of my stack. They're nice, but honestly every government backed bullion coin has it's own charm. The coolest thing about these IMO is the history
I absolutely LOVE my Silver Krugerrands!! One of my favorite coins!
they are very cool for sure! 👍🏽🔥🐉
Literally just got my first silver Krugerrand today.
I got my first Krugerrand yesterday.
that is awesome congrats! 🔥🐉
Asking your LCS what they like is a really good idea. Keep doing what you do👍
oh for sure and thanks a bunch! 🔥🐉
Every time I get a gold Krugerrand, I feel like Arjen Rudd from Lethal Weapon 2.
lol i’m sure it’s a good feeling 😁🔥🐉
Literally why I get kugerrand over bars...lethal weapon was one of the best series of my childhood
diplomatic immunity!
I just bought 25 of these. “Only” $6.25 over spot. “On sale,” said JM Bullion 😂
Hi Bob! Looooove your show :)
Same, bought a few just for the collect. P.s. love your show, lots to see in east Tx.
Didn't think Bobby G was buying Krugerrands. Love the channel, Bob. All the best.
I prefer Money Metals. Lowest price imo.
First time watching,thanks I am enjoying my stacking.
Sweet video. Thanks man. I bought a tube of 25 this morning. 🙌
Picked up my first 2020 silver Kruegerand at the coin show today 👍. Good looking coin!
I appreciate that you're gloving a less than $25 coin
lol it’s so that it looks better on camera but yeah I did glove it 🔥🐉
Picked up 3 of these recently. Love the matted look to them.
very cool! stack on my friend! 🔥🐉
New to stacking and started late. I have two silver and two gold Krugerrand I'm in the UK trying to get a 1oz gold Britannia but they're so expensive. I have a half but will try to get some more fractional pieces incase I need to cash out. I love the small silver bars also. I have so much to learn.Really enjoying your videos. 🤓
I like only the gold Krugerrand from an earlier era 1967-1989.
And if one can find them today from a reputable source, one should buy as much as one can.
During that time the Krugerrand was unimpeachable, and commanded the market, even when Canada, the US, Britain, Austria and Australia had jumped on the bandwagon, so to speak.
In that chronological order I think.
Nice video, SD. Definitely liked.
yeah everyone saw how much money they made and jumped on board 😂🔥🐉
Maples and Libertads are my favorite, but for the lower premium I love the Krugerrands. Nice clean design, and I like the summetry of the 2020 coin. I prefer them over Kangaroos, Brittanias, and Philharmonics.
I love the krugerrand. My first ever coin I saw or held was a gold Krugerrand. I would be buying gold if it wasn't as expensive as it is. I do like stacking silver so that's what I'm doing. Just bought 10 of them.
I want one of each government coin from 2020! I said I wasn’t going to be a collector, but having variety makes stacking more fun. Planning on getting a 5 Oz and 2 Oz Aztec rounds next as my first non-1 Ounce coins/rounds.
nice! variety is the spice of life 😁🔥🐉
Variety makes it more fun, but when you have the best, why not only buy the best?
Love a bit of variety too. Boring to just by the same thing every time. My aim is to buy a variety of coins to see which one I prefer then to buy mainly one type.
throwing shade on the queen, how cheeky,lol. Stay safe SD...from MI6 that is!
😂😂😂😂😂😂😂😂😂 i’m not a fan 🔥🐉
got some just for the purpose of reselling. Stacked in 2018 when prices were still really low. It seemed a great option as a low premium, govt mint coin in hopes of getting somewhat closer to spot when the time is right. I usually hold what I buy but sometimes get some other stuff just for selling. Stuff that I don’t get attached to. Prices are too high right now for that though. Everything I’m getting now, I am holding . Thanks for the video. I
yes but em cheap! thanks for watching my friend! 🔥🐉
hey slayer great coins i stack silver from different countries ny favorite is canadian maple leaves but i might have to add a few of these to my stack
Nice I learned something today. Thanks
awesome thanks for watching my friend! 🔥🐉
I'm just into bars so far but this was very informative. What do you think of the 1oz and 10oz american flag silver bar?
those are great! if I was buying bars I would only ever get the cheapest possible 🤷🏽♂️🔥🐉
Ever since I watched Lethal Weapon, I wanted a Krugerrand. Now I have some silver ones, no milk spotting and my maples are still good.
I put these ionize strips with my stack, maybe its working
hopefully that works for you! 👍🏽🔥🐉
Great info. Thanks
you are welcome thanks for watching! 🔥🐉
I love 2020 silver 👌🏼 I didnt realise the 'R1' stood for 1 Rand, always wondered why theyre considered coins instead of rounds, thanks for that info
yep kinda like the libertad they are backed by the government 👍🏽🔥🐉
Ah, I wondered about that too. The fact it’s in the same font as the description of the fine silver made me think it was a description of the grade of silver. The coin is of course called the Kruger “Rand”.
These days these coins are actually minted in the USA and mostly (around 80%) sold in the USA. The balance are sent to South Africa for distribution by the Rand Refinery. I doubt there’s any issue with the quality of the coin? Spotting/tarnish is probably only a handling/storage issue. Gold Krugers are minted in South Africa by the Rand Refinery.
no milk spotting is an issue with the cleaning of the planchets before annealing 🔥🐉
What! So they’re not even made in the RSA any more? I’m not really surprised, the country is increasingly corrupt - soon they’ll probably move the gold coinage too!
On second thoughts: yes, the matted finish of the 2021 silver Krug is very similar to that of the American Silver Eagle. So, production in the US makes sense.
The 2020 Krug is the only one I have of the series because of how great the 2020 being split up looks.
it is a cool one to have 👍🏽🔥🐉
You can most likely prevent milkspotting if giving them an ultrasonic clean before storing them away. Most likely left over lubricants from manufacturing. It's only a very short claening needed, just a few seconds is enough to dissolve left over lubrication into fine free micro particles in the water. Take them out and give a short rinse and dup dry. Most likely they'll never milk spot after that.
Does "milkspot" have any influence on the value ?
Big fan of the silver Kruggerand, prefer them to the gold. A beautiful, cLean design.
yeah the design is cool for sure! 🔥🐉
honestly, any coin without the Queens face is a Godsend! I'm tired of this woman
Absolutely. Love the Isle of Man designs but the face ruins it
lol preach it 🔥🐉
Familiarity breeds contempt, haha
Thats treason 😁
King Charles first year coin probably not too far off
I really like the Krugerrand's. Picked up a couple of the 1 ounce Gold coins from my LCS dated back in the late 1970's. Have some 2019 and 2020 1 ounce silver. Don't know if they're milked spotted or not. Haven't looked at them recently. Currently the cheapest coin on Monument Metals website. May buy more. Undecided for the moment. Nice video. Thanks.
yeah they are cool for sure! thanks for watching! 🔥🐉
I have a few and have no issues with spotting. They are 2023 and I believe this has been addressed at their mint. Class
They look nice. Might have to get myself some of these south African bullion coins
yeah if they are cheap go for it! 🔥🐉
Coin wise krugs are the base of my pile tempted to fill a monster box
a monster box would be super cool! 🔥🐉
great looking coin
Lovely coin. I have a roll of 2020( so far no milk spots...) and also the proof 2018 in box
nice! wasn’t the proof 2017?
@@SilverDragons47 no i have a 2018, but the 2017 is the first year release of them in silver
cool coin one day i will have one lol thank you for this vid
yeah it is cool for sure and you are welcome! 🔥🐉
I Love the Gold & Silver Krugerrands!
that was the first gold i ever bought was a gold kugerrand, next i,m going into the silver ones
that is awesome! they are super popular 🔥🐉
Recently started a tube of Ks. I really like these, and they seem to always be a little less than my other options. After these, it's on to the tube of Brits. I want eventually to have a tube of all my fave world coins... of course emphasis on the ASE. ;-)
You missed a couple of interesting feature & probably the most important features of the Krugerrand Coins that were once regarded the best in the World. Firstly there are two security features,
1. Under the Springbok hind legs on the ground area which the animal is moving, its a very fine mark, the name of the President, can be seen with a magnifying glass.
2. Another security feature is in the centre under the Antelope on the ground, its very difficult to make out exactly what it says but I'm keen to find out myself.
3. President Paul Kruger believed the Earth was Flat and he was not alone. So obviously a big eye opener there & some interesting info.
This information is no secret & easy to find..
Just an observation. Americans are very patriotic which is great..but it's usually only Americans that will tell you American Eagles are the best coins in the World. Well according to who ? It depends on the finest of the the Silver, after that its personal preference. I'd deffinately put them in the top 10 but not necessarily the best.
I have that on my video!
Thanks for the info big dog
SD Bullion has a deal on Kangaroos! They are almost the same as a round! It might be over now but wow that were cheap! Thats for keeping us in the know!🇺🇸🇺🇸👍👍
I brought 5 of the Kangaroos from SD the other day
I like the Roos 😁🔥🐉
GWT THE AWESOME STUFF
oh yeah 😁🔥🐉
Interesting information. With so many other options out there, I do not see me purchasing any.
yeah there are lots of options for sure 👍🏽🔥🐉
Good Video! 🐥👍
My lcs pays spot on the Krugs but pays .50 over spot for Maples and Phil’s. Personally I like all three with of course Maples being a second runner up to the AE.
Maybe you recall my comment in a previous video.
Come to find out - Krugerrands are a tube of 25, not 20 , and I like that math much better. 20 is okay for the .9999s fine buffaloes which is the other silver I stack...
BUT!
Studying SILVER Krugerrands I became aware of a 15th anniversary "Commerative Krugerrand" -in .999 silver! (unlike 2017+ examples) and I bought the 1983 coin for less than a new Eagle - no milk spots -
Reckon that starts a new challenge to fill a 25 Krugerrand tube of 15th Anniversary Commeratives? It looks different.
Game On! 🤘Good Luck.
I bought quite a few here in SA. They still look 100% after three months. The mint is still in lockdown, so they are not available at all. They actually go now for as much as $29.
wow what a premium! 👍🏽🔥🐉
Johan, did you also notice that the silver krugs are bought back at pretty much the same price as the brits and other foreign silver coins? So no point paying excessive premiums on the other coins. Local is lekker in this case :)
@@hydrophobicgoldfish true, it is just sad that the exchanges really kill this market. They pay just one spot for the coins at the mint and then they sell it at extreme premiums. Then when you want to sell it back, they give you less than spot.
They all are just killing the coin market. The moment you buy a coin, it is worth 30% less. That is theft.
At least you can sell your gold and silver coins on Altcointrader for marketvalue.
Nice design, but spot like pre-2018 Maples. I have 5...all milkspotted. As they are just bullion, you can gently clean them.
Good point. Then make sure they are kept dry.
yeah I have cleaned em it works great 🔥🐉
If you are ever in South Africa and want to buy a 1oz Silver Kruger Rand. The best place is Mr. K. They are affiliated with the Kruger Rand and are the cheapest to buy from. Most other places put their high markup before selling. For example, it will close R500 at the affiliated company, yet other places online, coin shops, etc are selling them at R750. 00 and above.
I've got a couple of krugs, they're all 2020s so fingers crossed. As for stacking...Eagles are king
yeah eagles are the best for sure! 🔥🐉
It was always my wish to get a One oz gold Krugerrand for my Mary but alas she didn't live long enough for me to make it happen. I don't have spotting problems as I keep all my silver dry. Desiccant bags in all containers, LOTS OF THEM. I have been saying it for years as it WORKS !
I have a vacuum packing machine for food, and I vacuum seal all my coins, and never had any milk spots. I have about 900 mixed coins of which about 300 are Krugerrands.
@@tristanmaclennan2989 Great way to keep them dry and not tarnish from the sulphur in our air eh !
until you take em out eh? some coins the milk doesn’t show up for decades... I guess once you sell em who cares 😂🔥🐉
Are silver Krugerrands technically coins and not just bullion? So you can trade these into a shop without doing paperwork?
I scooped up four of those 2017 premium uncirculated Krugerrands a couple months or two ago. They came in capsules with a little COA. According to the COA, a million were minted. They look like proofs kinda. The other eight I have are 2018 BU versions. Those are still in flips right now. I haven't noticed any milk spots on any of 'em. Nice coins tho'.
Smart. The only year worth owning. The rest of the years are just bullion and less desirable than many other minted coins.
I have sold at least 1000 of the Krugerrands in the past 2 years, and have never, I repeat, never had any milk spotted
the 2017s are cool I wish I had gotten one... oh well 😏🔥🐉
@@SilverDragons47 I would think they are still available, but who knows for sure. I'd like to get my hands on a couple gold ones tho'. I just got a couple 1/4 ounce gold maple leafs last week.
My last order of our choice coins was nothing but Krugs from SD Bullion.
These worth picking up $6+ over spot?
I just got my first Krug yesterday. I was reading that it was a round, but I think that guy was wrong. It says 1 Rand on there, which is $.06!
yeah it’s a coin because it’s backed by the government 👍🏽🔥🐉
Favorite Coin
yeah its cool for sure! 🔥🐉
I'm a hunter so I like the springbok antelope design on the coin
You'll never get a silver Kruggerand BU graded so there is no harm in removing milk spots with a pencil eraser. It doesn't mark up the coin and it erases milk spots.
Got these from the random coin Ed bullion and got 4 stacks of these brand new 2020 wow!
2020 silver krugerrand proof sold out in south africa and if you do find them on the secondary market the guys are asking in the region of 100 us dollars. The 2020 2ounce silver krugerrand proof asking price in the region of 250 to 500 us dollars on ebay.
The silver krugerrand has done very well i reckon.👍
wow that is quite the price for the 2 oz! 🔥🐉
Um..... Bought a number of silver KR coins here in South Africa last month for under $28 US each.....?
the Krug is the majority of my 2021 stack just a coin within a reasonable price almost $7 cheaper than the ASE, Maples a buck or two more so do grab a maple if I get 3 or more Krugs.
Best looking coin imo
I purchased a few because of Lethal Weapon.
lol that is awesome 🔥🐉
I got a couple but don’t plan to stack a ton of them.🔥🔥
very cool! gotta have a few 😏🔥🐉
Finally got one today,HELL yeAH😀
Very nice I do like, but in the UK right now they are TWICE the price of spot!
Does South America Have Mint And Proof Sets Too ?
I don’t think so 🤷🏽♂️ they have the 2 ounce though I know in BU 🔥🐉
The only year worth collecting is the first year “2017” which were a semi proof and a limited production. They came out in 2017 to recognize the first year of the gold coin in 1967. Put some away ...they will be very valuable in the future. Minted 1m only.
Doubt it. 1 mill is not a low mintage, and they haven’t increased in value since the beginning of 2018.
Nope. Contacted the S.A. mint. They only minted around 625,000 of the 2017's. The price at issue killed the demand. They are in relatively great demand now and will be worth much as the years go on
@@fromontario6954 Only 625,000 were actually minted
here's an update mate, they never minted 1 million of the 2017 50th anniversary coin (although they said they would) the actual mintage in 625,000
That’s good information to know. I know they originally planned on 500k and then switched to 1m but if they only did 625k that’s even better. I know the price gouging when they were released irritated a lot of people but you can’t find them under 40.00 now and most of the online stores like APMEX etc are sold out. As the first year commemorative coin they will be a great collectible. They will mint millions a year of the subsequent years - as just bullion.
I also bought a silver Kruger Rand ( 2020) and it also have a little milk spotting.
They are nice coins indeed. Haven't seen any deals on Silver ones. Some on Gold.
the deals are out there. sign up for all of the email lists! 🔥🐉
Love the Krugerrand. The O.G.
I like them
Love em!
the design is great! 🔥🐉
anyone know if those cases with a gasket are any better than those with out or is it just to aid in showing the coin ?
it’s just for looks 🔥🐉
Just to correct you...
The Silver Krugerrands came out in 2017 with a low mintage of 15k. They are the first Silver Krugerrands and have the 50th Anniversary privy marks on them. Them being the first in the series their value is double that of other year coins. Some 2017 Krugerrand coins go as high as $1k across the globe but are cheaper in South Africa. And other silver coins, maple etc can be cheaper than Krugerrands.
I got myself some and the proofs and nice. But looking at some Maples next.
All the best.
no the 2017 krugs had a maximum mintage of 1 million. they ended up doing about 600k 🔥🐉
@@SilverDragons47 Oh maybe I'm thinking of the proofs only had 15k mintage.
@@BrianPacini I disliked it because it has nothing to do with the price of eggs let alone the price of silver. If you're trying to get views this isn't the method. Google: marketing 101.
Personal opinions: I like collecting Mexican coins, but I do recognize that at as to the silver (and to some extent the gold) libertads a premium exists. Mexican pride in purchasing these? Lower mintages? Not sure, but at least in silver the markups it makes a substantial difference based on what I have seen. Given the heritage of Mexico as being the primary silver supplier to the world for centuries, I have decided not to buy the silver libertads but instead buy the older circulating silver coins with real numismatic value. Mexican gold coins do offer an interesting option when it comes to fractional gold where they they appear to be competitive in price (and even cheaper than most American gold fractionals). Based on my purchases over the last few months I find the Silver Krugerrands to be a more reasonable value than the other nation issued buillion coins. I don't believe there remains discounting of either gold or silver krugerrands due to South Africa's past history of apartheid. I know some suggest we can expect South Africa to eventually issue some form of Mandelarands in the future. Just some thoughts.
Hello, I agree these coins are 'milk city'. I own some full tubes and each coin is awash with these marks hence they are in my investment stack and no way in my collection (I am a hybrid bullion buyer).
yeah I stack and collect as well 👍🏽🔥🐉
most wont be bothered by this because it was so long ago and they may not have even been born but krugerrands still leave a bad taste in my mouth. i remember it well. they had really started to lose favor back in 1984 right before they were banned in 1985. that’s when the gold maple took over as #1. then the very next year the U.S. saw an opportunity to help fill that void and came out with the eagle. people lost a little money on the krugerrands as they started to fall out of favor. spot and a little back compared to maple and then eagles which you could get a little more for. so when new ones were allowed back, i wouldn’t touch because of that and the bad rep they got. but i am old and that’s all history now. it was long ago and things change. i don’t own any but that’s just because i remember all that. to each their own. i’m just old 😅
I know what you mean, I can’t stand the queen either.
lol for sure 🔥🐉
She is everywhere I noticed she is on palladium coins as well. I’ll suck it up take one for the team! That’s cool to have that many maple leaves awesome!
Iv got a couple of the 2020 rands and they came to me new with milk spots.
Almost a orange hue spot.
Cool coin though
bummer... maybe try cleaning them 🤷🏽♂️🔥🐉
i was gonna ask about this,,i was hoping maybe they fixed this issue by now as i would like to order some myself,,but not when the milk spotting is twice as bad as Canadian maples..shame really like the design..
ShOwStOpp3rr
Out of the 10 me and the lady bought 6 of them had milk spots upon arrival.
I’m not buying more!
wow
it’s a cool coin for sure! 🔥🐉
Picked up a roll of 2020 and I have 5 singles. I may grab more 2020 or wait on tje 2021's
very cool stack on my friend! 🔥🐉
On order.
The one government bullion I don't have. I try to stay local so selection is slim but the prices are cheaper
yep cheaper is better! 🔥🐉
The 2022 coins are selling now
I quite like them, but I wish their mint would improve quality as far as milk spots. I don’t need to buy any more that look trashy.
yeah the milky ones are less desirable 🔥🐉
Silver Krugerrands sell back well over spot, close to the Maple Leaf
I love Krugerrands cause I imagine Robert Kiyosaki flying behind enemy lines to buy a gold Krugerrand from a Vietnamese woman with red teeth yelling spot
I just picked up 50-2020s, spot $17.89 / purchase $20.88.
From where?
nice pick up! stack on my friend! 🔥🐉
@@predatorshelby5780 Was from SD bullion
@@SilverDragons47 Thank you!
I don't like them at all, even though the premium is lower than other coins/rounds. I rather stack silver maple leaves or Britannias. The feature I do like though is that it doesn't have the mugface profile of the freaking queen Elizabeth II!
I am requesting an update from all CZcamsrs in the stacking community that made a New Years Stacking resolution video to please do an update, thx!
good idea! 🔥🐉
How do you prevent or remove milk spots?
clean them with hot water and baking soda 🔥🐉
Use an eraser and literally erase the milk spots. I could not believe it but it works!
I have one . It is a nice coin .
So what you're saying is I should go out and buy a bullion coin for $3 or $4 over spot and then go down to my store right afterwards and sell it for sCRAP
yes do that 1 million times and you will be very wealthy. it’s free money 🙄🔥🐉
I’ve got a few 2017 and a few proofs
that is awesome! 🔥🐉
Seeing how South Africa produces a lot of platinum, why don't they make platinum Krugerrands?
I have 2 and both bad milk spots on a 21 and 23