2017 Silver(!) Krugerrand

FYI, the MCM website says they're "the official North American distributor of the 2017 Silver Krugerrands."

https://www.moderncoinmart.com/silver-krugerrand/

Presumably that means they'll have the best price. But I'll still shop around.

 

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The same verbiage is on the Gov Mint website so does that mean there are 2 official distributors?


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MCM and GovMint are owned by the same parent company, Asset Marketing Services LLC.

 

Never dealt with either one. Good or bad?

 

I've bought from both. I had good experiences with both of them. But since they're the exclusive distributors prices may be higher than they should be.


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Amex will be carrying them as well...

Good Morning,

Thank you for your email. The 2017 Silver Krugerrands will be available in January 2017. Please check back at that time to purchase the item. If you have additional questions please respond to this email.

Sincerely,

APMEX Customer Service Team


APMEX, Inc.

226 Dean A. McGee Avenue

Oklahoma City, Oklahoma 73102

(800) 375-9006

(405) 595-2100

www.APMEX.com

 

Sweet..

 

May break down and buy one, as well.

 

Would be nice, I'll wait till I see the price.

 

Not sure what distributors and retailers will charge, but the South African Mint sells them in tubes of 25 coins (and thus 25 oz of silver). Price per tube is 15,000 rand, roughly 1,100 US dollars. That would be 600 ZAR (~45 USD) per piece ...

Christian

 

Thanks for the info. I hope they don't sell them for that much!! [emoji30]


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At any price in the $30's and $40's, I'm out.

 

The price I mentioned is listed here. Maybe there will be different versions? We'll see.

Christian

 

Maybe prices will be different for USA. I hope!!


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Historic or not, those prices are off the charts for an ounce of silver. I'll check out the proofs but I see there will be a mintage limit of 15,000 for those. Likely to translate into a price I don't want to pay.

 

Received this update from MCM. 1 million mintage is high so I'm hoping prices won't be too bad.
https://www.moderncoinmart.com/silv...rand-update-1&utm_campaign=MME0658&ad=MME0658


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Weird that they would already change it from the initial 500,000...and no mention of why in the press release.

 

Maybe SA underestimated the interest & decided to mint more coins.


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That would make sense.
It's just that decisions like this tend to be unpopular with collectors. The British Royal Mint and Perth Mint have taken similar steps with mintages and were then bashed by many collectors. Apparently these mints don't learn the lesson.

 

It might be popular with some collectors if it reduces the initial price & allows more collectors to buy a coin.


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