2017 Silver(!) Krugerrand

Sorry for the dumb question, but... they look like reverse proofs...?

 

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Looks that way to me too


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Still should have stuck with half a mil. Pfft.

 

Hi there!

I work for MCM and just want to clear up the confusion about the mintage.

A lot of information was out on the web prior to any announcement of these coins. All of that information was pure speculation as the mintage was never 500,000. The only place you can ensure you receive accurate and verified information is on our site. We will be publishing regular updates and when you sign up to be notified (link below), we will alert you as soon as new information is released.

Hope this helps and please let me know if I can answer anything else!

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

 

Hi there, the original release from AgAu news had incorrect information. You can sign-up for MCM updates, all containing verified information.

 

Hi Kelsey, welcome! And thanks for posting.

Maybe you can also comment: Is the Silver Krugerrand a Bullion coin or a Numismatic coin?

The 1-million mintage suggests it's bullion.

But the "Premium Uncirculated" designation and Certificate of Authenticity makes me think it will be priced & marketed like a burnished ASE: http://catalog.usmint.gov/american-...rculated-coin-16EG.html?cgid=product-schedule

 

Hi COCollector!

I'd be happy to answer your question.

The 2017 Silver Krugerrand is "premium uncirculated" as you stated. This is a better finish than a Brilliant Uncirculated (BU), which is why the image of the coin may appear like a reverse proof.

I would definitely consider this a collector piece - or numismatic like you said. So, no, this is not a bullion coin.

 

Kelsey, thanks for the quick reply.

Also, I'm hoping you'll offer a nice presentation box -- in time for holiday gifts.

 

I have no problem with a higher mintage. They are fashioned after, and marketed as a silver version of the famous gold Krugerrand, which was always bullion. I understand from a collectors view that a lower mintage would be more valuable money wise, but i'm in no matter the mintage because it's cool and I love Kruggerands. I think that is the big market.

 

Actually, with the success of the Kruggerand, I'm surprised they haven't been competing with the ASE and the Maple Leaf in the silver market.

 

We haven't released product offering yet but as soon as we do the people on our notification list will find out first!

 

The sole emphasis was always on gold due to the large gold mines in South Africa. It is alsocurrently ranked #5 in worldwide gold production. It's definitely exciting to have the opportunity to work with them to produce the silver counterpart to the gold Krugerrand!

 

Hi Kelsey,
I signed up and I appreciate the info. With that said, I would appreciate the info more if the mintage was less than 1 million. Sorry about that, I'm not trying to bring you down but a million is truly excessive. In my humble opinion, if you mint less on your first coin sales, like 50 to 75, 000, it will create demand. No problem to a great company like MCM, I mean the company won't go broke or anything but if you posted a poll on any coin forum, you could easily find out that 1 million is truly excessive. jmho

 

Who is selling them ??

 

Well it's not like MCM decided the mintage. Direct any complaints to the South African government lol


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MCM is the official North American distributor for these coins.

 

These things will go fast I think, despite the outrageous mintage. It will be my first Krugerrand.

 

Does anyone other than me think that a normal proof would look better than a reverse?

 

I agree! In many cases the proof looks nicer. The 2013 reverse proof Buffalo was one of the few coins where I liked the reverse proof look. The Australian Lunar coins (which also have a reverse proof appearance) look nice but the proof version is just as good if not better in my opinion.

 

That's fair; MCM can't control the actions of others (although AgAuNews tends to have great info and write-ups).

I concur with many others though that 1,000,000 is too many for a non-US premium coin (even US coins with that high of a mintage don't do too well...i.e. Proof Eagles/Burnished Eagles are high mintage collector coins that mainly sell for issue price or less in the aftermarket).

Add in a $40+ price tag per coin and you might have a recipe for disaster. Compare that to the Australian 1 oz lunar series coins: 300,000 mintage, bullion coin with a finish that resembles a reverse proof, a unique design every year, and it comes in a capsule...all for under $30 (closer to $25).