What are silver Krugerrands worth in a tube or box?
Silver Krugerrands are packed in tubes of 25 coins and boxes of 500 coins, with 20 tubes in each box. Here's what they're worth today:
| Quantity | Silver content | Live silver value | We pay |
|---|---|---|---|
| 1 coin | 1 troy ounce | £37.02 | £35.77 |
| Tube of 25 | 25 troy ounces | £925.47 | £894.21 |
| Box of 500 | 500 troy ounces | £18,509.40 | £17,884.23 |
We pay our foreign coin rate for silver Krugerrands. UK coins, such as the 1oz silver Britannia, are paid at a slightly higher rate, which is £37.63 today.
Is my silver Krugerrand worth more than its silver?
Most silver Krugerrands are bullion coins, valued for their silver. A few versions were made in limited numbers for collectors:
- 2017 Premium Uncirculated - the first silver Krugerrand, limited to 1,000,000 coins. It has a small “50” privy mark above the springbok, marking 50 years of the Krugerrand.
- Proof coins - made with a mirror-like finish. Only 15,000 silver proofs were made in 2017.
- 2oz proof coins - a larger 2oz silver proof Krugerrand has been made since 2020, limited to 10,000 coins a year.
If you have one of these, ask us for a custom quote. If auction is likely to achieve a better price, we'll tell you, and our sister company RWB Auctions can sell it for you.
A silver version of a famous gold coin
The Krugerrand was launched as a gold coin in 1967, and more than 60 million gold Krugerrands had been sold by 2017. For its first 50 years, it was only made in gold.
To mark the 50th anniversary, the South African Mint released the first silver Krugerrand in 2017. Standard bullion silver Krugerrands followed in 2018 and have been made every year since. They're distributed by Prestige Bullion, a joint venture between the South African Mint and the Rand Refinery.
The silver coin uses the gold coin's designs: a portrait of Paul Kruger by Otto Schultz on the front, and a springbok by Coert Steynberg on the back.
Selling gold Krugerrands too?
We buy gold Krugerrands as well, from the 1/10oz to the 1oz. A gold Krugerrand is worth far more than a silver one, so see how much a gold Krugerrand is worth for today's price.
How do I know my silver Krugerrand is genuine?
A genuine 1oz silver Krugerrand measures 38.725mm across and contains one troy ounce of silver. If yours looks the wrong size or feels too light, it may not be genuine.
You don't need to check it yourself before you sell. We test every coin we buy with non-destructive methods, so your coin isn't damaged.
VAT and tax when you sell
In the UK, VAT is usually charged when you buy new silver coins, but it isn't refunded when you sell. Any buyer will pay you for the silver, not the VAT you paid.
Silver Krugerrands aren't UK legal tender, so they're not exempt from Capital Gains Tax. You'll only pay tax if your total gains in a tax year are more than your annual allowance. If you're unsure, it's worth checking with an accountant.
Silver Krugerrand specification
- Face value - one rand (R1)
- Silver content - 1 troy ounce of .999 fine silver
- Diameter - 38.725mm
- Designers - Otto Schultz (front), Coert Steynberg (back)
- Maker - South African Mint
- First made - 2017 (anniversary coins), 2018 (bullion coins)
- Packaging - tubes of 25, boxes of 500
Not sure who to sell to? Read our guide to the best place to sell silver coins.
