CoinWeek Giveaway # 663 Sponsored by…2017 South Africa 1 oz Silver Krugerrand SP-70 NGC (FDI)

2017 Silver Krugerrand: A Gold Legend to Go Silver

For 50 years, the Krugerrand meant one thing: gold. Then, in 2017, South Africa gave its most famous coin a silver counterpart. The result was more than an anniversary souvenir. It marked a new chapter for a coin that helped create the modern bullion market.

This week’s CoinWeek Giveaway features that historic first-year Silver Krugerrand, graded SP-70 by NGC with the First Day of Issue designation.

The Gold Coin That Changed Bullion Collecting

On July 3, 1967, the South African Mint struck the first gold Krugerrand. Each coin offered exactly one troy ounce of fine gold in a familiar, government-backed form. Moreover, its value followed the price of gold instead of a fixed face value.

Collectors and investors embraced the idea. By 1980, Krugerrands accounted for roughly 90% of the global gold-coin market. However, the coin also carried South Africa’s political history. During apartheid, international sanctions disrupted its trade, and the United States banned imports in 1985.

Despite those setbacks, the Krugerrand remained one of the world’s best-known bullion coins. Yet collectors had to wait five decades for a silver version.

Two Historic Designs, One New Metal

The obverse features Paul Kruger, president of the former South African Republic, or Transvaal. Engraver Otto Schultz created the portrait for coinage in 1892. The inscriptions SUID-AFRIKA and SOUTH AFRICA frame his likeness.

On the reverse, a springbok bounds across the landscape. Sculptor Coert Steynberg created this design, which first appeared on South African coinage in 1947. Above the antelope, a small “50” anniversary privy mark celebrates the Krugerrand’s golden jubilee.

Unlike its gold predecessor, the silver coin carries a face value of one rand. Its bright Premium Uncirculated finish also distinguishes it from ordinary bullion issues.

A First-Year Coin With a Surprise

The Mint initially listed a one-million-coin mintage for the 2017 Premium Uncirculated silver issue. However, its later official figures declared just 630,000. That makes the first-year issue an especially interesting chapter in Krugerrand history.

NGC awarded this giveaway coin SP-70, its top numeric grade, and designated it First Day of Issue. That label reflects qualifying release-day purchase and submission requirements. It does not establish when the Mint struck the coin.

2017 Silver Krugerrand Specifications

• Country: South Africa
• Year: 2017
• Denomination: 1 rand
• Composition: .999 fine silver
• Silver weight: 1 troy ounce
• Diameter: 38.7 mm
• Finish: Premium Uncirculated
• Certification: NGC SP-70, First Day of Issue
• Special feature: 50th-anniversary privy mark

Here is an opportunity to own the first year of a landmark silver series, and a coin with 50 years of gold history behind it. 

Enter this CoinWeek Giveaway for your chance to add it to your collection!

Entries into our Contest are accepted from Oct.17th until 8 AM on Saturday Oct.24th, 2026

Links to Entry Forms,  Extra Entry Options and Terms are Below

The CoinWeek Giveaway is open to all US Citizens 18 yrs and older. Just submit your Email Address into the Entry Form – CLICK HERE, and you will recieve One entry into the Giveaway. Good luck and enjoy the contest! Get up to 6 Extra Entries into this week’s Giveaway……. Follow the Links below. NOTE: ALL Entry pages and Options links  OPEN in new windows, so once you have finished your entry, just close the tab and you will return to this Main Giveaway Page to continue selecting additional Entry opportunities !

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Read ALL the Rules, Terms and Conditions of the Giveaway Here.

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To see a list of the Names and states of most of the Past Winners of the CoinWeek Givaway , along with the coins and paper money that has have given away. For over 11 years CoinWeek has held the free coin giveaway weekly, bring new classic and interesting Ancient, World and US Coins and currency to our readers. Click Here to view the list

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