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Silver Krugerrands

TomD

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#1
I've heard that silver Krugerrands are available. Anyone seen them yet?

Silver Kruggerand
by Tom, on Flickr
 

CrimsonGuardJay

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#4
I've gotten two calls from mint.gov soliciting them, and for spot + 40, not a chance in hell. If they were spot + 5 I'd buy a roll, but they truly have got to be smoking something to think the collectible value will ever be that much.
 

CrimsonGuardJay

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#6
I have paid spot plus 40 or 50 on some coins, but only if they are gorgeous and exceptionally rare, with a mintage of like 5,000 or less, like the FRENCH excellence collection
 

<===Foolsgold

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#7
I have paid spot plus 40 or 50 on some coins, but only if they are gorgeous and exceptionally rare, with a mintage of like 5,000 or less, like the FRENCH excellence collection
Me too, for gold ounces.
 

southfork

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#8
I've gotten two calls from mint.gov soliciting them, and for spot + 40, not a chance in hell. If they were spot + 5 I'd buy a roll, but they truly have got to be smoking something to think the collectible value will ever be that much.
I was going to buy a roll if in the 20s, no way I would buy one at 59 bucks. I opened an account at the mint trying to buy them as they were cheaper but the mint didnt even answer me
 

TomD

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#9
Spot + $40???!!! You gotta be kidding me! Ten years ago, gold Krugs were selling at spot + $5, the cheapest minted gold on the planet. I'm thinking at spot +$40, they will have an extremely limited mintage.
 
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#12
I went with the Perth swans instead. The mintage on the swans was 25,000. They were also not an insane gouge like the krugs.
 

TomD

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#13
I'm reading a mintage of 1,000,000 coins. Nope. Not rare, not limited.
They can mint 10 million if they want but they have to sell them. And there's no way in hell they can sell them at $59.
 

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#14

Professur

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#17
Remember that the Canadian mint is selling silver quarters for $20 and people are paying it.
 

90%RealMoney

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#18
Anyone buying the proof silver krugerrands......
15,000 total mintage for the proof version. Going for anywhere between $300.00 for one in a mint box, to $2000.00 for a NGC Proof 70 Deep Cameo. The slabbed Proof cameos are getting around $400+ for PF69DC, and right at $1000.00 for PF70UDC. 15,000 proof coins would be a decent bet, if they don't ever produce any more of them, which is what they are saying, NOW anyway.
 

90%RealMoney

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#19
I guess you could look at it this way. How many Silver Eagles have been minted since 1986? A Billion or so? If the Mint only produced a million SAE's next year, what do you think they would go for? These Silver Krugs are not average circulated type coins, they are similar to Eagles in that they have a nice finish on them(reverse proof like) and come in an airtite capsule with a COA and a presentation box, much like a proof Eagle would. Then you have the Proof version, which only 15,000 coins are being produced, worldwide. I realize that SAE's have the largest collector base of any coin in the world, but this being the first year of issue for this coin, plus the relatively low mintage numbers, especially the Proof version, I think makes it a worthwhile gamble. 15,000 to 18,000 seems to be the average collector base for the 5 ounce ATB's from the Mint (SP), and they produce 5 different coins per year. I'm guessing the worldwide collector base for this new coin will be at least that, and they are claiming the Proof version is a one time deal. We'll see about that I guess.
 

90%RealMoney

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#22
The whole Bitcoin thing made me think of this particular coin. A bunch of us are/were over on the Bitcoin thread, bagging on it as a mirage, while kicking ourselves in the ass for not buying $10.00 worth of the thing, in the beginning. I'm not saying these coins will ever do anything like Bitcoin has, or might, but you can't hit a jackpot if you don't put a coin in the machine. Slow and steady definitely works, but I have to admit, I wish I was in on some of that action in Bitcoin.
 

Joe King

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#23
The whole Bitcoin thing made me think of this particular coin. A bunch of us are/were over on the Bitcoin thread, bagging on it as a mirage, while kicking ourselves in the ass for not buying $10.00 worth of the thing, in the beginning. I'm not saying these coins will ever do anything like Bitcoin has, or might, but you can't hit a jackpot if you don't put a coin in the machine. Slow and steady definitely works, but I have to admit, I wish I was in on some of that action in Bitcoin.
If you like those Ag Krugs, get one. All the reasons you listed in your other post have merit. Maybe it'll be worth it, maybe it won't. All I know is that Krugs are well recognized and as long as they keep their word and don't make any more of them, I don't really see where you could go wrong. Especially if you're only talking about getting one of them. They look great and you'd have a very unique coin. Again,if you like it, get it.
 

Cigarlover

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#24
I like the krugs and hope they make them every year. Maybe next year I can get them at spot plus a reasonable premium.
 

stAGgering

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#26
All I know is that Krugs are well recognized and as long as they keep their word and don't make any more of them, I don't really see where you could go wrong..
An individual going right or wrong, is not balanced evenly against a market saturated with; unique, limited, low mintage, proof, anniversary, 1st in series, etc. SATURATED.
Unless the silver Krugs grasp a portion of the market AND maintain that position, forgotten they will be.
I am betting upon Rwanda lunar instead, minimally.
Mint only demand, 1st year, low silver purchasing worldwide, and history of cousin coins having small but gainful market positions.
The Krugs have much higher risk factor, and if SHTF an ounce is an ounce is an ounce.
In SA, the probability of SHTF within their mining and minting programs, significant.
Gold Krugs have the recognition, not Ag.
Desire to own is the ONLY viable weight upon the balancing scale, when more than supply do up and away Australia Swan or with 10,000
less minted Krugs.
Enjoyment or established short term gains, go for it.
Everything else, pure speculation.
 

Joe King

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#27
Everything else, pure speculation.
Of course, unless one has a crystal ball that actually works.
...and if all that is important is that an ounce is an ounce is an ounce, then one should stick to generics or other lower priced bullion.

Again, if he likes it, he should get one. No approval necessary other than his own, or maybe that of his wife. lol
 

ToBeSelfEvident

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#28
Family member died 2 weeks ago. He was into gold and silver, but I think he was getting screwed buying numis. I advised he stick to bullion. Now his heirs are going nuts trying to value the stuff.

Anyway, a box from the South African mint showed up this week with 3 silver Krugs and some other stuff he had ordered.
 

90%RealMoney

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#29
Supposedly, starting next year, the silver krugs will be the normal BU type only, much like the rest of the one ounce silver coins. This year, the 1,000,000 coins are all "SP" type coins, and there is the 15,000 Proof coins as well. If they keep their word, and no more SP, or Proof coins are ever minted, I would think the first year coins would do okay, or at least be a nice coin for collectors. You can get one of the SP coins in original mint packaging right now for $52.00. People pay that and more for silver Eagles all day long. We'll see I guess.
 

90%RealMoney

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#30
I like the krugs and hope they make them every year. Maybe next year I can get them at spot plus a reasonable premium.
You will most likely, because they will be a normal "BU" coin starting next year. I think alot of people here believe the silver krugs being offered this year, are the normal BU coins, they are not. They are an SP variety, and a proof coin. The picture of the coin in the OP, is not what is being sold right now.
 
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stAGgering

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#31
Supposedly, starting next year, the silver krugs will be the normal BU type only, much like the rest of the one ounce silver coins. This year, the 1,000,000 coins are all "SP" type coins, and there is the 15,000 Proof coins as well. If they keep their word, and no more SP, or Proof coins are ever minted, I would think the first year coins would do okay, or at least be a nice coin for collectors. You can get one of the SP coins in original mint packaging right now for $52.00. People pay that and more for silver Eagles all day long. We'll see I guess.

SP = Shitty Price ?
Must mean that.
Silver Eagles are silver, that's about it.
Automatic or standard tranny in your car when buying new, same.
US silvers are about as exciting as high tide, two per day, everyday. wow.
Retro fit 'em with large cent busts... or SOMETHING.
Please god, not parks or quarter fugly imitation.
Done bitchn.
 

the_shootist

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#32
I'm not a collector and I'm sure these may have some sort of speculative collector's value over and above the silver content. They're not worth ~59 bucks each to me but that doesn't mean they're not worth that to someone!
 

90%RealMoney

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#33
They are no different than the Silver Eagles (other than appearance). They sell hundreds of thousands of Proof silver eagles every year, and people pay high premiums for slabbed coins, then they pay even more for"special" slabbed coins, ie Mercanti signed, special flag label, or whatever. There are so many derivatives now with slabbed coins. Supposedly the S.A. Mint is not going to produce the SP coins ever again, if that is possible. The low mintage proof version, I don't know exactly if it is the same for that or not. If you are a collector, it's worth a shot. If you stack bullion only, you buy whatever is cheapest. I've collected coins since childhood. It's a hard habit to break.
 

Joe King

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#34
I've collected coins since childhood. It's a hard habit to break.
I still say if you like it, get it. I mean, we're only talkin' one right? Or were you thinking of trying to corner the market on them?

If just one or two, then buy what you like. There's nothing wrong with that because life's too short to pass up on stuff that you like if you can otherwise afford it. Ie: don't mortgage the farm to get 'em.
 

90%RealMoney

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#35
Yeah, I was thinking of pulling a Hunt Bros. on the silver krug market. Gordon Gecko said he only bet on sure things. Kind of like that Turd Warren Buffet buying up all the railroads, cause he knew Obama was going to shut down the pipelines, and ole Warren would have exclusivety in the oil transport biz, in the continental US. I'd like to know just how much money Buffet donated to his campaign. Off topic already. Yeah, one of each oughta do it.
 

TomD

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#38

southfork

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