SA Mint is a wholly owned subsidiary of the South African Reserve Bank that has a proud tradition of coin production dating back more than 120 years. While SA Mint is responsible for producing the country’s circulation coins or legal tender, it also has an important legacy role, creating timeless value through the craftsmanship of collectible gold coins that have become highly sought after commemorative pieces and sound investments, worldwide.
South Africa’s coin minting history coincides with the discovery of gold on the Johannesburg Reef in 1886, when an explosion of trade and commerce sparked a need for the Republic of South Africa to produce and manage its own coinage. Under the auspices of President Paul Kruger, the Volksraad granted a concession to a consortium of Dutch, German and British investors that went on to establish the National Bank of the ZAR (Zuid Afrikaanse Republiek) with permission to operate the country’s first mint. These early coins were based on British sizes and denominations and the first pounds and half pounds were struck by the Berlin Imperial Mint in 1892. The original corner stone of the Mint can still be seen on the northwest corner of Church Square in Pretoria.
“SA Mint is the foremost preserver of South Africa’s heritage. By their very nature, the story told on coins will outlive all of us.”
The Krugerrand is undoubtedly the most widely accepted and recognised gold coin in the world was first minted in 1967 to allow the general public to share in South Africa’s mineral wealth and legally be able to own gold bullion. This legal tender 22 carat gold coin contains exactly one troy ounce and its value is linked to the daily spot price of gold. Since then, SA Mint has produced commemorative coins that have mapped numerous significant milestones in our history, from the Life of Nelson Mandela, Rugby World Cup, World Heritage Sites, 20 Years of Democracy, Nobel Laureates, locomotive history and South Africa’s prized wildlife tpo name a few.
Current collections include the Krugerrand Series, Crown and Tickey Series, Protea Series, Mandela Series and the Natura Series which has just launched its latest collection ‘Nocturnal Hunters’ featuring the Leopard. All collections are produced in a variety of denominations from (1oz), half ounce, quarter ounce, tenth ounce and more recently sterling silver, making South Africa’s coins accessible to a wide variety of collectors and Numismatic enthusiasts.
David Mokgapa SA Mint Company (RF) (Pty) Limited
Tel: +27 12 677 2333
Fax: +27 12 677 2690
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