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The South African Mint is responsible for minting all coins of the South African rand on behalf of its owner, the South African Reserve Bank. Located in Centurion, Gauteng near South Africa's administrative capital Pretoria , the mint manufactures coins and planchets for both domestic and international markets.
1 ⁄ 2 c, 1 c and 5 c coins issued between 1961 and 1964 1 R and 2 R coin issued from 1961 to 1983. The rand was introduced in the then Union of South Africa on 14 February 1961, shortly before the establishment of the Republic on 31 May 1961.
To exchange your coins for cash, you can find a local bank or retailer that offers coin-cashing services. It pays to determine if a coin-cashing service charges a fee, so you can look elsewhere to ...
Deposit the rolled coins into your checking account and withdraw the money as cash. Allison Hache contributed to the reporting for this article. Information is accurate as of March 19, 2024.
In 1923, South Africa began to issue its own coins, adopting coins that were identical in size and value to those used in Great Britain: 12 pence (12d) = 1 shilling (1s), and 20s = 1 pound (£1). On 14 February 1961, the Union of South Africa adopted a decimal currency, replacing the pound with the Rand.
Old coins are going for big bucks on eBay, and we found a few that you might just have lying around. Check out the slideshow above to discover if any of the coins you've collected could rake in ...