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After 1996, the coins carried the name in one of the country's 11 new official languages. The 10, 20 and 50 cent coins were slightly redesigned by enlarging the numerals of the coin's denomination. From 2000 coins carried South Africa's new coat of arms. From 2002, R1, R2 and R5 coins carried the country's name in two of the official languages.
Although gold Krugerrand coins have no face value, they are considered legal tender in South Africa by the South African Reserve Bank Act (SARBA) of 1989. [6] In 2017, the Rand Refinery began minting silver versions with the same overall design as the gold coin. [7]
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.
The old cliché about finding rare and valuable coins is that you should start by digging around in your sofa. That's not necessarily bad advice. However, chances are the only loose change you'll ...
Coin collecting, sometimes called numismatics, can be more than a hobby for some. It can be a money-making investment. The same goes for collecting, saving or reselling old paper money. Learn: 5 ...
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 ...
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