South African Gold Coins
For over 100 years, South African Gold Coins have been among the world’s most popular gold coins. Since issuing its first coins in 1892, South Africa has shown no sign of slowing down the production of these valuable gold items. These South African coins continue to be the preferred gold coins for many collectors all over the globe. Gold South African coins come in many shapes and sizes, but the most popular- the South African Krugerrand- populates the widest variety of investors’ portfolios. All SA gold coins struck are issued as legal tender. The gold coins struck in South Africa mostly contain 91.7 pure gold. Nevertheless, all of the South African gold coins contain 1 troy ounce of gold. This means that these coins actually frequently weigh more than coins struck with .999 fine gold.
Types of South African Gold Coins
Gold collectors and investors enjoy choosing from South Africa’s variety of wonderful gold coins. Arguably the most famous gold coin in the world, the South African Gold Krugerrand was first minted in 1967 and continues to sell very well. Struck in denominations ranging from 1/10 troy ounces to 1 troy ounce, investors continue to choose the gold Krugerrand to populate their gold portfolio. Another famous gold coin from South Africa, the Gold Sovereign, bears an “SA” mint Mark. This denotes the Pretoria Mint in South Africa as the source of production. Furthermore, these coins are the only gold Sovereigns struck on the entire African continent. Produced by the South African Royal Mint, these Sovereigns most commonly feature King George V, grandson of Queen Victoria.
About the South African Mint
Established in 1890 by President Paul Kruger, the South African Mint officially opened on July 6th, 1892. Due to the severed ties between South Africa and Britain in 1941, the mint officially closed. The Mint reopened in 1961 when South Africa became its own Republic. This year saw the creation of a new South African monetary system designed to replace British currency, coin by coin. Nowadays, the South African Mint, currently located in Centurion, mints coins for South Africa as well as numerous other countries.
Interested in other South African Coins? Explore our collection of Silver Krugerrands today!