South African Mint Gold Coins

The South African Gold Coins

South Africa is one of the largest gold coin producers in the world. Between the 1960s and 1970s, more than 75% of the gold coins produced were minted in Africa. South African Gold Coins are very famous among investors and collectors due to their remarkable historical design and high gold content. The most popular South African Gold coins include the Krugerrand, Sovereign, R1&R2, Natura, Protea, and Mandela coins. Most of these coins are very rare collectible items with significant historical value.

The first Krugerrand gold bullion coin minted in 1967 is the most popular SA Gold Coin. Its concept was to be the first legal tender gold coin to be offered to the general public with its value derived only from its gold content. As the coin gained popularity, covering over 89% of the worldwide gold bullion demand of coins, it inspired several other countries, like US and Canada, to produce its own gold bullion coins.

The design of the South Africa Gold Krugerrand coin is prized all over the world, due to its exceptional historical depiction. Prior to minting Gold Krugerrands, the South African mint manufactured gold sovereigns for the British government. The mint has also been credited with manufacturing the Natura, Protea, and Mandela series, issued by the South African Mint, each containing .9999 pure gold. South African Gold coins are usually sold by their official distributor, the South African Gold Coin Exchange, and are highly demanded by collectors and investors all over the world.

The South African Mint

The SA Mint, also known as the South African Mint Company Ltd., is the official Republic of South Africa’s mint, with its headquarters located in Gauteng Province, Centurion. The mint has the experience of over 100 years in producing both commemorative and circulation coins of the highest quality. It was established in 1886, in Pretoria, by Paul Kruger, its president, whose name inspired the creation of the most famous South African Coins, the Krugerrands. However, up until 1941, the mint was run by the British Royal Mint and, during this time, produced over 83 million gold sovereigns. In 1961, the South African Mint introduced its own currency and replaced British coins. However, only in 1964, did the mint come up with the concept of producing its first gold bullion product – the Gold Krugerrand Coin, which started to be manufactured later in 1967.

South African Coins Sizes and Designs

South African Gold coins carry various, yet outstanding, coin designs, with different size options. The available coin weights range between the well-known 1 troy ounce gold coin and its fractional ½ oz., ¼ oz. and 1/10 oz. options. Besides the famous Gold Krugerrands and Gold Sovereigns, the South African Gold Coins featured different and incredibly detailed designs. The Protea Series, for example, featured the Protea Cynaroides, commonly known as the “King Protea” or the “King Sugar Bush”, the South African national flower. The reverse side of these coins depicts significant social events, figures or industries of South Africa. The Natura Series features images of different South African animals. This series which commenced in 1994, began with “The Big Five” design (Lion, Rhino, Elephant, Buffalo, and Leopard) and continued with the “Monarchs of Africa” (Kudu, Sable and Oryx), “Wild Cats of Africa” (Cheetah, Lion, Caracal), “Giants of Africa” (Hippo, Giraffe, Eland and Elephant), “Safari Through South Africa” (White Rhinoceros and Black Rhinoceros), “Nature’s Families” (Meerkat, African Painted Wolf, Zebra) and the ongoing “Nocturnal hunters” (Leopard, Black-backed Jackal and 2016 Spotted Hyena). The Mandela Series features the portrait of famous South African president and Nobel Peace Prize winner, Nelson Mandela.

The South African Gold Krugerrands

Gold South African Krugerrands were introduced in 1967 by the South African Mint and, until 1980, covered about 90% of the international gold coin market. During 1974 and 1985, about 22 million Gold Krugerrand coins were imported into the US alone. The coin is made of .9167 pure gold, with the remaining weight consisting of copper, which gives the coin a more orange appearance in comparison with silver alloyed gold coins. The Krugerrand name comes from “Kruger”, the name of the South African President, Paul Kruger, depicted on the obverse side of the coin, and “rand” which is the unit of currency in South Africa. The portrait of Paul Kruger was designed by the famous engraver Otto Schultz. The reverse side of the coin represents the image of one of the national symbols of South Africa, the springbok antelope, designed by Coert Steynberg. This design was previously used for the 5-shilling coin that was minted in 1947 to commemorate the visit of British Royal Family in South Africa. The coin also contains the engravings of its name and the name of the country, purity and weight marks. The South African Gold Krugerrand coin does not carry a face value stamps; thus, their legal value is established according to the current gold spot price.

The South African Gold Sovereign Coins

The Pretoria Mint was the last mint under the British governance to strike gold sovereigns between 1923 and 1932. The coins were produced of 0.2354 troy ounces of 24-karat .9167 pure gold, which is the exact measurement of all other sovereign gold coins. The obverse side of the coin features a portrait of George V, the British reigning monarch. On the reverse side of the coin is depicted St. George riding a horse and slaying a dragon. This artistic depiction belongs to the young and talented Italian engraver Benedetto Pistrucci and was used for all gold sovereigns, beginning in 1817. During the mintage years, the coins were issued in different amounts, but the rarest ones are those released in 1923 and 1924. This is the reason why owning South African Gold Sovereigns is considered very hard, yet truly rewarding due to the coin’s scarcity and historical value.

Browse our collection of the unique South African Gold Coins online today. If you have any questions about these remarkable pieces of the South African gold coinage, please do not hesitate to contact us at 800.852.6884. You can also reach Bullion Exchanges customer service associates online through the use of our live chat feature, or by email at info@bullionexchanges.com.

Please wait...