South African Mint

29 Item(s)

per page

Grid  List 

29 Item(s)

per page

Grid  List 

About South African Mint

The South African Mint is the official South African sovereign mint which is owned by the government through the South African Reserve Bank. It is a leading international coin-maker with a proud tradition of issuing coins for more than 120 years. The SA Mint is in charge of manufacturing the South African circulating coins, yet it also has an exceptional history of mining high-quality bullion and commemorative coins. Over the years, the SA Mint won numerous international awards (such as the 2011 Coin of the Year Award) and gained a worldwide reputation for its classic designs and top-notch bullion quality. Today, the South African Mint also produces circulation coinage and coin blanks for many African countries, as well as countries in Asia, and Europe.

The History of South African Mint

The history of the SA Mint started in 1886 when the South African gold was discovered near the Witwatersrand area of Johannesburg. The South African President Paul Kruger decided to found a national mint near this area in order to solve two major issues: to cover the existing severe shortage of circulation coinage and to provide means for the SA Republic to strike its own currency. The State Mint was officially established in 1892 in Pretoria, and its original site can still be found there.

After the British Empire had occupied Pretoria in the 20th century, the mint ceased its activity, and the British currency replaced the existing coinage. In 1919 was established the official branch of the Royal Mint in Pretoria and in 1923 the first gold sovereign was minted here. However, once the bonds with the British Mint were broken in 1941, the mint became known as the South African Mint.

In 1961, when the country became a Republic, the British Pound was replaced with a new South African decimal currency, the Rand. The Rand was produced by the SA Mint in various denominations, including the half-cent, 1 Rand, and 2 Rand gold coins. The South African Mint was privatized in 1988 and became the subsidiary of the South African Reserve Bank. Because the existing facility wasn’t able to meet the new, larger demand for coinage, the mint was relocated to Gateway, Centurion, in 1992, being one of the most advanced coin manufacturers in the world.

South African Mint Bullion

The mint’s products display exceptional craftsmanship and high coinage standards, along with the pride and heritage of the South African nation. The South African Mint strikes the well-known Protea Series (commemorating different life moments of Nelson Mandela), Big Cats Series (celebrating Africa’s big cats, in collaboration with National Geographic), Natura Series (depicting renowned animals of the South African fauna), as well as the R1 and R2 commemorative sets.

However, it’s most famous South African gold coin is the Gold Krugerrandthe first modern gold bullion coin issued in 1967, featuring the profile portrait of Paul Kruger and the iconic Springbok antelope. The coin was released to encourage private gold ownership, and over 49 million ounces of gold have been produced since their introduction. Gold Krugerrands consist of .9167 fine gold and have been issued in several sizes, including the standard 1 oz., as well as the fractional ½ oz., ¼ oz., and 1/10 oz. These South African coins are also available in certified editions. In 2017, the South African Mint introduced its first Silver Krugerrand and Platinum Krugerrand coins to celebrate the 50th anniversary of the legendary coin. The platinum edition is made from 1 oz. of .9999 fine platinum while the silver issue is made from 1 oz. of .999 fine silver.

Browse our extensive collection of South African coins and pick your favorite piece. For any questions, contact us at 800.852.6884, by live chat, or via email at info@bullionexchanges.com.