South African 1 & 2 Rand Gold Coins


The South African Mint produced Gold Rands with the denominations of 1 Rand and 2 Rand between 1961 and 1983. They are available as almost uncirculated, brilliant uncirculated and proof coins. The 1 and 2 Gold Rand coins contain 91.67% gold with respective actual fine gold weights of 0.1177 oz and 0.2354 oz. The coins were replaced by the 1/10 oz and 1/4 oz Gold Krugerrands.

Design

The obverse side of the 1 and 2 Gold Rand coins is adorned with the portrait of Jan van Riebeeck. He was the 1st Commander of the Cape during Dutch colonial times and is regarded as the founder of the city of Cape Town. Especially the Afrikaner population of South Africa consider him as one of the founding fathers of the nation. Van Riebeeck's portrait is skillfully engraved with such fine details as the lace on his collar and his long coiffure. His portrait is encircled by the English and Afrikaan phrase “Unity is Strength” (“Eendrag Maak Mag”).

The design on the reverse side of the 1 and 2 Rand coins was created by the South African sculptor Coert Steynberg and introduced in 1948 for the 5 shilling coin. It shows South Africa's springbok antelope frolicking through the savanna. „SOUTH AFRICA“ and its Afrikaans equivalent „SUID-AFRIKA“ are inscribed along the coin's edge. The year of mintage appears above the springbok antelope and the denomination of either 1R or 2R is inscribed below it. The English and Afrikans inscriptions of the country's name and motto on the reverse and obverse side trade places from one edge of the coin to the other when comparing the 1 Rand (1R) with the 2 Rand (2R) coin.

obverse side of the South African Gold Rand coin
obverse side of the South African Gold Rand.
Gold Purity: 91.67%
Gold Weight Face Value Diameter x Thickness
0.1177 oz 1 Rand 19.43 x 1.09 mm
0.2354 oz 2 Rand 22.00 x 1.83 mm
minted between 1961 - 1983
reverse side of the South African Gold Rand coin
reverse side of the South African Gold Rand.

History

The 1 Rand coin matches the size of the British Half Sovereign and the 2 Rand gold coin is of the same size as the British Sovereign gold coin. These British coins had been minted at the Pretoria branch of the Royal Mint until 1932. From 1952 on, 1 Pound and 1/2 Pound gold bullion coins were issued that had the same dimensions as well. The Gold Rands in the denominations of 1 and 2 Rand replaced the Pound and half-Pound coins in 1961. The South African Mint in Pretoria minted the Gold Rand coins until 1983. At that time, they were replaced by the fractional 1/10 oz and 1/4 oz Gold Krugerrand coins. Even though the 1 and 2 Gold Rand coins are no longer produced these days, they still have the status of legal tender in South Africa. They are difficult to find in circulation now though.

Mintages

Annual mintage of the 1 Rand gold coin varied between 3,955 and 27,000 coins (proof coins between 2,344 and 21,000 coins). For the 2 Rand gold coin, mintage varied between 2,030 and 18,000 coins (proof coins between 2,344 and 21,000 coins).

Click here to see a table with detailed mintage numbers.

Export Version of the Coins

Besides the version of the 1 and 2 Gold Rand coins that was destined for inland circulation, the South African Mint also produced an export version that is illegal to trade in South Africa. The mintage of export coins far exceeded the mintage intended for inland circulation. It complicates matters for investors and collectors that export coins are almost undistinguishable from the rarer and more valuable inland coins in proof condition, since all export coins were produced with a proof-like finish. A certain number of export coins were produced with a proof finish as well.

gold vs. silver

Where to buy?

2 Rand Gold Coins
reverse side of the South African 2 Gold Rand coin
available Dealers:

BGASC

Buy 1962 coin PCGS MS65
for about $ 1,594.37