South African Mint


aerial view of the South African Mint in Centurion
aerial view of the South African Mint in Centurion.

The South African Mint is the official mint of the Republic of South Africa and is wholly owned by the South African Reserve Bank. It produces the country's circulation and commemorative coins. The South African Mint has a public section (and shop) that can be visited but a visit of the attached museum requires pre-booking. The visiting hours are: Monday 1 pm - 4.30 pm, Tuesday to Friday 9 am - 4.30 pm, Saturday to Sunday and public holidays 9 am - 3 pm.

Minting Facilities

The current South African mint is located at Old Johannesburg Road | Gateway in the city of Centurion (Gauteng province near Pretoria) since October 1992. Until then, mintage had taken place at the country's historic mint on 103 Visagie Street in Pretoria.

History

The first coin that can be regarded as South African (known as the Cape Guilder or Ship Guilder) was actually minted in the Netherlands in 1802. However, various coins from various countries were in simultaneous circulation in South Africa until 1848. From that time on, only British coins were in circulation (minted in Britain, which occupied South Africa from 1795 - 1803 and 1806 - 1923). According to different accounts, either 530 or 986 gold "field pounds (Veldpond)" were produced at a field mint at Pilgrim's Rest near the end of the Anglo Boer War in 1902, making them very valuable for collectors today.

Postcard showing the interior of the melting house at the Royal Mint Pretoria
Postcard showing the interior of the melting house at the Royal Mint Pretoria.

South Africa's first State Mint and Bank opened on 6 July 1892 in Pretoria. It closed in 1900 and it took until 1923 before South Africa got another official minting facility, the Royal Mint Pretoria. The South African government took over the Royal Mint in 1941. An upgraded facility at the same site went into operation on 22nd November 1978.

Privatisation followed on 1 September 1988 with the South African Mint Company (Pty) Ltd being established as a subsidiary of the South African Reserve Bank. Increased demand for coinage combined with the impossibility of further expansion resulted in the relocation of the South African Mint to the city of Centurion in Gauteng province in 1992.

Popular Gold Bullion Coins

The South African Gold Krugerrand is the most popular gold bullion coin of the South African Mint. It was introduced in 1967 and once made up 90% of the world's gold coin market. It is now available in the denominations of 1/10 oz, 1/4 oz, 1/2 oz and 1 oz (actual gold content).

Furthermore, the South African Mint produced gold Rand coins with respective face values of 1 and 2 Rand from 1961 to 1983. These gold coins also had an actual gold content of 91.67%, just like the more famous Gold Krugerrands.


South African Gold Krugerrands

world's most traded gold bullion coin
available in 1/10 oz, 1/4 oz, 1/2 oz and 1 oz
91.67% gold and 8.33% copper

obverse side of the South African Gold Krugerrand coin
reverse side of the South African Gold Krugerrand coin

South African Gold Rands

produced from 1961-1983
predecessor of the Gold Krugerrands
91.67% gold

reverse side of the South African Gold Rand coin
obverse side of the South African Gold Rand coin