When South Africa gained full independence from British control, the fledgling government moved quickly to introduce coinage that was uniquely South African and devoid of the denominations of the Pound Sterling. Initial offerings included only a 1 Rand Gold South African Coin and a 2 Rand option. Today, 1 Rand Gold South African Coins are available online at Silver.com.
- Ships to you inside of a protective plastic flip.
- Struck by the South African Mint between 1961 and 1983!
- Consists of .1177 Troy ounces of actual gold content in AU condition.
- Face value of 1 Rand (ZAR) is fully backed by South Africa’s government.
- Obverse depicts the founder of Cape Town, Dutch colonial administrator Jan van Riebeeck.
- An early depiction of the Springbok antelope appears on the reverse.
The 1 Rand Gold South African Coin predates the more popular Gold Krugerrand, which was not released until 1967 as the first of a series of new gold bullion coins that would sweep the world in the decades to come. The 2 Rand and 1 Rand Gold South African Coins were the first circulation currency in the South African Rand (ZAR) denominations.
1 Rand and 2 Rand gold coins are no longer issued by the South African Mint, having been replaced by smaller denominations of the Krugerrand gold coins. You can still find the Rand coins floating around in collections, and they are still considered legal tender despite the fact most people hold onto them for collectible value rather than actually spend them.
All 1 Rand Gold South African Coins listed here are About Uncirculated coins. A coin in AU condition has only slight signs of wear and tear on its surfaces, and often falls between 50 and 58 on the Sheldon numeric scale for certifying coins.
The reverse of the Rand Gold South African Coin features an original depiction of the Springbok antelope later used on the Krugerrand. The creature is depicted in a similar jaunt across the landscape of South Africa and is encircled by engravings of “South Africa,” the year of issue, “Suid Afrika” in Afrikaans, and the face value of “1R.”
On the obverse is a portrait bust of Jan van Riebeeck. A Dutch colonial administrator, van Riebeeck is credited with founding the city of Cape Town and served as its first Commander of the Cape from April 7, 1652 until May 6, 1662. Cape Town was established as a way-station for Dutch East India Company vessels sailing around the Cape of Good Hope.
The South African Mint was tasked with coining the 1 Rand Gold South African Coin, and did so using its mint facility in the city of Pretoria near the capital of Johannesburg.
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