A coin is a small, flat, round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade.
Find below are the list of Valuable Coins In South Africa
Randburg Coin – Kindly Note we DO NOT buy Mandela R 5 Coins.
COLLECTORS INVESTMENTS
Muntstuk International Coins
The Scoin Shop
Which coins can be sold in South Africa?
The SARB does not sell coins to the public. However, Krugerrands, Protea, and Natura series gold coins as well as a variety of other commemorative coins minted not only in gold can be bought from the SA Mint or an authorised coin dealer (link to SA Mint website with authorised dealers).
Which bank buys Mandela coins?
Does the Reserve Bank buy Mandela coins? Well, SARB only buys gold coins that are accepted as legal tender, and these include Krugerrands, Natura range, Protea range. If you were wondering where to sell Mandela coins in Pretoria or any other place, you know the answer now.
Do banks still take coins South Africa?
Turns out, you can’t. In a statement published on its official Twitter page, the South African Reserve Bank clarified that the 10 cent and 20 cent pieces are still legal tender in South Africa, and can be used as payment for any purchase of good and services.
Is it legal to sell Mandela coins?
Even though the Mandela R5 coin is certainly legal, a phone call from the South African Reserve Bank made bidorbuy change its stand a little. At one point, staff were instructed to close all 2008 Mandela coin listings.
Can I sell my coins to the bank?
Consumers can turn in their coins for cash at banks, which will give them their full value. Banks do not charge a fee to their customers when they deposit coins, but many require that the coins be rolled in wrappers. Some banks like Wells Fargo will exchange rolled coins for noncustomers without a fee.
Can you change coins to notes in a bank?
You can obtain plastic money bags from any bank. You put the coins in the bag and then the cashier will weigh them. If they are correct weight you can then receive the value in notes. The plastic money bag can only take one type of coin and it must be the exact number required (ie 200 x 2 p, 300 x 1p etc).