What is Coins?
Currency is a selection of metal coins a coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender.
Companies That Buy Coins In South Africa
Randburg Coin – Kindly Note we DO NOT buy Mandela R 5 Coins.
Address: Unit 10 Netwater Place, 252 Oak Ave, Ferndale, Randburg, 2194, South Africa
Hours: Open ⋅ Closes 4 pm
Phone: +27 11 789 2233
The S a Coin Corporation (Pty) Ltd
Address: 145 Commissioner St, Johannesburg, 2001, South Africa
Hours: Open 24 hours
Phone: +27 66 508 9338
The Coin Company
Address: 1 Aureole Ave, Northgate, Northwold, 2188, South Africa
Hours: Closes soon ⋅ 3 pm ⋅ Opens 9 am Thu
Phone: +27 11 055 2649
Which coins in South Africa are worth money?
| Commemorative coin | Year | Market’s Value(2022) |
|---|---|---|
| Presidential Inauguration | 1994 | Listed for as much as R30,000 |
| Mandela “Smiley” | 2000 | Listed for as much as R49,500 |
| Mandela’s 90th Birthday | 2009 | Listed for as much as R150,000 |
| South African Reserve Bank’s 90th Anniversary | 2011 | Listed for as much as R1,995 |
Do banks in South Africa buy old coins?
While most banks in South Africa offer exchanges for old coins, it’s important to note that the South African Reserve Bank (SARB) doesn’t buy back circulation coins.
Gold coins like Krugerrands, Protea, or Natura series gold coins, however, may find a home in the SARB’s embrace.