What is a Coin?
A coin is a small object, usually round and flat, 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. They are most often issued by a government.
Coins often have images, numerals, or text on them. The faces of coins or medals are sometimes called the obverse and the reverse, referring to the front and back sides, respectively.
Where Can I 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: Closes soon ⋅ 4 pm ⋅ Opens 8:30 am Thu
Phone: +27 11 789 2233
The South African Gold Coin Exchange (SAGCE) & The Scoin Shop Head Office
Address: Floor Tower 2, The MARC, 129 Rivonia Road 12th, Sandton, 2196, South Africa
Hours: Open ⋅ Closes 4:30 pm
Phone: +27 11 784 8551
The S a Coin Corporation (Pty) Ltd
Address: 145 Commissioner St, Johannesburg, 2001, South Africa
Hours: Open 24 hours
Phone: +27 64 942 8084
Mperor’s Coins
Address: 7 6th Ave, Northmead, Benoni, 1501, South Africa
Hours: Open ⋅ Closes 8:30 pm
Phone: +27 83 412 6983
How to buy coins in South Africa?
Gold coins, including Krugerrands, can be purchased from the South African Mint or authorized coin dealer. A list of accredited authorized gold coin dealers is available on the South African Mint website.
Which coins are sold in South Africa?
There are six denominations of South African coin in circulation: 10c, 20c, 50c, R1, R2, and R5. The minting of the 1c, 2c and 5c has been discontinued.
What are the new coins in South Africa in 2023?
In 2023, South Africa’s national flower replaced its national animal as the new nickel-plated steel R1 coin features the King Protea (Protea cynaroides) on the reverse.
When the second decimal series was introduced the 50c became a nickel coin, and the reverse changed to a floral design depicting 3 flowers.