Which Bank Buy Mandela Coin In South Africa

What is Mandela Coin?

The coin is aimed at celebrating the life of Nelson Mandela who would have celebrated his centenary on 18 July 2018.

It features South Africa’s coat of arms on the obverse, replacing the Black Wildebeest (or Gnu). On the reverse is a portrait of Mandela alongside a latent image featuring the years 1918 and 2018.

Which Bank Buy Mandela Coin In South Africa?

The South African Reserve Bank only buys gold coins accepted as legal tender, including Krugerrands, Natura range, and Protea range. If you were wondering where to sell old coins in Pretoria or any other place, you know the answer now.

Can I sell my coins to the bank?

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).about:blank

Do banks still accept 5c coins ?

The 5c coin will, however, remain legal tender and the public is encouraged to continue to recirculate this coin together with all South African coins. Accordingly, all banks and businesses are obliged to continue to accept the 5c coins as legal tender.

Does Reserve Bank buy old coins?

The South African Reserve Bank does not buy back circulation coins.

Do banks buy Mandela coins?

Does the Reserve Bank buy Mandela coins? The South African Reserve Bank only buys gold coins accepted as legal tender, including Krugerrands, Natura range, and Protea range.

Which banks take coins?

  1. Citibank (requires coin rolls and some fees may vary)
  2. Community Savings Banks (requirements vary)
  3. US Bank (no rolls but current customers only)
  4. Bank of America (requires coin rolls)
  5. First County Bank.
  6. Western Credit Union.
  7. Peoples United.

How much cash can you legally keep at home South Africa?

For cash in South African Rand (ZAR), the limit is 25,000ZAR. For combinations of cash in other currencies, the limit is US$10,000 (or equivalent). You should declare any amount higher than this on entry to South Africa.

Which South African coins are worth money?

  1. Single 9 Pond (1898) Single 9 Pond.
  2. Kruger Double Nine Ponds (1899)
  3. Burgers Pond Coarse Beard (1874)
  4. Sammy Marks Tickey (1898)
  5. Burgers Pond Fine Beard (1874)
  6. VeldPond (1902)
  7. Mandela 90th Birthday Coin (2008)
  8. Mandela’s 100th Birthday R5 coin (2018)

Is 5 cents still used in South Africa?

All coins currently being circulated in South Africa are considered legal tender, even if they are no longer being minted. This includes the 5 cent coin, which stopped being minted in 2012, as well as the 1 cent and 2 cent coins which stopped being minted in 2002.