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1 Rand South-Africa gold coin  (various years)

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1 Rand South-Africa gold coin (various years)

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Quick Overview

The gold 1 Rand has been in issued since 1961 and there is currently more than 50 million troy ounces worth of gold South African Rand in circulation. The 1 Rand gold coin contains 22 carat gold.



In addition to the 1 Rand, which was introduced in 1961 when South Africa became a republic, the Rand also exists in coinage form: 2, 5, 10, 20 and 50 cents and 1, 2, and 5 Rand. 1 Rand is 100 cents. The South African Rand replaced the South African Pound. Alongside the golden Rand Coins, there exist 5 types of bank notes of resp. 10, 20, 50, 100, and 200 Rand. The ratio of the South African Rand to the Euro is roughly 10 to 1. The 1 Rand coin has status as legal tender but is never used as such.

1 Rand
The South African 1 Rand coin has been minted since February 14, 1961. The 1 Rand coin replaced the South African 1/2 Pound coin. The Rand was a result of a movement towards the decimalisation of South African currency. The golden Rand coin has the same dimensions as the British 1/2 Sovereign, which was 19.43 millimetres in diameter and 1.09 millimetres thick.

South African Rand versus Krugerrand
Golden 1 Rand coins were struck until 1983, when they were substituted entirely for smaller Krugerrand coins; the substitution process had begun in 1967. As of March 2002, the South African government halted issuance of 1 and 2 Rand bullion coins. Although 1 Rand bullion coins technically are still legal tender, nearly all coins have been purchased by investors or collectors.

 

* The image shown is an example, the product may differ. This product is circulated.
** The weight shown relates solely to the weight of the precious metal. The total weight of the product may differ.
*** Prices shown are inclusive of VAT (if applicable).

Prijs op aanvraag Yes
Manufacturer South African Mint
Metal Gold
Weight of precious metal 3.66 gram
Purity 916.7/1000
Quality Circulated
Year Random
Dimensions Ø 19.40 x thickness 1.00 mm
Face value ZAR 1
Certificate No
Country of origin South-Afrika
Delivery time On request
VAT Rate 0% tarief

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