South African Mint

South African Mint
Industry Coin production
Founded 1890 (First national mint)
1923 (as a branch of the Royal Mint)
1941 (as an independent mint)
Headquarters Centurion, Gauteng, South Africa
Area served
 South Africa
Products Coins
Owner South African Reserve Bank
Website www.samint.co.za

The South African Mint is a privately owned mint in South Africa responsible for minting all coins of the South African rand on behalf of the South African Reserve Bank. Located in Centurion, Gauteng province near Pretoria, the mint manufacturers coins and planchets for both domestic and international markets.[1]

History

Following the discovery of gold in the South African Republic causing the 1886 Witwatersrand Gold Rush, the country's President Paul Kruger decided to establish a national mint which was established in 1890 and opened on July 6, 1892 in Pretoria. A few years later the country was occupied by the British who established the Transvaal Colony and caused the mint to close after the pound sterling was deemed legal tender. Under The Mint Act of 1919, the British established a branch of the Royal Mint on the 1 January 1923, producing £83,114,575 worth of sovereigns of its lifetime. As South Africa began cutting ties with Britain, the mint closed on the 30 June 1941 only to be later reopened as the now named South African Mint.[2][3]

Products

Most of the production is of circulation coins and Commemorative coins. Among them are:

The world-famous Krugerrand gold coin is minted here since 1967. From 1996, the Mint has operated a retail outlet and museum at Centurion, Gauteng.[5]

See also

Media related to Coins of South Africa at Wikimedia Commons

References

  1. ↑ "About us". South African Mint. Retrieved 26 September 2017.
  2. ↑ "The History of the South African Mint". southcapecoins.co.za. Retrieved 22 July 2017.
  3. ↑ "A History of the South African Mint". providentmetals.com. Retrieved 26 September 2017.
  4. ↑ www.samint.co.za. Collector Coins > Proof Coin Manufacture. Retrieved 2010-12-04.
  5. ↑ www.samint.co.za. Coin World. Retrieved 2010-12-04.


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