Coronavirus StatementWe are fully operational.No counter transaction fees! Our counter rates are now the same as our very high online rates.If you're selling scrap gold, bullion, silver, platinum or palladium, our postal service is fully operational for sales of standard scrap, bullion and coins. You can visit our precious metals trade counter here:143 High Street (Station Road entrance), Royal Wootton Bassett, SN4 7ABOur counter opening hours are from 10am - 3:30pm. The transaction process is secure and contact free. If you visit whilst we are already dealing with a customer, you will be asked to wait outside until that customer has left. Please ensure you bring with you photo ID (driving licence or passport) and one proof of address (recent utility bill, bank statement or council tax bill).
First introduced February 14, 1961, the 1 Rand coin replaces the South African Half Pound.
To facilitate easier trade, the Rand is available in 1 Rand and 2 rand denomination coins. The Rand is a product of the move towards decimalization in coinage and thus represents 100 South Africa cents. The common symbol for the Rand is the letter R.
The South African 1 Rand coin has the same dimensions as the British Half Sovereign, being 19.43 millimeters in diameter and 1.09 millimeters in thickness. The coin weighs in a 3.99 grams and is made of 22 carat gold. The front face of the coin bears the portrait of Jan van Riebeeck, the founder of Cape Town. The reverse side of the coin displays Coert Steynbergs Springbok design, which was originally created for the South African 5 shilling coin in 1948.
As of March 2002, the 1 Rand and 2 Rand coins are no longer being minted by the South African government. To facilitate this change in available currency, all trade in the Common Monetary Area is rounded to the nearest 5 cents. While the coins are still considered legal tender for trade, they have become less visible in trade as collectors remove them from circulation to add to their collections.
Gold Rand coins were only minted until 1983, when they were completely replaced by the smaller Krugerrand coins in a process that began in 1967.
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Company Registration Number: 6521732Address: 143 High Street, Royal Wootton Bassett, SN4 7AB