3 April 2020PLEASE NOTE that we ONLY sell gold that we PHYSICALLY have in stock. Our position is changing all the time, so you will need to call us for up-to-date availability. Unfortunately, we are currently unable to offer wholesale deals to the trade - strictly retail only. We have Krugerrands and Sovereigns available for immediate delivery.Coronavirus Statement Our POSTAL service remains FULLY operational.In-line with UK Government instruction, our counter service is now CLOSED until further notice. If you have recently purchased bullion from us, we will be in-touch to offer you the option of UK vaulted storage until such time you're able to collect it, or shipping to you via Special Delivery. Please DO NOT try to collect it.If you are selling scrap gold, silver or gold bullion, our postal service remains operational for sales of standard scrap, bullion and coins. We are unable to offer a 'melt & assay' service until further notice. Advice from Public Health England confirms that Coronavirus does not survive for long on parcels and packaging, therefore our online service will continue to operate. We can also confirm that Royal Mail has extensive contingency planning in place to ensure their delivery network remains operational. You can read their statement here.
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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