Sell Gold Coins

2 Rand Gold Coins

3 April 2020

PLEASE 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.

Purity Weight (g) Fineness Min. Gold Content (g) Price £
2 Rands 7.998 .9166 7.3 300.28

The South African government issued a 2 Rand gold coin for legal tender in trade throughout the Common Monetary Area, which encompasses South Africa, Swaziland and Lesotho from February of 1961 until 1983. The 1 and 2 Rand coins continued to be minted from silver during the period of 1983 until March of 2002 when they were completely removed from the mint.

The 2 Rand coin was created to replace the South African Pound as a part of the countries move towards decimalization of their currency. As such, the 2 Rand coin represents 200 South African cents.

While the Rand is still considered legal tender in the Common Monetary Area and Namibia, it has been largely removed from circulation after being replaced by the Krugerrand. The process of replacing the Rand with the Krugerrand began in 1967 and finally reached its completion in 2002. To make trade negotiations more flexible, the Rand was minted in both 1 Rand and 2 Rand denomination coins until March of 2002.

The coin weighs in a 7.98 grams and is made of 22 carat gold. The South African 2 Rand coin has the same dimensions as the British Sovereign, being 22.00 millimeters in diameter and 1.83 millimeters in thickness.

The front face of the early (1993 and earlier) 2 Rand coin bears the forward facing image of Cape Town's founder, Jan van Riebeeck, while the reverse side of the coin is graced with the 1948 South African 5 Shillings Springbok design by Coert Steynbergs.

There have been some design changes to the 2 Rand coin over the years, including a redesign of the numerals on the coin and the replacement of Jan van Riebeecks portrait with the image of the South African Coat of Arms on the obverse of the coin in mints from 1994 onwards. During this period, the coins were also minted with 11 different languages.

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