The South African Reserve Bank statement on the value of the R5 commemorative circulation coins
The SARB would like to reiterate that commemorative circulation coins, such as the R5 Griqua Town coin, are ‘normal’ circulation coins that form part of all the other coins already in circulation. These circulation coins, whether ‘normal’ or commemorative, are all worth their face value, which is R5 in the case of the R5 Griqua Town circulation coin.
If you receive one of these coins as change, please do not hold on to it. Use it to make a purchase so that the next person can also experience the beauty of the coin.
The SARB issues commemorative circulation coins as part of its currency production function. These coins are issued to commemorate a person or an event that has had a significant impact on society. Such coins are always produced in large quantities and are made available and accessible to the public at face value. For example, the commemorative R5 Nelson Mandela circulation coin that was issued in 2008 to celebrate the former president’s 90th birthday was and is still worth R5.
Fifty years since it was first introduced in 1967, the Krugerrand has built an indisputable legacy as one of the leaders in the global gold bullion investment industry.
The official Golden Jubilee celebration kicked off at the World Money Fair (WMF) 2017 on 3 – 5 February in Berlin, where South Africa was the Guest of Honour. A modern and fresh look at the Krugerrand brand personifying the coin’s staying power, longevity and resilience was revealed at the WMF through a series of events that took place alongside the main coin exhibition.
The South African Mint revealed the first-ever South African colour coins at the highly successful inaugural Cape Town Flower Show held on 27 to 30 October 2016, at the Castle of Good Hope. The crown-sized coins are a first-of-a-kind innovation in South Africa that sees colour applied to coins. In 2015, the South African Mint launched the UNESCO Man and Biosphere coin range, celebrating the rich diversity of the Kogelberg Biosphere Reserve. It was this inaugural range that inspired the creation of the new colour coins, which depict the fauna and flora of the Kogelberg area.
This latest range consists of two R5 (1 oz) sterling-silver coins depicting flowers and two R10 (1 oz) sterling-silver coins depicting birds – all in colour- and only 500 of each coin will be minted. The first R5 coin features a beautiful flowering blue-bearded disa, while the second coin depicts the striking Hermanus cliff gladiolus, situated in its natural habitat of rocky sandstone outcrops and cliffs.