South African Mint honours Mandela’s legacy with new Bronze and Silver coins

Johannesburg, South Africa – 23 April 2018 – The South African Mint, a subsidiary of the South African Reserve Bank (SARB) is proud to announce two new coins which pay tribute to one of the most outstanding figures in South African public life and one of the key political architects of present day South Africa, Nelson Mandela.

2018 marks a century since the birth of Nelson Mandela and the Mint has produced a coin range to commemorate this milestone.

The coins, a bronze alloy and sterling-silver, honouring the global icon of hope will be available from today and can be purchased from the South African Mint’s retail store in Centurion, Elegance Jewellers in Melrose Arch and various pop up stores in malls around South Africa (visit www.samint.co.za for details).

The bronze alloy coin is priced at R127 and tells its own tale, says Tumi Tsehlo, MD, South African Mint.

“Pricing the coin was a conscious tribute to Nelson Mandela’s legacy and our way of paying it forward. To celebrate 100 years since the birth of Mandela, and in remembrance of the 27 long and lonely years he spent in prison, the entry level bronze alloy coin is priced at R127. With every coin purchased, R27 (VAT-free) will be donated to the Nelson Mandela Foundation”.

The coins portray Madiba, as he was affectionately known, through the years. The R50 bronze alloy depicts him as a young lawyer and the R50 sterling-silver coin, as he looked later in life as the country’s first democratic president.

Born a century ago, Nobel laureate, Mandela was a leading figure in South Africa’s fight against Apartheid rule. The new coins are the second instalment in the “Celebrating South Africa” theme, through which the Mint celebrates milestones and symbols of South Africa’s freedom, democracy and culture. The first coin series in this theme was the 2017 OR Tambo Centenary range.

The two collectable coins are each packaged in alluring ‘coin blister’ envelopes which bear endearing images of Mandela over the years.

According to the South African Mint, the purpose of the series “Celebrating South Africa” is to educate and provide a historical perspective on SA’s struggle icons without whose efforts, bravery and self-sacrifice the fight against minority rule would not be sustained. The inaugural coin in the range featured Mandela’s comrade-in-struggle OR Tambo and was launched during his birth centenary last year.

“South Africans must never forget her heroes who stood up and against injustice and inequality to usher a new era of freedom and democracy. We hope their stories will continue to be told and heard every time someone holds a Madiba or Tambo commemorative coin,” adds Tsehlo.

“Collectability is a function of craftsmanship, quality and theme amongst other personal preferences. The Mandela series no doubt ticks all the boxes and will be an amazing addition to any collection, not only because of its design but also because of the enduring value of the theme.”

“We will soon be announcing new products in the Mandela Centenary range that will far exceed the expectations of both numismatics and aficionados and add value to their collections.”

About the South African Mint: The South African Mint is home to the world famous Krugerrand, the first bullion coin in the world, introduced in 1967. The Mint is the continent’s leading manufacturer of legal coin tender, as well as commemorative and rare collectible coins. With over 100 years’ experience in supplying symbols of value to the African and global markets, we pride ourselves in delivering products that represent our commitment to uniquely African design and supreme craftsmanship. We collaborate closely with our customers to develop distinct and durable monetary products that capture and preserve the heritage and pride of a nation. The South African Mint is a wholly owned subsidiary of the South African Reserve Bank (SARB), established in accordance with the SARB Act.