The physical address to the SA mint is Old Johannesburg Road, Gateway, Centurion, South Africa. GPS co-ordinates are (25°54'57" S, 28°9'22" E)
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Commemorative R5 coins that are in circulation (circulation coins are the coins that the South African Mint produces for everyday transactions) retain their value of R5 only. The SARB does not buy back circulation coins.
Customers wanting to sell commemorative coins or gold coins that are not deemed to be legal tender should approach a coin dealer.
Coins, including proof coins, are purchased for their gold content at the prevailing gold price. Customers are paid out in rand. Payments to customers are processed electronically and customers receive funds directly into their bank accounts. A receipt is handed to the customer at the time of concluding the transaction.
How much can I get for the Mandela R5 coin?
The value of the Mandela R5 circulation coin remains R5. However, the gold Mandela coins that form part of the Natura series of gold coins are bought by the SARB at the prevailing gold price.
What price can you give me for my 1979 1 oz Krugerrand?
The SARB will only pay for the gold content of any Krugerrand, and Protea or Natura series gold coins offered. The prevailing market gold price and dollar exchange rate are used to calculate the price offered for the coin(s) on the day of selling. It should be noted that no premium is paid for the scarcity or collectability of any coin(s) offered for purchase by the SARB. Authorised coin dealers or coin collectors are more likely to pay a premium for collectable coins.
Does the SARB pay a premium for proof coins?
The SARB only pays for the gold content of the coins offered. However, proof coins can be sold to an authorised coin dealer or coin collector who might be willing to pay a premium for the coins based on their scarcity and condition.
Does the SARB provide parking for clients who wish to sell back their gold coins?
The SARB does not have parking available for the public. Clients can consider using the parking offered by the State Theatre and Sammy Marks Square, as both are in close proximity to the SARB.
Where can I buy Krugerrands / can I purchase gold coins from the SARB?
The SARB does not sell coins to the public. Gold coins, including Krugerrands, can be purchased from the South African Mint or authorised coin dealer. A list of accredited authorised gold coin dealers is available on the South African Mint website.
What price can I expect the SARB to pay for my Krugerrands or other acceptable gold coins?
The prevailing market gold price and dollar exchange rate are used to calculate the price offered for gold coin(s) on the day of selling.
What is the procedure for selling gold coins to the SARB?
The purchasing of legal tender gold coins from the public is offered on Wednesdays, between 09:00 and 12:00 strictly on an appointment basis only. More information and contact details are provided on this SARB webpage.
Which gold coins are bought back by the SARB?
The SARB buys Krugerrands, and Protea and Natura series gold coins from the public. However, the SARB will only pay for the gold content of each coin and no premium is paid for the scarcity or collectability of the coin. Authorised coin dealers or coin collectors are more likely to pay a premium for collectable coins.
The flagship product of the Krugerrand family, the 1oz gold Krugerrand’s classic size has been central to the Krugerrand collection for over 50 years.
The obverse of the coin bears a bust of Paul Kruger, who was South Africa’s president at the time the original Krugerrand was first introduced. The reverse of the coin features a prancing springbok and the year the coin was minted, with the word ‘Krugerrand’ above the animal and the gold content below.
Click here to see more Krugerrands.
The Natura series was South Africa’s first fine gold series and was first released by the South African Mint in 1994. The designs are inspired by South African wildlife and each edition showcases an animal native to South Africa.
The obverse design of a Natura series gold coin usually consists of an animal, the mintage year, and the inscription ‘SOUTH AFRICA’. The reverse design varies each year, sometimes displaying the weight and purity. The engraving ‘NATURA’ forms part of the design.
Click here to see more Natura series.
On occasion, the South African Mint releases special products, often to commemorate a special event or award. Protea coins were first introduced in 1986.
The obverse has an image of the king protea, the national flower of South Africa. Each reverse bears a different attractive design based on the theme for that year.
Click here to see more Protea series.
In cases where a client is acting on behalf of another person, the identity of the other person will be verified and the client’s authority to conclude the transaction on behalf of the other person will be established.
In the event of the lawful owner being a company or a close corporation, the registered name as well as the trading name should be provided if the two differ. The physical address from which the company/close corporation operates should also be provided. (If there are multiple addresses, the street address of the office wishing to sell the coin and the Head Office address must be obtained and verified). In order to verify the identity of the above, the following documents will be sufficient:
For the deceased:
For the executor(s):
Email Trade Settlements team at email@example.com or telephonically on +27 12 313 4766.
SA Mint: Authorised dealers
Financial Surveillance (exchange control): Currency and exchanges guidelines
Financial Surveillance (exchange control): Frequently asked questions
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If you have further questions about gold coins purchased from the public, please do not hesitate to contact us.