Does South African Reserve Bank buy coins?

Does Reserve Bank buy old coins?

The South African Reserve Bank only buys gold coins accepted as legal tender, including Krugerrands, Natura range, and Protea range. If you were wondering where to sell old coins in Pretoria or any other place, you know the answer now. So, instead of asking, “Where can I sell my old coins?” Just go online.

Can I sell my coins to Reserve Bank?

The SARB does not sell coins to the public. However, Krugerrands, Protea, and Natura series gold coins as well as a variety of other commemorative coins minted not only in gold can be bought from the SA Mint or an authorised coin dealer (link to SA Mint website with authorised dealers).

Do banks take coins in South Africa?

Turns out, you can’t. In a statement published on its official Twitter page, the South African Reserve Bank clarified that the 10 cent and 20 cent pieces are still legal tender in South Africa, and can be used as payment for any purchase of good and services.

Where can I deposit coins in South Africa?

You can insert South African coins from five cents to five rands into a Capitec cash recycler, and it will deposit the money into an account at the bank to pay off debt or to add to savings. The account can be yours or someone else’s. Cash deposits at Capitec cost 80c per R100.

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How much is a 2 rand coin worth?


Country South Africa
Period Republic of South Africa (1961-date)
Type Circulating commemorative coin
Year 2013
Value 2 Rand 2.00 ZAR = 0.13 USD

How much is a 2008 Mandela coin worth?

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.

How many Krugerrands can I travel with?

Foreign visitors / travellers may take up to fifteen Kruger Rand coins with them out of South Africa given they can prove that the coins were acquired with foreign currency brought with them into South Africa.

How much cash can you legally keep at home South Africa?

There is no legal limit to how much you cash you keep on hand – you will most likely have to show how you legally came to have that much cash and that you declared it on ypur taxes.

What animal is on the 20c coin in South Africa?

South Africa’s national flower, the king protea, is featured on the nickel 20c coin. On the reverse side of 20c coins dated 1965 to 1969 is a portrait of Dutch colonial administrator Jan van Riebeeck.

Additional information.

Location South Africa
Animal gemsbok, lion, springbok, wildebeests

Where can I exchange coins for paper money?


  • Local bank or credit union. Your local bank or credit union branch may let you exchange coins for cash via coin-counting machines, letting you to roll your own coins, or take coins in another way. …
  • QuikTrip. …
  • Safeway. …
  • Walmart. …
  • Target. …
  • Lowe’s. …
  • Home Depot. …
  • CVS.
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