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The rand replaced the pound with a decimal currency: 100 cents (100c) = 1 rand (R1), 1 rand being valued at 10 shillings and 1 cent at 1.2 pence. The coins bore the forward-facing portrait of Jan van Riebeeck on the obverse. [1] The initial circulation coins of the Republic were the following: [2] 1 ⁄ 2 cent (approximately replaced 1 ⁄ 2 d)
The South African Mint is responsible for minting all coins of the South African rand on behalf of its owner, the South African Reserve Bank. Located in Centurion, Gauteng near South Africa's administrative capital Pretoria , the mint manufactures coins and planchets for both domestic and international markets.
New 5-cent coins were introduced in 1973, followed by 10, 20 and 25 cents in 1975. Coins were struck until 1977 at the South African Mint in Pretoria. Rhodesia had both 1 ⁄ 2 Cent and 2 + 1 ⁄ 2 Cents coins, just like in South Africa. The 1 ⁄ 2 Cent coin was struck between 1970 and 1977 - with the 1977 1 ⁄ 2 Cent being extremely rare ...
To lower the silver/gold value of the coin by altering its purity, but with the same face value as the pure coin. This often happens during periods of high inflation. denticles Small, decorative tooth-like projecting points on the inside edge of a coin. [5] designer The artist or creator of a coin's design. [1] device
1 ⁄ 2 cent 1 cent 2 + 1 ⁄ 2 cents: 1948 1983 1948: 1948 1983 1948: No: With the introduction of the euro on 1 January 2002, the 5-cent, 10-cent, 25-cent, 1-guilder, 2 + 1 ⁄ 2-guilder and 5-guilder coins ceased to function as legal currencies. New Zealand: 1 and 2 cents 5 cents: 1987 2004: 30 April 1990 1 November 2006: No [3]
In 1923, South Africa began to issue its own coins, adopting coins that were identical in size and value to those used in Great Britain: 12 pence (12d) = 1 shilling (1s), and 20s = 1 pound (£1). On 14 February 1961, the Union of South Africa adopted a decimal currency , replacing the pound with the Rand .
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1913 Liberty Head nickel - 5 cents PR-66 CAC United States Eliasberg Ronald J. Gillio (private transaction) [13] [14] April 2007 $4,780,000 723 Umayyad Gold Dinar: Umayyad Caliphate Morten & Eden [15] October 2019 $4,750,000 1907 Saint-Gaudens double eagle - Ultra High Relief PR-68 CAC United States Bell, Hein, Simpson Private sale [16 ...