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These coins are priced above bullion value, although non-proof Krugerrands also have a premium above gold bullion value. They can be distinguished from the bullion Krugerrands by the number of serrations on the coin's edge. Proof coins have 220 edge serrations, while bullion coins have 160. [21]
All except the 1 ⁄ 2 and 1 cent coins were in silver. The previous South African farthing coin ( 1 ⁄ 4 d) and half-a-crown ( 2 + 1 ⁄ 2 s) were not continued in decimal currency. In addition, two bullion coins with denominations of 1 rand and 2 rand were issued, replacing the gold half-pound and pound coins introduced in 1952.
After the Union but before 1923, coins in circulation were mostly British, but the coins of Paul Kruger's South African Republic remained in circulation. 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
Smugglers shipped cases of silver coins to Britain in refrigerators labelled as 'frozen duck'. [5] By June 1933, Canadian and American quarters had entered circulation in place of the now absent British shillings. [4] A pattern shilling by Kruger Gray, one of several designs approved by the Royal Mint, but vetoed by Coates' Coinage Committee.
Silver Center J-1 Pattern United States Norweb Heritage Auctions: August 2014 $1,980,000 1874 Bickford $10 Pattern PR-65+ United States Simpson Heritage Auctions January 2022 $1,897,500 1927 $20 United States Morse Heritage Auctions: November 2005 $1,880,000 1804 Class III Silver Dollar United States Berg, Garrett Stack's Bowers: August 2014
An American silver coin dating back to the 17th century, before the United States was founded, has sold for a record-breaking $2.52 million at auction, eight years after it was discovered in an ...
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