Technology and Coin Production
The South African Mint represents the most up-to-date coin production methodology. Like most other organizations, they have had to adjust to new technology but have never turned their back on traditional practices, making use of tried and true modeling and die-sinking practices. New technology may help mints move faster, but the South African Mint remains dedicated to their faith in skill and craftsmanship.
History of the South African Mint
The Republic of South Africa separated from the British Commonwealth in 1962. The South African Mint continued to manufacture coins reminiscent of British coins until 1965 when it was decided that British coinage was too large to emulate. In the 1980s, the government deregulated state activities and the South African Mint was privatized. The South African Reserve Bank has held the South African Mint since September 1988. Between 1990 and 1992, the South African Mint Company continued to flourish, culminating in the opening of a new facility in Centurion, Gauteng Province. From this location, the South African Mint produces coins and processes bullion.
The South African Mint has a strong history of beautiful coins. While they produce the Gold Krugerrand, often considered one of the most beautiful Gold coins in the world, they also won Krause Publications’ Gold Coin of the Year Award for their 2009 Gold 100 Rand White Rhino coin. The exceptional beauty combined with the high purity makes Gold coins from the South African Mint favorites around the world.