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Ask (USD)
Gold 1,259.40 1.25%
Silv 18.10 1.46%
Plat 984.00 1.76%
Pall 812.00 0.00%

South African Mint

The South African Mint (SA Mint) is the official mint of the Republic of South Africa.

SA Mint produces cupro nickel coinage for daily circulation as well as commemorative and bullion SA coins made with gold, silver, and platinum. (Show more....)

The South African Mint was started in 1892 under order of the then South African President Paul Kruger.

The SA Mint has been jointly producing the world famous 1 oz bullion Krugerrand gold coin with the Rand Refinery since 1967.

South Africa Mint location:
  • SA Mint facility is in Centurion, Gauteng Province just north of Johannesburg, South Africa
Kitco actively buys and sells popular South African Mint bullion coins like the famous Gold Krugerrand Coin.

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Exchange rate for other selected currencies

To transact using the currencies listed below, select Bank Wire via Western Union as your payment method during checkout. Bank Wire via Western Union is available when your order is placed in US dollars and the total order amount is less than than $100,000.

Last update on 08:51 AM EST. Data will be refreshed every 30 minutes

Currency Name Currency Code X=1$ USD X$ USD=1
Utd. Arab Emir. Dirham AED 3.7495 0.2667
Bahraini Dinar BHD 0.3974 2.5164
Swiss Franc CHF 1.0192 0.9812
Czech Koruna CZK 26.043 0.0384
Danish Kroner DKK 7.1251 0.1403
Fiji Dollar FJD 2.1158 0.4726
Hong Kong Dollar HKD 7.9199 0.1263
Hungarian Forint HUF 298.11 0.0034
Israeli Shekel ILS 3.7834 0.2643
Jordanian Dinar JOD 0.725 1.3793
Japanese Yen JPY 113.83 0.0088
Kenyan Shilling KES 105.79 0.0095
Kuwaiti Dinar KWD 0.3131 3.1939
Mexican Peso MXN 20.2153 0.0495
Mozambique New Metical MZN 74.204 0.0135
Namibian Dollar NAD 13.2003 0.0758
Norwegian Kroner NOK 8.4668 0.1181
New Zealand Dollar NZD 1.4097 0.7094
Omani Rial OMR 0.3931 2.5439
Papua New Guinea Kina PGK 3.4934 0.2863
Polish Zloty PLN 4.1551 0.2407
Qatari Rial QAR 3.7164 0.2691
Solomon Islands Dollar SBD 8.2759 0.1208
Swedish Kronor SEK 9.1329 0.1095
Singapore Dollar SGD 1.4335 0.6976
Tunisian Dinar TND 2.354 0.4248
Tongan Pa anga TOP 2.304 0.4340
Turkish New Lira TRY 3.6651 0.2728
Vanuatu Vatu VUV 112.53 0.0089
Samoan Tala WST 2.6361 0.3793
Central Polynesian Franc XPF 116.5811 0.0086
South African Rand ZAR 13.198 0.0758

Why buy South African Mint Bullion?

The 1 oz Krugerrand gold coin is arguably one of the world’s best gold coins given that it was the first modern widely purchased gold bullion coins.

First struck in 1967, over 50 million Gold Krugerrand Coins have been minted and traded globally.

Rand Refinery

The Rand Refinery in South Africa is one of the world’s largest gold refiner and precious metal smelting facilities. (Show more....)

Started in 1920, the Rand Refinery has refined over 50,000 tonnes of gold. Thus the Rand Refinery has refined over 1.6 billion ounces of gold bullion which is about 1/4th of all the gold human beings have ever mined.

The South African Mint teams with the Rand Refinery to produce various sized Gold Krugerrand bullion coins.

Gold Krugerrand Coins

The South African Mint’s Gold Krugerrand Coin is perhaps still the most widely owned and actively traded gold bullion coins overall.

Production of this 22k 1 oz gold coin began in 1967, back when South Africas annual gold mine production averaged three-quarters (75%) of total western world gold production. The promotion of physical gold bullion was considered vital to South Africa’s gold industry. Especially in 1971, physical gold trading became more vital following the final collapse of the Bretton Woods Agreement and the shutting of the gold window or convertibility of US dollars into physical gold bullion.

The vehicle selected to help drive gold demand was the 1 oz Gold Krugerrand Coin. In the 1960s the Gold Krugerrand Coin was developed by the Chamber of Mines of South Africa, the South African Reserve Bank, and the South African Mint.

The Krugerrand was the worlds first troy ounce-denominated gold bullion coin. Although the Gold Krugerrand is legal tender in South Africa, the Gold Krugerrand was never struck with a face value. This was done to accentuate that the value of each 1 oz Gold Krugerrand Coin is directly related to the fluctuating market value of their 91.6% or 22k gold content.

The first 22 carat Gold Krugerrand Coin was minted on July 3, 1967. In 1980 the fractional Gold Krugerrands (½ oz, ¼ oz and 1/10 oz) were added to the 1 oz Gold Krugerrand Coin mintage to assist smaller more affordable price per coin purchases.

The Gold Krugerrand Coin was mass minted to help the man in average investors and savers more ably purchase gold bullion with confidence and ease. The Gold Krugerrand Coin is the first legal tender gold bullion coin to gain worldwide use in the modern era.

More than 50 million Gold Krugerrands of all sizes (1 oz, ½ oz, ¼ oz, and 1/10 oz) have been minted. The Gold Krugerrand Coin could then and continues to be converted into any virtually any currency throughout the world.

To this day, many gold investors equate gold ownership and gold investment with the famous Gold Krugerrand Coin. The year 2017 strikes the 50th year of the world famous Gold Krugerrand Coin and thus many first commemorative precious metals coins of platinum and silver will be struck in commemoration.

Kitco is an active buyer and seller of South African Mint Gold Krugerrand Coins and other South African Mint / Rand Refinery bullion coins and bars.

Want more information on how to buy and sell gold? How to buy and sell silver? Please reach out to our first class Sales Associates by email or by phone, at info@kitco.com, or using 1 877 775-4826 (US and Canada), 1 514 313-9999 (Worldwide).

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