South African Mint

{{Short description|Mint}} {{Use dmy dates|date=April 2022}} {{Infobox company | name = South African Mint | logo = South Africa MInt.svg | type = | predecessor = | successor = | founder = | defunct = | fate = | area_served = South Africa | key_people = Honey Mamabolo<ref>{{Cite web |title=Managing Director, Honey Mamabolo interview with Gugulethu Mfuphi about the Big 5 Series II Lion |url=https://www.samint.co.za/managing-director-honey-mamabolo-interview-with-gugulethu-mfuphi-about-the-big-5-series-ii-lion/ |access-date=2024-04-01 |website=The South African Mint Company |language=en-US}}</ref> (Managing Director) | industry = [[Coin]] production | genre = | products = Coins | services = | owner = [[South African Reserve Bank]] | num_employees = | parent = | divisions = | subsid = | footnotes = | intl = | foundation = 1890 (First national mint)<br /> 1923 (as a branch of the Royal Mint)<br />1941 (as an independent mint) | location_city = [[Centurion, Gauteng]] | location_country = South Africa | location = | locations = | homepage = {{URL|https://www.samint.co.za/}} }}

The '''South African Mint''' is responsible for [[Mint (facility)|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 [[planchet]]s for both domestic and international markets.<ref>{{Cite web|url=http://www.samint.co.za/about-us/|title=About us|last=|first=|date=|website=South African Mint|archive-url=|archive-date=|access-date=26 September 2017}}</ref>

== History == Following the discovery of gold in the [[South African Republic]] (causing the 1886 [[Witwatersrand Gold Rush]]), the country's President [[Paul Kruger]] decided to establish a national mint. This was established in 1890 and opened on 6 July 1892 in [[Pretoria]]. After the end of the [[Second Boer War]] in 1902, the country was annexed into the [[British Empire]] and became the [[Transvaal Colony]], leading to the closure of the mint after the [[pound sterling]] became the legal tender of the new colony. Under the ''Mint Act of 1919'', the British established a branch of the [[Royal Mint]] on 1 January 1923, which produced £83,114,575 worth of [[Sovereign (British coin)|sovereigns]] during its lifetime. As South Africa began cutting ties with Britain, the mint closed on 30 June 1941 only to be later reopened as the South African Mint.<ref>{{Cite web|url=http://www.southcapecoins.co.za/news/the-history-of-the-south-african-mint/|title=The History of the South African Mint|last=|first=|date=2 December 2014|website=southcapecoins.co.za|archive-url=https://web.archive.org/web/20191215182755/http://www.southcapecoins.co.za/news/the-history-of-the-south-african-mint/|archive-date=15 December 2019|access-date=22 July 2017|url-status=dead}}</ref><ref>{{Cite web|url=https://www.providentmetals.com/knowledge-center/collectible-coins/south-african-mint-history.html|title=A History of the South African Mint|last=|first=|date=|website=providentmetals.com|archive-url=|archive-date=|access-date=26 September 2017}}</ref>

==Products==

Most of the production is of circulation coins and [[commemorative coin]]s. Among them are:

*[[Coins of the South African rand]]

* Bronze plated steel * Nickel-plated bronze * [[Sterling silver]] (925Ag), e.g. EWT Medallions / Sterling Silver Crown * 22 ct Gold * 24 ct Gold (999.9Au)<ref>[http://www.samint.co.za/index.php?option=com_content&view=article&id=50&Itemid=25 www.samint.co.za]. Collector Coins > Proof Coin Manufacture. Retrieved 2010-12-04.</ref>

* [[Zimbabwean Bond Coins]] - 2014, 2016, 2017, and 2018. * [[South Sudanese pound]] coins denominated in 10, 20 and 50 Piasters, 1 Pound and 2 Pounds - 2015 only. * [[Zambian kwacha]] coins denominated in 5,10,50 Ngwee and 1 Kwacha

==See also== {{Portal|Numismatics}} *[[Bullion]] *[[Bullion coin]] *[[Economy of South Africa]] *[[Gold as an investment]] *[[Inflation hedge]] *[[Platinum as an investment]] *[[Silver as an investment]]

== References == {{Reflist}}

==External links== *{{Commons category-inline|Coins of South Africa}} *[http://www.samint.co.za official website]

[[Category:Mints of Africa]] [[Category:Currencies of South Africa]] [[Category:Manufacturing companies based in the City of Tshwane]] [[Category:Gold coins]] [[Category:Year of establishment missing]]