Numismatic news from South Africa.

Have a read here;

https://www.resbank.co.za/content/dam/sarb/publications/media-releases/2023/2023-currency-launch/South%20African%20Reserve%20Bank%20issues%20upgraded%20banknotes%20and%20coin%20media%20statement.pdf .

I have put in requests for the new banknote types to be listed.

Aidan.

It is also 100 years since the first Union of South Africa coins were issued back in 1923!!

Moneytane

It is also 100 years since the first Union of South Africa coins were issued back in 1923!!

I don't think there will be any commemoration of that in South African numismatics though.

Aidan.

I really want the 10c coin.

Their currency has become more devalued, after years of the rand being worth around 10cents NZ (About 10 to a dollar). Its dropped to around 11.5 per dollar (1 rand = about 8.5 cents). I really think its time to retire all the coins under 50 cents and even 1 Rand, and for them to add a 500 Rand and even 1000 Rand banknote.

At these rates, the top note the 200 Rand is only worth around $17 NZD and about £8.40 in Sterling. This is very low and must be pretty useless in everyday commerce, although the country is much poorer now than it was in the Apartheid era. Still many well off South Africans must find these worthless banknotes frustrating or just not use them.

Copied - see thread from 15 July (South Africa 5 Rand 1994/5 - Die error)

There appears to be a Reverse die with an error that has been used over two years - 1994 to 1995.  See the ALS at the bottom of the reverse for the identical error in both 1994 and 1995.