Author Topic: South Africa: New R5 Coin Commemorates Birth Centenary of Nelson Mandela  (Read 546 times)

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Offline Bimat

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A look at the new Mandela R5 coin

Staff Writer22 January 2018

On Friday, 19 January, finance minister Malusi Gigaba assented to the introduction of a new R5 coin for national circulation.

The coin is aimed at celebrating the life of Nelson Mandela who would have celebrated his centenary on 18 July 2018.

It features South Africa’s coat of arms on the obverse, replacing the Black Wildebeest (or Gnu). On the reverse is a portrait of Mandela alongside a latent image featuring the years 1918 and 2018.

According to the attached documentation, the coin is legal tender as of 1 January 2018, and holds the same value as all other R5 coins.

Although South Africa’s first decimal coin series was released in 1961, no R5 coins were minted until 1994. In that year, two R5 coins were issued: the reverse of the first commemorated the presidential inauguration, while the second depicted the Gnu.

Since 1996, South Africa’s 11 official languages have been acknowledged annually, in rotation, with the words “South Africa” written around the obverse of the coin.

Source: Business Tech
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Offline Bimat

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South Africa: New R5 Coin Commemorates Birth Centenary of Nelson Mandela
« Reply #1 on: January 22, 2018, 04:22:14 PM »
Here's a better image, taken from WBCN.

Aditya
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Offline <k>

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Here are a couple of previous coins.

And two more below.

Offline Bimat

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Commemorative R50 coins in bronze and silver have also been issued now.

Aditya
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‘New Madiba notes & coins not collectors’ items’

Kgomotso Modise

PRETORIA- The South African Reserve Bank (Sarb) says no additional money was spent on the production of the Nelson Mandela commemorative banknotes.

The bank on Friday launched banknotes and R5 circulation coins in honour of Madiba’s centenary year.

About 400 million banknotes have been put into circulation.

The Reserve Bank says its produced the 400 million centenary banknotes as it would normally do with other banknotes currently in circulation.

Governor Lesetja Kganyago said: “We didn’t incur any additional cost, we simply printed the same number of notes that we would’ve printed in the year.”

He also says the notes and coins are not collectors’ items and will not appreciate in value if kept safely.

“If you look at the notes and say ‘how beautiful are they, I don’t want to spend them… I want to keep them’, just remember when you keep these notes they don’t add interest. For you to earn interest on those notes you’d have to put them into a bank.”

The Reserve Bank says while the banknotes have been distributed to ATMs across the country they will only start to spread widely as distribution continues over some months.

Source: MSN
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Offline Figleaf

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I see. The design was free and making the plates didn't cost any money either. How credible.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline Navaneeth

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A look at the new Mandela R5 coin

Staff Writer22 January 2018

On Friday, 19 January, finance minister Malusi Gigaba assented to the introduction of a new R5 coin for national circulation.

The coin is aimed at celebrating the life of Nelson Mandela who would have celebrated his centenary on 18 July 2018.

It features South Africa’s coat of arms on the obverse, replacing the Black Wildebeest (or Gnu). On the reverse is a portrait of Mandela alongside a latent image featuring the years 1918 and 2018.

According to the attached documentation, the coin is legal tender as of 1 January 2018, and holds the same value as all other R5 coins.

Although South Africa’s first decimal coin series was released in 1961, no R5 coins were minted until 1994. In that year, two R5 coins were issued: the reverse of the first commemorated the presidential inauguration, while the second depicted the Gnu.

Since 1996, South Africa’s 11 official languages have been acknowledged annually, in rotation, with the words “South Africa” written around the obverse of the coin.

Source: Business Tech

Where can I get this coin? I saw it at the SA Mint where the price is R 127 - Celebrating South Africa: NM Mandela R50 (bronze alloy, proof).  http://www.samint.co.za/2018-range-temp/#tab-id-3