A LOOK AT: The new R500 Mandela coin & R5 coin

In his final months as Finance Minister, Malusi Gigaba assented to three new special edition coins featuring Nelson Mandela.

The coins are aimed at honouring the life of the former president of the republic who would have celebrated his centenary on 18 July 2018.

Each coin represents a different stage of Mandela’s life:

  • A R50 base metal alloy coin depicting him as a young man;
  • A R50 sterling-silver coin depicting him at an older age (his presidential years);
  • A R500 24-carat gold coin depicting him in his later years.

All three coins feature South Africa’s coat of arms, replacing the Black Wildebeest.

No official pricing or release dates are available at this stage, however the coins have been declared official tender meaning they should be released shortly.

Gigaba also signed off on the introduction of a new R5 coin for national circulation based on the great man.

Looking at the coin, it features South Africa’s coat of arms on the obverse, replacing the Black Wildebeest. On the reverse is a portrait of Mandela alongside a latent image featuring the years 1918 and 2018.

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

[Source: BusinessTech]

Be the first to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.