1 Rand South Africa

The South African 1 Rand is the successor to the South African Dollar. The coin has not been issued since 2002.

The South African 1 rand has been minted since February 14, 1961. In 1961, the Rand currency replaced the South African pound. The South African 1 Rand currency replaced the 1/2 South African dollar. The South African Rand gold coin has the same dimensions as the British 1/2 Sovereign, which is 19.40 millimeters in diameter and 1.09 millimeters thick.

Until 1983, the gold rand coin was minted. After 1983 only the Krugerrand coins were minted. The process of replacing the Rand had already begun in 1967. Since 2002, the South African government has also stopped issuing the currency. The coin is still considered legal tender, but almost all of the coins are now in the possession of investors or collectors.

In addition to the 1 Rand, which was introduced in 1961 when South Africa became a republic, we know the Rand in coins in the form: 2, 5, 10, 20 and 50 cents and 1, 2 and 5 Rand. 1 Rand is 100 cents. The South African rand replaced the South African pound. In addition to the gold Rand coins, there are five banknotes of 10, 20, 50, 100 and 200 Rand. The ratio of South African Rand / Euro is about 10 state to 1. The Rand has the status of legal tender but is never used as such.

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