This is a 1962 South African Two Rand Gold Coin.
The coin is struck from 0.917 (22 carat) fine gold and contains 0.2354 troy ounces of the precious metal.
These coins have the same specification as a British gold sovereign.
South Africa was first discovered by Bartholemew Diaz in 1488, but was not settled until 1652 by Jan van Riebeeck of the Dutch East India Company. Cape Colony was captured by Great Britain in 1795. In the Great Trek, the Boers moved northward starting in 1836, establishing the Transvaal in 1852, and Orange Free State in 1854. Discoveries of diamonds and gold in these regions led to the two Boer Wars from 1880 to 1902, leading to the incorporation of both areas into the British Empire. In 1910, Cape of Good Hope and Natal were also incorporated to form the Union of South Africa, a British dominion, which was recognised as a sovereign state in 1934.
Afrikaner unrest led to a referendum calling for relinquishment of dominion status, and South Africa became a republic on May 31st 1961. As part of this changeover, the country abandoned the pound as its currency and adopted the decimalised rand. The exchange rate was 2 rand to the pound, making 1 rand worth 10 shillings.
As such, the gold bullion 2R and 1R coins have exactly the same specifications as the British sovereign and half sovereign coins respectively.
The obverse features a portrait of Jan van Riebeeck who founded the first Dutch settlements in Africa and is also the founder of Cape Town. The inscription reads in Afrikaans and English:
EENDRAG MAAK MAG · UNITY IS STRENGTH
This was the official motto of South Africa until the year 2000.
The reverse features the iconic springbok designed by Coert Steynberg. The top of the coin bears the year and the bottom has the face value "2 R" (2 Rand). The inscription reads in Afrikaans and English:
SUID-AFRIKA · 1962 · SOUTH AFRICA· 2R ·
|Fineness||0.917 (22 Carat Gold)|
|Obverse Designer||Willie Myburg|
|Reverse Designer||Coert Steynberg|
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Bullion coins are provided as is and on occasion may have some minor scratches or edge knocks. These are not regarded as faulty or damaged goods as their gold content and value as a bullion coin is not affected. Any coin sold for a value less than a 180% intrinsic is considered a bullion coin.
Gold investment products are VAT free. Silver investment products are inclusive of VAT at the current rate unless otherwise stated.
All investment products are based on the live precious metal price. Prices will be fixed once the item has been added to the basket and recalculates just before checking out.
If your product is not a graded coin and is considered a bullion item it should be noted that these are bought and sold on low premiums over their precious metal content and not solely for aesthetic purposes, therefore some products may have edge knocks and/or marks. These edge knocks and marks do not alter the specifications of the coins.
Please note that all investment products are exempt from the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 and therefore customers do not have the right to cancel their order once the order has been accepted. If customers no longer wish to go ahead with their investment purchase, there is an option to sell the products back to Chard (1964) Ltd instead. View our current buy back prices.
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