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  • 1962 Gold South African 2 Rand Bullion 22374
  • 1962 Gold South African 2 Rand Bullion 22375
  • 1962 Gold South African 2 Rand Bullion 22374
  • 1962 Gold South African 2 Rand Bullion 22375
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1962 South African Gold Bullion 2 Rand

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.

(Some of these coins may contain red spots. This is a natural occurence on many gold coins and does not take away from their value)


(VAT Exempt)
Totals are approximate until metal prices are confirmed on the next LBMA fix.

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Terms & Delivery

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Brief South African History

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.

South African Rand

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:


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:



Diameter 22 mm
Weight 7.99 g 
Fineness 0.917 (22 Carat Gold)
Gold Content 0.2354
Obverse Designer Willie Myburg
Reverse Designer Coert Steynberg
Terms & Delivery

Terms of Sale - Key Points

You can find more information on payment and identification requirements.

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 precious metal 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.

View our full Terms & Conditions.

Delivery Information

We aim to dispatch orders within 48 hours of receiving cleared funds. Our standard delivery methods are as follows

Orders over £60 - Fully Insured Delivery.

  • Within the UK and BFPO - Next day fully insured and tracked. Delivery starts from £6. 
  • International - Royal Mail International Signed / Royal Mail International Tracked / Royal Mail International Tracked and Signed For. Items sent via this method will normally arrive between 3-7 working days. Delivery starts from £15.

Orders under £60

  • Within the UK and BFPO - Royal Mail 2nd Class. Your order will normally arrive within 2-3 working days. Delivery starts from £3.50.
  • International - Royal Mail International Standard. Your order will normally arrive between 3-7 working days. Delivery starts from £6.

If you wish to have your order sent by an alternative method (e.g., Saturday Guaranteed) please contact +441253343081 for more information. Please note, we will not dispatch high value orders over a bank holiday weekend.

For international delivery, please check with your local customs office for more information on custom duty and taxes.

Full delivery information can be found by clicking here

Postal Insurance

We offer fully insured delivery on all special delivery options. We do need to pass on the cost of this insurance as it soon adds up shipping high value gold and silver products. 

  • Orders < £1500 there is no additional fee
  • Orders > £1500 we charge a fee in order to cover the increasing costs of insurance. For every £1500 we apply a £1 fee. 

If you require any assistance please do not hesitate to call the showroom on +441253343081 and one of our team can discuss your purchase.