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South African Mint — the Reserve Bank’s mint in Centurion
Number of products: 0Who the South African Mint is
The South African Mint strikes every coin of the South African rand on behalf of its owner, the South African Reserve Bank. The first national mint dates from 1890 and opened in Pretoria on 6 July 1892; it operated as a branch of the Royal Mint from 1923 and became an independent mint in 1941. Today it works from Centurion in Gauteng, near Pretoria, and produces both coins and blanks for domestic and export customers.
Its part in the Krugerrand
The Krugerrand is a two-company product. Rand Refinery supplies the refined metal and the blanks; the South African Mint strikes the coins. That split is why you will see both names attached to the same coin — the refinery on the metal side, the mint on the striking side.
What the coins are made of
| Feature | Krugerrand |
|---|---|
| Alloy | 22 carat crown gold — 916.7/1000 gold with copper |
| Fine gold content | 1 troy ounce in the 1 oz coin |
| Why the alloy | Copper hardens the surface, which is why the coin wears better than a 999.9 piece |
Where to look next
Browse the full Krugerrand gold coin range, the wider gold coin category, or check the current quotation on the gold price page.
Frequently asked questions
Does the South African Mint own Rand Refinery?
No. They are separate businesses with separate roles. The Mint is owned by the South African Reserve Bank and strikes the coins; Rand Refinery refines the metal and makes the blanks.
Why is a Krugerrand 22 carat and not 999.9?
The coin is struck in crown gold, 916.7/1000, alloyed with copper. It still contains a full ounce of fine gold — the copper is there to make the surface harder and more resistant to marks.
Where is the mint located?
In Centurion, Gauteng, near Pretoria. The original mint opened in Pretoria in 1892.
