Money and Markets

SA is getting a new R5 coin, featuring old coins, to celebrate the Reserve Bank

Business Insider SA
R5
  • SA is getting a new circulation R5 coin in 2021.
  • It features a nostalgic insert of older coins, including one inspired by a Bible verse, and the famous laughing Mandela R5.
  • The coin celebrates 100 years of the existence of the SA Reserve Bank.
  • For more stories go to www.BusinessInsider.co.za.

South Africa is getting a new R5 coin featuring six other, older coins as inserts, for 2021.

The finance ministry on Friday issued the necessary notice to declare the coins legal tender as of 1 January.

The standard circulation coin will feature the words “uMzantsi Afrika” and “Suid-Afrika”, while a collector’s edition will feature ten languages.

The coins are in commemoration of the centenary of the SA Reserve Bank, established in 1921 to take over the issuing of bank notes from private banks.

The coins shown on the reverse of the bi-metal R5 include the old 1c with two sparrows, inspired by a verse from the Bible, and a laughing Nelson Mandela R5.

See also | Sorry, your Mandela R5 coin is probably still only worth R5

The sterling-silver, gold plated collector's version of the coin will be just under 39mm in diameter, or about half as big as the circulation coin, and will weigh 33 grams.

Here is what SA's 2021 commemorative R5 coins will look like.

R5

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