However, the SARB will only pay for the gold content of each coin and no premium is paid for the scarcity/collectability of the coin.
The SARB buys Krugerrand, Protea series and Natura series gold coins from the public. Which gold coins are bought back by the SARB? It is important to note that the prevailing market gold price and dollar exchange rate are used to calculate the price offered for the coin/s on the day of selling. Exact detail is provided on this webpage (link to website). What is the procedure for selling gold coins to the SARB?Ĭlients need to present the gold coin/s to the gold coin teller at the SARB Head Office in Pretoria with proof of residence, proof of ID and a bank statement. However, Krugerrands, Protea, and Natura series gold coins as well as a variety of other commemorative coins minted not only in gold can be bought from the SA Mint or an authorised coin dealer (link to SA Mint website with authorised dealers). The SARB does not sell coins to the public. The prevailing market gold price and dollar exchange rate are used to calculate the price offered for the coin/s on the day of selling. What price can I expect the SARB to pay for my Krugerrand or other acceptable gold coins? A list of accredited authorised gold coin dealers is published on the website of the South African Mint at the following link: Gold coins can be purchased from an authorised coin dealer or the South African Mint. Clients can consider using the parking offered by the State Theatre and Sammy Marks Square as it is close to the SARB. Unfortunately, the SARB does not have parking for the public. However, proof coins can be sold to an authorised coin dealer or coin collector who might be willing to pay a premium for the coin based on scarcity and condition.ĭoes the SARB provide parking for clients who wish to sell back their gold coins? The SARB only pays for the gold content of the coins offered. Authorised coin dealers or coin collectors are therefore more likely to pay a premium for collectable coins.ĭoes the SARB pay a premium for proof coins?
It should be noted that no premium is paid for the scarcity/collectability of any coin/s offered to the SARB.
The SARB will only pay for the gold content of Krugerrand, Protea or Natura series gold coin offered. What price can you give me for my 1979 1-ounce Krugerrand? However, the gold Mandela coins forming part of the Natura series of gold coin are bought back by the SARB at the prevailing gold price. The value of the R5 Mandela circulation coin remains R5-00. How much can I get for the Mandela R5 coin?