South African Mint

South African Mint: frequently asked questions

What does the South African Mint produce?

The South African Mint is the country's sovereign mint, responsible for producing circulation coins on behalf of the South African Reserve Bank. It also manufactures investment and collector bullion, including Krugerrands, the Protea gold coin series, and the Natura wildlife series.

Who owns the South African Mint?

The South African Mint Company (Pty) Ltd is a wholly owned subsidiary of the South African Reserve Bank (SARB). As the central bank's minting arm, it holds the mandate to produce all South African legal tender coins.

Does the South African Mint still produce Krugerrands?

Yes. Krugerrands have been minted continuously since 1967 and remain in active production today. They are distributed through authorised bullion dealers worldwide rather than sold directly by the Mint, so buyers should use a licensed dealer to purchase them.

Were Krugerrands ever banned, and are they legal to buy today?

Many Western countries imposed import bans on Krugerrands during the apartheid era in the 1980s. All major sanctions were lifted after South Africa's democratic transition in 1994. Krugerrands are fully legal to buy and hold in the UK, US, Canada, Australia, and across the EU today.