South Africa 1961 2 rand

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from Jean Elsen sale 132, lot 1010
This specimen was lot 1010 in Jean Elsen sale 132 (Brussels, March 2017), where it sold for €240 (about US$304 including buyer's fees). The catalog description[1] noted,
"AFRIQUE DU SUD, République (1960-), AV 2 rand, 1961. Fr-11. Superbe/Très Beau. (republic of South Africa, gold two rand of 1961. Extremely fine/Very fine.)"
In 1960, South Africa withdrew from the British Commonwealth and in 1961 issued all new coins, dropping the bust of the queen for explorer Jan van Riebeek. This type was issued 1961-83 along with a gold one rand, minted to the standard of a half sovereign. Sold to collectors and bullion speculators, this type never achieved the popularity of the krugerrand introduced in 1967.

Recorded mintage: 3,014 plus 3,932 proofs.

Specification: 7.99 g, .917 fine gold (same standard as a British sovereign).

Catalog reference: KM 64.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.
  • Hern, Brian, John Bothma and Hercie Pieterse, Hern's Handbook on South African Coins & Patterns, Ferndale, South Africa, 2013.
  • [1]Elsen, Philippe, et al., Vente Publique 132, Brussels: Jean Elsen et ses Fils S.A., 2017.

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