Reserve Bank clarifies commemorative coins value
The bank has received numerous enquiries on the value of the R5 commemorative circulation coins.
THE South African Reserve Bank (SARB) says commemorative circulation coins, such as the R5 Griqua Town coin, are ‘normal’ circulation coins that form part of all the other coins already in circulation. The bank on Tuesday said it has received numerous enquiries on the value of the R5 commemorative circulation coins.
“The SARB would like to reiterate that commemorative circulation coins, such as the R5 Griqua Town coin, are normal circulation coins that form part of all the other coins already in circulation.
“These circulation coins, whether normal or commemorative, are all worth their face value, which is R5 in the case of the R5 Griqua Town circulation coin,” said the central bank.
The SARB urged the public that if they get one of these coins as change, not to hold on to the coin and rather make a purchase so that the next person can also experience the beauty of the coin.
“The SARB issues commemorative circulation coins as part of its currency production function. These coins are issued to commemorate a person or an event that has had a significant impact on society. Such coins are always produced in large quantities and are made available and accessible to the public at face value.”
