bullion

1886 Gold is Discovered Shortly after the discovery of gold in Johannesburg, President Kruger decides the country needs to start producing its own coins. In 1890, a concession is granted by the Volksraad of the Zuid Afrikaansche Republiek (ZAR) to establish the National Bank, which includes permission to operate a State Mint. 1892 The First Mint in South Africa The State Mint opens on July 6 1892, on Church Square in Pretoria. However, it is doomed to be a short-lived existence. After the Second Anglo-Boer War, British currency becomes legal tender in the Transvaal and Orange Free State, and the Mint is closed in 1900.  1902 “Staatsmunt te Velde” When the British forces occupied Pretoria in 1900, the Mint was closed. The Boers used the one Pound gold blanks that were … [Read more...] about Timeline of Gold Discovery to the Krugerrand