The debate around the value of South Africa’s R5 coins has been longstanding, with many arguing that it is better to hold onto the coins to later sell at exorbitant prices. However, the South African Reserve Bank (SARB) does not agree, and here’s why, Cape {town} Etc reports.
announced that a South African Nelson Mandela Centenary R5 coin made in 2018 sold for R6 700 on the Bassani Auction House app.
In a statement on its website, the SARB reiterated that the commemorative R5 Nelson Mandela circulation coin issued in 2008 to celebrate the former president’s 90th birthday was and is still worth R5. ‘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.’
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