South African Reserve Bank 2011
Bi-colour R5 Crown
The South African Reserve Bank (SARB) was established as the Central Bank of the Union of South Africa in 1921. The founding of the SARB was a direct result of the dire monetary and economic situation which existed during and after World War 1 . The first Governor of the SARB was appointed with effect from 1 7 December 1920 and the Bank opened its doors for business for the first time on 30 June 1921. The Bank immediately provided services as ‘banker to the banks’, and started functioning as custodian of the gold and foreign exchange reserves of the country.
To celebrate this milestone the SA Mint pays tribute to the SARB’s 90th Anniversary by depicting a special commemorative design on both the proof bi-colour sterling silver R5 and the proof bi-metal R5 circulation coin.
The design of the 90th Anniversary coin commemorates the history of the Bank and how our currency mirrors the changing economic and political developments. Our numismatic history ¡s captured by a collage of coins and a banknote in the design.
|Metal Content:||Ag 925, Cu 75 with 24ct gold plating|
|Reverse Die-sinker:||MJ Scheepers|
|Reverse Artist:||N van Niekerk|
|Obverse Die-sinker:||AL Sutherland|
|Estimated Market Value: 2013||R710|
|Estimated Market Value: 2014||R710|