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African Coins

African coins are a relatively recent invention, as most ancient African civilizations used bartering as an economic system rather than currency. The Egyptians are a notable exception, possibly due to their proximity to the trade empires of Greece.

Today, many African countries use deviations of the currency originally used by their colonizing countries throughout the European colonial period. For example, Tanzania uses the Tanzanian shilling, descended from the British coin of the same name. Algeria used the franc until 1964, although specifically Algerian francs were only minted for seven years between 1949-1956.

This is not true for all African countries, however. South Africa created the rand in 1961, Nigeria changed to the naira in 1973, and Zambia has used the kwacha since 1968. The rand is the most interesting of these on a global scale. In 1967, South Africa first minted the krugerrand, a 1 oz gold coin that combined their currency with historical figure Paul Kruger, whose bust graces the obverse of the coin. The Krugerrand is used for both bullion and legal tender, and proof editions are also minted specifically for collectors.


Quick Facts

  • Medieval coins from Kilwa, a trade city near modern Tanzania, have been discovered as far away as Oman and Australia
  • The single 9, an 1898 South African pound, is one of the rarest and most expensive coins in existence. It last changed hands in 2010 for just over 20 million rand
  • Several anonymous people have created a Christmas tradition in several parts of the United States to drop Krugerrands into Salvation Army donation pots

Recommended Items at Auction

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SET OF 8 VTG SIGNED ELEPHANT NAPKIN RINGS
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1ozt fine gold Krugerrand.
Oct 28, 9:00 AM EDT
1ozt fine gold Krugerrand.
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Est: $1,400- $1,600
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.9999 Pure Silver 2016 Somalia Elephant 1 Oz Silver Coin - African Wildlife Special Edition
Nov 27, 9:00 AM MST
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1ozt fine gold Krugerrand.
Oct 28, 9:00 AM EDT
1ozt fine gold Krugerrand.
by Pook & Pook, Inc.
Est: $1,400- $1,600
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Nov 13, 10:00 AM EST
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Nov 01, 12:30 PM EDT
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by Museum of Culture and Arts, Inc
Est: $90- $450
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Oct 25, 7:00 PM WEST
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5 X SOUTH AFRICAN SILVER SIX PENCE'S 1892-7897
Oct 28, 9:30 AM AEST
5 X SOUTH AFRICAN SILVER SIX PENCE'S 1892-7897
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Est: AUD20- AUD50
AUD201 Bid
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Oct 27, 12:00 AM PDT
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$301 Bid
1977 Proof South Africa 1oz Krugerrand Gold Coin w/COA
Oct 27, 8:00 AM PDT
1977 Proof South Africa 1oz Krugerrand Gold Coin w/COA
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Est: $3,150- $3,450
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Oct 31, 10:00 AM CET
Neck support - South Africa - Ethnography Sizes: H=150mm L=460mm Weight (K): 1,135kg
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Neck support - South Africa - Ethnography Sizes: H=120mm L=430mm Weight (K): 0,57kg C
Oct 31, 10:00 AM CET
Neck support - South Africa - Ethnography Sizes: H=120mm L=430mm Weight (K): 0,57kg C
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Oct 28, 6:00 PM EDT
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3 Vintage African Barber Shop Coiffure Signs
Oct 26, 10:00 AM EDT
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Oct 28, 11:00 AM CEST
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Oct 30, 1:00 PM EDT
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$200 Bids
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Oct 26, 2:00 PM CEST
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Est: €500- €700
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2x Silberlöffel mit afrikan. Motiven, Wappen "South Africa"
Oct 30, 11:00 AM CEST
2x Silberlöffel mit afrikan. Motiven, Wappen "South Africa"
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Est: €0- €0
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Frank Sudol Turned 'Elephant' Vase
Nov 11, 9:00 AM EST
Frank Sudol Turned 'Elephant' Vase
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Est: $1,000- $1,500
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A Russian Silver Elephant Stirrup Cup
Oct 30, 11:30 AM EDT
A Russian Silver Elephant Stirrup Cup
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Est: $3,000- $5,000
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Nov 14, 10:00 AM EST
Kondh Elephant and Rider, Orissa, India, 19th/20th C.
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Est: $300- $500
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Original 1950s SAS Airline Travel Poster South Africa
Nov 06, 11:00 AM PDT
Original 1950s SAS Airline Travel Poster South Africa
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Sellers Who Sell African Coins


Papps Family Liquidation.com

Papps Family Liquidation.com

Designer Homes of Central Florida

Designer Homes of Central Florida

Matthew Bullock Auctioneers

Matthew Bullock Auctioneers