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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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1983 1OZ FINE GOLD KRUGERRAND HIGH GRADE
Dec 10, 2:00 PM EST
1983 1OZ FINE GOLD KRUGERRAND HIGH GRADE
by Florida Estate Sales Inc.
Est: $1,600- $10,000
$1,4004 Bids
2000 Liberia Statue of Liberty 1/2 Gram 14kt Gold "Proof" w/Coa
Dec 09, 6:00 PM CST
2000 Liberia Statue of Liberty 1/2 Gram 14kt Gold "Proof" w/Coa
by J & S Coins and Bullion
Est: $0- $0
$263 Bids
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1983 1OZ FINE GOLD KRUEGRRAND HIGH GRADE
Dec 10, 2:00 PM EST
1983 1OZ FINE GOLD KRUEGRRAND HIGH GRADE
by Florida Estate Sales Inc.
Est: $1,600- $10,000
$1,3002 Bids
South Africa Gold Krugerrand Quarter Ounce (Random Year
Dec 10, 12:00 AM PST
South Africa Gold Krugerrand Quarter Ounce (Random Year
by Papps Family Liquidation.com
Est: $1,120- $1,220
$302 Bids
1948 South Africa 5 Shillings
Dec 17, 7:00 PM AEST
1948 South Africa 5 Shillings
by Jewellery Auctions Unlimited
Est: AUD45- AUD75
AUD51 Bid
1978 Proof South Africa 1oz Krugerrand Gold Coin w/COA
Dec 10, 7:00 AM PST
1978 Proof South Africa 1oz Krugerrand Gold Coin w/COA
by BK Auctions
Est: $2,450- $2,650
$11 Bid
8k GOLD Miniature *REPLICA* South African Krugerrand Coin
Dec 10, 7:00 PM EST
8k GOLD Miniature *REPLICA* South African Krugerrand Coin
by Big Dog Auctions
Est: $0- $0
$11 Bid
(2) 2002 Liberia T1-2 Gold $40 Set PCGS PR69 DCAM
Dec 18, 12:30 PM CST
(2) 2002 Liberia T1-2 Gold $40 Set PCGS PR69 DCAM
by Gold Standard Auctions
Est: $10- $10,000
$51 Bid
1973 1oz Gold Krugerrand
Dec 14, 7:00 PM AEDT
1973 1oz Gold Krugerrand
by Sydney Auction House
Est: AUD0- AUD0
AUD501 Bid
Pack of South Africa Variety Coinage in Plastic Casing
Dec 10, 11:00 AM EST
Pack of South Africa Variety Coinage in Plastic Casing
by Key Date Coins
Est: $25- $100
$51 Bid
Pack of South Africa Variety Coinage in Plastic Casing
Dec 11, 11:00 AM EST
Pack of South Africa Variety Coinage in Plastic Casing
by Key Date Coins
Est: $25- $100
$51 Bid
South Africa - 1999 - Natura-Kudu Cows - gold
Dec 11, 2:00 PM CET
South Africa - 1999 - Natura-Kudu Cows - gold
by SION Auctions
Est: €150- €250
€800 Bids
Lot de trois monnaies comprenant : -Une 2 Macuta 1763 contremarque
Dec 15, 1:00 PM CET
Lot de trois monnaies comprenant : -Une 2 Macuta 1763 contremarque
by Millon Riviera
Est: €40- €80
€400 Bids
*Afrique du sud -
Dec 16, 1:00 PM CET
*Afrique du sud -
by Millon Riviera
Est: €300- €350
€3000 Bids
22ct one tenth of oz Krugerrand 1980 in 9ct gold mount, 5.6g.
Dec 09, 10:00 AM GMT
22ct one tenth of oz Krugerrand 1980 in 9ct gold mount, 5.6g.
by Potteries Auctions
Est: £100- £160
£1000 Bids
2021 S.Africa 1KR 1oz Sil. Harbuz Signed NGC MS70
Dec 11, 12:30 PM CST
2021 S.Africa 1KR 1oz Sil. Harbuz Signed NGC MS70
by Gold Standard Auctions
Est: $605- $10,000
$6000 Bids
1960 PORTUGESE MOZAMBIQUE 10 ESCUDOS
Dec 16, 11:45 AM EST
1960 PORTUGESE MOZAMBIQUE 10 ESCUDOS
by Carroll's Auctioneers & Appraisers
Est: $80- $340
$140 Bids
1932 SOUTH AFRICA 6 PENCE
Dec 16, 11:45 AM EST
1932 SOUTH AFRICA 6 PENCE
by Carroll's Auctioneers & Appraisers
Est: $130- $480
$600 Bids
2000 LIBERIA JOHN KENNEDY JR. $10 COIN
Dec 19, 12:30 PM EST
2000 LIBERIA JOHN KENNEDY JR. $10 COIN
by Museum of Culture and Arts, Inc
Est: $60- $200
$100 Bids
ETHIOPIA HAILE SALASSE COIN
Dec 19, 12:30 PM EST
ETHIOPIA HAILE SALASSE COIN
by Museum of Culture and Arts, Inc
Est: $60- $200
$90 Bids
1942 SOUTH AFRICA SILVER SHILLING
Dec 19, 12:30 PM EST
1942 SOUTH AFRICA SILVER SHILLING
by Museum of Culture and Arts, Inc
Est: $70- $280
$120 Bids
1924 EAST AFRICA  1 SHILLING
Dec 19, 12:30 PM EST
1924 EAST AFRICA  1 SHILLING
by Museum of Culture and Arts, Inc
Est: $60- $200
$100 Bids
2021 S.Africa 1KR 1oz Sil. Harbuz Signed NGC MS70
Dec 09, 5:00 PM CST
2021 S.Africa 1KR 1oz Sil. Harbuz Signed NGC MS70
by Gold Standard Auctions
Est: $50- $10,000
$450 Bids
2017 South Africa Reverse Proof 3OZ Silver Krugerrand Bar
Dec 10, 10:00 AM EST
2017 South Africa Reverse Proof 3OZ Silver Krugerrand Bar
by Bering Auctions
Est: $450- $750
$2000 Bids

Sellers Who Sell African Coins


McCurley Auction Company

McCurley Auction Company

Gold Standard Auctions

Gold Standard Auctions

Papps Family Liquidation.com

Papps Family Liquidation.com

BK Auctions

BK Auctions