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Dear Collectors
IN THE YEAR OF 2011 SOUTH AFRICA COMMEMORATED THE 90th ANNIVERSARY OF THE SOUTH AFRICAN RESERVE BANK
2011 ( 1921 - 2011 ) SOUTH AFRICAN RESERVE BANK BI-COLOUR R 5 PROOF SILVER CROWN WITH THE BI-METAL R 5 UNCIRCULATED COIN COMMEMORATIVE SET
In 2011 the S A Mint paid tribute to the South African Reserve Bank's 90th Anniversary by depicting a special commemorative design on both of the bi-colour sterling silver R 5 and the non-circulated bi-metal R 5 circulation coin.
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BEAUTIFULLY MINTED SILVER PROOF COIN HAS A DESIGN THAT COMMEMORATES THE HISTORY OF THE BANK AND HOW OUR CURRENCY REFLECTS THE CHANGING ECONOMIC AND POLITICAL DEVELOPMENTS.
OUTSTANDING QUALITY.
SILVER - AN ASSET CLASS
OFFERED AT THIS AMAZING PRICE OPPORTUNITY FOR ONLY
R 900 Valued Sterling Silver Set
Now Available Offer based on a first come first serve basis
Details:
2011 RESERVE BANK COMMEMORATIVE SET
FINISH: PROOF BI-COLOUR R5 CROWN COMPOSITION: SILVER (0.925 Cu 75) WEIGHT: 38.70g DIAMETER: 33.00mm. WITH 24ct GOLD PLATING ON THE INNER OF THE COIN FINISH: NON-CIRCULATION BI-METAL R5 COIN COMPOSITION: Bi-Metal Alloy WEIGHT: 9.5g DIAMETER: 26.00mm.
Description:
Owing to its unique role as a central bank, some people are under the impression that the Reserve Bank was the first banking institution to be established in South Africa. This is not the case however. The first bank to be established in South Africa was the Lombaard Bank in Cape Town, which opened its doors for business on 23 April 1793.
The earliest proposals for the establishment of a central bank in South Africa were made as far back as 1879 - calls that were repeated for the following few years, until a select committee, consisting of the ten members of Parliament was established on 31 March 1920 to examine the practicalities of establishing a central bank.
Following on the recommendations of the committee, the South African Reserve Bank opened for business on 30 June 1921, making it the oldest central bank in Africa. The first banknotes were issued to the public by the Bank on 19 April 1922.source:South African Reserve Bank
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