2011 Silver R5 90th Anniversary South African Reserve Bank Commemoration Set

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Dear Collectors
Banner_Monday_Silver_Special
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.

2011 Silver R5 90th Anniversary South African Reserve Bank Commemoration Setgeneric image

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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