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DESCRIPTION:
Union Pound Currency
The South African pound was used for over a century, from 1825 to 1961, linked to the value of the pound sterling. The pound sterling, in turn, was for most of this time linked to a certain weight of gold or silver. The South Africa pound was, through the link to the British pound, not only as good as gold, it was gold.
The Union of South Africa issued coins from 1923, in denominations of 1⁄4d, 1⁄2d, 1d, 3d and 6d, 1/–, 2/– (initially denominated as a florin), 2/6, £1⁄2 and £1. (The £1⁄2 and £1 were gold coins known as the half sovereign and sovereign respectively.) The coins were the same weights as the corresponding sterling coins but the silver coins (3d up to 2/6) were struck in .800 fineness silver. Gold coins were struck until 1932.
In 1947, 5/– coins were introduced, with occasional commemorative variants. In 1951, the silver coinage switched to .500 fineness. Gold bullion £1⁄2 and £1 coins were issued from 1952 in the same specifications as the 1⁄2 and 1 sovereign.
All the coins had the monarch on the obverse, with the titles in Latin, while the reverse had the denomination and "South Africa" written in English and Afrikaans.
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