SA Mint, a backup of South African Reserve Bank (SARB), is delivering another R5 coin, celebrating the birth centennial of Oliver Reginald Tambo.
The coin entered course toward the begin of October. It delineates the circumstances in the life of OR Tambo.
“The late OR Tambo, assumed a crucial part in the nation’s battle against politically-sanctioned racial segregation. His stewardship of the freedom development stirred world sentiment against the politically-sanctioned racial segregation,” the Sarb said on Wednesday.
There will also be collectable coins available in the series which depict Tambo during his youth and presidency of the African National Congress. The collectable coins will not be in circulation, are not redeemable at banks or for use to purchase products or services. However, the public was reminded that the new coin is valid tender.
“The new R5 coin, worth its face value, entered circulation from 1 of October 2017, the other collectable coins will be available from the South African Mint and authorised dealers from 27 October 2017, OR Tambo’s 100th anniversary.”
“This is the first time that the South African Mint is releasing a non-circulating, collectible legal tender coin made from the same base metal used in other South African circulation coins,” the Sarb said.
“The design has gone through the same approval process as other legal tender commemorative coins and has been approved by the Cabinet and the minister of finance, which makes it legal tender..