Manufacturing of Coins - The South African Mint Company (2024)

A dedicated management team and workers control the production process of circulation coins within a computer integrated manufacturing system at the South African Mint.

1. Casting, new materials and slitting

Production starts at the highly modern continuous casting furnace at the Casting Section. All the raw materials are melted in the furnace and then cast through carbon dies into two strips which are then drawn through a milling machine where the hardened crust of the alloy is scalped and rolled up into 1, 5 ton coils ready for the rolling process.

Traditional copper based coinage metals such as Cupro Nickel; brass and bronze have long been used in the production of coins and still represent an important selection of materials for this application.

Along with the range of plated coinage materials, the South African Mint offers a range of traditional coinage alloys. These include materials from the Cupro nickel; aluminum bronze; aluminum nickel bronze and brass range of alloys, as well as more exotic alloys aimed at achieving very specific criteria of color, electromagnetic properties and wear characteristics. These alloys are produced either in-house by the South African Mint in its modern computerized continuous casting furnace, or in conjunction with its local or international supplier network.

The South African Mint recognizes the importance of these alloys as a component in the design of coinage systems, and is constantly involved in research work aimed at finding innovative ways of expanding their field of application.

2. Rolling Mills

Coils are rolled on modern computer controlled breakdown and fine rolling mills to produce strip of the correct thickness. Electronic measuring equipment controls the thickness and produces a product that is within microns of the required thickness. These tolerances are essential in determining the final mass of the product. Automated delivery and removal of materials by means of automated guided vehicles allow for an uncluttered and safe working environment

3. Blanking

Blank circular discs are punched out of metal strip by means of precision die-sets mounted in high-speed blanking presses. Each coin blank is rimmed on the circumference of the blank before it moves on to the Deburring, Electroplating and Coining process.

4. Electroplating

Electroplating is the process of electro deposition of a specific thickness of coating either copper, nickel or bronze onto sub strait (core) material of either steel or an alloy.

The process of electro plating coin blanks is an alternative method of producing less expensive blanks while maintaining the visual and technical characteristics of a solid alloy based coin. Circulation coins in traditional alloys do not undergo the electroplating process and move past the plating plant on conveyor belts to the next process.

5. Annealing and Polishing

During the annealing process the coin blanks pass through a flat belt furnace which has a protective atmosphere of Nitrogen to prevent oxidization. All coin blanks then go through a process of polishing after heat treatment to remove any minor scratches or imperfections to give them a high quality surface finish in preparation for the minting process.

6. Coining

The prepared coin blanks are coined on high-speed presses at speeds ranging from 750-850 strokes per minute where the obverse and reverse of the coin are imprinted with the specific insignia of a particular country, both for South Africa and internationally.

Finished coins are continuously subjected to rigorous quality control inspections. Coins in traditional alloys and electroplated coins are minted in this department.

7. Packing

A variety of packaging options are offered by the South African Mint according to the client requirements. Once packed the product is thereafter stored in a computer controlled high-bay store, accessed by automated guided vehicles only. Alternatively, the product is transported to the Dispatch Department where they are shipped off the client.

MATERIAL HANDLING

What is Material Handling?

Material handling can be defined as the cost effective conveying and transporting of materials between different work centres’s and stores, using pre-defined and tested methods and equipment, to achieve the utmost efficiency and effectiveness. As a result of the Mint’s sophisticated Material Handling System (MHS), the shifting and lifting of materials between work centre’s and stores, and storage itself, are undertaken in the most time-, cost- and space efficient way possible.

Material Handling Devices

Material Handling Devices include stores, cranes, Automated Guided Vehicles, conveyors, drop-sections and auto motors.

STORES

Stores at the Mint where Material Handling Devices are used include:

Raw Material Store

  • The Raw Material houses raw steel coils.

Coil Store

  • The Coil store is where steel and copper coils are kept for the rolling and blanking processes.

Unplated Blanks Store

  • The Unplated Blanks Store is used to store blanks for the plating process.

Final Product Store

  • In the Final Product store, products are kept for the counting, coining, bagging and dispatching processes.

CRANES

Cranes, include a Coil crane that is located in the Coil store and two cranes that are located in the Final Product store (one per aisle).

Coil Crane

  • The Coils store crane, located in the coil store, moves coils from the in-feed station to allocated locations in the store and issues coils from the coil store to the out-feed station of the coil store.

Final Product Cranes

  • The two cranes located in the Final Product store serve to issue and remove product on both the northern and southern sides of the store.

AUTOMATED GUIDED VEHICLES (AGVS)

These are located as follows:

Coil Store

  • AGVs are used in the Coil Store to issue Coils to the Rolling Mills, and deliver Blanking from the Coil store out-feed station. These AGVs also remove coils from Casting, Slitting, the Rolling Mills and Blanking, and convey them to the Coil store in-feed station. The removal of coils from Blanking to the Coil store in-feed station only occurs in the rare event that an incorrect coil is delivered at the Blanking machine.

Unplated Blanks

  • AGVs remove blanks from Blanking to the Unplated Blanks store and issue blanks from the Unplated Blanks store to Plating. Issues and removals are affected by the AGVs, which collect and deposit blanks directly in the Unplated Blank store.

Plated Blanks

  • •AGVs remove blanks from the Plating out-feed or Counting, and deposit them at the in-feed station of the Final Product Store.

FINAL PRODUCT STORE

  • AGVs dispatch products from the out-feed stations depositing them at Coining, Counting and Packing and at Dispatch. The AGVs also remove products from Coining, Counting and Packing and Dispatch and deposit them at the in-feed stations of the Final Product Store.

Conveyors

In-feed and out-feed conveyors are located in the Final Product store. These devices are used to move material horizontally between two fixed points.

DROP SECTIONS & AUTO MOTORS

Counting In Drop section

  • The Counting In drop section deposits the requested blanks into the in-feed hopper, to be counted on the Counting In machines.

Counting and Bagging & Coining Drop sections

  • The Counting and Bagging drop section and the Coining drop section work the same way.

In-feed and out-feed conveyors are located in the Final Product store. These devices are used to move material horizontally between two fixed points.

TOOLROOM

The South African Mint is fortunate in having a state of the art toolroom which is fully equipped with the latest sophisticate CNC machinery; where all tooling associated in the manufacturing of coins and coin blanks is produced. By having this in house facility we are able to reduce the need to subcontract and thus minimise costs.

Manufacturing of Coins - The South African Mint Company (2024)

FAQs

Who owns the South African Mint Company? ›

The South African Mint Company (RF) (Pty) Ltd is a wholly-owned subsidiary of the South African Reserve Bank (SARB) in accordance with the SARB Act 90 of 1989, as amended.

How are South African coins made? ›

All the raw materials are melted in the furnace and then cast through carbon dies into two strips which are then drawn through a milling machine where the hardened crust of the alloy is scalped and rolled up into 1, 5 ton coils ready for the rolling process.

Does the South African Mint produce coins for other countries? ›

Over and above producing all South African circulation coins, the company also produces circulation coins and coin blanks for the international export market that are used as currency in numerous countries in Africa, S.E.

Who is the owner of the SA coin Corporation? ›

The South African Mint is responsible for minting all coins of the South African rand on behalf of its owner, the South African Reserve Bank.

Which South African coins are worth money? ›

Rare coins, such as the 1 cent minted in 1965 or the 1/4 penny from 1926, or the 1/4 pennies made between 1932 and 1936, can fetch high prices due to their scarcity even though they don't have a high metal content of silver or gold.

Who is the director of the South African Mint? ›

South African Mint on LinkedIn: Honey Mamabolo (HM) Managing Director, South African Mint What is the…

Are South African coins real silver? ›

South African Silver One Rand Coins. In 1965, South Africa introduced a 1 Rand coin. From 1965 to 1990 inclusive, these were made of silver, but in 1977, a smaller nickel design was introduced, which was issued concrurrently with the silver coins.

Are South African coins real gold? ›

First minted in 1967, Krugerrands are legal tender gold coins produced and issued by South Africa. This coin weighs 33.93 grams, or 1.0909 troy ounces of 22-karat gold. It contains one troy ounce of pure gold along with an alloy of 2.826 grams of copper.

What metals are used in South African coins? ›

1989–2022
DenominationDiameter (mm)Metal
R526Bi-metal
R223Nickel-plated copper
R120Nickel-plated copper
50c22Bronze-plated steel
2 more rows

Are they still minting Krugerrands? ›

Since the end of apartheid in 1994, production levels of the Krugerrand have steadily increased and the Krugerrand is now seen as one of the most well-respected gold coins in existence today.

What country mints the most coins? ›

Today the United States Mint is largest mint manufacturer in the world, operating across six sites and producing as many as 28 billion coins in a single year.

What country coins are worth the most? ›

The 14 Most Valuable Foreign (non-US) Coins
Most Valuable Foreign CoinsMint DateCountry of Origin
$1 Million Canadian Gold Maple Leaf2007Canada
Single 9 Pond (20 million ZAR)1898South African Republic
Long Whisker Dragon Dollar1911China
Decadrachm409-406 BCAgrigentum
10 more rows
Aug 7, 2024

Who owns SA Mint? ›

The South African Mint is a wholly-owned subsidiary of the South African Reserve Bank (SARB). As the only exporting mint on the African continent, we've become known as a world leader in the industry, and our skills have been recognised with numerous awards.

Who is the head of SA coin? ›

Did you know that on South African coins, the official side, commonly referred to as 'heads', bears our country's Coat of Arms? The 'tails' side features our plant and animal designs, celebrating our rich heritage.

Who is the CEO of coins? ›

We sat down with Wei Zhou, CEO of Coins.ph, a leading crypto brand in the Philippines with over 16M users who can now receive BTC with Universal Money Address (UMA)

Who is the owner of mint brand? ›

Mint Mobile, LLC is a mobile virtual network operator owned by T-Mobile US that offers prepaid mobile phone plans with physical SIM cards or eSIMs.

Is the mint privately owned? ›

The United States Mint is the government agency that makes coins! Coins are small, metal discs that people use as money.

Is the mint owned by the government? ›

Today, the mint operates under the auspices of the Department of the Treasury. U.S.

Who owns the mint Group? ›

Rutherford co-founded the Mint Group in 2001 with his long-term business partner Olly Bengough. Among the venues it owns and runs are Infernos in Clapham, the Elk Bar in Fulham Broadway, and Bison and Bird, also in Clapham.

Top Articles
Behavioral Finance einfach erklärt » Verhaltensökonomik Definition
Central Banks And ESG Investing: A Fatal Combination Of Incompetence And Overreach
Wordscapes Level 5130 Answers
Tabc On The Fly Final Exam Answers
J & D E-Gitarre 905 HSS Bat Mark Goth Black bei uns günstig einkaufen
Ixl Elmoreco.com
Chelsea player who left on a free is now worth more than Palmer & Caicedo
35105N Sap 5 50 W Nit
Optimal Perks Rs3
Flat Twist Near Me
Amateur Lesbian Spanking
How Many Cc's Is A 96 Cubic Inch Engine
Craigslist Cars Nwi
R/Afkarena
SXSW Film & TV Alumni Releases – July & August 2024
Jenn Pellegrino Photos
G Switch Unblocked Tyrone
Jalapeno Grill Ponca City Menu
CVS Near Me | Columbus, NE
Diakimeko Leaks
Spn 520211
Watch Your Lie in April English Sub/Dub online Free on HiAnime.to
South Bend Weather Underground
Makemv Splunk
Lcsc Skyward
Himekishi Ga Classmate Raw
Shia Prayer Times Houston
Busted! 29 New Arrests in Portsmouth, Ohio – 03/27/22 Scioto County Mugshots
Soiza Grass
Fridley Tsa Precheck
Exploring The Whimsical World Of JellybeansBrains Only
Rocketpult Infinite Fuel
Best Workers Compensation Lawyer Hill & Moin
“Los nuevos desafíos socioculturales” Identidad, Educación, Mujeres Científicas, Política y Sustentabilidad
159R Bus Schedule Pdf
Craigslist Free Manhattan
Omaha Steaks Lava Cake Microwave Instructions
Urban Blight Crossword Clue
Pulitzer And Tony Winning Play About A Mathematical Genius Crossword
LumiSpa iO Activating Cleanser kaufen | 19% Rabatt | NuSkin
Costco Gas Foster City
Pain Out Maxx Kratom
Wordle Feb 27 Mashable
Craigslist Pet Phoenix
Jimmy John's Near Me Open
Big Brother 23: Wiki, Vote, Cast, Release Date, Contestants, Winner, Elimination
Erica Mena Net Worth Forbes
Gear Bicycle Sales Butler Pa
Craigslist Cars For Sale By Owner Memphis Tn
Kidcheck Login
Salem witch trials - Hysteria, Accusations, Executions
Latest Posts
Article information

Author: Nicola Considine CPA

Last Updated:

Views: 6206

Rating: 4.9 / 5 (49 voted)

Reviews: 80% of readers found this page helpful

Author information

Name: Nicola Considine CPA

Birthday: 1993-02-26

Address: 3809 Clinton Inlet, East Aleisha, UT 46318-2392

Phone: +2681424145499

Job: Government Technician

Hobby: Calligraphy, Lego building, Worldbuilding, Shooting, Bird watching, Shopping, Cooking

Introduction: My name is Nicola Considine CPA, I am a determined, witty, powerful, brainy, open, smiling, proud person who loves writing and wants to share my knowledge and understanding with you.