Coins of the South African rand transactions are rounded to the nearest 10c. A bi-metallic R5 coin with added security features, including a grooved edge and micro-lettering on the reverse, was introduced in 2004. The gold Krugerrand coin is produced in 1/10 oz, 1/4 oz, 1/2 oz and 1 oz denominations. Coins of the South African rand The coins of the South African rand are part of the physical form of South Africa's currency, the South African rand. In 1961, South Africa replaced the pound with a decimal currency: 100 cents (100c) = 1 rand (R1), 1 rand being valued at 10 shillings and 1 cent
James Rand Jr. Irving Fisher), Safe-Cabinet Co. (which had invented the fire-proof safe), Library Bureau, Inc. (which had invented the filing cabinet), Dalton Adding Machine and Baker-Vawter Ledger. For a brief time in 1926, the company was known as Rand Kardex Bureau, Inc. In 1927, James Rand Jr. merged his company with the Remington Typewriter Co. (which had invented the noiseless and electric typewriters) and changed its name to Remington Rand. Company sales grew from $5 million in 1927 to $500 million in 1954. James Rand, Jr.'s wife, Miriam, died in 1927. He married the former Evelyn Huber in 1929. Rand was named