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
Howard Rand Howard Rand Howard Rand, also known as Howard B. Rand and Howard Benjamin Rand (June 13, 1889 - August 17, 1991) was a lawyer, inventor, and three-time candidate for Massachusetts state office on the Prohibition Party ticket, He headed the former Anglo-Saxon Federation of America, a British Israelist group. He served from 1937 to 1968 as editor of its affiliate Destiny Publishers, which put out "Destiny" magazine (distinct from the magazine of the same name about Black culture). Rand was born in Haverhills, Massachusetts in 1889. He was raised as a British Israelite, and his father introduced him to J.