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The 1993 Banking Protea R1 is a South African commemorative silver coin celebrating the 200th anniversary (bicentenary) of banking in South Africa (1793-1993), featuring a Protea on the reverse, known for its low mintage and high collector value, especially in Proof grades like PF69 or PF70.
Key Details:
Commemoration: The 200th anniversary of South African banking.
Design: Features the Protea flower (the Protea Series design) on the reverse.
Metal: Silver.
Type: Commemorative Proof Coin.
Mintage: Very low, around 3,907 for the silver proof version, making it sought after.
Grading: Often graded by services like NGC (Numismatic Guaranty Corporation) for authenticity and condition, with high grades (Proof 69, Proof 70) fetching higher prices.
Significance:
Its low mintage and commemorative nature make it a significant item for coin collectors (numismatists).
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