COMPANY PROFILE – GOLD REEF CITY MINT
From humble beginnings as “Post Office Coins and Stamps” in 1976, we moved to “Gold Reef City Coins and Stamps” in 1986, and two years later took over “Gold Reef City Mint” from the “mother company”, The South African Mint Company (Pty) Ltd. Initially, purely retail coin dealers, Gold Reef City Mint expanded into the manufacture of coins and related items. Originally a branch of the South African Mint Company, Gold Reef City Mint now operates as an independent private concern but is still fortunate to enjoy the support and cooperation of the national mint. In 2009 the company moved to the Rand Refinery Complex in Germiston.
Gold Reef City Mint is one of the founder members of the South African Association of Numismatic Dealers. The managing member of Gold Reef City Mint, Glenn Schoeman, is the Chairman of this Association, and is presently in his 12th year of office.
Gold Reef City Mint is an approved distributor of the South African Mint and works in close association with them in the development, marketing and launching of South African legal tender coins. Gold Reef City Mint has a well-established marking infrastructure and management has a service-orientated philosophy. Gold Reef City Mint is centrally located with easy access to the north and Johannesburg International Airport. These fundamental business principles, combined with the dedicated staff that have a combined experience of more than eighty years in the industry, ensures Gold Reef City Mint maintains its reputation.
Products and services:
Our service and products extend across numismatic, bullion and manufacturing. The South African Diamond & Precious Metal Regulator has appointed Gold Reef City Mint as an approved Manufacturer and Distributor of Gold, Platinum and Silver bars.
The Numismatic Department
Gold Reef City Mint is one of the founder members of the South African Association of Numismatic Dealers. The managing member of Gold Reef City Mint, Glenn Schoeman is the Chairman of this Association, and is presently in his eighteenth year of office. All staff members of the company are members of the National Numismatics Society. Gold Reef City Mint is approved by Rand Refinery, and is one of the largest wholesale and retail suppliers of Krugerrands in the country. Gold Reef City Mint is an approved distributor of the South African Mint and work in close association with them in the development, marketing and launching of South African legal tender coins. The Company has a well-established marketing infrastructure and management has a service-orientated philosophy. Gold Reef City Mint is one of the South African Mint’s largest outlets for legal tender numismatic products. Dedicated staff members, that have a combined experience of more than sixty years in the industry, ensure Gold Reef City Mint maintains and build upon its reputation.
The Manufacturing Department – Minting Division
In August 2009 the entire manufacturing department, GRC Mint Manufacturing, moved to the Rand Refinery complex in Germiston. It is a far safer environment in which to work with precious metals.
Gold Reef City Mint is one of two privately owned mints in South Africa that have minted legal tender coins. Gold Reef City Mint has been privileged to work on behalf, under license and under the supervision of the South African Mint on a number of occasions.
Gold Reef City Mint is the pioneer in the manufacture of minted precious metal bars in South Africa. Up until recently these bars were only available for export to the foreign market but the new Precious Metal Act that was promulgated in Parliament in July of 2007 now allows local residents to own bars. Gold Reef City Mint has been appointed as one of only two manufacturers permitted to produce bars for the Local market. We have developed a detailed infrastructure for bar production and use a sophisticated “tamper proof” packaging system, which is specified by the Precious Metal Regulator. The minted bars have been a welcome addition to our product range.
We manufacture a variety of coins, medals, corporate gifts, badges, key rings, medallions and trophies. The infrastructure and equipment is well established and enables Gold Reef City Mint to manufacture a vast range of products in a variety of base and precious metals. Gold, silver, and platinum are presently our main focus and specialty.
Over the past twenty eight years, Gold Reef City Mint has developed its ability to operate totally independently. With the exception of packaging materials the Mint is totally self sufficient regarding the design of product, the manufacture of dies and tooling to manufacture blanks and the means to manufacture coins, medals, medallions, minted bars and a large variety of related items. We have our own electro-plating plant on site. The competence of the staff compliment is of a high standard. All our senior staff have undergone extensive training at the South African Mint. All staff members have skills pertinent to the industry and “on the job” training is ongoing.
Gold Reef City Mint has manufactured legal tender coins and medallions for South Africa, Swaziland, Namibia, Zambia, Mozambique and Suriname. We have produced items for the Nelson Mandela Foundation and the F.W de Klerk Foundation. These medallions feature images of both former President Mandela and President de Klerk. We minted the very first medallion ever to bear the image of President Mandela and the first platinum medallion to bear the image of a former President in the form of the F.W. de Klerk Platinum and Gold medallion series.
Although we have more than thirty years of experience in the minting process, in December of 2013 we bought out an entire casting business operation, which now enables us to supply medals at a greatly reduced price compared to the minted medals. We are fortunate to have the services of a foreman that has 15 years experience in spin casting. Our casting department was a natural progression for us to follow and has proven to be very successful.
Coin Watch South Africa
In 2002 we acquired the “Coin Watch” franchise for the African continent and established Coin Watch South Africa. This is primarily a wholesale and retail operation, marketing a superb, high quality range of uniquely designed African timepieces. Watches are custom made to suite the individual or corporate or tourist requirements. All watches carry a two-year renewable international warranty, and are therefore perfectly suited for gifts and incentives for foreign visitors.
Our various departments all produce products that are very well suited to the tourism industry. The expertise and experience that our manufacturing departments have gained over the past 28 years allows us to manufacture “almost anything”. We manufacture jewellery using precious metals and base metals. We cast in bronze, white casting metal, resin castings and produce figurines, key rings, lapel badges, plaques, clocks, fridge magnets, cutlery, glassware and a list of other items, too vast to itemize. We supply personalized products in all the above including caps, hats and other apparel.
We service the entire country including all the major tourism areas like the Western Cape, the Eastern Cape, KwaZulu Natal, Mpumalanga, the Northern Provence and Namibia.
Our retail division concentrates on the corporate, schools, and the international and local tourists destinations. We offer and market the complete range of coins, medals, medallions corporate gifts, promotional items, corporate branded clothing, trophies and tourism related souvenirs.
Glass and Gifting Department
To expand and embroider on our range of products to the retail and corporate gifting markets, in 2010 we incorporated Hanggi Glass Design Studio into our group. We were fortunate also to acquire the services of Anne Hanggi as well as a number of the Design Studio’s former staff members. Thirty years of experience, and a wealth of knowledge and expertise pertinent to the glass, sandblasting and decorative glassware industry became part of our team. We are certainly not new comers to the market place. Combining existing, proven principles with new innovative ideas from our young design team ensures our place in the market. We produce and offer a selective, exciting and uniquely South African designed and manufactured range of exclusive African glassware products.
Cabinet and Woodworking Department
Our fully equipped cabinet-making and woodworking facility enables us to produce high quality frames, hardwood timber packaging and unique and custom built trophies and corporate gifts.
Gold Reef City Mint has established itself in the marketing and manufacture of numismatics, corporate gifts and promotional materials in Southern Africa
We have the facilities to produce product manufactured from:
- Base metals Brass, copper, mild and stainless steel and aluminium.
- Precious metals Silver, gold, platinum and palladium.
- Sand blasted, beaded and coloured glass and a variety of plastics
- High quality timber
and combination of the above.
Rand Refinery Limited.
Gold Reef City Mint has entered into an agreement with the largest single site gold refinery in the world, Rand Refinery Ltd. Gold Reef City Mint has been appointed to design, manufacture dies and blanking tools and produce an entirely new range of coins, medallions and minted bars for the European and Asian markets. This joint venture is in the process of developing an entirely new packaging and certification process for gold and silver.
Black Economic Empowerment
We are proud to be a part of the BEE initiative. Two of our members are from previously disadvantaged backgrounds. Our senior management has risen through the ranks. Stephen Lovuma joined the company in 1993 as a workshop assistant and has progressed to Production supervisor, while Isaiah Nkgapele, who joined us in May 2000 as a machine operator and is now the Workshop/ Production Manager.
Gold Reef City Mint has established itself as a market leader in the marketing and manufacture of numismatics, corporate gifts, corporate branded clothing, and tourism promotional materials in Southern Africa. Gold Reef City Mint is respected in the industry. We pride ourselves on our reputation.