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2 rand 1961

Africa › South Africa
P-104b1961South African Reserve BankAU
2 rand 1961 from South Africa, P-104b (1961) — image 1
2 rand 1961 from South Africa, P-104b (1961) — image 2

Market Prices

6 sales
Catalogue (2019)
VF$7
UNC$12
VF$7.52025-12-16(7 bids)
VF$2.342019-10-20(2 bids)
VF$152016-01-16(6 bids)
F$5.62015-12-30(6 bids)
VG$1.362014-01-27(3 bids)
VF$3.352009-02-13

About This Note

This is a well-preserved example of the South African Reserve Bank's 2 Rand note from the 1961-1965 series (Pick P-104b), displaying the English-language variant with 'SOUTH AFRICAN RESERVE BANK' prominently featured on the obverse. The note exhibits excellent condition consistent with AU grading, featuring sharp printing, vibrant blue and green colorwork, and no visible signs of circulation wear. The portrait of Jan van Riebeeck and the commanding reverse lion design are rendered in fine detail, making this an attractive piece of mid-20th century South African currency.

Rarity

Common. This note was issued during a 4-year period (1961-1965) by a major central bank and circulated broadly throughout South Africa. The eBay market data confirms common status: recent sales show VF examples trading between $2.34 and $15, with catalogue values (2019) of $7 for VF and $12 for UNC. These low price points and frequent availability in the secondary market clearly indicate this is a common circulation issue, not a scarce or rare variant. The AU condition observed here is desirable but not exceptional enough to significantly elevate value beyond standard market expectations for the grade.

Historical Context

This 2 Rand note was issued during the early apartheid era of South Africa, reflecting the nation's post-Union currency period under the South African Reserve Bank. The choice to depict Jan van Riebeeck—the Dutch founder of the Cape Colony—on the obverse, coupled with the lion heraldic symbol on the reverse, emphasized historical continuity and national identity during a politically turbulent period. The bilingual English-Afrikaans presentation on the note reflects the constitutional status of both languages in the Republic of South Africa at that time.

Design

The obverse features a left-facing profile portrait of Jan van Riebeeck, the bearded 17th-century Dutch navigator and founder of the Cape Colony, rendered in fine engraved detail against a cream and multicolor background. The portrait is complemented by a seascape with period sailing vessels depicted in the lower right, symbolizing maritime heritage and the arrival of European settlers. A heraldic coat of arms or central emblem occupies the middle of the note. The reverse displays a lion rampant (standing on hind legs) mounted on a heraldic shield, a classical symbol of strength and sovereignty, surrounded by ornate floral and geometric corner decorations. The entire design employs elaborate borders and fine-line engraving patterns on both sides, consistent with high-security banknote production standards of the era.

Inscriptions

FRONT SIDE: 'SOUTH AFRICAN RESERVE BANK' / 'SUID-AFRIKAANSE RESERVEBANK' (header); '2 RAND' / 'TWEE RAND' (denomination); 'I promise to pay the bearer on demand at Pretoria' / 'Ek beloof op aanvraag betaald aan-tooneder te Pretoria' (promise to pay clause); 'For the South African Reserve Bank' / 'Vir die Suid-Afrikaanse Reservebank' (issuer attribution); 'Governor' / 'President' (signature titles); 'Pretoria' (place of issue); Serial number '236 405000'. BACK SIDE: 'TWO RAND' / 'TWEE RAND' (denomination); 'SOUTH AFRICAN RESERVE BANK' / 'SUID-AFRIKAANSE RESERVEBANK' (issuer name).

Printing Technique

Intaglio (engraved) printing on banknote-grade paper, employing multiple color passes to achieve the blue, green, and purple-mauve tones visible in the design. The fine-line work, particularly in the portrait rendering and decorative borders, is characteristic of high-security banknote production. The note exhibits the sharp, crisp impression and excellent color registration typical of professional central bank currency printing. Security features include fine-line geometric patterns and the watermarked portrait of Jan van Riebeeck embedded in the paper stock (150 x 85mm dimensions).

Varieties

This is the English-language variant (first line of bank name and value in English), catalogued as Pick P-104b. The parallel Afrikaans-language variant (first line in Afrikaans) is listed as Pick P-105. This note carries the serial number 236 405000; the specific variety would be further refined by noting the particular signature combination of the Governor and President at the time of issue (signatures visible but not legible in the visual analysis provided). No overprints or exceptional printing variations are apparent from the images supplied.