100 Rand - 1 Ounce Natura - Hyena

The Natura series, launched in 1994, was South Africa's answer to growing international demand for gold bullion coins with rotating wildlife themes — a deliberate counter-programming to the politically radioactive Krugerrand, which remained banned or restricted in numerous markets well into the 1990s due to apartheid-era sanctions. The hyena, long dismissed in popular culture, was a studied choice: the series has consistently favored ecologically significant animals over charismatic megafauna.

The dual Hern reference numbers suggest this date encompasses both a standard and a proof or frosted variant struck to different surface specifications.