The presidential inauguration from 1994 that these coins commemorate is none other than that of the late Nelson Mandela. He held office until June 14th 1999. The structures shown on the coin are the Union Buildings - the official seat of the South African government - with a view from the gardens.
Millions were made, and they are not especially rare. Circulated specimens are traded among collectors for one or two US dollars. Fully uncirculated coins with exceptional eye appeal might sell for $5 or so.
Damaged coins are worth face value in South Africa, which is currently equal to $0.46 USD. Use a website such as XE.com to convert between currencies.
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