FAIK no it doesnt, depending on the supplier I suppose. Coral sand is just crushed coral and yes this does affect PH not sure if any other sand does though. I Have used sand from an lfs, local building supplier and DIY shop with no bad results or affecting the fish . Just needs a good wash b4 adding, and with Building and play sand it means a good wash an hour running water through it and mixing with hands at least. Sand bought from an lfs will usually have been washed, but will still need some. When washing use your own judgement as to when the water runs clear from your cleaning.
Jon