Do you know the value of your old South African Coins?

Do you know the value of your old South African Coins? There are companies waiting to buy these vintage coins for up to R20 000.

UNION Coins – 1923-1960
These coins vary in silver content. Coins minted 1923-1950 will have a higher value than coins minted 1951-1960.
3d (tickey) only the 1931 3d has high value. 6d – 1 shilling – 2 shilling – 2 ½ shilling – 5 shilling
NB: (All the above coins minted from 1965 onward have no silver value, they are made from nickel.)
R1 coins dated 1965-1976.

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From 1970-1976 – R1- coins only issued in collectors sets and are worth bullion value.
An easy way to check if your R1 coins are silver is by using a magnet, a fridge magnet will do. If the R1 coins stick to the magnet it is not silver and only worth face value.
I will also buy the silver commemorative series.
Download The List in Pdf
Places to sell these coins
Kenwigs Coins & Medals
Suite 8, First Floor,
Medical Suites,
Thrupps Illovo Centre
204 Oxford Road,
Illovo,
Sandton 2198
Telephone: 011-327-6388
Cell: 079-399-8987 (WhatsApp)
Email: info@kenwigs.co.za
Hours: 10:00am to 4:00pm
We asked who’s head is on South Africa’s 1966 50C coin.

And the answer is Jan Van Riebeeck
Sources:numista.com, Kenwigs.co.za

sell your coin here>>>http://kenwigs.co.za/

SELL YOUR OLD COIN NOW

This lot includes a 1949,1950,1955,1957,1960 penny,1943,1953 half penny,1943×3,1944,1946,1947,1948,1950,1955,1958 quarter penny,1961×2,1964×2 van Riebeeck oxwagon 1c,1961×7,1962×3,1963,1964×2 van Riebeeck Cape Sparrows 1/2c,a 1977,1984,1989 nickel R1,plus a T.W de Jongh 1970’s R1 note and 1980’s R2 note.Nice lot to get your S.A coin collection started, price: R140 (click on more ads from this seller to view all my listings)

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R 1,750
The 2017 1 Oz Silver Krugerrand Premium Uncirculated coin has officially been Launched to commemorate the 50th Anniversary of the infamous Krugerrand. This is a first of its kind and it is truly a must have for anybody. Product: Silver Premium Uncirculated coin – Legal Tender – MintmarkedShipping: South Africa OnlyVAT (Tax): 14%, already included in priceLimited Edition: 1 000 000Coin Quantity: 1
R 9,000
I am a lady that recently bought this 3 seater Victorian chair and re – stored plus re- upholstered with new sponge and covered with covers that can come off by unzipping.
I have to unfortunately sell a lot of my 3 bedroom furniture to move into a one bed apartment.It is in excellent condition and has beautiful intricate carvings on it. If interested, Please contact Avi 072 846 0517

HOW TO SELL A R5 COIN

How to sell a R5 coin for R50000.00

You must have come across commemorative coins in your loose change – the ordinary circulation coins that recall 10 years of democracy, the presidential inauguration in 1994, the cricket World Cup in South Africa and other milestones in our history. Some people may have saved a few of these coins in the hope that they will be worth a bit in the future.
The R5 coins with the face of former president Nelson Mandela have a special nostalgic appeal, and the most recently issued one was to celebrate his 90th birthday in 2008.

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But would you believe it if you were told that one of these 90th birthday coins sold for R2.5 million? Others sell for anything between R50 000 and a couple of thousand rands.
These, remember, are simply R5 coins. There is nothing special or rare about them – more than 22 million were issued by the South African Mint.
But a lucrative trade has developed in which clever sellers convince gullible buyers that certain R5 Mandela coins are extremely rare and are therefore worth a lot of money. Any coins could be sold in this way, but by far the most popular is the Mandela 90th birthday R5, issued in 2008, so this article will concentrate only on these coins.
The scheme is very simple to see through if you have a basic grasp of coin grading. It works like this.
First, the seller needs a supply of coins that have never been in circulation, plus a company to grade them and a population report. A population report, or census report, shows how many coins of a particular type have been given a particular grading.
The coins sold for hugely inflated prices have never been circulated, unlike the coins that arrive with your change from the supermarket teller or newspaper vendor. Instead, these coins were bought in their hundreds of thousands direct from banks and the South African Mint. They are then sent to the United States for grading, which, in the simplest possible terms, means an assessment of their features, such as the lustre, appearance and number of imperfections of each coin.
When the coins return to South Africa, each is encapsulated in a Perspex slab that shows which company graded it and what grading it was given. This process is also called “slabbing”.

The sellers are able to market any coins that come back with a grading between MS70 (perfect) and MS60 (a coin that only just qualifies as uncirculated and has visible scratches). MS refers to “mint state” (see “How the grading system works” on the previous page for a basic explanation of grading).
Now the R5 brigade can start working their sales channels, phoning clients or putting the coins on an auction website such as Bid or Buy.

The marketing can take two angles: the high quality of the coin or, if the coin is not of a particularly high quality, then the rarity of the coin in its particular grade. Both angles rely on the buyer’s ignorance of what is meant by rarity.
The following extract is from Bid or Buy and is the sales pitch for a coin that was graded MS60: “The elusive MS60. Very scarce in this grade. The one you can never get your hands on.”

The coin sold for R5 501 on October 9, 2011.
And, in one sense, the seller was not lying when he or she said the coin was “very scarce in that grade”. The population report almost certainly said there were not many Mandela R5 coins that had been given that grade. But that is not an indication of rarity out of the whole universe of R5 Mandela coins – just that not many have been sent for grading and emerged with that grade – they are what numismatists call conditional rarities.
“Far from indicating great rarity, a low population actually might reflect extreme commonness: a high-mintage modern coin, for instance, might have a low population in one of these reports simply because hardly anyone has bothered to submit any pieces for certification. Having little or no premium value, they aren’t worth the bother and expense of being certified,” Scott Travers Rare Coin Galleries writes in “10 myths about the modern coin market” (www.pocketchangelottery.com/article62.htm).
It is not worth the bother and expense … except for a seller who can find gullible buyers.
As a participant in the Bid or Buy coin collectors’ forum noted in May 2010: “Why on earth are bidders paying upwards of R16 000 for 2008 Mandela birthday R5 graded MS61?! That’s like paying R400 000 for a 2005 Ford Fiesta … simply because the car dealer has fewer 2005 models in his showroom.”

Even the “very scarce” selling point will not last long as the popularity of this trade catches on.
In mid-October 2011, US grading house Numismatic Guaranty Corporation (NGC) said in the “Research” section of its website that it had graded more than 115 000 examples of mint-state Mandela 2008 coins.
And the National Association of Numismatic Societies has been informed that every month about 24 000 Mandela R5 birthday coins are sent for grading in the US, Peter Wilson, the chairman of the association, says.
“The biggest problem in numismatics at the moment is the Mandela R5 coin. That’s where the bulk of the rip-off is occurring. These guys (the sellers) are doing immeasurable damage to the noble hobby of numismatics.”
Wilson says prices have got to “ludicrous” levels.

What can be more ludicrous than one of these coins selling for R2.5 million?
The website of a Gauteng company, SA Coin, says that’s the price achieved for an uncirculated MS69-graded Mandela R5.
Gerrit Marx, the operations manager of SA Coin, confirms the company made the sale in June 2010 to a buyer who wants to remain anonymous. “When the MS69 was sold, there was only one of them in the world. The price was market-driven,” Marx says. “Because there was only one, the seller wanted that price. We got him a buyer.
“This particular individual [the buyer] does not want to be public on this particular issue – we need to respect his privacy. But that buyer is up to today one of our biggest investors.”
At about the same time as the R2.5-million sale – also in June of that year – a Mandela 90th birthday R5 coin with the same grade from NGC was sold on auction site Bid or Buy for R51 600. Marx says of the Bid or Buy price: “It is not reflective of market value.”

He says none of the coin dealers will put a coin up for sale at a price below the market value. And market value, he says, “is the overall accepted sense of the value of a coin among dealers who have experience in the field”.
At the time this article was concluded in late November, nine coins had been graded MS69 by NGC, Marx says, although he conceded he had not checked the population report for two or three weeks.
He is not perturbed by the increase in the MS69 population over the 18 months since that multi-million-rand sale, or for the implications this has for the price of the coins.
The SA Mint will not release any more of the 2008 coins and it is also the nature of the coin that makes it special, he says. “Never in history has a coin been struck for a living former president for his birthday. That is what made the 2008s so much in demand – I call them blessed.

 

What is Krugerrands and How Much Does it Worth

First Edition of Kruger Rands 1967

These were the first Kruger Rands. They were struck at a ceremony which took place at the South African Mint in July 1967. The busts of the 1967 mintage were plain, unfrosted or glossy. Intended for South African collectors, only 10 000 of these coins were struck. In 1968 some of the busts (1044) and inscriptions were frosted.
The reverse sides of Proof Krugerrands are all plain, unfrosted or glossy in 1967. From 1968 onward the inscriptions and designs were frosted.

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Year:1967
Coin:1 oz Kruger Rand
Diameter:32,69mm
Mass:33,931 grammes
Edge:Milled
Designer:Otto Schultz
Metal Content:Gold 916,67 / Copper 83,33
Mintage Figure:10 000

The above-mentioned Kruger Rands are selling with different prices depending on the seller but their prices ranges between R18 000 and R75 000 according to some sellers at BidorBuy.co.za

Why do we have 2016 Kruger Rands

To mark the discovery of the Eureka diamond, the SA Mint has minted a truly special product, the 150th anniversary of the discovery of the Eureka diamond, Mint Mark Proof Krugerrand 2016 set. Each set contains a 1oz, 1/2oz, 1/4oz and 1/10oz Proof Krugerrands, all featuring the illustrious Eureka 150 Years Mint Mark.

The above Krugerrands minted in 2016 is just a special edition to mark 150th celebration of the discovery of the Eureka diamond. It has been minted by SA Mint and it is selling for about R100 000.

Source: Scoinshop.com,Southcapecoins.co.za

If you are interested in the coin collection business you can also read the following article

 

How to make thousands with Bitcoin in South Africa

In the past 6 months, media outlets around the world reported an increase in the value of Bitcoin. We hear about a new millionaire every single day!
The millionaire spectrum is wide – we heard of a pizza maker that agreed to accept a Bitcoin payment, a transaction that turned into 25 million dollars years later! As well as the 17-year-old who invested a 1000 dollar and turned his family into millionaires! Those visionaries recognized the rare opportunity Bitcoin had to offer and made a small investment that turned into a huge profit

Want to join the global success of Bitcoin?

Sure, you do! So, to get you closer to the party and to a deeper understanding of Bitcoin, we created a simple yet thorough guide to provide you with the simplest, quickest, safest way to invest in the coin that is sweeping the whole world:

First of all, what is Bitcoin?

Bitcoin is the first ever digital, decentralized coin.

What does that mean?

Digital means that bitcoin do not appear in a physical form, only on a computer and is stored in digital addresses across the web.

Decentralized means no financial body or central bank stands behind the coin and no one is controlling its distribution and production.

Gates: Bitcoin is exciting because it shows how cheap it can be

Bitcoin is an independent internet coin that is not bound or depended by any man, company, bank, or government.

The advantages of Bitcoin

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The main advantage of Bitcoin is that it is decentralized – meaning, there’s no central bank or government which controls it or its distribution. That is the main reason Investors are considering the currency as some sort of a safe-haven-asset in a problematic geopolitical world. When governments are suffering financially, the people are also suffering from financial instability. We saw it happen lately in Europe, Russia, Brazil, and the United States.

What other advantage Bitcoin has to offer? there is a mathematical limitation to the number of Bitcoins that can be created, no physical currency is ever printed, so it works and follows the rules of economy. A limited supply creates a demand. When the demand goes up, the price goes up along with it.

Is it too late to invest in Bitcoin?

The answer is simple- absolutely not! Why? Since the Bitcoin was launched and until nowadays, it has only gone up without any prediction for a decline rate on the horizon.

True – the numbers of the past do tell a story – If you would invest 10 dollars in Bitcoin back in 2010, when the price of a single coin was only 0.003 dollars, you would have 3,333 Bitcoins, equal to over 13 Million Dollar, unbelievable figures to comprehend, right?

Billionaire businessman Sir Richard Branson says Bitcoin is working

But the good news is… Bitcoin is still on the rise and on the up! Just in the past month, between July 14th to November 21st the coin went up as much as 408%, from $2005 to $8200!

Make a decision of the type of coin you would like to buy. We will help you decide.

A Coin Collection requires time and investment but it is a very rewarding activity. Regardless of whether you have a lot of money to spend or small budget, I will try to give you the tips on how to start collecting and making money for the future! There is a variety of rare South African coins available.

Different ways to collect

At The Coin Company all our clients share the same interest: Coins

There are two different main types.

  • Collector’s Interest. They would try to get a collection that is priceless and in many cases they will never think about selling it.
  • Collecting only highly graded certified coins or Profit interest: The type of client that wants to buy coins as an investment. This type of client will look for coins that will grow in value in the future.

Coin Investment requires the advice of a broker to make the right choice and purchase. This is a long time investment. We do not recommend buying online any coin before having the possibility to inspect the coin in your hand.

Coin collections

Most of the coins you will find at The Coin Company are graded coins as well as rare South African coins. This means that coins have been inspected and inserted in a plastic capsule with a bar code and a hologram to certify the coin is authentic. This process is done in United States.

If you have a collection of coins that are currently in circulation, remember that unfortunately we don’t buy or sell circulated coins.

If your coins are out of circulation, old or rare, never try to clean them.

The value will decrease if you clean them.

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Make the right decision

Make a decision of the type of coin you would like to buy. We will help you decide.

Nelson Mandela Coin Collections

At The Coin Company we specialise in Nelson Mandela Coins.

There are 3 series of coins that were released by SA Mint portraying Nelson Mandela and his presidential inauguration.1994 Presidential

The sky is the limit

Now, when it comes to collecting coins, the possibilities are unlimited. The mint of origin, the grades, the year of mint, however, the most important thing to remember is that no matter whether you are collecting only highly graded certified coins, or you want to specialize in collecting only coins for a particular mintage, or whatever coins you wish to collect – coin collecting is a fun and exciting hobby that should always be held in a safe and out of the way location, such as in a locked safe.

And always remember before buying any coin consult an expert about the specific coins you have interest in.

 

The Benefits of Collecting and Selling Coins Including Mandela Coins

Coin collecting can start as a hobby and become a very smart way of creating an investment. When investing in rare coins, it can provide a significant medium to long-term benefit. The value of a coin is related to the difficulty to obtain a coin and the demand is generated for that specific coin. Generally, the rarer the coin, the greater the value. The world’s rarest coin is the South African “Single 9” that was minted in 1899.
Nelson Mandela coins are welcome addition to any coin enthusiast’s collection.
All Nelson Mandela coins were produced by the South African Mint.
For a Nelson Mandela Coin to have value, the following requirements are needed:
1. Coin must be uncirculated , Mint State or Proof (Untouched)
2. Graded by International grading companies (Only NGC or PCGS)
3. Certificate of Purchase with name of purchaser.

These are the different options when purchasing PROOF Nelson Mandela Coins. Be aware that Proof coins are different from Mint State Coins.

1994 Inauguration Coin.
2000 Millennium Nelson Mandela Coin.
2008 Nelson Mandela 90th Birthday Coin.
The 1994 Inauguration R5 Coin in both Mint State (MS) and Proof (PF) issue to coincide with the inauguration of President Nelson Mandela in 1994 is by far the rarest and most difficult to come by either MS or Proof.
The 2000 Nelson Mandela Millennium Coins Mint State and Proof were minted in respect to Nelson Mandela on his retirement as State President and they are also very rare.
In 2008 a new R5 coin bearing his head was issued to celebrate his 90th Birthday in July 2008. This had never been done in the history of the SA MINT that two R5 coins were issued with the ex-presidents bust on them.

Our Goal is to help you build coin collections and coin portfolios. Remember No Capital Gains Tax or other taxes are payable on resale of Mandela coins, as well as No Estate duties are payable.
The Coin Company specialises in Mandela Coins and other rare collectable coins. We have a collective 30 years of experience in rare coins and as such will provide you, with the knowledge to make the best decision for the ultimate unique portfolio. It is never too late to start and your collection can only grow in value as time passes by. Our mission is to offer assistance and advice to all our clients, either entering the coin market for the first time or to established coin collectors.

Please take a look at the picture below showing MINT STATE (MS) coins so you can see the difference with the Proof coins.
Not all the MS Nelson Mandela Coins should be purchased as an investment, some of these coins are not rare because of the high number of coins available. Our brokers can give you the best advise.
The 2008 Nelson Mandela MS69 is the finest known of all. There are only 11 of these coins and was sold in 2011 for over 2.5 million. The MS68 is also a very rare coin. NGC only records 56 of these coins.
If you have specific interest in making a large investment with these coins contact us by phone.

 

2008 – 2000 – 1994 Proof_Nelson_Mandela

We are excited to announce that World Coin News confirms this year that rare R5 Nelson Mandela coins are the fastest appreciating rare coins in the world!

Sources: TheCoinCompany

SA Coin

List of Wanted South African Coins Paying up to R20 000

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check all information here

UNION Coins – 1923-1960

These coins vary in silver content. Coins minted 1923-1950 will have a higher value than coins minted 1951-1960.
3d (tickey) only the 1931 3d has high value. 6d – 1 shilling – 2 shilling – 2 ½ shilling – 5 shilling

NB: (All the above coins minted from 1965 onward have no silver value, they are made from nickel.)

R1 coins dated 1965-1976.

From 1970-1976 – R1- coins only issued in collectors sets and are worth bullion value.
An easy way to check if your R1 coins are silver is by using a magnet, a fridge magnet will do. If the R1 coins stick to the magnet it is not silver and only worth face value.
I will also buy the silver commemorative series.

Download The List in Pdf

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Places to sell these coins

Kenwigs Coins & Medals

Suite 8, First Floor,
Medical Suites,
Thrupps Illovo Centre
204 Oxford Road,
Illovo,
Sandton 2198

Telephone: 011-327-6388
Cell: 079-399-8987 (WhatsApp)

Email: info@kenwigs.co.za
Hours: 10:00am to 4:00pm

We asked who’s head is on South Africa’s 1966 50C coin.

And the answer is Jan Van Riebeeck

Sources:numista.com, Kenwigs.co.za

 

List of Areas Where You Can Sell Mandela Coins for Extra Cash in South Africa

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several of the Mandela 90th Birthday proof 70’s have sold for R275 000. The rare 90th birthday Mandela proof and mint state coins are expected to show blistering financial performance in 2014 tax free. The first year after the death of the great Nelson Mandela. These are the rare R5 Mandela coins that are in the greatest demand from the South African and international public. The proof versions of these coins are the most beautiful South African coins ever manufactured, they are breath-taking. The proof versions are also by number of only 5 000 minted with the exception of the finest known rare R5 Mandela coins the most rare Mandela coins of the entire series. We are projecting that proof 70 birthday Mandela coins will sell for R450 000 at the end of the year around R1 million by the end of 2017. The proof 69 birthday Mandela coins are expected to be selling at R65 000 by the end of 2016 and R110 000 at the end of 2017.

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Take your coins to one of the following areas

 

1.SA Coin

S A COIN is the largest rare coin company in South Africa. They have been in business for around 25 years. In that time they have developed the market for South African rare coins from a small sized cottage industry market to being valued at over R1.1 billion rand. They took South Africa’s rarest coin the single 9 from a value of R600 000 in 1996 to a value and sale of R4 650 000 through S A COIN in 1998. Today the Single 9 is valued at R50 million rand.

2.TheCoinCompany

Members of The Coin Company are from various backgrounds. All complimenting each other but all with the same purpose, to keep the coin industry alive and thriving. Our sales staff and experienced consultants have received excellent training in the industry and continue to receive on-going training as the market evolves. One of our senior staff members has held top management positions in the coin industry for the past 30 years. This coupled with the Accounting experience of an International Corporate accountant give us a strong accounting and administrative background. We offer a well-balanced, rounded company to benefit our customers in this incredible field of coin investments and rare coins.