This birthday coins increase in value it was once sold for R275 000
This birthday coins increase in value it was once sold for R275 000
The sale of an uncirculated specimen of the rare R5 Mandela 90th birthday coin, in the grade of MS-69, for R2.5 million and the sale of a proof 70 at R275 000, proof Mandela birthday coins are projected to increase in value.
The demand for any investment linked to Nelson Mandela has a ready-made market both in South Africa and internationally. The company is projecting that proof 70 birthday Mandela coins will sell for R500 000 at the end of the year and for R1 million by the end of 2013, with the proof 69 birthday Mandela coins selling at R100 000 by the end of 2012. This is according to Mark T. Andersen of SA Coins.
It is therefore of benefit to investors and collectors to invest in the mint state and proof rare R5 90th birthday rare Mandela coins, as they have a recent massive foundation of over 140 000 graded units in just three years.
The company adds that these coins are internationally acknowledged as being the fastest appreciating rare coins in the world.
There are only 5000 of these coins, as opposed to 5 million of the mint state coins. There have already been graded by PCGS, NGC and ANACS over 3914 of these specimens. This means that there are very few of these coins left to be graded, which means that few coins will enter the marketplace, placing a very large amount of demand and pressure on a small amount of coins. In proof 70 there are only 58, in proof 69 there are 1 964 and 996 in proof 68.
The coins that are offering the greatest opportunity for profit in the marketplace this year are the proof 70th birthday Mandela coins and also the proof 69th birthday Mandela coins. It is also very important to note that no tax is paid on the profits made from any of the R5 Mandela coins.
Complete set
Long-term investors and collectors will be trying to form a complete R5 Mandela set, containing a single example of one of each of the Mandela coins struck, in both proof and uncirculated or mint state.
The eight coins are:
- mint state R5 1994 Inauguration coin
- proof R5 1994 coin
- mint state R5 Mandela presidential 2000 coin
- proof R5 Mandela 2000 coin
- 90th birthday R5 Mandela mint state coin
- proof 90th birthday R5 Mandela coin
- mint state R5 90th anniversary Reserve Bank commemorative
- proof 5 90th anniversary Reserve Bank commemorative.
Complete sets of any coins are known to sell for up to 50% above the price possible for the coins if they were sold separately.
The market for these coins has and continues to grow and expand at a faster pace than any other rare coins in the world. These coins are not only the fastest appreciating rare coins in the world they are also the fastest expanding in the world in terms of the numbers of investors and collectors that are globally added to this market every single month.
Places Where You Can Sell Your R5 Mandela Coins For R275 000 Today!
What is a circulation coin?
Circulation coins are those coins produced or minted by the reserve bank through its entity SA Mint for the purpose of day to day use in the marketplace. These are the coins we use to buy goods and services we require. Some of these coins may however become valuable to collectors if there is some significance on the year they were minted. Example of such coins are the 1965 once cent, the 1965 fifty cent, the Kruger Rand and more vintage coins. These coins have generated a lot of demand hence they are the most wanted coins in South Africa.
So where can I sell Mandela coins in Johannesburg?
Now let’s answer your question about places to sell Mandela coins in Johannesburg. There are several places online where you can sell Mandela coins. You can list your coins on classified websites and sell your Mandela Coins.
I am glad to share this info with you to help you to find places to sell Mandela coins and other South African coins.
5 places to sell Mandela coins today:
1.Bidorbuy
People are placing their bids for Mandela coins on an online action platform called Bidorby. On this site you can start placing your adverts immediately. People can start with a smaller amount and increases as people bid for your product. To start click here to go to Bidorbuy now.
2. OLX
Another platform where I have seen a lot of adverts for Mandela coins is OLX. OLX is a free classifieds platform where users place their adverts without any cost. However, if you need more views for your advert you can bump it up by some bucks to get higher ad ranking. You can start now placing ads on OLX.
3. Gumtree
Gumtree has always been one of the busiest classifieds website where users post their adverts for free. This may have been slightly changed over the recent years. You can sell your Mandela coins on Gumtree now.
4. Junk Mail
Recently, I have browsed the Junk Mail classifieds and found out that people are placing their advertisements for Mandela coins. You too can start selling your coins on Junk Mail now.
5. Price Check
Price Check will only help you to compare prices on different sites. If you are wondering how much you should sell your coin, you might start by comparing prices on Price Check.
I hope this piece of info has given you some light and you can find a perfect place to sell your Mandela coins.
