Category Archives: Selling Coins SA

Selling Mandela R5 Coins And Banknote Exchange

South African Reserve Bank on banknote exchange and selling coin ,As of 1 January 2018, the South African Reserve Bank (SARB) branches in East London, Port Elizabeth, Bloemfontein, Johannesburg, Durban and Cape Town no longer purchase Krugerrands from the public; exchange mutilated banknotes; or exchange banknotes withdrawn from circulation. The SARB Head Office in Pretoria Central will continue to service members of the public wanting to sell Krugerrands to the SARB; exchange mutilated banknotes; or exchange banknotes withdrawn from circulation.

Selling of Krugerrands

In addition to the services provided at the SARB Head Office, members of the public wanting to sell Krugerrands in the aforementioned cities can do so through authorised coin dealers, a list of which can be found at: http://www.samint.co.za/collectable-coins/authorised-dealers/ Exchange of mutilated banknotes and banknotes withdrawn from circulation Members of the public wanting to exchange mutilated banknotes and banknotes withdrawn from circulation can do so at selected commercial banks in the aforementioned cities, as well as two Absa branches in Pretoria, from 1 February 2018 onwards. For a list of commercial bank branches assigned to perform these services, visit the SARB website (www.resbank.co.za) or refer to the table below.

Bank Province City Address

FNB Eastern Cape East London 73 Oxford Street
FNB Eastern Cape Port Elizabeth Shop 6 Greenacres Shopping Centre, Ring Road
FNB Free State Bloemfontein 41 Charlotte Maxeke Street
FNB Gauteng Johannesburg 63 Main Street, SA Eagle House
FNB KwaZulu Natal Durban 320 West Street
FNB Western Cape Cape Town 82 Adderley Street

Bank Province City Address

Absa Eastern Cape East London 85 Oxford Street
Absa Eastern Cape Port Elizabeth 51 Govan Mbeki Avenue
Absa Free State Bloemfontein 64 Charlotte Maxeke Street
Absa Free State Bloemfontein 41 Charlotte Maxeke Street
Absa Gauteng Pretoria 230 Lilian Ngoyi Street (After March 2018)
Absa Gauteng Pretoria Corner Andries & Pretorius Streets
Absa Gauteng Johannesburg Shop 115, Cnr Carr & Miriam Makeba Street
Absa KwaZulu Natal Durban 437 Smith Street
Absa KwaZulu Natal Durban Shop 2, 1st floor, Albert Centre, 37 Victoria Street
Absa KwaZulu Natal Durban 78 Field Street
Absa Western Cape Cape Town Corner Adderley & Riebeeck Streets

Bank Province City Address

Standard Bank Eastern Cape East London The Banking Mall, Retail Park, Beacon Bay
Standard Bank Eastern Cape Port Elizabeth Greenacres Complex, Ring Road, Greenacres
Standard Bank Free State Bloemfontein 173 Nelson Mandela Drive, Brandwag
Standard Bank Gauteng Johannesburg 88 Commissioner Street
Standard Bank KwaZulu Natal Durban Shop 56, 300 Anton Lembede Street
Standard Bank Western Cape Cape Town Thibault Square, Cnr Hans Strijdom & Long Street

Bank Province City Address

Nedbank Eastern Cape East London 71 Oxford Street
Nedbank Eastern Cape Port Elizabeth 329 Cape Road, Newton Park
Nedbank Free State Bloemfontein Corner Kellner & Mellville Avenues
Nedbank Gauteng Johannesburg 82 Fox Street
Nedbank KwaZulu Natal Durban 303 Smith Street
Nedbank Western Cape Cape Town 48 Corner Walter Sisulu & Heerengracht  Avenues
Issued by the SARB Media Office: Media@resbank.co.za
012 399 7966

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YOU WILL BE A MILLIONAIRE IF YOU FIND THESE RARE COINS

There is always some ways to make money with vintage coins. If you are in South Africa, there are always some profitable coins in your country. The reason for the coins to be profitable are different from each coin. For example the significance linked to the mint of the Kruger Rands. Every coin has such significance.

Some coins are made just for collections while some are for circulation. That is why as a seller or collector you have to know the difference.

So what are the collectible coin?

Collectible coins are those coins minted for the purposes of collection by collectors. There are people out there who are just waiting for new coins to be available for sale and purely minted for that purpose. The collectible coins are also graded by the coin grading companies, packaged and displayed for collectors eyes.

They might look the same as the circulation coins but the significance lies on the grading and the purpose of the minting.

These coins worth higher than their face values. For example, the Kruger Rands currently worth almost or over R100 000.

What are the circulation coins?

The circulation coins are those coins minted for the purpose of circulation to the general public. That is the coins we use to buy or pay for service with. They only worth their face value. If it is R5 coin, that means its value will be R5.

But here is the catch. Some of these coins may be wanted by collectors because they are bearing the significance of the year they were made. For example, the 1 cent of 1965, the 50 cent and R1 of the same year might worth more than R20 000 currently. However there are factors such as the language on the coin, either Afrikaans or English. These factors make difference in the eyes of collectors thus increasing or decreasing the value of the coin.

Now, watch the video below to see why some coins are more valuable that others. Source: YouTube

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The coins that could make you THOUSANDS

This rare 20c piece made in 1966 with a wavy baseline fault on the number ‘2’ is worth up $2000. The bottom of the ‘2’ is usually straight

Mr Thompson said most people don’t check their coins and pass on rare coins worth thousands of dollars by accident.

Others are keen to inspect every coin in their change jars, which is a process called ‘noodling’.

‘I’ve done it before if I’ve a bag of coins or change jars. If you just spend a bit of time going through them it can certainly pay off,’ he said.

Sometimes coins get clipped during the minting process when the discs are not ejected properly along the conveyor belt during the manufacturing process.

Many people reported finding ‘rabbit ears’ faults on their $1 coin in change

The blank disc can also get double-stamped by the high-pressure die.

‘People don’t expect institutions like the Mint to make mistakes,’ he said.

‘But from time to time things can go awry.  If you see mistakes on a coin, if you have something interesting, odd or out of place, then other people are likely to find it interesting, too – that’s why people collect.’

In 2000 a $1 coin was accidentally stamped with the head die from a 10c piece.

The coin is known as a ‘mule’, as it is the product of two different species of parents.

‘It (the head side) is slightly smaller, so it gives a double-ring effect,’ Mr Thompson said.

‘If you see two rings on your dollar coin, it could be worth a few hundred or up to $4000 in really good condition.’

Mr Thompson said there were about 6000 made, but it was unconfirmed so it was difficult to tell exactly how many might be out there.

A more common $1 variant is ‘rabbit ears’ on the hopping kangaroos, which can make a coin worth up to $30, depending on condition.

SEE MORE COINS

How To Sell Old Coins For R50000

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

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”

Take your coins to one of the following areas

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.

Mandela Coins 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.

Mandela Coins For R275 000 In SA

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.

Click Here to see more details at SA Coin.

Get up to R74,950.00 for the Mandela R5 Coin

Get paid up to R250,000 in cash for an R5 Mandela Coin! Don’t take our word for it, a short search on BidorBuy’s website will show you just how much these coins are selling for right now. Our most recent search on their website found coins selling for up to R250,000 [27 May 2019 – BidorBuy search for “Mandela Coin”]

After the release of the new R5 Mandela Coin, the value of the older Mandela coins is going to be increasing in value. Dozens of South Africans are selling their Mandela Coins and making big money. Join the hundreds of South Africans that are selling Mandela Coins and are getting cash in their pockets overnight

Here we are going to give you a breakdown of the most valuable Mandela Coins that buyers are highly interested in.

The most popular of the Mandela coins are the 90th Birthday Coin. These coins were released in 2008 marks a very special day of Madiba.

The reality is, if one looks at any famous person, any famous piece of art, once they’ve gone, the value of those collectibles go drastically up. They’re not going to be able to make another 90th Mandela coin. It’s just never going to happen again. So now you have a very limited amount of an item, and now that Mr. Mandela is passed, these R5 coins are going to become rarer and rarer. And will just keep going up and up in value.

Where can I sell these Mandela Coins?

The fact that it’s so sought after worldwide, that makes it such a good investment. You must remember that it’s only five rand coin, but it’s already selling for thousands of rands because of the demand. The people really want this coin. There’s only a limited edition that makes it the world first as well to make 5 million coins limited edition. If you can get one that’s untouched, that makes it even rarer. That really makes it a good investment. Percentage-wise, the square has already grown by a couple of million percent in the last two and a half years.

Do you want to sell them? Well, you can make a tiny fortune by selling them today, or you can hold on to them for a while longer and your investment should increase even more. While it is important to note that there is always a risk that the coin might devalue during unforeseen circumstances and politics, and for that reason, some people will rather opt to get rid of them while they know what they are worth.

For more information on selling your coin, click on this link and find out what your specific coin is worth and where to sell it! https://cointrader.co.za/coin-type/sell-mandela-coins

Why are Mandela coins wanted so much?

Well, as we all know, one of the most famous men on the planet, Nelson Mandela, his head is on this coin and that makes this coin very unique and a very special coin. Should you ask all the people on the planet, 7 billion people, should you ask them who is the most famous man, the majority of them would have to say it’s Mr. Nelson Mandela. This makes this coin really, really special. It is the first time in the history of the world that a government minted money to commemorate somebody’s birthday, and this was Mr. Nelson Mandela. He turned 90 years old in 2008, and they only made 5 million of these coins. Our country has got about 46 million people, and people collecting Mandela coins wanted one for their collection, but not everybody could get one. This makes this coin very, very special and sought after. Considering there are about 50 million coin stamp collectors worldwide that is active. Their coin collection is just not complete without a coin like this, which is what makes these Mandela coins wanted.

Another reason that makes these Mandela coins wanted is that when they came out, and they were supposed to be circulated, they simply weren’t. They just disappeared. And any coin that should go into circulation and doesn’t generally creates more value over time, than a mint. Because mint is specifically for an investor. A coin that’s supposed to go in and be five rands and be circulated in the market, and isn’t, creates a totally different environment in terms of what its wealth will be, or it’s worth will be, in time to come. So yeah, that’s really why.

Mandela’s ‘Life of a Legend’ collectable R25, R5, R1 coins released

The R25 (1oz) gold coin represents the year 1994, when Madiba was elected as the first black president of South Africa.

The South African Mint on Wednesday unveiled the last edition in the “Life of a Legend – Nelson Mandela” Protea collectable coin series that pays tribute to the country’s first democratically elected president and global icon’s legacy.

Mandela died at the age of 95 on December 5, 2013, and yet even in death, his legacy and place in history remains imperishable.

The “Life of a Legend – Nelson Mandela” theme was first introduced in 2013 representing a different chapter of Nelson Mandela’s life on each year’s coin issue.

It has over the years chronicled Madiba’s childhood, education, arrival in Johannesburg, his fight for justice, struggle against apartheid’s stranglehold and ultimately his 27-year incarceration, and eventual release from Robben Island.

Tumi Tsehlo, South African Mint’s managing director said: “Mandela’s legacy, the extraordinary lessons he holds for the ages, and the reason why he stands head and shoulders above every leader of his generation, is that he showed the world that the entire edifice of apartheid could be dismantled with gratuitous generosity of heart.

“It is befitting for a man of his stature that his legacy is preserved for posterity just like the gift of democracy. As we mark 25 years of our youthful existence, the South Africa Mint is proud to present these last coins in [the] ‘Life of a Legend’ range.”

The R25 (1oz) gold coin represents the year 1994, when Nelson Mandela was elected as the first black president of a free and democratic South Africa.

The design of the R5 (1/10oz) gold coin features an elderly Madiba and the quotation, “It is in your hands to create a better world for all who live in it – Nelson Mandela”. The denomination, mass and metal value of the coin complete the reverse design of the gold coins.

Both the R1 sterling-silver proof and R1 sterling-silver uncirculated coin depict a smiling Madiba holding his grandchild. A paisley pattern, reminiscent of the shirts he loved to wear, was chosen for this design.

The coins are available individually as well as in a set of three comprising the 1oz and 1/10oz gold coins and the sterling-silver proof coin.

The coins and sets are available from the South African Mint retail store in Centurion, as well as the True Story stores situated in the OR Tambo International and Cape Town Airports respectively.

– African News Agency

Looking For Mandela Coins , Paying Up To R200 000 , See More Here

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.The Coin Company

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 ongoing 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.

Click Here to see the coin company offers.

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.

Take your coins to one of the following areas

Latest News on the Mandela 90th Birthday R5 Coin

SA COIN.net has the largest Mandela 90th Birthday R5 Coin Collection in South Africa or probably the world. All our coins are untouched and un-circulated. So you can be assured of the highest quality Graded and un-graded coins.
Mandela Birthday Coin R5 2008 MS 69 SAcoin

This birthday coin was released on Madiba’s (one of his many nicknames) 90th birthday in 2008. The Mandela Birthday coins are so rare that the value has escalated beyond normal comprehension. Collectors all over the world are scrambling to get a piece of this history. Our order books include many international investors in this very rare beautiful coin.

To ensure you don’t miss this opportunity to own a piece of Mandela’s history and the finest investment you can add to your portfolio feel free to contact us to discuss your needs.
Mandela Birthday Coin R5 2008 MS 69 SACOIN

To help you understand more about this very rare coin use the menu on the left to see the Graded coins we have in stock. For the serious stamp collectors contact us to get your Mandela local and international stamp this will add great value to your collection.

Price R 4500.00

MS66 – (Q) What is this grading? (A) Intermediate grade where a coin may have MS67 surface preservation but MS65 luster would then qualify for a MS66 grade.

“MS” stands for Mint State and 66 is a grade number on a scale of 1 to 70. Mint state coins are coins in the same condition that they were in just after leaving the mint, with no evidence of wear or handling.

How To Sell Mandela R5 Coins Online

Have you been lucky enough to get your hands on a Mandela R5 coin? If so, there is a good chance that you’re eager to transfer it into 5,000 Rand or even more. The Mandela coin is one of the most sought after. Therefore, it is worth a pretty penny. Of course, it is important to understand that there are several different types of R5 Mandela coins and they’re not all equal. Within this comprehensive guide, you will learn all about these coins and how to turn yours into R5000.

Types Of Mandela Coins
Now, you should know that there are several different types of Mandela coins. The biggest differential between them is the time in which they were released to the public. In 2008, the Nelson Mandela 90th birthday coin was released. Today, this is considered to be one of the rarest coins of all. As the name implies, this coin celebrates Mandela’s 90th birthday. The 2000 Millennium Coin is also very rare. This coin was released as a way to show respect to Mandela when he retired as State President. The 1994 Inauguration coin celebrates Mandela’s inauguration as President.

How Much Is The 2008 Mandela 5 Rand Coin Worth?
Want to know how much is the 2008 Mandela 5 Rand coin worth? Well, keep reading.

If you’re really, really lucky, you’ll be able to get your hands on a 2008 Mandela 5 Rand Coin. As mentioned above, this is the rarest of Mandela coins and it tends to be more valuable. The bi-metallic coins feature the bust of Nelson Mandela, as well as the national arms of South Africa. In the early days, these coins weren’t worth a whole lot. In fact, before the passing of Mandela, it would have been possible to purchase one of these coins for five to fifteen dollars. This has changed significantly.

Value Of Mandela R5 Coin After His Death
As mentioned above, the Mandela R5 Coin’s value soared to new heights after the President’s death. Today, this coin is considered to be the most valuable Mandela coin of all. Several years ago, three of these coins sold for R100,000 or $10,000 each. Today, the coins may be worth even more. As long as you do your research and find the right buyer, there is a good chance that you’ll be able to make a bundle.

Where To Sell Mandela Coins
If you are loaded down with Mandela R5 coins, you will be happy to learn that there are a variety of places that you can get rid of them. Of course, you have the option of using eBay and other online auction sites, which are great because individuals from around the globe can literally go through bidding wars over your coins. While this might offer the highest prices, if you don’t have the time to wait around for individuals to go through a bidding war, you have other options as well. One of these options could be selling to a coin company.

As you already know, all Mandela coins are worth something. Nevertheless, it is the 2008 Mandela 5 Rand coin that takes the top spot. This coin is incredibly valuable. Just remember to use some caution when attempting to sell your coin. Make sure that you choose a reputable dealer and be sure that you get top dollar for the coin!

Where To Sell Mandela Coins

Have you been lucky enough to get your hands on a Mandela R5 coin? If so, there is a good chance that you’re eager to transfer it into 5,000 Rand or even more. The Mandela coin is one of the most sought after. Therefore, it is worth a pretty penny. Of course, it is important to understand that there are several different types of R5 Mandela coins and they’re not all equal. Within this comprehensive guide, you will learn all about these coins and how to turn yours into R5000.

Types Of Mandela Coins

Now, you should know that there are several different types of Mandela coins. The biggest differential between them is the time in which they were released to the public. In 2008, the Nelson Mandela 90th birthday coin was released. Today, this is considered to be one of the rarest coins of all. As the name implies, this coin celebrates Mandela’s 90th birthday. The 2000 Millennium Coin is also very rare. This coin was released as a way to show respect to Mandela when he retired as State President. The 1994 Inauguration coin celebrates Mandela’s inauguration as President.

How Much Is The 2008 Mandela 5 Rand Coin Worth?

Want to know how much is the 2008 Mandela 5 Rand coin worthWell, keep reading.

If you’re really, really lucky, you’ll be able to get your hands on a 2008 Mandela 5 Rand Coin. As mentioned above, this is the rarest of Mandela coins and it tends to be more valuable. The bi-metallic coins feature the bust of Nelson Mandela, as well as the national arms of South Africa. In the early days, these coins weren’t worth a whole lot. In fact, before the passing of Mandela, it would have been possible to purchase one of these coins for five to fifteen dollars. This has changed significantly.

Value Of Mandela R5 Coin After His Death

As mentioned above, the Mandela R5 Coin’s value soared to new heights after the President’s death. Today, this coin is considered to be the most valuable Mandela coin of all. Several years ago, three of these coins sold for R100,000 or $10,000 each. Today, the coins may be worth even more. As long as you do your research and find the right buyer, there is a good chance that you’ll be able to make a bundle.

Where To Sell Mandela Coins

If you are loaded down with Mandela R5 coins, you will be happy to learn that there are a variety of places that you can get rid of them. Of course, you have the option of using eBay and other online auction sites, which are great because individuals from around the globe can literally go through bidding wars over your coins. While this might offer the highest prices, if you don’t have the time to wait around for individuals to go through a bidding war, you have other options as well. One of these options could be selling to a coin company.

As you already know, all Mandela coins are worth something. Nevertheless, it is the 2008 Mandela 5 Rand coin that takes the top spot. This coin is incredibly valuable. Just remember to use some caution when attempting to sell your coin. Make sure that you choose a reputable dealer and be sure that you get top dollar for the coin!