While everyone seems to be delving into cryptocurrencies during the past few years, there is still money to be made with conventional money. In fact, there are some rare coins that can be worth a pretty penny. The Mandelacoin is a South African R5 coin, which features the face of Nelson Mandela. As you should already know, Mandela was the South African President from 1994 to 1999. Depending on the specific Mandela coin that you have, it could be worth as much as a million rand. This guide will teach you how to sell your Mandela coins for once and all.
In reality, there are plenty of great places to sell Mandela coins, but some are riskier than others. First and foremost, you may want to consider visiting your local flea market. There, you will be able to find tons of individuals who are interested in rare coins. You can also try auction websites. Unfortunately, both of these options are limited and a little risky. Don’t expect to get top dollar prices from these locations. If you really want to get the most out of your Mandela coins, you should visit Cointrader.co.za. The website has gained a great reputation and they offer reasonable prices for the rarest Mandelacoin on the planet.
So, why would anyone want to sell Mandelacoins in the first place? The answer should be obvious. These coins can be worth a lot of money. Nevertheless, you must understand that some versions are worth a great deal more than others. At the same time, it is pertinent to understand that the condition of the coin can make a big difference. If it is tarnished and in poor condition, you can expect to get a lot less out of your coin. If it is in mint condition, it’ll sell for far more.
Take the 2004 R5 Mandela coin as an example, this coin can sell for as much as R5 000. Some coins are worth much more. The 1994 Inauguration R5 coin has been known to sell for as much as R10 000. If you’ve got a Mandela coin or two sitting around your home, you’re really sitting on a gold mine!
Beware Of Scams When Selling Your R5 MandelaCoins
Unfortunately, there are a lot of scammers out there and they want to make money. These individuals want to pay nothing for your Mandelacoins, so they can make all of the money for themselves. This is something that you’ll need to protect yourself from when dealing with Mandela coins. As mentioned above, it is possible to sell Mandela coins at local flea markets and on online auction websites. Just be cautious! Do your research and make sure that you’re dealing with a trustworthy individual. Also, make sure that you’re getting a fair price for your coin.
With a little bit of caution, you’ll be able to sell your coin and get a reasonable price.
The largest and most respected organisation of professional coin dealers is called PNG (Professional Numismatists Guild) and ICTA (Industry Council for Tangible Assets). They look over the coin market and make sure dealers around the world know about the differences in between grading companies.PNG releases surveys of the biggest grading companies.
As you can see on the table produced by PNG, NGG and PCGS emerge as the top graders in the world.