A lot of people have been emailing me asking me about how to sell RSA old coins. Here are few ways you can sell your old coins for cash.
Firstly you have to make make sure that it is a wanted coin.
Secondly, you have to research for price value of the coin before you sell it cheaply.
There has been a report that one of Mandela R5 coin have been sold for over R2 million rand overseas. But what does this mean? Does it mean that all Mandela coins sell for R2 million? No, that was then and it was sold in an auction to the highest bidder.
At the moment some online coin buyers are buying the Mandela coins for amounts less than R2000. If you sell it with the higher amount, consider yourself lucky.
With the sale of the finest known rare Mandela Proof Inauguration for R750 000 there is a vacuum that exists between the one finest known specimen and the second finest known specimens in Proof-69 condition. Only 216 of these coins have been graded by PCGS and NGC. They are currently selling at R45 000 a coin and are a steal at that price. By then end of the year these coins should be selling with ease at around R100 000. You do not have to be a rocket scientist to work out that if a PF-70 sold for the price of R750 000 and there is only one, that with a ratio of 1-216 that the coins are very, very undervalued at R45 000.
This is the one and only specimen of the rare Inauguration R5 proof coins to be graded PF-70 or perfect. The coin was sold for US $99,337 or R750 000. We expect this coin to be valued at around R1.5 million by the end of the year and over R2 million by the end of 2009. The reverse or tails side of the world’s fastest appreciating rare coin in all of history. The coin as you can see is breathtakingly beautiful and absolutely flawless.
Every single time that there is a sale of a finest known in the country and this is then widely reported it alters the very architecture and the fabric of the entire world market. The most direct effect of the sale of a finest known coin is upon the coins of its very own type and grade. There will be intense focus by the media and also the public at large on all of the Proof Mandela R5 Inauguration coins once this article is placed onto our site and also released to the world media. New investors and collectors that contact our corporation will soon learn that there is only one of the PF-70 coins that sold and that it is not available for purchase they will then start to snap up the PF-69’s that are on the market. With there being only 216 of them worldwide the pressure that will be placed on these coins will be immense. Do not miss the opportunity to place a number of these into your portfolio if you do not have any. They will not be available on the market for long.
Nelson Mandela leaves the InterContinental Hotel after a photo shoot with celebrity photographer Terry O’Neil on June 26, 2008 in London, England. Mandela is in London in advance of the 46664 concert being held at Hyde Park on Friday the 27th June to celebrate Nelson Mandela’s 90th Birthday.