Creative Uses of The Mandela Coin

Mandela R5 Coin Bracelet

Collectors of the Mandela coins are becoming more creative with the coins. We have learnt recently about bracelets made from the Mandela R5 coin.

Why these Mandela R5 Coins?

As described in Wikipedia, Nelson Rolihlahla Mandela was a South African anti-apartheid revolutionary, political leader, and philanthropist who served as President of South Africa from 1994 to 1999. He was the country’s first black head of state and the first elected in a fully representative democratic election.

SA Mint explains about 2018 Mandela coins. The bimetallic R5 circulation coin is central to this range, enabling the South African public and coin collectors to celebrate the centenary year of Mandela’s birth. The coin goes into circulation in July 2018, the month in which Mandela was born.

Even now that Nelson Mandela has passed on, his legacy still lives. People wants to remember him in their own unique way. Some collects his portraits, some collect his coins which was especially made for collection purpose. But recently, we have seen collectors collecting the circulating coins for different purposes.

From the image above you can see the creativity on the bracelet using the 90th Mandela birthday R5 coin.

Do you still have the Mandela Coins?

See more from the links below to find out how and where to sell the coins.

Sell Mandela Coins

5 Places to Sell Mandela Coins Today

Mandela Coin Sold for R750 000

Mandela 90th Birthday R5 Coin: How Much it Worthed

Areas to Sell Mandela Coins

What is Kruger Rand? Learn More

How to Invest in The Coin Collection Business

Why Investors are Collecting/Buying Coins? Read More…

Read This Before Selling Your Coins

Understand What Kruger Rand is and The Value

Earn Free Money

Sell Griqua R5 Coin

Most Wanted Old SA Coins

Graded vs Non-Graded Coins

New 2018 Mandela Coin

Mandela Gold Coins Special Edition

Sell Mandela Coins via Whatsapp

1965 Coins Paying up to R30 000

Don’t Sell Your Mandela Coin Untill You Read This Article

Do you still have Mandela coin? Do you want to sell it? Read this article to understand the background of the Mandela coins.

In 2007 a rare Mandela proof R5 coin, minted in 2000, sold for R200 000 ($26 300). According to rare coin dealer SA Coin, this is one of only three coins in existence in such a perfect proof condition, and the value of these coins has increased by 4.4-million percent over the last seven years. SA Coin attributes this to the fact that Mandela is such a well-loved figure all over the world.

Security measures

The original R5 coin, which was part of a new South African coin series proposed in 1989, featured a black wildebeest, or white-tailed gnu, on the reverse. The black wildebeest is indigenous to Southern Africa and is one of two gnu species found here, the other being the blue wildebeest.

 

However, the first R5 coins were only minted in 1994, the year of the first democratic elections held in South Africa. Two R5 coins were released in that year, one to commemorate the inauguration of Nelson Mandela as president and one featuring the black wildebeest. The original R5 coins were made of nickel-plated copper.

 

The R5 coin in circulation today is South Africa’s first bi-metal coin and was introduced in 2004 after extensive counterfeiting of the previous version. The new coin, which also features the coat of arms and the black wildebeest, has a number of built-in security features, among them a security groove on the rim of the coin, serrations on both sides of the security groove, the term “SARB 5” written 10 times around the security groove and “SARB” written 57 times in micro lettering on the reverse of the coin.

 

Since 1996 the words “South Africa” have been written on the obverse in all 11 official languages on an annual rotating basis.

The old R5 coin is still legal tender but is being phased out over time.

How Much is The 90th Birthday Mandela Coin

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.

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

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 coin.

Sell Mandela Coins on BirOrBuy

Sell Mandela Coins on BirOrBuy

A lot of people are selling their Mandela coins on bidorbuy. Make an offer, upload your coins on the website and maybe you may find the buyer. All you need to do to sell your Mandela coins is to go to bidorbuy website.

 

Learn more about bidorbuy

 

bidorbuy has created a safe and convenient way for people to buy and sell virtually anything online at a fixed price or in an auction format.

 

Established in 1999, bidorbuy has grown to become one of South Africa’s foremost online shopping destinations. The growth is both in terms of user base and in terms of the range and number of products on offer. bidorbuy has withstood the hardest test of them all, the test of time, to prove its viability and usefulness in the South African ecommerce landscape.

 

About bidorbuy

bidorbuy is a perfect solution for selling with the help of sophisticated ecommerce tools and with a minimum of investment. bidorbuy offers great exposure to vendors as it is open for trading 24 hours a day, 7 days a week.

 

As a result of bidorbuy’s effective marketing campaigns, goods on the site are exposed to a high volume of traffic. That is why bidorbuy is attracting a variety of sellers, from independent entrepreneurs to larger online retailers.

Learn how to sell on bidorbuy Multichannel with bidorbuy and uAfrica 

Source: Bidorbuy

1965 Coins Pays Up to R30 000

1965 Coins Pays Up to R30 000

If you  are in the coin collection business you have to know the value of the coins you are collecting. It is also important to compare buyers bids before you let your coin out. You can make more money by selling old South African coins at the coin shops.

Here are some valuable information to know about coins from 1965 to 2014

Only the items listed for the period 1965 and later have value due to their low mintage. Items not listed have no value due to their large mintages.

For more detailed values we recommend you purchase catalogues and contact dealers directly. Choice and better quality items and scarce dates could be worth substantially more subject to viewing and grading.

Coins from 1965 Pays Up to R30 000



Should you require an offer to purchase, kindly arrange for an appointment or alternately fax, email or post an inventory list to us.

Indicative values for circulated coins.
Better prices are paid for CHOICE QUALITY.
Damaged coins are worth less

Coin Description ( Size / Weight )
Year of Coin

Source: RandCoin

You may also read

How to Sell Mandela Coins 

Wanted coins selling for up to R20 000

Sell These Old Coins via WhatsApp: Some Sells for R20 000

Sell These Old Coins via WhatsApp: Some Sells for R20 000

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. And you can sell these coins via WhatsApp. Get more details via WhatsApp on how much you can sell your vintage South African coins. Also find the place where you can go and sell your coin in person here in South Africa.

Please note the year and language listed on the coin. Some coins are valuable and some worth nothing at all. There are special coins that are the most wanted and buyers are willing to pay the highest price.

See more below…

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

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

The New 2018 Mandela Coin

The South African Mint, a subsidiary of the South African Reserve Bank (Sarb) announced the launch of two new limited edition coins which pay tribute to struggle icon and former president, Nelson Mandela. The new 2018 Mandela Coin.

The new coins serve as a commemoration of Mandela’s legacy and what he stood for during the Apartheid era.

Notably, 2018 marks exactly a century since the birth of Mandela and the Mint aims to celebrate this milestone.

The two coins are visibly different in appearance, the one coin being bronze while the other is sterling silver.

The R50 bronze coin also depicts Mandela in his youth as a young lawyer while the R50 sterling silver coin portrays him as SA’s first democratic President.

 

Pricing of The New 2018 Mandela Coin

The bronze alloy coin is priced at R127 and tells its own tale, says Tumi Tsehlo, MD, South African Mint.

“Pricing the coin was a conscious tribute to Nelson Mandela’s legacy and our way of paying it forward. To celebrate 100 years since the birth of Mandela, and in remembrance of the 27 long and lonely years, he spent in prison, the entry-level bronze alloy coin is priced at R127.

With every coin purchased, R27 (VAT-free) will be donated to the Nelson Mandela Foundation”.

Notably, the two coins are also the second installation in the “Celebrating South Africa” theme. The first installation being the 2017 OR Tambo Centenary range.

According to the SA Mint, the series serves to educate individuals on SA’s struggle icons.

“South Africans must never forget her heroes who stood up and against injustice and inequality to usher a new era of freedom and democracy. We hope their stories will continue to be told and heard every time someone holds a Madiba or Tambo commemorative coin,” adds Tsehlo.

“Collectability is a function of craftsmanship, quality and theme amongst other personal preferences. The Mandela series no doubt ticks all the boxes and will be an amazing addition to any collection, not only because of its design but also because of the enduring value of the theme.”

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

The coins can be purchased for the South African Mint’s retail store in Centurion, Elegance Jewellers in Melrose Arch and various pop-up stores in malls around South Africa.

Tselo added that they will be announcing new products in the Mandela Centenary range.

Where can you buy and sell Mandela Coins in South Africa

Source: IOL

What is Bitcoin and How Does it Work

What is Bitcoin and How Does it Work

Bitcoin explained, what it is, who created it and what it is used for. This information was sourced from Coindesk.

 

What is Bitcoin

To cut through some of the confusion surrounding bitcoin, we need to separate it into two components. On the one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept – sort of like a virtual IOU. On the other hand, you have bitcoin-the-protocol, a distributed network that maintains a ledger of balances of bitcoin-the-token. Both are referred to as “bitcoin.”

What is Bitcoin
What is Bitcoin

The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Bitcoins aren’t printed, like dollars or euros – they’re produced by computers all around the world, using free software.

It was the first example of what we today call cryptocurrencies, a growing asset class that shares some characteristics of traditional currencies, with verification based on cryptography.

 

Who created it?

A pseudonymous software developer going by the name of Satoshi Nakamoto proposed bitcoin in 2008, as an electronic payment system based on mathematical proof. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way.

To this day, no-one knows who Satoshi Nakamoto really is.

 

In what ways is it different from traditional currencies?

Bitcoin can be used to pay for things electronically, if both parties are willing. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.

 

But it differs from fiat digital currencies in several important ways:

 

1 – Decentralization

Bitcoin’s most important characteristic is that it is decentralized. No single institution controls the bitcoin network. It is maintained by a group of volunteer coders, and run by an open network of dedicated computers spread around the world. This attracts individuals and groups that are uncomfortable with the control that banks or government institutions have over their money.

Bitcoin solves the “double spending problem” of electronic currencies (in which digital assets can easily be copied and re-used) through an ingenious combination of cryptography and economic incentives. In electronic fiat currencies, this function is fulfilled by banks, which gives them control over the traditional system. With bitcoin, the integrity of the transactions is maintained by a distributed and open network, owned by no-one.

 

2 – Limited supply

Fiat currencies (dollars, euros, yen, etc.) have an unlimited supply – central banks can issue as many as they want, and can attempt to manipulate a currency’s value relative to others. Holders of the currency (and especially citizens with little alternative) bear the cost.

With bitcoin, on the other hand, the supply is tightly controlled by the underlying algorithm. A small number of new bitcoins trickle out every hour, and will continue to do so at a diminishing rate until a maximum of 21 million has been reached. This makes bitcoin more attractive as an asset – in theory, if demand grows and the supply remains the same, the value will increase.

 

3 – Pseudonymity

While senders of traditional electronic payments are usually identified (for verification purposes, and to comply with anti-money laundering and other legislation), users of bitcoin in theory operate in semi-anonymity. Since there is no central “validator,” users do not need to identify themselves when sending bitcoin to another user. When a transaction request is submitted, the protocol checks all previous transactions to confirm that the sender has the necessary bitcoin as well as the authority to send them. The system does not need to know his or her identity.

In practice, each user is identified by the address of his or her wallet. Transactions can, with some effort, be tracked this way. Also, law enforcement has developed methods to identify users if necessary.

Furthermore, most exchanges are required by law to perform identity checks on their customers before they are allowed to buy or sell bitcoin, facilitating another way that bitcoin usage can be tracked. Since the network is transparent, the progress of a particular transaction is visible to all.

This makes bitcoin not an ideal currency for criminals, terrorists or money-launderers.

 

4 – Immutability

Bitcoin transactions cannot be reversed, unlike electronic fiat transactions.

This is because there is no central “adjudicator” that can say “ok, return the money.” If a transaction is recorded on the network, and if more than an hour has passed, it is impossible to modify.

While this may disquiet some, it does mean that any transaction on the bitcoin network cannot be tampered with.

 

5 – Divisibility

The smallest unit of a bitcoin is called a satoshi. It is one hundred millionth of a bitcoin (0.00000001) – at today’s prices, about one hundredth of a cent. This could conceivably enable microtransactions that traditional electronic money cannot.

 

6 – Where to buy Bitcoins

How do I sign up?

Sign up for Luno and get ZAR 10.00 worth of Bitcoin when you buy or sell ZAR 500.00 (exchange excluded), using Luno’s Website.

Buy Bitcoins

Sell Bitcoins

Source: Coindesk

The Difference Between The Graded and Non-Graded Mandela Coins

The coins that have value are those that are graded by the grading companies, so you must know and be able to differentiate between the graded and non-graded Mandela coins.

Grading Companies
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.

For this reason The Coin Company only deals with NGC and PCGS coins. All our Nelson Mandela Coins, Nelson Mandela 90th Birthday R5, 2000 Nelson Mandela Millennium R5 and 1994 Presidential Inauguration R5 are NGG or PCGS graded.

BE AWARE!! Do not buy any coins that are not graded by PCGS or NGC. Nelson Mandela coins without grading have no other value than the one they represent.

ANACS grading came into being as an arm of the American Numismatic Association, the world’s largest coin club. In 1990 after ANA sold its grading service to Amos Press of Sidney, Ohio, it ranked “average” in the PNG (Professional Numismatists Guild) and ICTA (Industry Council for Tangible Assets) report for grading accuracy. For this reason we don’t deal with ANACS coins.

Online Gamblers and Operators in SA Might Be Jailed 10 Years or Fined up to R10 Million

You may not know it, but online gambling is illegal in South Africa. Nevertheless, it’s a booming industry that is hitting licensed casinos hard.

The National Gambling Act of 2004 bans all “interactive” online casinos and games such as poker and bingo.

Numerous online gambling sites exist and some estimates suggest that tens of thousands of South Africans have active accounts.

The most popular online gaming platform in South Africa is Costa Rica-based “Realtime Gaming”.

Online gambling represents a massive loss in tax revenue and has the potential to slash visits to “land based” casinos. Online gambling in Europe, where it’s legal, has caused casino visits to fall by 20 percent.

Casino and horse-racing revenue fell by 0.6 percent in 2014. According to the National Gambling Board, gambling revenue totalled R21.8 billion while the industry paid R2.2 billion in tax.

Gamblers and operators face a maximum penalty of R10 million and/or 10 years in jail.

 

Source: 702

See other legal ways to make Money Online in South Africa

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.

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 articles:

 

List of Wanted South African Coins Paying up to R20 000

List of Wanted South African Coins Paying up to R20 000

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.

 

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

 

How to Invest in Coin Collection Business

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.

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.

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

Here is a history of how Mandela coins have been sold for R275 000. You can find areas to buy and sell vintage coins including Mandela graded un-circulated 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. 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.

 

You may also read the following:

Sell Mandela Coins on BirOrBuy

Coins from 1965 Pays Up to R30 000

WhatsApp: Some Sells for R20 000

The New 2018 Mandela Coin

Places to Buy and Sell Bitcoins in South Africa: Open A Free Account

 

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.

More details at SA Coin.

 

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.

 

You may also read the following:

Watch The Video