How to Make Money Finding and Selling Old Vintage or Classic Cars

Selling classic cars is a hobby or business many people practice today. From classic car collectors to enthusiasts, classic cars have an inherent charm and enduring popularity which make them in demand even several decades after they have been manufactured. If you are looking into getting into the business of buying and selling classic cars, then here are the steps on how to succeed in doing so.

This is Ford Escort MK1. The Ford Escort Mk1 is perhaps Ford’s single largest success outside of the United States, over 2 million were built between 1968 and 1975, and the name still carries significant weight in the UK and much of Europe. One of the most wanted classic cars good for restoration, also used on the Fast and furious movies, so it is a special thing.

1.Know Where to Look for Classic Cars
You can look for classic cars which are in good condition or you can look for classic cars which need some restoration. Some of the places you can go for great bargains are eBay and other online car dealerships and online classifieds. You can also check newspaper listings, car magazines and online classic car forums. These usually have numerous listings of all kinds of classic cars with different conditions. As you look at cars to buy, make sure to read all the given details and specifications which could help you assess their value.

 

2.Assess Any Necessary Repair and Restoration Work
Once you buy a classic car, you need to determine what kind of repairs or restoration are necessary. Send the car off to a classic car restoration expert so that its original appeal and beauty can be brought back. Although the cost of restoration can be hefty, you should be able to get it all back when you sell the car, since a well-restored classic car can be sold for a good price.

The VW Split Windows were built from the 50s until the 60s. The are one of the most wanted classic cars in South Africa, if you have it, no matter how rusted it is, even without an engine, you can bargain it for R100 000.

 

3.Get Manufacturer and the Model Information
Make sure that you are an expert on the vehicle you have as well as the company that made it. Read historical books on the manufacturer, along with books and documents about the specific make of your car. You can also obtain information from classic car clubs, as well as a list of other individuals who own similar vehicles.

Make use of the VIN code to tell what series it was or what type of model it is, such as if it was a limited edition or not. Add this information to the original paperwork of the car and its original maintenance manual, if you have them. Classic car buyers usually love to find out all about the history of a car before they buy it.

 

4.Research Market Trends
Compare your classic car to others and make use of classic car appraisal guides. You can also have your classic car evaluated by a qualified and professional appraiser. From this, you can establish your asking price and the lowest price that you are willing to let it go for.

Add up the expenses of purchase and restoration and factor them in to your selling price.

 

 

5.Prepare a Good Marketing Scheme
This is the most important thing you should have in order to get top dollar from the sale of your classic car. Study the current market and create a profile of your target market. Study current advertisements to get ideas on how you can market your classic car. Create signs and promotional packets with pictures, detailed descriptions and specifications of the car, location and the price.

 

6.Prepare the Car for the Buyer’s Inspection
Have the car cleaned and polished, inside and out. Park the car in an appealing area, where its features will stand out. Make sure you have tools handy such as a flash light, screwdrivers, adjustable wrench, pliers and a rag. Create a list of the known mechanical problems of the car and how much it would cost to have them repaired. Have a copy of the promotional packet you made to provide to prospective buyers.

 

So, start looking for classic cars and made a business out of things that some consider unwanted.

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 Get Forex Trading Course for Beginners in South Africa

How to Get Forex Trading Course for Beginners in South Africa

A lot of people are claiming to be making a lot of money with forex trading in recent years in South Africa. One could not afford to miss such kind on a lifetime opportunity. But does it come free or that easily? Of course not, for one to begin trading forex, they need intense training.

They always say forex is risky, yes it is risky because it involves real money. Without sufficient training on forex, you might loose a lot of money by entering a trade that could result in a loss.

So, for one to execute the forex business successfully, an intense training is required.

There are companies and individuals running forex training in South Africa. Some are national and some are regional.

When you choose a training provider you must first look for the following:

*Make sure they are a legit registered entity

*Make sure you physically know their operational site or office.

*Make sure that at least you know some people who has already undergone for training in those facilities.

*Also make sure that they are not fly-by-nights

Here are some of the websites of companies conducting forex training in South Africa.

www.globalforexinstitute.co.za

www.forex-training.co.za

Was this information useful for you, if yes please share on social networks, your friends might just need it.

NB: Forex is risky, don’t enter trading without good training.

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.

The Benefits of Collecting and Selling Coins Including Mandela Coins

Coin collecting can start as a hobby and become a very smart way of creating an investment. When investing in rare coins, it can provide a significant medium to long-term benefit. The value of a coin is related to the difficulty to obtain a coin and the demand is generated for that specific coin. Generally, the rarer the coin, the greater the value. The world’s rarest coin is the South African “Single 9” that was minted in 1899.
Nelson Mandela coins are welcome addition to any coin enthusiast’s collection.
All Nelson Mandela coins were produced by the South African Mint.
For a Nelson Mandela Coin to have value, the following requirements are needed:
1. Coin must be uncirculated , Mint State or Proof (Untouched)
2. Graded by International grading companies (Only NGC or PCGS)
3. Certificate of Purchase with name of purchaser.


These are the different options when purchasing PROOF Nelson Mandela Coins. Be aware that Proof coins are different from Mint State Coins.

1994 Inauguration Coin.
2000 Millennium Nelson Mandela Coin.
2008 Nelson Mandela 90th Birthday Coin.
The 1994 Inauguration R5 Coin in both Mint State (MS) and Proof (PF) issue to coincide with the inauguration of President Nelson Mandela in 1994 is by far the rarest and most difficult to come by either MS or Proof.
The 2000 Nelson Mandela Millennium Coins Mint State and Proof were minted in respect to Nelson Mandela on his retirement as State President and they are also very rare.
In 2008 a new R5 coin bearing his head was issued to celebrate his 90th Birthday in July 2008. This had never been done in the history of the SA MINT that two R5 coins were issued with the ex-presidents bust on them.

 

Our Goal is to help you build coin collections and coin portfolios. Remember No Capital Gains Tax or other taxes are payable on resale of Mandela coins, as well as No Estate duties are payable.
The Coin Company specialises in Mandela Coins and other rare collectable coins. We have a collective 30 years of experience in rare coins and as such will provide you, with the knowledge to make the best decision for the ultimate unique portfolio. It is never too late to start and your collection can only grow in value as time passes by. Our mission is to offer assistance and advice to all our clients, either entering the coin market for the first time or to established coin collectors.

Please take a look at the picture below showing MINT STATE (MS) coins so you can see the difference with the Proof coins.
Not all the MS Nelson Mandela Coins should be purchased as an investment, some of these coins are not rare because of the high number of coins available. Our brokers can give you the best advise.
The 2008 Nelson Mandela MS69 is the finest known of all. There are only 11 of these coins and was sold in 2011 for over 2.5 million. The MS68 is also a very rare coin. NGC only records 56 of these coins.
If you have specific interest in making a large investment with these coins contact us by phone.
2008 - 2000 - 1994 Proof_Nelson_Mandela
We are excited to announce that World Coin News confirms this year that rare R5 Nelson Mandela coins are the fastest appreciating rare coins in the world!

Sources: TheCoinCompany

SA Coin

Golf GTI Unique and Beautiful Colours: Which One is Your Favotire

The 2017 Volkswagen Golf GTI has been getting a lot of attention recently, and the attention is definitely well-deserved. The compact hatchback offers has a sporty styling and fun-to-drive attitude that provides drivers with the best possible driving experience. It also has a variety of exterior color options and two high-quality interior seating options so drivers can customize their 2017 Golf GTI to their liking.

2017 Volkswagen Golf GTI exterior color options

The 2017 Volkswagen Golf GTI comes in four trim levels: S, 4-Door Sport, SE and Autobahn. Each trim level has six exterior color options for drivers to choose from. Take a look below and let us know in the comments which exterior color option you like the best!

Which one would be your favorite GTI colour? Do you like the 2017 GTI interior look. Give us some comment below and share this beauty of social networks.

 

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

 

5 Common Forex Trading Mistakes That You Must Avoid: No 5 Is The Worst Mistake

 

5 Common Forex Trading Mistakes That You Must Avoid: No 5 Is The Worst Mistake

 

A lot of people rushes into forex without noticing the mistakes that could be avoided. Here are some of the mistakes that traders do and how to avoid them when trading forex. Read carefully so that in your next trade you will avoid making the mistakes.

1. No trading plan

Experienced traders know their exact entry and exit points, amount of capital to be invested in the trade, and the maximum loss they are willing to take. Novice traders may be unlikely to have a trading strategy in place before they start trading. Even if they have a plan prepared, they are more inclined to abandon it, if things are not going their way.

2. Pre-Positioning for News

FX Calendar is a very good tool to collect information on what is going on on the market. Though keep in mind, that even if you are fairly confident in what news will move on the market, you can really predict how the market will respond to the expected announcement. Quite often, there are complementary figures or indications provided that can make moves irrationally.

3. Trading Right after News

Wait for volatility of the announced news to become less intense and really develop a definitive trend. By following this advice you will manage your risks more effectively having more stable direction and no liquidity concerns.
4. Averaging Down

There are several problems connected with averaging down. The main one is that losing position which is being held is a voluntary money and time sacrifice. Remember that a larger return is required on remaining capital to get back your lost one. Averaging down might work occasionally, but mostly it is leading to inevitable losses, as a trend can maintain itself longer than you will stay liquid. Trade opportunities must be realized when they occur, and poor trades must be exited quickly.

 

5.Risking More Than 1% of Capital
Excessive risk does not equal excessive returns. Almost all traders who risk large amounts of capital on single trades will eventually lose in the long run. A common rule is that a trader should risk (in terms of the difference between entry and stop price) no more than 1% of capital on any single trade. Professional traders will often risk far less than 1% of capital.

How Sandile Shezi Made Millions at the Age of 24

How Sandile Shezi Made Millions at the Age of 24

At the age of 23, Sandile Shezi’s rise as a South African foreign currency investor and the country’s newest and youngest multimillionaire was not instantaneous. He started humbly in his hometown of Durban, selling muffins at his high school, but he always had big business dreams in the back of mind.

Shezi’s knack for seeing good ideas in unexpected places led him to selling clothes door-to-door, where he learned the ins and outs of business savvy and how to use rejection as extra motivation. Shezi had to drop out of university to keep his business going – which despite his success he still regrets, especially disappointing his parents who, as teachers, taught him the importance of a full education.

Soon, after reading about forex trading, Shezi took a chance, investing the remainder of his university tuition money into the heady, competitive world of online investing. With a natural inclination towards numbers and their patterns, and more than little common sense, Shezi soon saw success in the stock market game.

Global forex is the largest financial market in the world, trading non-stop from Beijing to London and New York around the clock, with over US$4-trillion changing hands every day on volatile and risky currency markets. With most trading done by banks and big corporations, it takes guts, skill and a bit of luck to tackle the market as an single investor.

Shezi admits that investment is risky, but with the right mindset and a little training in what to look for in the markets, anyone can do it. He calls South African mining and media magnate Sandile Zungu his business hero, who similarly began his career as a young risk-taker. “If he could do it, why can’t I?” Shezi says.

After conquering the investment world, Shezi decided to use his good fortune to give back to the community, particularly young South Africans with big dreams but no access to resources.

He founded the Global Forex Institute with the aim of recognising and mentoring notable young talent for the world of business, as well as teaching the skills needed to tackle the international stock market. “It’s about …making them understand when is the right time to buy, when is the right time to sell and how do you go about avoiding losing your capital,” Shezi told CCTV. “I want to make sure the masses know about trading.”

The Global Forex Institute is the only company in South Africa that provides foreign exchange training for free as a way to create employment and entrepreneurial opportunities for young people.

Shezi says in a country like South Africa, with high unemployment but a strong sense of entrepreneurship and natural business wisdom, people should be encouraged to follow their gut feelings and take risks when they have the right knowledge and ability.

Trading may not be the easiest or safest way to make a living, but investment skills and the ability to see the big picture can help in any business, large or small. His company offers free classes for prospective businesspeople and beginners looking to try their luck at investing.

So what’s next for this South African success story? In addition to his company and business education interests, Shezi wants to teach all South Africans about good money management and invest in the country’s unique businesses.

Humble in his success, Shezi says he is just a person who saw an opportunity and took a chance. Anyone, he says, can do it.

Why is Sandile Shezi Known as One of South Africa’s Youngest Millionaires

From his early beginnings selling muffins in high school (something he was laughed at for), to trading in all the money that was supposed to be for his education, Shezi has made a big move that has turned him into a businessman and millionaire.

Shezi took a risky move and became the youngest millionaire in South Africa, namely: Forex trading, an over-the-counter market in which the currencies of the world are traded. He was raised by both parents (teachers) and is from an ‘average Joe’ family.

Forex Trading, Making Money On The Internet

“Inside every rich man is a poor kid that followed his dreams,” he says on his Facebook account
He grew up in the same Durban township as his role model Sandile Zungu. Zungu, who is the executive chairman of Zungu Investments Company Limited, did a program in global leadership at the prestigious Harvard university. “If he can do it, why can’t I?” Shezi said during an interview with CCTV Africa.

“It is not a lot of young people who can make it out of this township and do well for themselves.”

 According to a News24 interview, Shezi mentioned that after selling muffins he started selling clothes, which he says taught him a lot about business and handling rejection, as it was a door-to-door sales. He decided to drop out of university during his third year to trade full time, without his parents knowing. He mentions that his parents at the time were disappointed with him for dropping out, but he did it to pursue his dreams, and now they remain fully supportive of him.

“People always say Sandile you are such an inspiration, who inspires you? [My answer] Poverty…”

Look at his cars:

He is now the co-owner and founder of the Global Forex Institute which aims at providing affordable, effective Forex training that works, to the masses. Global Forex Institute empowers the mass on doing the same thing that he did and educating them about Forex.

Source: News24