The New Krugerrand Available But Limited: Get Your Krugerrand When it is still available

On the 50th anniversary of the Krugerrand, the South African Mint Company (SA Mint) is celebrating the universally recognised gold bullion coin with a new fine silver and platinum range, as well as new sizes in the traditional gold range.

Krugerrand Buyers in South Africa

The collectable Krugerrand range is issued in limited quantities, bearing the characteristic design of the South African springbok and all bear a distinctive 50th anniversary ‘privy’ or ‘mint’ mark.

The flagship offering in the anniversary range is the limited edition 50 ounce gold coin, fifty times as big as the standard Krugerrand and only 55 coins are available for purchase. The 50 oz coin is a premium product, packaged in a custom-made gold and black casing.

The golden legacy of the Krugerrand is cultivated in the rest of the gold proof coin range with the 5 ounce gold coin of which only 500 have been minted as well as the much smaller 1/20 ounce (12,000 available) and 1/50 ounce (50 000 available).

The ‘proof’ quality gold, silver and platinum collectable coins have a high gloss finish that accentuates the fine detail of the coins’ design, while the Premium Uncirculated fine silver coins boast a cutting-edge matte finish.

“Producing the once off platinum & silver Krugerrands under the same brand that is synonymous with South African gold coinage is our unique way to commemorate the historic influence of the coin on the gold bullion investment market,” says Tumi Tsehlo, MD, SA Mint.

To further commemorate the 50th anniversary, the SA Mint, has also launched a series of chic limited edition fashion accessories featuring bracelets, scarfs and lapel pins. The SA Mint will also be promoting its range of coins with a pop-up shop inside Elegance Jewellers, Melrose Arch in July to mark the occasion.

The South African Mint partnered with Elegance Jewellers to launch a selection of exquisite Krugerrand bracelets and lapel pins as well as a patterned silk scarf in association with Blandat. The 50th anniversary accessories will be available at the Melrose Arch store as well as at SA Mint’s Coin World retail store in Centurion.

The beautiful waxed cord bracelets are produced as part of Elegance’s in-house brand, Nom-Nom and feature the daintiest of Krugerrands; a 1/50oz, 22ct gold coin on the one side and a delicate 9ct gold ‘50’ clasp on the other side. The bracelets are available in a variety of colors and styles that allow the wearer individualistic flair.

They are available in two styles – a smooth cord giving the jewellery a more delicate and feminine look or a knotted cord for those who prefer their jewellery more chunky and bold.

The most delicate 22ct 1/50 ounce gold Krugerrand coin has been converted into a beautiful lapel pin. Adding a solid gold pin to your suit or blazer allows you to customise your look to your own personal style

The scarfs are a result of a collaboration with one of South Africa’s most creative textile designers, Blandat. The unique and colourful silk scarfs are hand-finished masterpieces that pays homage to the Krugerrand, an iconic symbol of South Africa’s distinctive heritage.

Layered with reference to South Africa’s dynamic landscapes, the scarf brings in elements of traditional wax cloth, cowrie shells and bead work. Alongside global scarf motifs like ropes and chains, the design is inspired by South Africa’s rainbow nation, with a bright and colourful palette that is held together through gold and shots of neon pink. The energy is very South African – positive, modern and bright.

Just like the Krugerrand, the scarf carries weight in intricate detailing and is an example of highly creative craftsmanship. Alongside the central coin, highlights include the aloe flower and serration interpretation.

“Given the Krugerrand’s rich heritage and proud tradition, we wanted the limited edition accessories to be relevant to the cause espoused by the brand – fashioning savings. Now you can wear the Krugerrand and join the legion of the iconic coin’s fans.”

“South Africans who are united by their shared love of the Krugerrands can now collect these limited edition accessories and coins to celebrate their pride,” says Tsehlo in conclusion.

Source: SA Mint

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.

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:

 

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