Image Supplied by Owner / Sourced.
|Total Issued / Made :||0|
|Country :||South Africa|
|Material :||Copper Nickel|
The first South African coin to feature Mandela's bust. While millions of these coins were put into circulation, the public was so mesmerized by these coins that they decided to start collecting them, keeping them "safe", because their value will increase over time, or will it?
The same craze that gripped this coin, also made itself known in the form of the 2008 Mandela birthday coin, which you can read and follow up on.
People started having the coins graded and then selling the coins at exorbitant prices, some fetched up to half a million rand.
So are you sitting on a small fortune? Probably not, the R5 coin you got in your change or from the bank will be classified as a circulated coin, meaning it has defects, bumps, scratches and usage signs. But don't spend them just yet! I have seen plenty of people and collectors that's prepared to pay up to R25 per coin, which thinking of it, is not a bad deal, your R5 "investment" just grew by 500% to R25 per coin, not bad in a small time frame.
I would only recommend collecting them if you find them in your change and not spend a cent more than R5.
|Our Valuation : R 5.00|
|Subject to our standard terms & the item's condition.|
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