S A COIN is the largest rare coin company in South Africa. We have been in business for around 25 years. In that time we have developed the market for South African rare coins from a small sized cottage industry market to being valued at over R600 million rand. We 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 over US $2,000,000.
We introduced NGC (Numismatic Guaranty Corporation) one of the world's largest grading companies to South Africa in 1996. Through extensive marketing and education we managed to get the majority of South African rare coins graded by 2000. NGC introduced consumer protection to the South African rare coin market. This prevented rare coin dealers from overpricing rare coins. This also gave investors and collectors the ability to sell their rare coins anywhere in the world.
S A COIN also played the role of being the central architect in the building of a global R500 million rand market for the rare Mandela R5 coins in just 20 years. Today the rare Mandela R5 coins constitute 96.4% of the total South African rare coin market. With the balance of the South African market constituting 3.6% of the rare coin market. Over 300 000 Mandela R5 coins have been graded with the balance of 20 000 graded coins constituting the rest of the rare coin market.
S A COIN has continually reinvented the South African rare coin market adding more consumers to this market than all of the South African coin companies added together. We recently introduced ANACS to South Africa. ANACS is the world's oldest grading company. They are an excellent addition to the grading of South African coins and compliment NGC.
S A COIN's sales just in rare Mandela R5 coins over the last 5 years has been in excess of R125 million. It is our objective to create a multi-billion market globally for all South African rare coins. All rare coins that are purchased and sold in South Africa can be done tax free. We have record of making our clients more money than our competitors from their coin purchases.
We invite you to contact one of our brokers today and let us show you what we can do with your capital over the medium term. Rare coins are one of the highest returning capital instruments on the planet.
Mark T Andersen
Chairman & CEO