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Mandela rare R5 set sold for record price by worlds largest rare coin dealer I Want To Buy Coins I Want To Sell CoinsFree Coin Valuation I Want to Buy Krugerrands I Want to Sell Krugerrands Grading Coins No Taxes on SA Rare Coins Mandela rare R5 sells for R2.5 million! Mandela rare R5 sells for R600 000 - Growth of 3.9 million percent South Africa's R50 million rand coin NGC grades its 30 millionth coin Mandela R5 Birthday proof sells for R275 000 World Coin News confirms rare R5 Mandela coins are the fastest appreciating rare coins in the world! Copyright Disclaimer
SOUTH AFRICA'S R50 MILLION RAND COIN
THERE ARE VERY SUBSTANTIAL PROFITS TO BE MADE BY INVESTING IN THE DOLLAR DENOMINATED SOUTH AFRICAN RARE ZAR COINS FROM THE TIME OF PAUL KRUGER, TAX FREE.
There has never been a better time to invest in the South African rare coins of the ZAR from the time of President Paul Kruger. All of these coins in the average grades we project will show appreciation levels of 35- 45% per annum over the next 3 - 5 years with the rarer specimens appreciating at percentages of 65% and above.
These coins were minted from 1894 onward and span the rich cultural history of the Boers in the Transvaal. They are widely collected throughout the globe and valued in US dollars. When they are sold they are not subject to capital gains tax. Which means that they are tax free. The key to good investment is to have a diversified portfolio of investments and one of these investments should be South African rare coins. If you have all of your eggs in one basket you can take a very big hit if a particular market has a sharp downturn. These coins are also saleable anywhere in the world.
In 1996 S A COIN introduced the third party grader NGC to South Africa. We steered all of the South African collectors and investors to having their coins graded through to NGC. Today we also recommend the other two largest graders in the world PCGS and ANACS. NGC has graded over 350 000 rare coins for South Africa. South Africa due to the forward thinking of S A COIN over 18 years ago in 1996 is the third most certified country in the world behind only the United States and China. NGC is today the largest coin grading company in the world with over 30 million coins graded.
The third party capsules of NGC, PCGS and ANACS create a worldwide market for all rare coins where they can trade freely throughout the world like stocks. The grades of the coins and their authenticity is guaranteed. Second only to the rare coins themselves there is no more significant metric than the third party capsules that the coins are in.
THE HISTORY BEHIND THE CREATION OF SOUTH AFRICA'S VERY FIRST COMMERCIAL COINAGE OF 1892. THESE COINS PROVIDE THE FOUNDATION OF THE ENTIRE SOUTH AFRICAN RARE COIN MARKET.
The very first commercial coins of South Africa that were produced by the republic of the ZAR (Zuid Afrikaanche Republiek) were dated 1892. It was President Paul Kruger himself that had decided to produce coins for the republic. He was a very strong man both physically and mentally and indeed much larger than life. He wanted to make the ZAR more independent and in so doing he wanted to create a bank for the ZAR and also its own coinage.
The discovery of gold in Barberton in 1882 – 1885 where 10 000 prospectors had converged and later the discovery of gold on the main reef of the Witwatersrand in 1886 had an effect of great wealth and power on the ZAR. It soon became clear that the richest goldfields in the world had been discovered. This led to great prosperity and much wealth for the ZAR.
In 1891 the ZAR established a bank and also a mint. They were placed in building on one of the corners of Church Square in Pretoria on the site of the present post office. The cornerstone of the building was laid down by Paul Kruger himself.
In 1891 the ZAR passed the 'Mint Act'. This was to lead to the Republics own coinage. The money was based on the British currency of the time. It consisted of a Pound and half pound in gold, the 5 shilling, 2 ½ shilling, 2 shilling, sixpence and tickey in silver and penny in bronze. The weight of the coins was to be identical to their British counterparts.
The general election was about to start and President Kruger had two very able competitors for the Presidency. They were General Joubert and Chief Justice Kotze. President Kruger thought that the quick introduction of coins through to the ZAR would make him seem even more presidential as his image was to appear on the coins.
The events which followed in relation to the coins of the ZAR in fact almost contributed to him losing the election. The mint in Pretoria was not in full operation and President Kruger was in a rush to have the coins minted. He decided to have the coins minted at the Kaisermint (Emperor Mint) in Berlin, Germany so that the coins would be ready in 1892.
Very soon after the coins appeared there was absolute pandemonium over the coins and their manufacture. President Kruger's opponents were incensed that the President had been so arrogant as to have placed his image onto the coins. They were also upset that there was a great error on the ZAR coat of arms. The German mint had used a Continental wagon and not a Voortrekker wagon. The difference being that the Continental wagon has front and rear wheels of the same size and also two shafts between which the oxen would be placed to pull the wagon. The Voortrekker wagon traditionally tented had a single shaft for the oxen to be placed on either side of to pull the wagon. It's rear wheels were also larger the wheels in the front.
His political opponents were quick to try to exploit the coins for their own political advantage. They said that the President had shown himself to be utterly incompetent in so far as being unable to get the coat of arms of the ZAR correctly displayed on the coins. They also took him to task for having the initials of the engraver of the coins Otto Shultz which also appeared under the bust of Paul Kruger. The placement of the initials under the bust of Paul Kruger was indeed the correct procedure used by mints throughout the world. But President Kruger had the reputation of being a bit of a simpleton. It was not that he was not highly intelligent but he was a bit uncouth and not well rounded in terms of general manners. His opponents tried to interpret this as his being not too bright and said that the initials 'OS' the Dutch word for ox, were all too true for he was indeed 'the dumb ox Kruger.'
The coins caused such consternation that attempts were made to withdraw them from public circulation. However the coins had received such publicity that they were tightly held onto by their owners. The initials 'OS' were removed from the new coins and all of the necessary corrections were made to the coins. Fortunately Paul Kruger won the election though narrowly. The corrected coins were struck without changes from 1893 – 1900 without any changes.
HOW TO CREATE A PORTFOLIO OF A HIGH APPRECIATING SET OF SOUTH AFRICAN RARE ZAR 1892 COINS.
When you are investing in or collecting rare coins of any country in the world. This is always done in the form of a complete set of coins. For as the world to collect or collection implies this would be a collection of interrelated items that would form a set. Complete collections can sell for premiums as high as 50% above the single individual coins. This is because it takes a great deal of time and effort to compile a high grade set. The very first year of South Africa's very first commercial coinage was 1892. A complete 1892 set of coins would be 11 coins in all. There is a double shaft gold pond, a single shaft gold pond, a double shaft half gold pond, a double shaft 5 shillings, a single shaft 5 shillings, a 2 ½ shillings , a 2 shillings, a 1 shillings, a sixpence, and a tickey in silver and a one penny in bronze.
There are several types of 1892 sets that you could compile. You could assemble a set of just the gold coins making a 1892 gold set. You could put together a set of all of the silver coins making a 1892 silver set. Or you could complete the entire 1892 set.
What your 1892 set will bring to you are projected financial gains of 35 – 45% on the average coins in growth over the next 3 -5 years and 65% on the higher grade coins. The greatest benefit of these coins is that they are high appreciating investments that have no taxes on sale whatsoever. The coins are capital gains tax free and saleable anywhere in the world. They are all valued in US dollars.
The most important aspect to rare coins is that they are not volatile investments. With all of the new types of financial leveraging that we see from Wall Street we are seeing assets classes that were not volatile in the past having become volatile i.e. Real Estate. There are just far too few of these coins for them to have any effect from financial leveraging. Of the 1892 single shaft gold pond for example there are less than 200 graded specimens in the entire world.
This means that in a down market you will never find that your rare coins suddenly lose 30% of their value as is a regular occurrence in markets that are highly volatile. What you get from South African rare coins is high consistent growth and no taxes on sale.