14. South African rare coin sells for R1.4 Million

S A COIN South Africa’s largest rare coin company has set a new world record with the sale of the second finest known Sammy Marks Tickey for US $184,210 or 1.4 million rand. This sale is the second highest price that a South African rare coin has ever been sold for. The sale is going cause a paradigm shift in the entire South African rare coin market. These sales attract to the market place an increasing number of highly affluent investors who are prepared to place millions of rands into our market confident that they are going to see world class returns on their capital. It is also important to note that the profits that are made from South African rare coins are totally tax free. South African rare coins are fast becoming South Africans most coveted tax haven. If you make a million rand profit on your investment then that is exactly what you place into your bank account with no tax deductions whatsoever.

The South African rare coin market is red hot. It is being discovered by an increasing number of domestic and international investors that have never invested in rare coins before. What is attracting more and more investors to our market are the phenomenal profits that our rare coins have been showing globally for the past ten years. The Sammy Marks Tickey that we sold for 1.4 million could have been purchased in 1998 for a mere R50 000. That means that this coin has appreciated by an awesome 2 800% over the past ten years or 280% per annum.

South African rare coins are also true global investments. They are all valued in US dollars and they are bought and sold throughout the world. They are one of the most portable of all South African assets being able to be placed into the palm of your hand and having in some cases values in excess of one million US dollars. The coins can be sold in any of the world’s major cities.

This is a picture of the Sammy Marks Tickey that was sold for the world record price of US $184,210. We expect this coin to have a closing value by the end of this year of R2 million. This coin is now on the path to reach over the next few years a value of over US $1 million. It is also equally important to consider that the profits that this coin makes are tax free.
The coin was sold by Christine Jones a Senior Broker at S A COIN. Christine has fast become the queen of the South African rare coin market with the sale of this coin. Only last year Christine sold the finest known Fine Beard Burgers pound for $184,210 or R1.4 Million. The Fine Beard is currently valued a shade over R2 million today. This has meant that this coin has doubled its value in less than a year and should the seller elect to sell he pockets the profits tax free. However it is an unfortunate flip side to the South African rare coin market that when the owners see the levels of appreciation that they are getting from their rare coins few of them want to sell them. This makes the supply of these coins ever the more scarce placing even more pressure on an already skyrocketing rare coin market.

Christine said that selling the big coins is her speciality. “I love to sell these coins because they are so rare and tough to find. I especially love updating my clients and telling them how much their coins have appreciated. It’s a thrill to hear how happy my clients are when I tell them how their coins have increased in value. That really makes me feel good. It is also great to be selling a South African investment that makes its owners so much money.” It is also important to note that Chrisine’s clients are dotted all around the world as far a field as Dubai and New York.

This article appeared in Beeld on Tuesday the 3rd of June 2008

The South African rare coin market was all but ignored through the 40 year period of Apartheid by the local and international community. But since South Africa has been accepted again into the fold of the international community South African rare coins have rocketed in price making them one of the best performing investment arenas in the world. Record after record is beaten virtually on a monthly basis and the rare coin market shows absolutely no signs of slowing down. South African rare coins are moving so fast that they have left most of South Africa’s most coveted properties and also IT stocks in the dust.

South Africa’s most rare coin The Single 9 had a price in 1994 of around R1 500 000 and is today worth over 5 million US dollars or R38 000 000. It is the most valuable single rarity in the whole of South Africa far exceeding the value of South Africa’s most rare and valuable paintings. It currently resides in the hands of a South African investor that lives in the United States. It is expected to eventually be worth as much as 50 million US dollars. It is the world’s only coin that has an official mintage of one. This has made it the king of all the rare coins in the world.

The Single 9 about the size of a current R1 coin has increased from a value of R1 500 000 in 1994 to
over US $5 000 000 today or R38 000 000. It is expected to eventually be worth over 50 million US dollars.
The coin that was sold is the second finest known graded Sammy Marks Tickey one of approximately 25 that has been graded by the American grading service Numismatic Guarantee Corporation of America and also Professional Coin Grading Services of America. Is expected by S A COIN to have a value of over R2 million by the end of this year. In fact the current pace of South African rare coins is moving so fast that this coin is expected to start rapidly advancing on the magical US $1 million mark.

The current pace and growth of the local rare coin market over the last few years had S A COIN and also other coin companies in marketplace simply awestruck. South Africa’s rare coin market has been in a bit of a vacuum for many years and is obviously doing a bit of a catch up with international values. Some of the local dealers have even coined the phrase with regard to South African rare coins that, their prices are beginning to look like telephone book numbers.

A larger and larger number of collectors and investors who had coin collections that were worth only a few hundred thousand rand a few years ago are now looking at collections that are worth over one million US dollars and rapidly increacing. The explosive growth of South African rare coins has been a huge windfall for all of the participants in our market place. Collections that were previously looked at as just a hobby are now worth serious money and in many cases far overshadow the value of other investments that they made. The massive growth of the South African rare coin market has just been a huge surprise to everyone.

This article appeared in The Citizen on Tuesday the 3rd of June 2008


More and more commentators from the largest rare coin market in the world the United States have said that South African rare coins are ‘hot’. Including world respected coin journalist Chris Woltermann who recently said “I have to agree South African rare coins are hot in the world marketplace.”

This is the most positive sentiment that is ever expressed to only the fastest performing rare coins in the world coin market place. The high returns that rare coins have shown has also led to a increasing number of investors in South Africa entering the market for the first time. The local rare coin market is expanding at the fastest rate that it has ever done in the history of the entire market.