Who Buys Old Coins in South Africa

What is an old coin?

Old coins are coins issued by previous rulers/presidents of a country that are no longer acknowledged as legal tender or a medium of transaction (money).

What are the examples of old coin?

1. Brutus “Eid Mar” Denarius, 42 BC

2. Athens Decadrachm, 460-430 BC

3. Decadrachms of Syracuse, 400-390 BC

4. Akragas Decadrachm, 411 BC

5. Naxos Tetradrachm, 460 BC

6. Gold Stater of Croesus, 550 BC

Who buys old coins in South Africa?

The following institutions buy old coins in South Africa:

1. The South African Gold Coin Exchange (SAGCE)

2. Randburg Coin (Pty) Ltd

3. Mperor’s Coins

4. Collectors Investments

5. City Coins

6. Muntstuk International Coins

7. Keogh Coins SA CC

8. The SA Coin Corporation (Pty) Ltd

9. P&G Coins & Collectables

Which bank buy old coin in South Africa?

The South African Reserve Bank (SARB)

Who buys old coins in South Africa?

Old coins are sold in South Africa via the following websites:

1. Bidorbuy

2. eBay

3. Gumtree

4. Junk Mail

5. Ananzi

Which old coins are worth money in South Africa?

1. Single 9 Pond (1898) is worth about R15-million.

2. Kruger Double Nine Ponds (1899) is worth around R1.5-million

3. Burgers Pond Coarse Beard (1874) is worth around R1-million

4. Sammy Marks Tickey (1898) is worth around R750, 000.

5. Mandela 90th Birthday Coin (2008) is worth around R150, 000.

Where can I sell my 2000 Mandela R5 coin?

eBay is another popular platform to sell your Mandela coins.

How do I know if my old coins are valuable?

There are three primary factors that determine the value of a coin:

1. Initial Mintage Number, thus the number of the coins that were originally minted and available in the market.

2. Coin Grade, thus the condition of your coin.

3. Demand for the coin.

How much is the 2008 Mandela R5 coin worth?

The 90th birthday coin can be worth from R50 and R1,000.