Nelson Mandela graded proof coins???

R

Reaper1242

Well-Known Member
Joined
Jan 1, 2009
Messages
455
Reaction score
45
My mother is considering buying a proof coin as a long term investment. From what I'm seeing they look like they have the potential for great returns over time.
Of course I want to do all the homework and make sure.

What is the consensus on them. Good or bad?
 
What grade?

The're generally cheap - unless she's planning 1000+ ;)

EDIT : An ungraded example - if you can find one - would be a better investment
 
Oh wow ....

Yea - I'd think that'd do well in a few years - but I can't comment on how well, especially in relation to shares, property, gold etc
 
Dolby said:
Oh wow ....

Yea - I'd think that'd do well in a few years - but I can't comment on how well, especially in relation to shares, property, gold etc
Click to expand...

Excellent, thanks.

She was going to go for a 70 but I thought that was a tiny bit extravagant :D
 
If i may ask which mandela coin is she going for.. There are a large range of mandela stuff out there..
 
Freaksta said:
If i may ask which mandela coin is she going for.. There are a large range of mandela stuff out there..
Click to expand...

I stand under correction here but I think it's one of the 90th birthday coins.

Edit: I confirmed, it is a 90th birthday PF-68
 
Last edited:
Reaper1242 said:
It's bimetallic so silver and gold and it's a proof.
Click to expand...

Ah okay, cool! Should be a decent buy, try search to see what the going price is. Before I brought, SA coin shop wanted 1400 for a silver proof coin found that the same coin was selling graded online for half the price, ended up buying two of them online in place of the one! I Unfortunatly can't afford gold, but silver coins are nice to!
 
Freaksta said:
Ah okay, cool! Should be a decent buy, try search to see what the going price is. Before I brought, SA coin shop wanted 1400 for a silver proof coin found that the same coin was selling graded online for half the price, ended up buying two of them online in place of the one! I Unfortunatly can't afford gold, but silver coins are nice to!
Click to expand...

That's very good advice.
She was looking at SA Coin but I saw their price is very high. I also read the emails from them and it really does come across like a second hand car sales pitch. Way too pushy and too good to be true.
And even thought there are only 5 reports on Hellopeter, they're pretty damning.
 
Reaper1242 said:
That's very good advice.
She was looking at SA Coin but I saw their price is very high. I also read the emails from them and it really does come across like a second hand car sales pitch. Way too pushy and too good to be true.
And even thought there are only 5 reports on Hellopeter, they're pretty damning.
Click to expand...

Branch here was also pushy, I went in with a budget of R1500 and the guy kept trying to sell me a coin for R11 000..... Didn't get the point so I never went back..
 
Freaksta said:
Branch here was also pushy, I went in with a budget of R1500 and the guy kept trying to sell me a coin for R11 000..... Didn't get the point so I never went back..
Click to expand...

At one point she was pushing a R275 000 coin. If a salesperson is trying too hard it makes me wonder why. Guessing they want that commission.
 
What about kruger rands? Anyone buy from those? I planning to get a 1/10 oz coin. Last check the price was R1800 at gold coin exchange.
 
DeathStrike said:
What about kruger rands? Anyone buy from those? I planning to get a 1/10 oz coin. Last check the price was R1800 at gold coin exchange.
Click to expand...

I've been looking at them. Before he passed, my father had 12 Krugerrand Tenths and right now they've seen a 23% return. Of course now we're waiting for the estate to liquidate.
At the moment a tenth is 1675.02 with FNB. What my father liked about that is that he could buy them and then let them hold them in safe keeping. It's also much quicker to sell if you need to.

But I think they're an excellent way to get a decent return on something liquid.
 
Reaper1242 said:
I've been looking at them. Before he passed, my father had 12 Krugerrand Tenths and right now they've seen a 23% return. Of course now we're waiting for the estate to liquidate.
At the moment a tenth is 1675.02 with FNB. What my father liked about that is that he could buy them and then let them hold them in safe keeping. It's also much quicker to sell if you need to.

But I think they're an excellent way to get a decent return on something liquid.
Click to expand...

Yup, I know I'd you brought long ago, that investment had done very well. I was looking at the 1/10ths but I'm out of budget already lol!
 
Freaksta said:
Yup, I know I'd you brought long ago, that investment had done very well. I was looking at the 1/10ths but I'm out of budget already lol!
Click to expand...

It's funny, I always look at these things when the market is horrible. I think he bought at around 1300 a tenth. I think it's gained 4% in the last 2 weeks so I'll probably just hold on for the next dip.
I prefer 10ths because they're a smaller denomination to move without really damaging the overall portfolio if you have a few.

Lol, that's always how it goes.
 
DeathStrike said:
+one?

I thought that the gold coin exchange was cheapest but clearly fnb has better deal.
Click to expand...

From what I understand about FNB:
You start a Share Builder or Share Investor account. Builder is cheaper but transactions are delayed until close of day so there is a small rate risk.
Builder is R17/month while investor is R45. Both have a 0,86%/annum safe keeping fee with Rand Refinery.

What worries me about actually holding Krugerrands is that you either have to keep them safe and insured or pay for safe deposit. Besides that you have to find buyers.
With FNB, even though you own the coins you can sell back through FNB anytime. Makes it a little more liquid.
I'm also not entirely confident in all these companies and exchanges.

Edit: I emailed SA Gold and Coin and the indicative price for a 10th is R1 681. So FNB actually is cheaper. They charge 2% in fees.

At least, that's how I see it. I may be very wrong.
 
Last edited:
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X