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  1. We'd like to invite any collector with an interest in South African coins, and particularly rare South African coins, to contribute to this dedicated thread and help keep it going. Share pictures, ask questions, source your favourite rare coin. We really want to see what South African coins people outside of the country are collecting, and advise if people have any questions. To get the ball rolling, we've posted a few interesting pictures of some really beautiful, very rare South African coins. Enjoy! Looking forward to seeing what you have in your collection. Till then, Cheers, Georgia
  2. Thanks to everyone who's replied to this thread. It's great that there is an interest in South Africa coins in general. Whether or not you have rare coins in your collection, we're still keen to see what's out there, and we certainly have a lot of information to share. We will be starting a thread on here this month. We have a website and a blog where we post regularly, but will look to post articles here too in the resources section. So watch this space, we'll let you know when we get started on it. Thanks again for the interest and for taking the time to reply. Looking forward to getting a great new thread rolling
  3. Hi Everyone, We're thinking about starting thread specifically for rare South African coins, but before we do this, we want to find out if people would be interested in this. We realize that this is an international forum with a strong focus on US coins, but we simply don't have any rare coin forums in South Africa. Also, we'd like to see what the interest is in rare South African coins outside of the country and see who is collecting what. Looking forward to hearing from everyone who's interested, let's see if we can get this rolling. Thanks, Georgia (South Cape Coins)
  4. For centuries, unique rare coins were collected by nobility, royalty and upper class citizens who were quick to realize their investment value, even at that time. Fortunately today, coin collecting is no longer only the ‘Hobby of Kings’ and it has become a pastime that millions of people worldwide pursue, enjoy and benefit from. We’ve spoken before about the benefits of a rare coin investment, but just to recap one of the primary benefits, in South Africa, rare coins are classified as ‘collectibles’ and as such, don’t attract Capital Gains Tax when sold. Over the past few decades, investors seeking alternative investments have been privy to considerable annual ROI’s on particular rare South African coins. If you have an understanding of numismatics and an interest in coin collecting, then you probably have an idea of what to look for when you start your investment coin portfolio. If you’re new to the industry though, and don’t have the time or means to research which rare coins would be best suited to your budget, then it can make getting started all that more difficult. With that in mind, to help guide you in the right direction we look at five of the top South African rare coin investments you can make today. 1. 1902 Veldpond This uniquely designed coin came into existence towards the end of the Anglo Boer War, when money was scarce. At the time,the Commandos purchased food from the Black Tribes, who would only accept gold coins as payment. This of course made any exchange difficult because there was simply no money around. It was suggested that the Boers help ease the situation by manufacturing their own coins, out in the field (hence the coin’s name). Basic machinerywas bought from nearby mines, though the process for manufacturing the die and getting the correct gold ratio for the gold sheets was a tedious and frustrating one. Eventually however, 986 1902 Veldpond were minted with handmade dies and put into circulation. Their relatively low mintage and historical significance makes them one of the most highly sought after rare South African gold coins. The 1902 Veldpondhas an annual average ROI of 28%. 2. 1898 Sammy Marks Tickey Sammy Marks was a Lithuanian immigrant turned industrialist and financier, who gained the confidence of President Kruger and the South African government in 1881. His defining moment came when Kruger ran out of money when building the railway line from Pretoria to Lourenco Marques. Marks subsequently funded the remainder of the project through a number of massive loans which totalled nearly £3 million. In gratitude, Marks was offered free use of the mint for a day in 1898 and he took the opportunity to strike 215 gold memento tickey’s. Although they were not considered legal tender and were not circulated, they are still exceptionally rare coins, with an interesting history. The 1898 Sammy Marks Tickey has an average annual ROI of 31%. 3. 1874 Coarse Beard Thomas Francois Burgers was the 4th President of the South African Republic from 1871 till 1877, a liberal and strongly reformist minister of the Dutch Reformed Church. His vain attempt to have his portrait and the ZAR coat of arms minted on the gold Staatsponden was met with a massive outcry from members of the Volksrad, who were deeply religious and viewed the attempt as foolish pride. The coin got its name after a small batch was minted by a second die after the first one broke. This second batch numbered just 142 anddepicts Burger with a distinctive ‘coarse’ beard when compared to the Fine Beard specimens. The 1874 Course Beard has an average annual ROI of 36%. 4. 1874 Fine Beard Although not as rare as the Coarse Beard, the 1874 Fine Beard has a relatively low mintage of only 695 and remains one of the top rare South African coins. When compared to the Course Beard, you can clearly see the difference between the beards. The 1874 Fine Beard has an average annual ROI of 28%. 5. 99 Overstamp In 1899 the South African Mint Master was instructed to over-stamp 130 1898 Kruger Pound coins in celebration of the reopening of the Pretoria Mint. When the first coin was struck (whichsubsequently became the world-renowned ‘Single 9’) it was immediately noticed that the “9” on the punch was too large and a smaller punch was used to over-stamp the remaining coins. The second striking of these coins became known as the Double 99 Overstamp. Today, this exceptionally rare 99 Overstamphas an average annual ROI of 38%.
  5. Just to say thank you to everyone who entered our first ever rare coin competition! Although we initially had to extend the closing date, we were very pleased with the overall success and positive feedback we had about the competition. Jaco Pieterse is the winner of the 1898 Sammy Marks Penny valued at an incredible R 45 000. Congratulations! You can read our full interview with Jaco on the South Cape Coins blog: http://www.southcapecoins.co.za/news/interview-with-the-sammy-marks-penny-winner/ We hope to run a similar rare coin contest in the near future, so keep your eyes peeled. Thanks again to all the entrants. Kind Regards, Georgia
  6. Hello all you numismatic fanatics. Thank you to everyone who has entered the South Cape Coins Sammy Marks Penny rare coin competition. For those of you who haven't yet entered, you still have 4 days to do so. This rare coin is valued at R45,000 (about $5,300)and entering is really very easy. All you have to do is 'like' the new South Cape Coins Facebook Fan page. Follow this link for further details on how to enter. Good luck! If you have any questions email me, georgia@southcapecoins.co.za.
  7. Hi All, Because of the delay with the launch of our new website (which looks great by the way), the competition that we are running for the 1898 Sammy Marks Penny, valued at R45 000 ($6500) has been extended to the end of August. We WILL be picking a winner then, so please make sure you enter before then. Thank you to everyone who has entered and 'liked' our Facebook fan page already.We hope that you are enjoying the articles, posts and tips that we put up every day. Remember, you can find out more about the coin and competition from our fan page, so be sure to check in often. If you haven't yet entered, you can do it right now. See you there, Thanks again for all the support, Georgia Read more: http://www.cointalk.com/t189285/#ixzz1U43EUPXv
  8. Hi all you numismatic fanatics. Just to remind you that this awesome competition is still running, until the end of July, so you still have time to head over to our Facebook page. All you have to do is 'like' our fan page to stand a chance of winning this valuable prize. We also update the South Cape Coins fan page daily, with interesting articles, videos, collectors tips etc. We're nearly finished with an all new website, and we will also be posting our own blog articles there twice a month. Become a fan of South Cape Coins! Become a fan of South Cape Coins! See you there, Georgia
  9. Over the past month, we’ve posted a couple of YouTube videos on our Facebook fan page that show the gold refining process and the manufacturing of gold coins. The feedback has been great and in the next few months we’ll be adding more footage to our own YouTube channel. We already have one video posted, which you can view here. With all the interest around refining and manufacturing, we thought we’d take a deeper look into our own country’s mint, the South African Mint Company, which has a really interesting history. It all began in 1890, after gold was first discovered in 1886 near the Witwatersrand area of Johannesburg. President Paul Kruger decided that establishing a mint in South Africa would solve two major issues. Firstly, there was a serious shortage of circulation coins and secondly because it would provide a means for the Republic to manufacture its own currency. The State Mint was officially opened on 6 July 1892 on the corner of Church Square in Pretoria and the original corner stone, which was placed by Kruger, can still be found there. When the British occupied Pretoria at the turn of the 20th century, the mint ceased all operations and as a result of the war, British currency became the new legal tender. In 1919, the Mint Act approved the establishment of the Royal Mint in Pretoria, (which was a branch of the Royal Mint in London) and in 1923 the first gold pound was struck here. On 1 July 1941, bonds with the Royal Mint were broken and it subsequently became known as the South African Mint. British currency was however still used until 1961, when South Africa became a Republic. A new monetary system was introduced which was made up of denominations from a half cent to R2. The R2’s replaced the British sovereign and the R1, the half sovereign and these coins became the first gold bullion coins in the country’s history. During 1980, the South African Mint was privatised, as part of the deregulation of government activities, and the South African Reserve Bank became the new holding company. The location of the ‘new’ South African Mint at Centurion was officially opened in October 1992. The facilities at the mint comprise very high tech, modern technology, making it one of the most advanced manufacturers of coins in the world. The mint doesn’t only produce South African coins though; it has also been commissioned to supply coins to countries throughout the world. To date, The South African Mint has received numerous awards, the most recent of these was in January this year when it was named the winner of the 2011 Coin of the Year Award for its 1oz. gold 100-rand coin featuring the endangered White Rhino.
  10. Thanks for your interest in our articles, it's great to see how different people feel about Pedigree coins, and what significance theirs holds for them. @ART - how far are you along with your 'one coin, one note' for each country? What a fantastic project/challenge/aspiration. Good luck with that.
  11. A pedigree coin is one that has a documented history of who has previously owned it. Generally, the further back the pedigree goes, the more potential value the coin has. Some exceptionally rare coins, especially those with pedigrees that can be traced back to the date of issue, are even more highly valued. Take for example our nation’s finest rare coin, The Single 9. The fact that it is the only coin of its kind in existence, coupled with the fact that one of its previous owners was King Farouk of Egypt, means it has one of the most notable pedigrees of any rare coin. In numismatics (the study or collection of money, coins or medals), having a pedigree to a ‘name’ coin collection adds a lot of value. For example, coin collectors in the US find the Eliasberg, Newcomer, Col. Green and King Farouk collections particularly attractive because of their highly respected pedigrees, which often span decades. When you’re looking at the pedigree of a coin it’s important to note information such as when it was last sold and how much it sold for. Generally, a coin with a fairly recent pedigree is more valuable than a coin that has an old pedigree. This is because if a coin was last sold a long time ago, its previous selling price becomes irrelevant in today’s market valuation. On the other hand, having a pedigree can also have a downside. For example, a potential buyer might question why a coin that was purchased for R10,000 a short while ago, is now being sold for R20,000. For this reason, some sellers might choose not to include the pedigree when putting a coin on the market. There is little doubt however that having a good pedigree adds to the attraction of owning a rare coin. It describes the history of a coin, confirms its quality and value and perhaps most importantly, especially for coins that are exceptionally rare and/or old, it indicates the legitimacy of the coin. A pedigree can also have a personal significance and while one collector might prize a specimen from one particular ‘name’ collection, another might find value in a different ‘name’. Either way, knowing that the coin you possess once belonged to someone famous, or infamous for that matter, is a huge attraction. At the end of the day, the value of a pedigree coin lies in its historical significance as well as the intrinsic value of the coin itself. Purchasing a pedigree isn’t necessarily expensive, but most serious collectors feel that they need to have at least one in their personal collection.
  12. Hi Guys, It's great to see all the interest in our Facebook/South Cape Coins 1898 Sammy Marks Penny competition. We're really happy to be able to offer up this fantastic prize, valued at R45 000, so don't miss your chance to get your hands on it. Remember that in order to qualify you need to go to our Facebook fan page and click 'like'. The more people that you get to also click 'like' on the fan page, the better your chances are of winning this beautiful coin. The competition is running until July, so you have plenty of time to encourage your friends to play too. Follow this link to our South Cape Coins fan page and click 'like'. See you there! Any questions, feel free to ask. Cheers, Georgia
  13. Rare coins, as opposed to gold bullion coins, aren’t ever reminted, which means that this exclusive market revolves entirely around the availability, liquidity, supply and demand of coins that have already been produced. In this post we’re going to look at how these factors affect and determine the value of a rare coin as well as its official grading. Rare coins have developed an international reputation for being one of the most liquid assets of all collectable markets and historically deliver a high ROI, which is why it’s important that you understand these evaluation aspects before you start investing in what is generally considered a lucrative market. The Coin Liquidity Factor The liquidity factor of a coin basically comes down to how quickly a coin should or would sell under normal market conditions at an auction, through a private seller or through a dealer. The liquidity factor was first developed by JT Stanton (President of PCI Grading Company) and is based on a scale of 1-5. A liquidity factor of ‘1’ indicates that a coin would be difficult to sell (on the market for an extended period of time) or would sell for less than its recommended value. A liquidity factor of ‘5’ indicates that that a coin would sell quickly for the recommended value, or even inflated value in some cases. Bear in mind that highly active market conditions also help inflate the liquidity of any coin. Added to this, liquidity is aided along by a 24-hour online world audience. At any given time, anywhere in the world, there are coin dealers, investors, collectors and hobbyists online, ready to buy and sell. One thing you need to give serious consideration to before you purchase a rare coin is its long term realization. You need to be sure that the coin(s) you invest in are going to give you the best ROI possible, so find out as much as you can about them before making any decisions. For example, what have they previously been bought and sold for, how long do they generally stay on the market for before selling and what is its general annual ROI? The Coin Supply Factor As we mentioned before, rare coins are no longer minted, so their supply is based purely on what has already been manufactured and what is available. The supply of rare coins, as well as any reduction in market availability, is affected by a number of factors: either the coins are put into circulation; they are melted down to extract the original metal content; they are lost or irreparably damaged through careless storage or handling; they are donated to museums or they are held permanently in private collections. Once all these factors are taken into consideration, it becomes clear why particularly valuable rare coins are so hard to source and why, if a collector does have one, they are rarely put on the market. The Coin Demand Factor Put simply, the higher the quality, condition and rarity of a coin, the more valuable it becomes and therefore the more in demand it becomes. The general consensus is that the rare coin market has four levels of demand. The first level considers the ‘face value’ of a coin. For example, a silver dollar minted a century ago could still be used today to pay for something that costs a dollar. The second level considers the price of the metal that a coin is manufactured from, although with rare gold coins this is only one factor in the valuation of a coin (alongside rarity, preservation and age.) In contrast, the value of a Krugerrand lies purely in the intrinsic value of the metal it’s manufactured from, if the price of gold goes up or down, so does the value of the coin. The third level considers how much a collector is willing to pay over the intrinsic value of the metal of a coin. If the coin is a particularly good specimen, rare and highly sought after, its overall value is going to be considerably high. The fourth and final level considers the future realization of the coin and for the more serious collectors and investors is possibly the most important level of demand. What has the coin previously fetched in auctions and what is the average annual ROI you can expect to receive from it? Once you’ve had the opportunity to assess the liquidity, supply and demand of the coins you are interested in, you can decide whether it will be an appropriate investment for your portfolio or collection. It’s important to remember though that with rare gold coins their value only ever appreciates over time. Hope you enjoyed the article. Remember to go and 'like' our new Facebook Page for a chance to win a 1898 Sammy Marks Penny valued at R45 000. See you there!
  14. Hi Guys, We have just started running an amazing competition on our South Cape Coins Facebook page and who would be more interested than the numismatic enthusiasts on Coin People? So, we thought we'd let you know about the competition here too. Up for grabs is a rare South African coin, the 1898 Sammy Marks Penny MS64RB (see attached picture). All you need to do is make sure you go and 'like' our new Facebook profile page, and also encourage your friends and people who might be interested to 'like' us too. The winner is the person who gets the most people to 'like' the new South Cape Coins page. Easy hey? (as an added bonus we post interesting articles, links, tips, advice and facts relating to South African coins everyday too) Link straight to our Facebook page! Go on, check it out, have also posted a picture of the 1898 Sammy Marks Penny that you could win on our profile page. Looking forward to seeing you there! Any questions, feel free to ask me Cheers, Georgia
  15. That's a really beautiful coin, I can see why they would be hard to source, can't imagine they come up for auction very often. I agree when you say that if you find something you really like and could afford then go for it. We advise all our new coin collectors and investors that you should always try to buy the highest quality coin that you can comfortably afford as you will never lose on an investment like that. Good luck with your search. Georgia
  16. Pleasure! Glad you enjoyed it. Will be posting articles regularly, so keep your eyes peeled for more . Cheers, Georgia
  17. Investing in rare gold coins is an undeniably wise decision and your ROI can be considerable if you know what to look for. The truth is though that unless you have access to reliable resources or the time and means to research which coins would be best suited to your collection, you might find yourself at a loss and not sure where to start. To help guide you in the right direction, we’ve looked at the top 5 South African coins to invest in, edited 1. 1902 Veldpond This uniquely beautiful coin came into existence after 1901, during the final phase of the Anglo Boer War when money was fast becoming scarce. At that time, the Commandos food was bought from the Black Tribes, who would only accept gold coins as payment. This of course made any exchange difficult because there was simply no money around. A school principal by the name of P.J. Kloppers suggested that the Boers help ease the situation by manufacturing their own coins. Basic machinery, though not entirely sufficient, was bought from nearby mines and it took 6 attempts before a die was finally manufactured that didn’t crack when it was cooled. It was a frustrating process made worse by the fact that it took many attempts to get the correct gold ratio for the gold sheets. In the end however, 986 of the 1902 Veldpond were minted with the handmade dies and put into circulation. 2. 1898 Sammy Marks Tickey Lithuanian immigrant turned industrialist and financier, Sammy Marks gained the confidence of President Kruger and the South African government after moving to Pretoria in 1881. A defining moment that firmly established him as a man of influence came after he advised Kruger to build a railway line from Pretoria to Lourenco Marques. Kruger ran out of money and Marks subsequently funded the project through various massive loans (nearly £3 million), although when the railway line was finally completed he was mysteriously not invited to the official opening. In 1898 Marks was offered free use of the mint for a day and he took the opportunity to strike 215 gold memento tickey’s for his family and friends. Though of course they were not circulated and could not be considered legal tender, they are still considered to be exceptionally rare coins with an interesting history. 3. 1874 Coarse Beard Thomas Francois Burgers was the 4th President of the South African Republic from 1871 till 1877, a liberal and strongly reformist minister of the Dutch Reformed Church. A little known fact here is that the gold used to strike this incredibly rare coin was mined in the same way as the 1902 Veldpond at Pilgrim’s rest in that it also contained impurities and had to be melted down and refined. There was a massive outcry from members of the Volksraad to Burger’s vain attempt to get his portrait, together with the ZAR coat of arms, minted on the gold staatsponden, which was to have the same intrinsic value as the British sovereign. Burger expected recognition and admiration for producing the republics first indigenous coin but the move was instead viewed as foolish pride from the strongly religious community. The 1874 Coarse Beard got its name after a small batch of coins was minted by a second die after the first one broke. This second batch, numbering just 142, shows Burger with a distinctive ‘coarse’ beard when compared to the fine beard mint. 4. 1874 Fine Beard Although not as rare as the Coarse Beard mint, the 1874 Fine Beard mintage numbered only 695 coins and is highly valuable. When compared to the coin above, you can clearly see the difference between the beards. 5. 99 Overstamp In 1899 Mr J Perrin, a member of the South African government, instructed the Mint Master to over-stamp 130 1898 Kruger Pound coins in celebration of the reopening of the Pretoria Mint. When the first coin was struck (and subsequently became known at the world-renowned ‘Single 9’) it was immediately noticed that the “9” on the punch was too large and a smaller punch was used to over-stamp the remaining coins. The second striking of these coins became known as the Double 99 Overstamp and is a great example of one of the rare South African gold coins that can be purchased through South Cape Coins. edited
  18. If you’ve just started collecting coins you’ll certainly have heard or read about graded and un-graded coins. Both are readily available to buy and sell online, however if you are serious about building up a truly valuable and impressive coin collection, then you’d be wise to invest only in graded coins. These coins will always realise far higher prices on auctions and in private sales than ungraded coins, even if the latter is in exceptional condition. This is because ungraded coins have no guarantee. Their value could be less than what it’s advertised for, the quality could be worse than what is depicted in its online photographs, or worse still it could be a fake. If you own a coin that you genuinely believe is of substantial value, then it is worth taking the time and money to have it certified, especially if you are interested in selling it in the future and want to realise its full potential. In the past, coin grading was a vague process and coins were categorized as either uncirculated (stored since they were minted), good (mostly well preserved) or fine (detail is clear and there is still some lustre). As time went on, it became evident that a clearly defined and internationally accepted grading system needed to be established. Nowadays, a coin is given a grade (and subsequent market value) based on its appearance and overall condition and there are five critical elements that help determine this. 1. The surface condition: the number of marks and scratches on the surface and the severity of these. 2. Strike: This can be either a weak or strong strike and refers to how strongly the design is stamped onto the coin. 3. Colouration: This looks at how much the coin has changed from its original colour and discolouration could be due to age, improper cleaning, storage, or handling of the coin. 4. Lustre: How much of the original shine is still intact. 5. Eye appeal: This incorporates all of the above elements When a coin is graded it is given a numerical value between 1 and 70. A PO-1 represents a barely identifiable coin and a MS/PR-70 represents a perfect coin with a full strike and no markings (these are incredibly rare). PO stands for basal (poor) state and MS stands for mint state. Between these opposite grades, in ascending order you get: • Fair (Fair): This is where you can identify the type of coin, although it might be bent or have holes • Almost Good (AG): The design is outlined, parts of the legend are worn and smooth and the date is difficult to make out • Good (G): This is heavily worn, but the date, legend and design are visible • Very Good (VG): This is well worn with a clear design, legend and date, but it lack details • Fine (F): Moderate to heavy wear, entire design, legend and date are clear and bold, but it might still lack details • Very Fine (VF): Light to medium wear, all major details are defined and sharp • Extremely Fine (XF or EF): Very light wear only on the highest points, clearly defined, still has lustre • Almost Uncirculated (AU) Very small trace of wear only on the highest points. Very hard to tell the different between an AU and an Unc. Coins. It’s vital that you get a reputable coin grading service to evaluate your coins and presently the NGC (Numismatic Guaranty Corporation) and PCGS (Professional Coin Grading Service) form the top tier of a three tier grading service. They are the two most reliable and consistent services and use a consensus method of grading. Added to this, they guarantee the grades and authenticity of the coins. A NGC or PCGS coin grading and approval have a higher demand in the market. The unique and historic NGC certified 1898 Single 9 Pond, was sold by South Cape Coins for tens of millions of South African rands. Although ungraded coins are undoubtedly cheaper, they are a hugely risky investment and as is pointed out, the true value of a coin lies in having it graded correctly, by an established and knowledgeable coin grading service.
  19. Thanks for the advice. I think I'm going to also start with a set from my birth year of South African coins, there are quite a few beautiful and unique ones. However I am also interested in South American coins, which I find incredibly unusual and eye-catching.
  20. Hi All, I need your advice please. I've been told that coin set building (for example 1910,1911,1912) is really viable, if so, how and why is it viable? What is the best way I can go about starting to build my coin set? Thanks so much for your time. Cheers, Georgia
  21. Hi There, I am also a new member, just reading through the different threads and finding my way around. Saw your question, have you found any answers yet? Where did you find them? I am from South Cape Coins, which specializes in rare South African coins. Perhaps they can help you identify them. http://www.southcapecoins.co.za
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