HOW MUCH REALLY IS THE NELSON MANDELA 90TH BIRTHDAY BI-METALLIC 5RAND COIN WORTH?
This depends entirely on the condition/grade of the piece. An uncirculated coin straight from a banking institution might probably cost anything from R5 to R90. ($ 0.50 – $9).
A graded coin can be well worth something from R80 – R7000 ($7.69 – $697.12).
WHAT IS A GRADED COIN? AND THE REASON THEY SELL FOR MORE?
When assessing the state of a coin, the dealer might overemphasise. One approach to overcome this impartiality is to have the piece graded by a coin grading company, such as NGC, PCGS and ANACS. These firms are considered as dependable, trustworthy and secure.
A grading firm will evaluate the coin’s condition and assign a grade to it. The coin will at that point be enclosed in a tamper-proof plastic block to safeguard its state– provided that it is stored appropriately– e.g. far from heat and moisture.
Graded variations of the coin can achieve much higher prices– as an NGC, PCGS or ANACS grade is regarded to be an assurance of the coins’ state. With a lot of coins, better grades are considered as being rarer that those with much lower grades. It is also feasible to view a number of coins that have been submitted for grading.
Based on a study of NGC graded coins that have been literally sold on bidorbuy.co.za, and also the current NGC coin populace, the next market values can be adopted as guideline volumes for graded 90th Birthday 5 Rand coins:.
GRADE PRICE (USD)
- MS62 $7.69.
- MS63 $18.27.
- MS64 $22.55.
- MS65 $36.22.
- MS66 $68.93.
- MS67 $282.85.
- MS68 $697.12.
Note: Through 8000plus coins that have been handed in for valuing at NGC, merely 2 have achieved an MS68 quality. This can be added to the point that the coin was probably only released as a circulation coin and not as a part of any specific official set and as such a large percentage of the coins are subsequently damaged from being treated.
WHERE CAN I “TRADE” MANDELA COINS?
You cannot “trade” a Mandela coin ….. as it’s a circulation piece, so it’s technically worth its face value which is 5 Rand.
As recently reviewed in the areas above, the market value of the coin is determined by its rarity. Considering that a huge percentage of these coins are exchanged by collectors, the price is also determined by how much these collectors are prepared to pay.
Precisely where can I sell or buy coins?
There is a thriving market in South Africa as well as internationally. A sizeable amount of Mandela coins is bought and sold off by collectors on bidorbuy.co.za, a South African auction site.