Where To Sell Madela Coins In South Africa
You can sell your Mandela Coins in South Africa ranging from the Mandela Inauguration Coin (1994), Mandela 90th Birthday Coin (2008), and the Mandela’s 100th Birthday R5 coin (2018) via traditional means (Banks, Authorised coin dealers, or coin collectors) or by yourself on eCommerce platforms.
Due to the rarity and value of Mandela coins, its’ collection has become an investment that can grow into something mind-blowing after a while. Many South Africans have the coins in possession but do not know how and where to sell them. There are several places online where you can sell Mandela coins. These platforms allow you to list your coins for them to reach buyers or customers.
How to Sell Mandela Coins to the SARB
Clients need to present the gold coin/s to the gold coin teller at the SARB Head Office in Pretoria with proof of residence, proof of ID, and a bank statement. It is important to note that the prevailing market gold price and dollar exchange rate are used to calculate the price offered for the coin/s on the day of selling.
How to Sell Mandela Coins Online
1. SA Coin
SA Coin has the largest Mandela 90th Birthday R5 Coin Collection in South Africa or probably the world. All our coins are untouched and un-circulated. So you can be assured of the highest quality Graded and un-graded coins.
2. Bidorbuy
People can place their bids for Mandela coins on an online auction platform called Bidorby. On this site, you can start placing your adverts immediately. People can start with a smaller amount and increase as people bid for your product.
Bidorbuy is a perfect solution for selling with the help of sophisticated eCommerce tools and with a minimum of investment. bidorbuy offers great exposure to vendors as it is open for trading 24 hours a day, 7 days a week.
As a result of bidorbuy’s effective marketing campaigns, goods on the site are exposed to a high volume of traffic. That is why bidorbuy is attracting a variety of sellers, from independent entrepreneurs to larger online retailers.
Which Bank Buy Mandela Coins In South Africa?
The South African Reserve Bank (SARB) buys Krugerrand, Protea series, and Natura series gold coins including Mandela gold coins from the public. However, the SARB will only pay for the gold content of each coin, and no premium is paid for the scarcity/collectability of the coin.
Mandela Coins Selling Price?
The selling price of Mandela coins starts from R500 which is an offer from the SARB. The value of the Mandela coins varies among authorized coin dealers in South African. Depending on its’ rarity, the price can range from a thousand Rand to ten thousand Rands.
Gumtree Mandela Coins Buyers
Classified ads on Gumtree are either free or paid for depending on the product category and the geographical market. That being said, you can post an advert for your coins on Gumtree.com in order to reach potential buyers.
To sell your Mandela coins o reach buyers for your coins on Gumtree, follow the steps below;
- Sign up to Gumtree and create an account.
- Once your account is ready, click “Post an ad,”
- Select a well-suited category for your coins
- Upload photos and a description
- Input the price
- Input your contact information.
To get a better reach on Gumtree, you can pay for listings. This allows more people to see the products and services you are offering.
Note that while posting an ad on Gumtree is free, it is advisable to pay for listings. The reason is that it allows more people to see the products and services you are offering.
However, it would be best if you take precautions in dealing with buyers.
Can I Sell Mandela Coin At Reserve Bank?
Yes, the South African Reserve Bank (SARB) resumed the limited service of purchasing gold coins from the public at the SARB Head Office
The purchasing of legal tender gold coins from the general public is offered on Wednesdays, between 08:30 and 12:00 on an appointment-only basis.
Where To Sell Mandela Coin Long Walk To Freedom
You need to present the gold coin/s to the gold coin teller at the South African Reserve Bank (SARB) Head Office in Pretoria with proof of residence, proof of ID, and a bank statement. It is
You can also sell your Coin on the various eCommerce websites such as SA Coin, Ananzi, OLX, Gumtree, Bidorbuy, eBay