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  • Nelson_mandela_90th_birthday_r5_coins

    Was just wondering if these coins are really worth anything , I`m not a expert and don`t know anything about coins thats why I`m asking:

    2008 Birthday R5 - UNCIRCULATED NELSON MANDELA 90TH BIRTHDAY R5 COINS EACH IN ITS OWN ZIPLOCK BAG for sale in Pietersburg / Polokwane (ID:26903160)
    Click here to VIEW MY ITEMS!

  • #2
    They are neither rare or valuable, it is a phenomenon which happened due to people hoarding these coins and is perpetuated by unscrupulous sellers making rediculous claims such as the one mentioned in your post. That being said, ignorance prevailed and I also bought some of these coins before learning more about the subject and now sit with coins which won't sell at the moment.
    These coins are popping up in change everywhere nowadays.
    If you can find a MS 68,69,70, it might be worth aquiring them or a proof version. Anything less than that is as they say, fools gold.
    Ambient Music is the Wallpaper of my Mind

    Click Here to View My Items For Sale

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    • #3
      Thank you Kyle, please check out my other post (nothing to do with coins thought) maybe you would like to comment on that here is the link: http://forum.bidorbuy.co.za/communit...-merobila.html
      Originally posted by kyle2 View Post
      They are neither rare or valuable, it is a phenomenon which happened due to people hoarding these coins and is perpetuated by unscrupulous sellers making rediculous claims such as the one mentioned in your post. That being said, ignorance prevailed and I also bought some of these coins before learning more about the subject and now sit with coins which won't sell at the moment.
      These coins are popping up in change everywhere nowadays.
      If you can find a MS 68,69,70, it might be worth aquiring them or a proof version. Anything less than that is as they say, fools gold.
      Click here to VIEW MY ITEMS!

      Comment


      • #4
        I have been giving these coins some thought, and it may seem strange but it is actually a way to double your money quickly i.e. earn a 100% profit.

        I am talking here about the normal R5 pocket change version, not any of the graded stuff.

        These normal coins easily fetch R 10, even here on BoB and even some dealers will pay R10 for them. I know I do, because they make awesome introductory gifts to new clients. Add one to your business card and suddenly you have 'one upped' your competition. Now, I am not saying I will buy hundreds or thousands but I will buy quantity.

        So, you have your product cost which is R5 and your income is R10, then it is not such a bad investment after all. It will certainly beat most of the more traditional investment vehicles.
        Items I am selling.

        Comment


        • #5
          I agree with you PBGold, no matter what people say about these particular coins there will be someone out there who will buy a coin(s) like these for personal reasons.


          VIEW MY ITEMS!


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          • #6
            Mandela 90th Birthday Proof Still Holding Value!

            Hi All

            The Mandela 90th Birthday R5 in UNC Condition have really dropped in price BUT the Proof 69 still holding a value of R25000-00....

            See These Auctions Below From When We Started Selling the PF69's..... Interesting.....

            http://www.bidorbuy.co.za/item/21572685/FINALLY_HERE_Mandela_90th_Birthday_R5_NGC_PROOF_69 _Ultra_Cameo_First_on_Bid_or_Buy_R1_Start.html

            http://www.bidorbuy.co.za/item/22244698/FINALLY_HERE_Mandela_90th_Birthday_R5_NGC_PROOF_69 _Ultra_Cameo_First_on_Bid_or_Buy_Last_One.html

            http://www.bidorbuy.co.za/item/23149165/Look_Mandela_90th_Birthday_R5_NGC_PROOF_69_Ultra_C ameo_R1_Start.html

            http://www.bidorbuy.co.za/item/23583857/Look_Mandela_90th_Birthday_R5_NGC_PROOF_69_Ultra_C ameo_R1_Start.html

            http://www.bidorbuy.co.za/item/24398767/Look_Mandela_90th_Birthday_R5_NGC_PROOF_69_Ultra_C ameo_Sunday_Special.html

            http://www.bidorbuy.co.za/item/24332376/Look_Mandela_90th_Birthday_R5_NGC_PROOF_69_Ultra_C ameo_R1_Start.html

            http://www.bidorbuy.co.za/item/25444648/Look_Mandela_90th_Birthday_R5_NGC_PROOF_69_Ultra_C ameo_Sunday_Special.html

            http://www.bidorbuy.co.za/item/24831504/Look_Mandela_90th_Birthday_R5_NGC_PROOF_69_Ultra_C ameo_R1_Start.html

            http://www.bidorbuy.co.za/item/27462875/Look_Mandela_90th_Birthday_R5_NGC_PROOF_69_Ultra_C ameo_R1_Start.html

            http://www.bidorbuy.co.za/item/28138695/Look_Mandela_90th_Birthday_R5_NGC_PROOF_69_Ultra_C ameo.html

            http://www.bidorbuy.co.za/item/28378328/Look_Mandela_90th_Birthday_R5_NGC_PROOF_69_Ultra_C ameo.html


            As you notice we have sold a few on bid or buy. First One Sold For R47500-00, now the price is set at around R25000-00...
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            • #7
              I also think it is a bit of a stretch to say that these coins have lost value simply because the prices on Bidorbuy have dropped.

              An auction website should never be used as a price guide or measuring stick for value or prices. It is very inaccurate and a slave to the fickle whims of the public in general. Countless times I have heard or read that a product has lost value because it is currently selling for less on BoB than it was in previous months. Countless times I have heard or read that something is a 'bad investment' or just a 'bubble' because the prices on BoB have dropped.

              BoB is not a price Bible, nor should it ever be. It is an auction site. Just because a coin sells for less today than it did a month ago does not suddenly mean that that coin is rubbish or a bad investment.

              In fact, the mechanisms of the auction will inevitably dictate that the products that originally fetch higher prices will drop in price as time goes by. Why? Because everyone sees that these products are selling at high prices and then the listings are flooded with these self same products, which of course drives the prices down. There will also be 'undercutting' of auctions with Buy nows i.e. a seller will see that an auction is going up nicely and will then put up a Buy now at the same price, effectively stopping the auction dead in its tracks. And then another seller will come along to under cut that Buy now in turn, and so on.

              Thus, a product seems to lose 'value' and starts attracting negative comments. However, the product has lost no value at all. The price has simply dropped on one auction site.

              The same can be applied to these graded Mandela R5s. The first coins to appear fetched high prices. Everyone saw that and also wanted to make money so they listed tons of the R5s, resulting in lower prices. So to say that these coins are worth nothing is simply false.

              Their price has dropped because of flooding by sellers..on BoB. It has nothing to do with investments or bubbles at all.

              This is why an auction site is useless as a price guide.
              Items I am selling.

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              • #8
                Originally posted by PBGold View Post
                I also think it is a bit of a stretch to say that these coins have lost value simply because the prices on Bidorbuy have dropped.

                An auction website should never be used as a price guide or measuring stick for value or prices. It is very inaccurate and a slave to the fickle whims of the public in general. Countless times I have heard or read that a product has lost value because it is currently selling for less on BoB than it was in previous months. Countless times I have heard or read that something is a 'bad investment' or just a 'bubble' because the prices on BoB have dropped.

                BoB is not a price Bible, nor should it ever be. It is an auction site. Just because a coin sells for less today than it did a month ago does not suddenly mean that that coin is rubbish or a bad investment.

                In fact, the mechanisms of the auction will inevitably dictate that the products that originally fetch higher prices will drop in price as time goes by. Why? Because everyone sees that these products are selling at high prices and then the listings are flooded with these self same products, which of course drives the prices down. There will also be 'undercutting' of auctions with Buy nows i.e. a seller will see that an auction is going up nicely and will then put up a Buy now at the same price, effectively stopping the auction dead in its tracks. And then another seller will come along to under cut that Buy now in turn, and so on.

                Thus, a product seems to lose 'value' and starts attracting negative comments. However, the product has lost no value at all. The price has simply dropped on one auction site.

                The same can be applied to these graded Mandela R5s. The first coins to appear fetched high prices. Everyone saw that and also wanted to make money so they listed tons of the R5s, resulting in lower prices. So to say that these coins are worth nothing is simply false.

                Their price has dropped because of flooding by sellers..on BoB. It has nothing to do with investments or bubbles at all.

                This is why an auction site is useless as a price guide.
                BoB does however remain as one of the market outlets and as such can be used as some measure - it bows to the normal supply & demand issues of a free market system. Besides for that - buyers become more educated over time (th elonger a product is on the market) which also influences their buying pattern.

                Renaldo


                View my auctions in the Coins & Notes section

                Comment


                • #9
                  Auction Site Are the Best Price Guide!

                  Hi PB Gold

                  You mentioned that auction sites cannot be used as a price guide - so then which prices to we go with.....

                  Herns, Krause, etc.. prices are not all correct..... So best is to use good auction sites like this as a guideline! It is the best way to see how the market changes from month to month.....


                  We honestly believe that auctions sites like Bid or Buy or Ebay are the cheapest places to get coins - NOT ALWAYS but in most cases....

                  BUT ALWAYS REMEMBER YOUR COINS ARE ONLY WORTH WHAT THE BUYER IS PREPARED TO PAY!!!!

                  Give you a simple example, we sold a 1892 Proof Penny about a month ago off bid or buy for R630 000-00, but the buyer really needed the coin to complete his proof set. It was a finest known specimen....That does not set the price at that for another one... We do have another finest known for sale and in todays market we will probably get less than R630 000-00.... So all coins only worth what the buyers are prepared to pay!!!!
                  Last edited by EWAAN Galleries; 13-11-10, 20:48.
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                  • #10
                    Yep, I hear what you are saying, there are very few definitive sources for prices.

                    But, using your example, if you did list that finest known again and it sold for, let's say, R 530 000 (R 100 000 less) on BoB you would have an army of people telling the world how bad that coin is because it lost R 100 000 in 'value' in a few months. Even though that may be wrong, it is still the reality, because so many people consider BoB to be a price Bible, which it is not.

                    I have found the same is true for most products. The old adage of perception is more important than reality comes to mind here.

                    BoB is probably the cheapest place to find coins but this is more due to the fact that 95% of Bobbers are dealers themselves, so they are not willing to pay higher prices because they have to factor their own margins in for resale. Which makes it a strange situation as BoB has positioned itself as competition to the coin dealers of the country.
                    Items I am selling.

                    Comment


                    • #11
                      The answer is so simple

                      There is only one simple rule.

                      Supply and demand. If the demand is there the price will rise; if it is not it will fall.

                      Nothing complicated about this.

                      Books by Hern and others are simply a guideline and all it takes is two keen bidders to blow a price out of the water or no interest in the auction to see the price collapse. My personal view is that Hern's prices on tokens are amazingly unreliable and have little or no basis although his books do help in the identification of most important tokens. That is the value of Hern's books in my opinion. To a large degree this simple philosophy relates to the supply and demand argument.

                      My personal opinion is the way to go is to sell a coin at a price way below what the "market" suggests because that creates initial interest. Once several buyers are involved in a listing they tend to follow it closely and an element of "winning" and their piqued interest starts driving their bids. When I see listings with reserve prices way above the "market value" I bookmark them and, almost without exception, see that they attract no bids while simlar items following my simple strategy often attract much higher bids in fierce competition.

                      The psychology of buying is no different to that of selling - we all want to make a good investment/return.

                      PS I have no hesitation in recommending Bid or Buy, in my opinion, as the best online auction for sellers of South African coins and it is no surprise to me that record prices are achieved here - nothing to do with the seller - like social networking - it is all to do with the specialist audience and those attracted to a listing.

                      Kind regards

                      Scott Balson
                      Last edited by ndoa18; 14-11-10, 10:28.

                      Comment


                      • #12
                        Catholic News | Vatican Euro Coins Are Put Into Public Circulation | American Catholic

                        These circulated Vatican Euros are also not rare, but difficult to get a hold of.

                        Under the terms of last year's agreement, instead of being limited to a total annual coin value of just under 1.1 million euros, the Vatican will be authorized to mint coins worth up to 2.3 million euros with the expectation that nearly half of those coins are put into public circulation.
                        Seems like you just can't get enough of a good thing.
                        Last edited by Cold Sea; 14-11-10, 18:06.

                        Comment


                        • #13
                          The only valid measure of prices for ANY coin is actual sales. So regardless of whether the prices fluctuate a lot or not, auctions are the best indicator of their real value. Price guides, especially for those which are only annual such as Hern or Krause, are effectively worthless for determining value.

                          As for the Mandela 90th BD coin, its only natural that the price would decrease over time given how ridiculously common it is in actuality. There is a vast supply of these coins available in all grades except for "conditional' rarities. And all conditional rarities are only "rare" in a narrow, arbitrary, artificial and imaginary sense. Conditional rarities sell for absurd prices in the United States also and I still cannot figure why anyone would ever pay such exorbitant prices for a coin which is so common and does not even look that different from others which are one or even two points lower on the grading scale.

                          I recently checked the prices of this coin, the 2000 Mandela 5R and the 1994 Inauguration 5R on the South Africa Coin Company website. The prices for conditional rarities ranged from (I believe) almost $100,000 for the latter two (PR-69 UCAM and PR-70 UCAM) to an incredibly $338,000 for an MS-68 2008. If these are actual prices, then they are undeniably the most overpriced coins in the world.

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                          • #14
                            Mandela 90th Birthday PF69 Sells For R30100-00 on a Crazy R1 Start.....

                            Very Interesting auction that attracted a lot of interest.... Proof Birthday Coin Still Holding Value of over R25000-00

                            Graded - Look @@@ Mandela 90th Birthday R5 NGC PROOF 69 Ultra Cameo - NOW @@@ R1 Start was sold for R30,100.00 on 17 Nov at 21:03 by EWAAN Galleries in Johannesburg (ID:28200890)
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                            • #15
                              Sorry Mohammed

                              I could not and would never pay that price for a modern coin.

                              But someone has - so well done.

                              PS Totally agree with your comment above...

                              Herns, Krause, etc.. prices are not all correct..... So best is to use good auction sites like this as a guideline! It is the best way to see how the market changes from month to month.....
                              Cheers

                              Scott Balson

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