While everyone seems to be delving into cryptocurrencies during the past few years, there is still money to be made with conventional money. In fact, there are some rare coins that can be worth a pretty penny. The Mandelacoin is a South African R5 coin, which features the face of Nelson Mandela. As you should already know, Mandela was the South African President from 1994 to 1999. Depending on the specific Mandela coin that you have, it could be worth as much as a million rand. This guide will teach you how to sell your Mandela coins for once and all.
Where To Sell Mandela coins
In reality, there are plenty of great places to sell Mandela coins, but some are riskier than others.
First and foremost, you may want to consider visiting your local flea market. There, you will be able to find tons of individuals who are interested in rare coins.
You can also try auction websites. Unfortunately, both of these options are limited and a little risky.
Don’t expect to get top dollar prices from these locations. If you really want to get the most out of your Mandela coins, you should visit Cointrader.co.za. The website has gained a great reputation and they offer reasonable prices for the rarest Mandela coin on the planet.
Mandela Coins Selling Price
So, why would anyone want to sell Mandela coins in the first place? The answer should be obvious. These coins can be worth a lot of money.
Nevertheless, you must understand that some versions are worth a great deal more than others. At the same time, it is pertinent to understand that the condition of the coin can make a big difference. If it is tarnished and in poor condition, you can expect to get a lot less out of your coin. If it is in mint condition, it’ll sell for far more.
Take the 2004 R5 Mandela coin as an example, this coin can sell for as much as R 5 000. Some coins are worth much more. The 1994 Inauguration R5 coin has been known to sell for as much as R 10 000. If you’ve got a Mandela coin or two sitting around your home, you’re really sitting on a gold mine!
Beware Of Scams When Selling Your R 5 Mandela Coins
Unfortunately, there are a lot of scammers out there and they want to make money. These individuals want to pay nothing for your Mandelacoins, so they can make all of the money for themselves. This is something that you’ll need to protect yourself from when dealing with Mandela coins. As mentioned above, it is possible to sell Mandela coins at local flea markets and on online auction websites. Just be cautious! Do your research and make sure that you’re dealing with a trustworthy individual. Also, make sure that you’re getting a fair price for your coin.
With a little bit of caution, you’ll be able to sell your coin and get a reasonable price.