How to turn a R5 Mandela coin into R5,000
Have you been lucky enough to get your hands on a Mandela R5 coin? If so, there is a good chance that you’re eager to transfer it into 5,000 Rand or even more. The Mandela coin is one of the most sought after. Therefore, it is worth a pretty penny. Of course, it is important to understand that there are several different types of R5 Mandela coins and they’re not all equal.
Within this comprehensive guide, you will learn all about these coins and how to turn yours into R5000.
Types Of Mandela Coins
Now, you should know that there are several different types of Mandela coins. The biggest differential between them is the time in which they were released to the public. In 2008, the Nelson Mandela 90th birthday coin was released.
Today, this is considered to be one of the rarest coins of all. As the name implies, this coin celebrates Mandela’s 90th birthday. The 2000 Millennium Coin is also very rare. This coin was released as a way to show respect to Mandela when he retired as State President. The 1994 Inauguration coin celebrates Mandela’s inauguration as President.
How Much Is The 2008 Mandela 5 Rand Coin Worth?
If you’re really, really lucky, you’ll be able to get your hands on a 2008 Mandela 5 Rand Coin. As mentioned above, this is the rarest of Mandela coins and it tends to be more valuable. The bi-metallic coins feature the bust of Nelson Mandela, as well as the national arms of South Africa. In the early days, these coins weren’t worth a whole lot. In fact, before the passing of Mandela, it would have been possible to purchase one of these coins for five to fifteen dollars. This has changed significantly.
Value Of Mandela R5 Coin After His Death
As mentioned above, the Mandela R5 Coin’s value soared to new heights after the President’s death. Today, this coin is considered to be the most valuable Mandela coin of all. Several years ago, three of these coins sold for R100,000 or $10,000 each. Today, the coins may be worth even more. As long as you do your research and find the right buyer, there is a good chance that you’ll be able to make a bundle.
Where To Sell Mandela Coins
If you are loaded down with Mandela R5 coins, you will be happy to learn that there are a variety of places that you can get rid of them. Of course, you have the option of using BidorBuy, eBay and other online auction sites, which are great because individuals from around the globe can literally go through bidding wars over your coins.
While this might offer the highest prices, if you don’t have the time to wait around for individuals to go through a bidding war, you have other options as well. One of these options could be selling to a coin company.
As you already know, all Mandela coins are worth something. Nevertheless, it is the 2008 Mandela 5 Rand coin that takes the top spot. This coin is incredibly valuable. Just remember to use some caution when attempting to sell your coin. Make sure that you choose a reputable dealer and be sure that you get top dollar for the coin!