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Coining it

Feb 08 2012 07:33

A Fin24 reader asks: If I invest in coins will I be able to create wealth for myself? And do I have to go for any coin I come across?

Shabucks Ismail, the sales manager at Bucks N Gems, an offshoot of SA Coins, responds:

Yes you can create wealth with coins but not all of them. When it comes to investing, do it tax-free with a wide variety of graded mint coins.

Graded coins are of high standards and quality according to a scale of 1-70. The higher the grade, the better the quality and high grades carry a heavy price tag.

But you do not have to go for any coin. The Mandela series of R5 coins are the fastest appreciating rare coins on the planet. They have been expanding more rapidly than any rare coin issue in history.

The three of the known specimens of the 90th birthday of the Nelson Mandela R5 coins have recently been sold for R100.000 each.

These coins are expected to be trading at R150 000 each by the end of this year.

Gold and silver will always be a good investment. When selling gold or silver, it would depend on more than just the gold or silver price.

It depends on how many were created and how many were sold and most importantly how many are in existence at the time. The fewer there are, the more valuable they become.

- Fin24

investing  |  money


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