Loading...
See More

Coining it

Feb 08 2012 07:33

Related Articles

Offshore investing gets easier

Wealthy follow the trail to London

How I beat the S&P 500

Why choose an RA?

Islamic finance unpacked

Holiday homes: fun, but a flawed idea

 

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
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
8 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...