Why are Mandela coins wanted so much?
Well, as we all know, one of the the most famous men on the planet, Nelson Mandela, his head is on this coin and that makes this coin very unique and a very special coin. Should you ask all the people on the planet, 7 billion people, should you ask them who is the most famous man, the majority of them would have to say it’s Mr. Nelson Mandela. This makes this coin really, really special. It is the first time in the history of the world that a government minted money to commemorate somebody’s birthday, and this was Mr. Nelson Mandela. He turned 90 years old in 2008, and they only made 5 million of these coins. Our country has got about 46 million people, and people collecting Mandela coins wanted one for their collection, but not everybody could get one. This makes this coin very, very special and sought after. Considering there’s about 50 million coin stamp collectors worldwide that is active. Their coin collection is just not complete without a coin like this, which is what makes these Mandela coins wanted.
Another reason that makes these Mandela coins wanted is that whenthey came out, and they were supposed to be circulated, they simply weren’t. They just disappeared. And any coin that should go into circulation and doesn’t generally creates more value over time, than a mint. Because a mint is specifically for an investor. A coin that’s supposed to go in and be five rand and be circulated in the market, and isn’t, creates a totally different environment in terms of what its wealth will be, or its worth will be, in time to come. So yeah, that’s really why.
Which variants of the Mandela coins are the most valuable today?
1) 1994 Mandela Inauguration Coin
1994 was a year of great change, and marks the year of Nelson Mandela’s inauguration as President of South Africa. What makes this Mandela Coin wanted? It goes without saying. This event is a once in a lifetime even that completely changed the path of South Africans forever. It was the beginning of our rainbow nation! As with the other Mandela coins, there were only so much released into circulation, and most of them were snatched up by investors and collectors, leaving very few left for the rest of us. If you find yourself in possession of one of these, hang on to it! It is a special piece of history!
2) Mandela 90th birthday coin
The most popular of the Mandela coins are the 90th Birthday Coin. These coins were released in 2008 marking a very special day of Madiba.
The reality is, if one looks at any famous person, any famous piece of art, once they’ve gone, the value of those collectibles go drastically up. They’re not going to be able to make another 90th Mandela coin. Its just never going to happen again. So now you have a very limited amount of an item, and now that Mr. Mandela is passed, these R5 coins are going to become rarer and rarer. And will just keep going up and up in value.
3) 2015 Griqua R5 Coin
The Griqua Town coinage was the very first currency to be released in South Africa all the way back in 1815. This Griqua R5 coin was released to mark the 200th year of the Griqua Town. As a matter of fact, the image imprinted on the coin is actually a rendition of the original coin, interesting!
Again, only a limited amount of these were released into circulation and they were all snatched up very quickly into private collections! They are still floating around, but if you get your hands on one of these, be sure to keep it in a safe place!
Where can I sell these Mandela Coins?
The fact that it’s so sought after worldwide, that makes it such a good investment. You must remember that it’s only five rand coin, but it’s already selling for thousands of rands because of the demand. The people really want this coin. There’s only a limited edition that makes it the world first as well to make 5 million coins limited edition. If you can get one that’s untouched, that makes it even more rare. That really makes it a good investment. Percentage wise, the square has already grown by a couple of million percent in the last two and a half years.
Do you want to sell them? Well, you can make a tiny fortune by selling them today, or you can hold on to them for a while longer and you investment should increase even more. While it is important to note that there is always a risk that the coin might devalue during unforeseen circumstances and politics, and for that reason some people will rather opt to get rid of them while they know what they are worth.