Last Updated on January 8, 2023
Are you searching for where to sell Mandela coins in South Africa? This guide is for you.
The Mandela coins are minted South African currencies (coins) that came out in limited numbers. The hype of celebrating a freedom fighter and the first black president of South Africa brought these coins into the limelight. They have been circulating since their launch on the eve of Nelson Mandela’s 90th and 100th birthday. There is also Mandela Inauguration Coin from 1994 which holds value like the coins from Mandela’s 90th and 100th birthday.
Table of Contents
Mandela Coin Buyers Contact
You can contact the South African Reserve Bank (SARB) for your coin purchase. You need to present the gold coin/s to the gold coin teller at the SARB Head Office in Pretoria with proof of residence, proof of ID, and a bank statement. It is important to note that the prevailing market gold price and dollar exchange rate are used to calculate the price offered for the coin/s on the day of selling.
You can also find buyers from the various eCommerce platforms such as SA Coin, Ananzi, OLX, Gumtree, Bidorbuy, eBay.
To get the contact of buyers, you can create a profile for your account and post adverts for your coins.
Which Bank Buys Mandela Coins In South Africa?
The South African Reserve Bank (SARB) buys Krugerrand, Protea series, and Natura series gold coins including Mandela gold coins from the public. However, the SARB will only pay for the gold content of each coin, and no premium is paid for the scarcity/collectability of the coin.
Mandela Coins Selling Price
The selling price of Mandela coins starts from R500 which is an offer from the SARB. The value of the Mandela coins varies among authorized coin dealers in South African. Depending on its’ rarity, the price can range from a thousand Rand to ten thousand Rands.
Gumtree Mandela Coins Buyers
Classified ads on Gumtree are either free or paid for depending on the product category and the geographical market. That being said, you can post an advert for your coins on Gumtree.com in order to reach potential buyers.
To sell your Mandela coins o reach buyers for your coins on Gumtree, follow the steps below;
- Sign up to Gumtree and create an account.
- Once your account is ready, click “Post an ad,”
- Select a well-suited category for your coins
- Upload photos and a description
- Input the price
- Input your contact information.
To get a better reach on Gumtree, you can pay for listings. This allows more people to see the products and services you are offering.
Note that while posting an ad on Gumtree is free, it is advisable to pay for listings. The reason is that it allows more people to see the products and services you are offering.
However, it would be best if you take precautions in dealing with buyers.
Can I Sell Mandela Coin At Reserve Bank?
Yes, the South African Reserve Bank (SARB) resumed the limited service of purchasing gold coins from the public at the SARB Head Office as of Wednesday, 8 September 2021.
The purchasing of legal tender gold coins from the general public is offered on Wednesdays, between 08:30 and 12:00 on an appointment-only basis.
Where To Sell Mandela Coin Long Walk To Freedom
You need to present the gold coin/s to the gold coin teller at the South African Reserve Bank (SARB) Head Office in Pretoria with proof of residence, proof of ID, and a bank statement. It is
You can also sell your Coin on various eCommerce websites such as SA Coin, Ananzi, OLX, Gumtree, Bidorbuy, eBay
Where To Sell My R5 Mandela Coin
The value of the R5 Mandela circulation coin remains R500 and is subjected to a change in value. However, the gold Mandela coins forming part of the Natura series of gold coins are bought back by the South African Reserve Bank (SARB) at the prevailing gold price. You can sell your Mandela coins to the SARB and other approved financial entities.
Where To Sell Madela Coins In South Africa
You can sell your Mandela Coins in South Africa ranging from the Mandela Inauguration Coin (1994), Mandela 90th Birthday Coin (2008), and the Mandela’s 100th Birthday R5 coin (2018) via traditional means (Banks, Authorised coin dealers, or coin collectors) or by yourself on eCommerce platforms.
Due to the rarity and value of Mandela coins, its’ collection has become an investment that can grow into something mind-blowing after a while. Many South Africans have the coins in possession but do not know how and where to sell them. There are several places online where you can sell Mandela coins. These platforms allow you to list your coins for them to reach buyers or customers.
How to Sell Mandela Coins to the SARB
Clients need to present the gold coin/s to the gold coin teller at the SARB Head Office in Pretoria with proof of residence, proof of ID, and a bank statement. It is important to note that the prevailing market gold price and dollar exchange rate are used to calculate the price offered for the coin/s on the day of selling.
How to Sell Mandela Coins Online
1. SA Coin
SA Coin has the largest Mandela 90th Birthday R5 Coin Collection in South Africa or probably the world. All our coins are untouched and un-circulated. So you can be assured of the highest quality Graded and un-graded coins. Click here to visit Sa Coin to sell your Mandela Coins now
2. Bidorbuy
People can place their bids for Mandela coins on an online auction platform called Bidorby. On this site, you can start placing your adverts immediately. People can start with a smaller amount and increase as people bid for your product.
Bidorbuy is a perfect solution for selling with the help of sophisticated eCommerce tools and with a minimum of investment. bidorbuy offers great exposure to vendors as it is open for trading 24 hours a day, 7 days a week.
As a result of bidorbuy’s effective marketing campaigns, goods on the site are exposed to a high volume of traffic. That is why bidorbuy is attracting a variety of sellers, from independent entrepreneurs to larger online retailers. Learn how to sell on bidorbuy Multichannel with bidorbuy and uAfrica
3. OLX
Another eCommerce platform to sell your Mandela coins is OLX. users are given the opportunity to place ads of their products on OLX which is pushed to buyers across your region and beyond. OLX is a free classifieds platform where users place their adverts without any cost. However, if you need to reach more buyers, you can pay an amount to list your advert on the top of the selling page.
4. Gumtree
Gumtree is a very popular website with tons of users. ‘Put it on Gumtree,’ has become a favorite South African saying. The platform has helped millions of people buy and sell millions of things including rare stuff such as the Mandela coins.
Gumtree is a trusted, familiar space that’s easy to navigate, and a classified site that just works – whether via your mobile phone or desktop. Hence, you shouldn’t take too much time before you will start receiving notifications from folks interested in buying your Mandela coins. But if your listings aren’t getting better visibility on search, you can consider paying for listings on Gumtree.
5. Junk Mail
Junk Mail is now one of South Africa’s leading free classifieds portals. The platform connects buyers and sellers on multiple devices with ease. Selling your items or finding something you need has never been this easy.
Visit the Junk Mail website and click “Place a free ad”. Then, opt for the right section and category and fill in other necessary information. Choose your location and also add pictures of your coins. Once you have completed the process, you can then wait for buyers to view the ad and then contact you.
6. eBay
eBay is a global commerce leader that connects millions of buyers and sellers in more than 190 markets around the world. The platform allows its users to sell almost everything including Mandela coins. You can create a profile or an advert for your coins on eBay and interested buyers will contact you in due course
Sell Mandela coins to buyers in Johannesburg CBD only
- Visit any of the platforms mentioned above place a “free ad” or you can opt for a “paid ad” in order to reach more potential buyers.
- Choose your category and fill in other necessary information.
- Now when choosing location for your advert, select your preferred location, in this case ‘Johannesburg CBD’ and add pictures of your coins.
- Once you have completed the process, you can then wait for buyers to view the ad and then contact you.
IMPORTANT: When meeting or completing transactions with buyers, you need to take the needed precautions.