Mandela Coins (from Mandela Inauguration Coin (1994), Mandela 90th Anniversary Coin (2008), R5 Mandela Centenary Coin (2018)) at Polokwane the Traditional Way (Banks, Authorized Coin Dealers, or Coin Collectors) can be sold at ) or electronically, such as through e-commerce platforms and social media platforms such as Facebook, Instagram, Whatsapp and Twitter.

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.

Where to Sell Mandela Coins – Price List and Which Banks Buy

Many people collect South African coins, such as the Nelson Mandela coins, as a hobby, but there is more to this practice than many people imagine. First, the process is more valuable since these coins can be sold for a profit to the right buyer. Mandela coins, for example are some of the most lucrative coins you can invest in. You may want to know how much they cost currently if you have a few of them around. However, it only makes sense if you can get the actual cost of the coins and also the know-how and where to sell them.

Generally, these coins are meant to serve as recognition of South Africa’s legends’ input. It is impossible to talk about the history of South Africa without mentioning these coins. These commemorative coins have been circulating since their launch on the eve of Nelson Mandela’s 90th birthday. Coin collectors continue to seek out these valuable coins.

You go the South African Reserve Bank (SARB) for your coin purchase. When you go, you will need to show the coin(s) to the gold coin teller at the SARB Head Office in Pretoria along with proof of residence, ID, and a bank statement. The bank will then use the current market gold price and dollar exchange rate to calculate the currency price offered for the coins on the day of selling. 

Ananzi

This is a platform that will help you when you seek to sell your coins. Besides that, it also offers placement consulting services if you want to sell the coins quickly. This is great for sellers who want a quick advertisement and sell deal. The website’s interface is straightforward; thus, anyone can use it. You have to visit the site and navigate through the page to get to the ads. Once here, fill out an available form and then wait for an agent to reach out to you for further instructions on how to proceed.

Bidorbuy

If you are a South African or follow South African news, you probably know that Bidorbuy is one of the country’s contemporary marketplaces. It is open for the easiest ways to sell your products in Pretoria. This platform offers an excellent and secure choice for people selling items. You can count on them to sell practically anything legal. To use their service, you need to visit the website and signup if you do this for the first time. Then, go to the sell an item section on the menu, undersell, and register. You can then upload the listing of the items you want to sell, in this case, your Mandela coins. Once done, wait to respond to the potential customers that make inquiries under your item.

Interestingly, you are not restricted on the number of items you can post or sell per time. However, remember that you will have to pay 1 to 5 percent of the item’s price for each product sold. If these terms and conditions are favorable to you, you can try selling your Mandela coins on the platform. It is easier and faster since most people will certainly be visiting the site, so you should consider taking advantage of this. Additionally, you never have to worry about dealing with unscrupulous buyers since the cash is paid directly to the platform, thus avoiding the headache of following up on payments.

Price Check

This site helps you decide how you want to price your coins. The last thing you want to do is underprice the coins and shortchange yourself, or overprice them and chase away potential buyers. Price check helps you compare the different prices of platforms that sell these coins and helps you come up with a reasonable average. It is a good idea to start your search on Price Check. You need to know if it is worth it to sell the coins or wait until the prices are favorable to sell.

Final Thoughts

Mandela coins are a prized possession to own. However, knowing where to sell and what price makes a huge difference. Take time to ensure you are making the right choice.