Coin collecting is not just a hobby in South Africa, it is an investment. Some South African coins are worth way more than you can think. Mandela coins are among the most valuable South African coins. If you have some tucked somewhere, we bet you know the current Mandela coin value. The problem is that most of the people have no idea where to sell them. Read on to discover seven places where to sell Mandela coins.
These are commemorative coins made to honour the life and contribution of Mandela to South Africa. Although they were intended for general circulation, they are limited edition coins hence valuable because of their rarity. Mandela coins value fluctuates from time to time due to market changes. Also, there is no official Mandela coins price list to regulate the coin market. There are places where you can sell them for a pretty sum. The following sites are some of the most accessible places to strike a deal and make some good cash.
OLX is one of the leading classifieds platforms with a presence in 50 countries. It allows users to post free ads of items they want to sell and find buyers on the site. You can sell off your collection on this site, and it is not complicated at all. Follow these simple steps:
- Visit the website
- Click on "Sell your item"
- Choose a category, probably Hobbies & Interests
- Type in a title, e.g., 2008 Mandela 90th Birthday R5 Coin
- Type a detailed description
- Complete seller information
- Upload clear photos
- Upload your details
If the price is right, interested people will contact you.
Bidorbuy is an online shopping platform where you can sell items through both fixed prices and auctions. You can list your stuff on Bidorbuy free of charge and only pay a small commission once your sale is complete. To sell, observe the following steps:
- Visit the website and select “Sell an item” to register as a seller
- Create a listing for your item
- Reply to potential customers' queries in a timely manner and wait to receive orders
The good thing with Bidorbuy is that payment is made directly to Bidorbuy hence eliminating the hassle of dealing with unreliable buyers. Take note of Bidorbuy's commission rates so that you can factor in the commission when pricing.
Gumtree is another site where you can sell all kinds of stuff and services.
All you have to do is 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, add photos and a description, input the price, and then put your contact information.
Note that while posting an ad on Gumtree is free, it is advisable to pay for listings for better visibility on search.
eBay is an online marketplace where you can sell anything through auctions and customer-to-customer sales. In an eBay auction, you start the bid at a specific price. Potential buyers will then bid for them until the auction closes after a particular number of days. The highest bidder gets the item. Alternatively, you can opt for the “Buy it now” listing where you set a fixed price and wait for a buyer. You get the advantage of a global market with eBay.
However, with eBay auctions, buyers tend to stay away from high starting prices. You’ll need to be prudent with pricing.
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5. Junk Mail
The brand name aside, Junk Mail, is pretty big in classified advertising. You can place a free ad on Junk Mail through the following steps:
- Visit their homepage and click "Place a free ad"
- Select a suitable section and category. If none is ok, select "Other stuff"
- Write a product description
- Select a region or location
- Upload your Mandela coins photo
After that, wait for buyers to view your ad online then contact you.
Ananzi is also an online classifieds platform that offers ad services to sellers seeking to advertise online. They also provide consultancy on ad placement. People successfully sell through Ananzi. The procedure is quite simple; all you have to do is visit their website, go to ads, and fill out a form. Finally, wait for an Ananzi agent to contact you with further instructions on the next steps to take.
7. SA Coin
As the name suggests, SA Coin deal mostly in Mandela currency. The site refers to itself as South Africa’s Largest Mandela 90th Birthday Coin dealer. If you are looking for where to sell Mandela R5 coin, this is the place.
Apart from rarity, another factor that influences the price is its state or condition. If they are in good condition, contact this buyer for evaluation. They have a reputation for offering amazing prices.
Does the Reserve Bank buy Mandela coins?
Well, SARB only buys gold coins that are accepted as legal tender, and these include Krugerrands, Natura range, Protea range.
If you were wondering where to sell Mandela coins in Pretoria or any other place, you know the answer now. Do not keep asking, "How do I sell coins?" Just go online. With the convenience of selling online, you can even place your ads across all platforms to increase your chances to sell. The e-commerce platforms listed above are all reputable, and all you have to do is sign up, upload, sell, and make fantastic instant cash. While on these platforms, you may find an ad reading Mandela coins wanted. However, remember that pricing should be wise. Do thorough research on pricing so that you do not set your price too high or too low. Now that you know where to sell Mandela coins go forth and make money.