Did you know that collecting coins is not just a hobby but also an investment?
Mandela coins have more value than you think in 2022.
If you have some tucked somewhere, you may want to sell them for some cash.
A five Rand coin with a Mandela portrait. Photo: @Getty ImagesSource: Getty Images
Before you do this, you should know how and where to retail them.
Mandela coins arecommemorative coinsmade to honour the life and contribution of the late Nelson Mandela to SouthAfrica.
People with these special legal tender can trade them for a certain amount.
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It is necessary to mention that their value fluctuates due to market changes.
Is the Mandela coin worth anything?
The South African Mint releases special coinsto commemorateformer South African president, the late Nelson Mandela.
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Various pop-up stores in malls around South Africa also sold them.
R27 out of each one sold was donated to the Nelson Mandela Foundation.
Where to sell Mandela coins online
Have you been wondering how to sell Mandela coins in 2022?
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If so, check out these online platforms you might use to earn some cash.
The steps involved are enumerated below:
3.
To use this platform, follow the steps listed below.
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Junk Mail
One of the biggest classified ads platforms in South Africa isJunk Mail.
you could place a free ad on the platform to sell your Mandela coins using the steps below.
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5.
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Ananzi
Ananzi is another classified ads platform in South Africa.
It offers ad services to sellers seeking to advertise online.
The steps to follow are listed below.
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Which bank buys Mandela coins in South Africa?
Can I sell my coins to the bank?
This means that if you have a collection, you will get the value of the gold they contain.
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Does Nedbank buy Mandela coins?
Numerous people wonder which bank buys Mandela coins.
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Does FNB buy Mandela coins?
Selling Mandela coins to FNB is not possible because the bank does not purchase them.
Is it safe to sell online?
E-commerce has become common in South Africa.
Although online selling platforms are generally safe, you mustalways exercise cautionwhen transacting online.
Always remember that there are hackers and unscrupulous traders online.
Which R5 coins are worth money?
However, not all of them have the same value.
Usually, a commemorative R5 coinwill fetch youabout R5.
However, people sell them on various online platforms for a higher amount.
How much is the 2008 Mandela R5 coin worth?
Knowing where to sell Mandela coins is essential for everyone who wishes to purchase or sell these commemorative coins.
Before buying or selling, ensure you know the prevailing market rates for various denominations.
DISCLAIMER: This article is intended for general informational purposes only and does not address individual circumstances.
Any action you take upon the information presented in this article is strictly at your own risk and responsibility!
South Africa has a hybrid legal system.
The civil law was inherited from the Dutch, while the customary law was derived from indigenous African communities.
To study law, you must have gone through high school and passed your exams.
She has a Bachelor of Commerce & IT from the University of Nairobi and joined Briefly.co.za in November 2019.
The writer completed a Google News Initiate Course.
you’re able to email her at perisrodah254@gmail.com.
She holds a Diploma in Mass Communication and a Bachelors degree in Nutrition and Dietetics from Kenyatta University.
Cyprine joined Briefly.co.za in mid-2021, covering multiple topics, including finance, entertainment, sports, and lifestyle.
In 2023, she finished the AFP course on Digital Investigation Techniques.
She received the Writer of the Year awards in 2023 and 2024.
In 2024, she completed the Google News Initiative course.
Email: cyprineapindi@gmail.com
