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SilverSurferZA

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  • Posts

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  • Country

    South Africa

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  • Gender
    Male
  • Location
    Durban, South Africa
  • Stacker/Collector
    Both

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  1. In a discussion on a Facebook group, the issue was raised that these "altered" Krugerrand coins were illegal to own or sell in South Africa, as it was deemed in breach of The Reserve Bank Act - tampering with legal tender. I know these themes are also applied to other bullion coins (pretty much all of them), but I am not sure of laws related to legal tender in other countries. I have been trying everywhere to find out who are making these coins, as I am dying to find out by what authority they are doing this. Any ideas?
  2. I am not a fan of graded coins. From what I have seen, unless you find a serious collector looking for a specific coin and grade (and grading company), you don't get your money's worth. Also, milk spots that appeared after grading pretty much destroyed any hope of getting my money back on a few of my coins.
  3. Now we are talking! The 1997 is quite special!
  4. In 2017 the South African Mint celebrated the 50th anniversary of the popular gold Krugerrand. On this occasion they released their first ever silver Krugerrands (all privy marked and only in proof and premium uncirculated versions), and also a one-time only release of a proof platinum Krugerrand. With a mintage of only 2,017 I am very lucky to own one of these beauties.
  5. Apart from starting with the cheapest silver and all the rest, more to your question on looking for premium coins... The best advise I can give you is to know the best prices in your country/city/area and look out for bargains on any/all bullion coins. Kookaburras, Koalas, Pandas are al higher premium coins, but as they are more collectable due to different designs each year, their value seems to go up with time. There are also key dates that you should look out for e.g. 2015 Panda was the last 1oz Panda (2016 onward only 30g), and not marked with content, fineness or weight. I like to collect series coins like the Queen's Beasts, Creatures of the North, Australia's Most Dangerous, Myths and Legends and many more. If you get a good price on these collections, you should at least make a bit of money over time, if not making a nice profit selling to another collector. Do not sell your bullion to a coin shop if they only pay spot. CRAZY! Get on forums like this, or local buy and sell trading platforms where you can buy and sell from like minded stackers and collectors. I have never sold a coin for less than what I paid. Watch out for crazy prices on Silver Eagles - they might be big in the US but here they are expensive, and you don't get your money back on them.
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