On the very first coin, however, they made a mistake by stamping the “9” too large and it protruded into the silhouette of President Kruger. Without the new dies, the Dutch were forced to use existing dies from 1898 and stamped a number “9” on the obverse to denote the coin to be 1899 coinage. Unfortunately, the German-made dies were intercepted and seized by British forces on their way to South Africa. The country lacked the dies to allow coinage at home and so contracted a mint in Germany to produce the dies. The coin was produced amid the Anglo-Boer war with the country then seeking international legitimacy. The story behind it is pretty impressive too. There is only one of these coins in existence and it was last sold to a private buyer who wished to remain anonymous for the price of R20 million, that about $4 million. The 1898 Single 9 Pond is currently worth R15,000,000. That’s quite a statement to make about the value of a coin, so without further ado, what is the 1898 Single 9 Pond worth today? It is the only coin of its kind ever made which has valued it among the most expensive coins in the world. The 1898 Single 9 Pond is first on my list, as well as worth the most out of all the coins I found during my research. The rarest coins tend to be the ones used years ago when they were not minted in mass, and a good number may have been lost or reminted over time leaving only a few ones in circulation. Collectors seek to have it to complete their sets while investors want it for its appreciating value over time. The rarity of a coin like any other item in the world makes it exclusive and drives up demand. The main ones are the rarity of the coin, the material it was made from, the purpose of the coins or what it is associated with and finally the condition of the coin at the point of its sale. Several factors may drive a coin’s value to stratospheric values. Such coins are what drive most famous coin collections and grab attention for the prices they fetch at auctions. Here are 10 of the most valuable South African coins: With that in mind, I decided to build my top ten list of the most valuable coins in South Africa. There are times where rare South African coins appreciate so much that they become worthy investment tools. Most of the time, coins are usually priced based on their face value which is not often a lot.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |