Sterling edged higher as traders cut bets on jumbo UK hike. Photo by Sarah Agnew on Unsplash
South Africa’s MOST VALUABLE COIN is worth R15 million!
South Africa’s most valuable coin could be worth an estimated R15 million. Here’s what you should know about this coin, and others.
Sterling edged higher as traders cut bets on jumbo UK hike. Photo by Sarah Agnew on Unsplash
South Africa’s most valuable coin could be worth an estimated R15 million.
If you’re into currency trading, then you might find a single local coin with some history that’s worth more than most cryptocurrencies.
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It’s not the kind of thing that you’d find under your bed or at a garage sale, but you might have some other valuable coins in your collection that are worthwhile.
Here’s what you should know about the single rarest and most valuable piece of currency in the country.
South Africa’s 1898 Single 9-Pond Coin
According to Cointrader, the most valuable coin in the country is the 1898 Single 9-Pond Coin.
It’s estimated to be worth approximately R15 million, according to the information available.
Why is it even worth this much?
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It’s South Africa’s rarest coin, and only one of them was ever produced. Made during the Anglo-Boer war, this coin was meant as a symbol of the country’s steadfastness.
If you won the LOTTO jackpot, would you consider buying exactly one coin with the money?
South Africa’s other valuable coins
There are other valuable coins in South Africa, including the Sammy Marks Tickey from 1898.
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Going into more recent Southern Africa history, the Mandela 100 birthday coin is also valuable for some collectors if some conditions are met.
Some coins might be worth more than R500, while other coins fetch exorbitant jackpot-like amounts like R15 million at a time.
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If you think you’ve got a special coin, a currency expert can have the coin issued a grading. Coins that aren’t in circulation (in use) are worth more, and must be certified authentic by an expert first.
The coin scam
Always be careful when dealing with currencies!
Valuable coins are everywhere, but scams are just as prominent for South Africa’s collectors. The Internet Crime Complaints Centre warns against users buying counterfeit coins passed off as real.
Never believe what anyone tells you on the internet. Check with an expert!
If you’re going to buy currency, buy only from reputable retailers and consult a coin expert.
