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stevedel65

Mandela Coins?????

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stevedel65

But Wait! It gets better!!!

 

2008 Birthday R5 - wf-20 2008 mandela @@rare in ths low grade@@the only one on bob for sale in Johannesburg (ID:25065971)

 

WF 20.. RARE IN THIS LOW GRADE... now where is my cheque book when I really want it! (Can someone tell me what WF means?)

 

:mad:This has become absolutely ridiculous!!!!!!!!!!!!!

 

but Scott I think I know what WF stands for "WHAT the F#*(^ " have I just bought HE HE HE:D

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Pierre_Henri

WF-20 - Wery Fine perhaps?

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Vertigo

Weasel Fund ( denotes where the money goes)

Will fluctuate ( value will only go down )

will Frown ( apon receiving specimen)

whynot Free ( will ask themselves after a while)

Whereis Fire ( Only Place that wants the coin)

Which firearm ( Frustration will boil over )

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ECONOZONE

Yes I think they left out the T.

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Guest Guest

Well folks

 

We have a resolution!.. The grading company apparently left out the t.. it should have been WtF 20

 

I wonder what the prefix for "15" would be? BS Perhaps?

 

Kind regards

 

Scott Balson

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Guest Guest

300 Mandelas for sale

 

Am I missing something here or is this a classic BS (see my last post on bottom of previous page)? Is the coin displayed representative of its 299 "unseen, untouched but rubbed through contact" brothers in arms? Maybe these should be affectionately classed as WtF coins.. ;-).. on a similar line to the Sammy Marx ZAR 1d of recent days..

 

2008 Birthday R5 - !!! SALE !!! 2008 Mandela Birthday R5 Coin UNC, from Sealed Bank Bag !!! SALE !!! for sale in Mossel Bay (ID:24866568)

 

QUOTE: UNTOUCHED DIRECT FROM SEALED BAG -!! BIDDING PER COIN !!

 

The current winning bidder has bid nearly ZR50 per coin on ALL 300.... ouch

 

Kind regards

 

Scott Balson

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kyle2

It seems that less people are spending huge anounts on these things, values are dropping!

2008 Birthday R5 - sacgs set ms63,64,65,66,67 2008 birthday coins was sold for R555.00 on 21 Jul at 20:31 by ProductExchange in Johannesburg (ID:24016312)

Fetched just R550.

 

This set would have fetched nearly R2000.00 a while ago.

The MS63 alone would have fetched R600!

Well this seller may just have covered his costs for these coins I think.:rolleyes:

By the time the bidder of the bank bag gets them posted, graded and sent back, they'll be making a loss.:D

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Guest Guest

Reminds me of the days of Eli Levine and the proof Kruger Rand (1980s)

 

Kind regards

 

Scott Balson

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stevedel65
Well folks

 

We have a resolution!.. The grading company apparently left out the t.. it should have been WtF 20

 

I wonder what the prefix for "15" would be? BS Perhaps?

 

Kind regards

 

Scott Balson

 

Hi Scott

 

Love the "BS" hysterical.:DI think you must register as "GRADING SPECIALIST" and start a new hype.We can grade all our pocket change and retire very shortly;).I will be one of your first customers .HE HE HE

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kyle2

Collections & Sets - ULTRA SCARCE SACGS SET!!!!!!GRADED MANDELA R5 b-day coins 2008 mint state (ms63/64/65/66/67) for sale in Pretoria / Tshwane (ID:25060111)

R1699 Is this wishful thinking?

 

 

2008 Birthday R5 - sacgs set ms63,64,65,66,67 2008 birthday coins for sale in Johannesburg (ID:25065986)

Currently R360

 

Same item from the same grading company, vastly different value.

Amazing. Maybe the first one is more scarce than the second one!

 

Looks like the Tilt a Whirl carnaval ride has become unstable! people want to get off!:D

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alloway65
Reminds me of the days of Eli Levine and the proof Kruger Rand (1980s)

 

 

Me too, bought and sold a few KRP's in the 80's.....also if my memory is in tact the guy who bought the company after Eli ended up in big trouble!:rolleyes:

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Guest Guest

Decimal coinage

 

Hi Pierre

 

Makes me think back on the ridiculous claim by some that the Griquatown token coins were a form of "decimal coinage".

 

Kind regards

 

Scott Balson

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Guest Guest

The BS factor just took on new meaning!

 

Same seller on Mandela Birthday coins...

MS67 started at ZAR20 (bids currently ZAR205 each)

 

See: Graded - ## 20 AVAILABLE one bid one coin - NGC MANDELA B/DAY R5 - MS 67 VERY HIGH GRADE ## for sale in Burgersfort (ID:24968885)

 

AU53 started at ZAR47 bids now ZAR522

See: Graded - @@ YES !!!! AU53 - NGC GRADED - MADELA BIRTH DAY 2008 R5 COIN @@ for sale in Burgersfort (ID:25025710)

AU50 started at ZAR32 bids now ZAR515 (Apparently Only 16 graded)

 

See: Graded - ## AU50 - NGC MANDELA B/DAY R5 - ONLY 16 GRADED ## for sale in Burgersfort (ID:25025661)

 

beats breaking into someone's home to take their money!

 

Would love to know who is behind this seller!

 

This is how I read it should be....

 

MS67 - ZAR120 (buyers loss ZAR85)

AU53 - ZAR10 (buyers loss ZAR512)

AU50 - ZAR5 (buyers loss ZAR510)

 

And the auction still has two days to go. .. OUCH!!

 

Just my opinion.

 

Kind regards

 

Scott Balson

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PBGold

Gentlemen, I suggest using the 'notify community watch' function if you have a problem with a seller.

 

I don't think that this forum should be used to trash a Bobber.

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ZARBOY

Hi

 

I think it is an error in the listing description. The photo clearly shows a 1897 2 Shilling in SACGC Slab with 2 shilling desrciption.

 

Regards

 

Thomas van der Spuy

ZARBOY

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Pierre_Henri
I think it is an error in the listing description. The photo clearly shows a 1897 2 Shilling in SACGC Slab with 2 shilling desrciption. ZARBOY

 

Yes it was a description error, as were other items he or she listed like a ZAR 2 1/2 Cent (sic)

 

I think the seller has no idea what exactly he/she was selling and tried to make sense from the abbreviations on the capsules.

 

Scary times indeed.

 

Pierre

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Dulal
Am I missing something here or is this a classic BS (see my last post on bottom of previous page)? Is the coin displayed representative of its 299 "unseen, untouched but rubbed through contact" brothers in arms? Maybe these should be affectionately classed as WtF coins.. ;-).. on a similar line to the Sammy Marx ZAR 1d of recent days..

 

2008 Birthday R5 - !!! SALE !!! 2008 Mandela Birthday R5 Coin UNC, from Sealed Bank Bag !!! SALE !!! for sale in Mossel Bay (ID:24866568)

 

QUOTE: UNTOUCHED DIRECT FROM SEALED BAG -!! BIDDING PER COIN !!

 

The current winning bidder has bid nearly ZR50 per coin on ALL 300.... ouch

 

Kind regards

 

Scott Balson

 

Hi Scott

I think people are buying in bulk to grade them in a hope to get MS68 and upwards. If someone managed to get a MS70 we all hear a screaming noise ONLY ONE IN THE WORLD: RAND 3 MILLION. If it is sold in that price, next day it will be news headline. Than bid will be no more ZR50, atleast 10 times more or higher. Than -------`good news for numismatcs`! What you think?

 

regards

Dulal

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Guest Guest

Hi Dulal

 

I think that, depending on storage, seeing the coins have been bagged together for a couple of years you would be lucky to get an MS66 in the lot.

 

And I also speculate that the guy who sold them either worked for a bank or the Reserve Bank.

 

PS Maybe there will be a BS 15 in there that might make the buyer's fortune.. lol

 

Kind regards

 

Scott Balson

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brands online

perhaps it's short for wtf!!! ;):)

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ECONOZONE

When are you people going to get over these Mandela coins, there is a market for them.If someone wants to buy them let them.You will be surprised what buyers are going to pay for these rare grades in 5 years time.Maybe it is not true coin collecting but a lot of the collectors are not interested in other coins.

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Pierre_Henri

What rare grades?

 

You will be surprised what buyers are going to pay for these rare grades in 5 years time.

 

That is exactly the issue here. What rare grades?

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jwither
When are you people going to get over these Mandela coins, there is a market for them.If someone wants to buy them let them.You will be surprised what buyers are going to pay for these rare grades in 5 years time.Maybe it is not true coin collecting but a lot of the collectors are not interested in other coins.

 

You are confudsing two different considerations. No one should care what is bought and what is paid for a coin if it is an alternative to consumption.

 

But if anyone is making the claim that there will be a market for "rare" grades at some exorbitant price indefinitely when these grades are for lower graded coins, they have absolutely no idea what they are talking about.

 

What exists today with these coins is a MANIA. These coins might carry a premium versus others of comporable or slightly higher scarcity in the future, but these coins are not remotely scarce or rare at all.

 

What is happening is that either sellers are ignorant of the propoer way to interpret the NGC and PCGS census or they are doing so intentionally. And the buyers are equally igonorant.

 

Paying huge premiums and exorbiiant prices is nonsensical enough for a common coin just because it is 'rare' in the highest grade. Doing so for a common coin in alower grade makes no economic sense at all. The real reason why these grades are "rare" is because since they are recent and have not circulated or hardly at all, there has been little opportunity to do so.

 

The other point I would make is that these other "collectors' who only buy these coins are almost certainly not even collectors at all. They are speculators or at most, the casual collector who has been fooled into believing that these coins are scarce when they are not.

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kyle2

Case in point,

2008 Birthday R5 - **MS62,MS63,MS64,MS65,MS66**!! Mandela 90th Birthday Set!! SACGS!! was sold for R440.00 on 29 Aug at 18:01 by home in the dome in Parys (ID:25334589)

 

Two sets just sold for R440 each!, thats just less than the cost of having them graded and postage!

The so called rare MS62 which was sold for upwards of R2000 or more was included in this set!

People are starting to feel the pain I'd say.

The mania seems to be grinding to a halt perhaps!:P This is not the first set to have been sold recently with a cost or less value.

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