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stevedel65

Mandela Coins?????

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Had to laugh at this one...

 

2008 Birthday R5 - last 2 boxes of 50* sequential barcodes GRADED MANDELA R5 BIRTHDAY COIN MS66 very NICE grade!!!!!!! for sale in Pretoria / Tshwane (ID:25034965)

Sequential BARCODES on grading.. making the COINS valuable? Just ZAR8,500 worth. I thought this factor only applied to numbers on bank notes!!

 

What will they think of next.

 

Human creativity never ceases to astonish me!

 

There is one thing that really WORRIES me... we have fifty Mandela coins in this bid submitted to NGC for grading and every one was an MS66....

 

With the tiny blemishes on a coin making a grading change what are the chances of FIFTY sequential MS66 Mandelas? Maybe this is a good buy (but I won't be bidding)!

 

PS while one is unlikely, in my view, TWO is just WRONG! Yes.. there's another set of FIFTY ... http://www.bidorbuy.co.za/item/25027774/a_box_of_50_sequential_barcodesGRADED_MANDELA_R5_BIRTHDAY_COIN_MS66_very_NICE_grade.html and its slightly cheaper!

 

OMG I just found the motherload... ONE HUNDRED MANDELAs GRADED MS66 .. you guessed it - SEQUENTIAL BARCODES with just three MS67s!

 

a steal at just ZAR18,000

 

http://www.bidorbuy.co.za/item/25597625/ONLY_1_BOX_100_sequential_barcodes_GRADED_MANDELA_R5_BIRTHDAY_COIN_MS66_PLUS_BONUS_3_MS67.html

 

Someone has spent a great deal of money on grading and slabbing Mandela coins.. whatever happened to the old hobby of fossicking for that hidden treasure? And what are the chances of NGC grading fifty consecutive coins MS66? In my view something is not right here unless NGC were instructed to grade a large batch of coins and then slab them consecutively by grade.

 

But does that make the "batches" listed above rare or valuable? And would NGC REALLY do this? If so, why?

 

Kind regards

 

Scott Balson

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Guest Guest

Sadly, he is probably one of the victims of this Mandela coin grading scam.

 

I am ALMOST tempted to buy the coin but will not.

 

I wonder how Madiba would react if he knew just what was going on, I know he would not be happy.

 

In 2007 when I travelled through the old OFS I stopped off at a historic old farm and met the (white) owner who gave me, in an exchange of gifts, a ZAR5 Mandela coin which he believed was "rare".

 

Kind regards

 

Scott Balson

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alloway65

Hi All,

With some of the high volumes of Graded Birthday Mandela R5 Coins on offer, the overall cost to have had all these coins and more NGC Graded must have been horrendous….the sellers in most cases will not even recoup their costs.

 

I had a couple of dozen of my Birthday Mandela R5 Coins locally Graded and was fortunate to have a MS68 and some MS sets which have all been sold or given to my Grandchildren as mementos of Madiba!

 

With the glut of these coins on offer on BoB at the moment and with the very negative narratives given on BoB, my remaining R5 Mandela Coins have been locked away…at least at present…for posterity!

Regards

David

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Dulal
Sadly, he is probably one of the victims of this Mandela coin grading scam.

 

I am ALMOST tempted to buy the coin but will not.

 

I wonder how Madiba would react if he knew just what was going on, I know he would not be happy.

 

In 2007 when I travelled through the old OFS I stopped off at a historic old farm and met the (white) owner who gave me, in an exchange of gifts, a ZAR5 Mandela coin which he believed was "rare".

 

Kind regards

 

Scott Balson

 

 

Hi Scott

I see you not only as a true collector but also as a specialist in this discipline.Now if you are tempted to by the coin than I see myself as a good candidate to jump in in this bandwagon easily. And there is lot of people like me.

Till date, I don`t have any Mandela 2008 graded coin. Should I acquire few, or not. If yes.what? Need advice. Anybody wellcome.

 

with regards

Dulal

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kyle2

Hi Dulal, try and get the highest graded coins, the others are depreciating in value rapidly as more are found, the most common are MS66, and if you can find a MS67, anything less than that, you will be wasting money. Don't become a 'grade collector'. A fundimental rule of coin collecting is to try and get the best example of the coin you want. At the end of the day, it is a personal choice and you will find the coins you want to collect. I collect the silver SA coins and get great pleasure from finding mint edition coins, when you see that highly reflective silver coin for the first time it almost looks like a silver liquid.

Thats just me, but please obtain as much expert advice as you can, and please be careful when buying the Mandela parking tokens as another bobber calls them.:P

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Dulal
Hi Dulal, try and get the highest graded coins, the others are depreciating in value rapidly as more are found, the most common are MS66, and if you can find a MS67, anything less than that, you will be wasting money. Don't become a 'grade collector'. A fundimental rule of coin collecting is to try and get the best example of the coin you want. At the end of the day, it is a personal choice and you will find the coins you want to collect. I collect the silver SA coins and get great pleasure from finding mint edition coins, when you see that highly reflective silver coin for the first time it almost looks like a silver liquid.

Thats just me, but please obtain as much expert advice as you can, and please be careful when buying the Mandela parking tokens as another bobber calls them.:P

 

Hi Kyle2

Many thanks.

 

regards

Dulal

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BumbleBee
Hi Dulal, try and get the highest graded coins, the others are depreciating in value rapidly as more are found, the most common are MS66, and if you can find a MS67, anything less than that, you will be wasting money. Don't become a 'grade collector'. A fundimental rule of coin collecting is to try and get the best example of the coin you want. At the end of the day, it is a personal choice and you will find the coins you want to collect. I collect the silver SA coins and get great pleasure from finding mint edition coins, when you see that highly reflective silver coin for the first time it almost looks like a silver liquid.

Thats just me, but please obtain as much expert advice as you can, and please be careful when buying the Mandela parking tokens as another bobber calls them.:P

 

You're definitely on the right track with the silver coins, I am still trying to build up a complete collection of silver proteas, had a case custom made for them too. Everyone that visits gets to see, whether they want to or not :D They're my absolute favourites.

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