Post Office Sells unclaimed Mandela Coin for R9000 at Auction

[Pierre_Henri 24]

Not sure if you will be able to read the script -use the little magnifying glass to enlarge.

 

http://i37.photobucket.com/albums/e71/Pierrex/PostOffice1.jpg

[ATOMICSQUIRREL 10]

Can't make out the coin, picture very blurry. What do you think that coin was worth Pierre? R9000.00?

[MiemsJewels 12]

Why do Witspos suddenly comes to my mind?

[MiemsJewels 12]

Can't make out the coin, picture very blurry. What do you think that coin was worth Pierre? R9000.00?

 

O ja, ATOMIC SQUIRREL, you look gr8!

[Pierre_Henri 24]

Can't make out the coin, picture very blurry. What do you think that coin was worth Pierre? R9000.00?

 

I must be honest -I also cannot make out the coin - it looks more like a medallion to me? Not sure if it is worth what was paid for it or if a sucker bought it?

 

It looks huge - any Mandela specialist collectors out there who could identify it?

 

(If it is really scarce then maybe the original owner could be traced - now THAT would be wonderful although I suspect that he/she forfeited ownership by defaulting?)

 

Pierre

[Cold Sea 1]

I was at the preview of the auction, could not stay due to other commitments and also I do not collect Mandelas. I can recall only two lots, both mainly Mandela medallions from Mint of Norway, so I think the price in the newspaper could have been for a lot (about seven or eight medallions per lot). I do not recall loose coins or medallions on offer. I saw at least one BOB seller, so maybe they stayed and can shed some light.

 

The medallion in the photo is similar to this one.

 

[Pierre_Henri 24]

[ATTACH=CONFIG]2770[/ATTACH]

 

Must be worth a fortune as this could be a one /once only NGC graded issue - look at the spelling of Nobel Prize ...

 

Pierre

[ATOMICSQUIRREL 10]

Must be worth a fortune as this could be a one /once only NGC graded issue - look at the spelling of Nobel Prize ...

 

Pierre

 

Can a spelling error like that in the label increase the actual value...or were you joking?

[ATA STAMP CENTRE 49]

Hi All

I can clarify this matter -it is a MANDELA 1993 nobel laureate pure silver medallion ag 999 proof,Minted by the mint of norway-20 GRAMS 39 MM IN DIAMETER.

The bid price as claimed is slightly incorrect as the winning bid was R8750 with 10% auctioneers commission and 14% vat added,

This was not for a single coin but a joblot consisting of 19 coins in total-two lady di silver medallions and a booklet with a joint issue mandela and de klerk medallion.

SO the reporter got it wrong as the bid was R8750 FOR THE WHOLE LOT not a single coin.The 2nd lot went for R5600 ALSO FOR 10 of these same SILVER MEDALLIONS.

These are the proof mandela medallions and when graded they can sell at R2000 Plus for high proof grades,

How do i know this?

I was the winning bidder on both these lots and i sold one of these medallions last night on crazy wed for R1310.00 A GOOD RETURN as each coin cost around R620.00.I Shall offer a few more each week and the balance i will have graded at some later stage.

REGARDS NEIL

[Cold Sea 1]

Hi Neil,

 

Correct me if I'm wrong, but I think there was a single De Klerk unc booklet type issue (slighty damaged corner) in the second lot that you mention that interested me.

[ATOMICSQUIRREL 10]

Hi All

I can clarify this matter -it is a MANDELA 1993 nobel laureate pure silver medallion ag 999 proof,Minted by the mint of norway-20 GRAMS 39 MM IN DIAMETER.

The bid price as claimed is slightly incorrect as the winning bid was R8750 with 10% auctioneers commission and 14% vat added,

This was not for a single coin but a joblot consisting of 19 coins in total-two lady di silver medallions and a booklet with a joint issue mandela and de klerk medallion.

SO the reporter got it wrong as the bid was R8750 FOR THE WHOLE LOT not a single coin.The 2nd lot went for R5600 ALSO FOR 10 of these same SILVER MEDALLIONS.

These are the proof mandela medallions and when graded they can sell at R2000 Plus for high proof grades,

How do i know this?

I was the winning bidder on both these lots and i sold one of these medallions last night on crazy wed for R1310.00 A GOOD RETURN as each coin cost around R620.00.I Shall offer a few more each week and the balance i will have graded at some later stage.

REGARDS NEIL

 

Sneaky Squirrel!!:nuts:

[ATA STAMP CENTRE 49]

Hi Neil,

 

Correct me if I'm wrong, but I think there was a single De Klerk unc booklet type issue (slighty damaged corner) in the second lot that you mention that interested me.

HI

yes, you are correct but it was part of the first lot no.247 ,THE LARGER lot that was on offer-i currently have it listed on bob.

Regards

NEIL