Where is the SA Justice System when you need them?

[Pierre_Henri 76]

I found this on the SA Coin website today - Isn’t it time that someone takes these guys to court?

 

THE INAUGURATION R5 PROOF-69 COINS ARE UNDERVALUED AND PROVIDE AN EXCELLENT INVESTMENT OPPORTUNITY

 

With the sale of the finest known (PF70) rare Mandela Proof Inauguration for R750 000 there is a vacuum that exists between the one finest known specimen and the second finest known specimens in Proof-69 condition.

 

Only 216 of these coins have been graded by PCGS and NGC.

 

They are currently selling at R45 000 a coin and are a steal at that price. By then end of the year these coins should be selling with ease at around R100 000. You do not have to be a rocket scientist to work out that if a PF-70 sold for the priceof R750 000 and there is only one, that with a ratio of 1-216 that the coins (PF69) are very, very undervalued at R45 000.

 

Well, the PF69 are actually selling for around 2% of that ludicrous amount at R1 000 at the moment ...

 

1994 Nelson Mandela Presidential Inauguration R5 : NGC Graded PF69 Ultra Cameo

 

Can you just imagine someone paying R45 000 for that same coin today?

 

Where is our justice system?

 

Pierre

[Just Beachin 10]

If I had R45,000 to funnel into my hobby, I'd make darn sure it was worth the investment! Let the buyer beware!

[Jongleur 10]

The math ratio is wrong anyway. How do they arrive at R 45 000.00 ?

[jwither 17]

The math ratio is wrong anyway. How do they arrive at R 45 000.00 ?

 

They just made it up. Just like all the other ridiculous clamis they make.