NEW 2018 R.5 Mandela Coin.
First things first ! To all of you who think because Mandela are on a coin it got to be valuable , NO ! The previous Mandela coins are not rare nor valuable ! Millions where minted.
Malusi Gigaba introduce the new R5 coin for national circulation. (19th January)
Celebrating the life of Nelson Mandela who would have celebrated his centenary on 18 July 2018.
On it the South Africa’s coat of arms on the obverse, replacing the Black Wildebeest (or Gnu).
The reverse is a portrait of Mandela alongside a latent image featuring the years 1918 and 2018.
Coin is legal tender as of 1 January 2018, and holds the same value as all other R5 coins.
Although South Africa’s first decimal coin series was released in 1961, no R5 coins were minted until 1994. In that year, two R5 coins were issued: the reverse of the first commemorated the presidential inauguration, while the second depicted the Gnu.
Since 1996, South Africa’s 11 official languages have been acknowledged annually, in rotation, with the words “South Africa” written around the obverse of the coin.
READ MORE HERE ABOVE ALL RIGHTS TO THAT WEBSITE
Regarding R.5 Mandela Coins , Griqua Town , Wildebeest , Union Buildings etc . Please read below links to REALISE THERE IS NO MORE VALUE TO YOUR R.5 COIN than R.5
ITS R.5 , if you put it away for 10 years its value will still be R.5 , you have in your wallet coins dating back to 1997 , are your 10c worth more than 10c because its 10 years old ? NO .. spend your R5 or buy Lotto.
When is a R5 coin not a R5 coin?
Never, says the Reserve Bank, responding to "numerous" queries about the value of the commemorative Griqua Town R5 coin.
The coin entered circulation in 2015 to commemorate the 200th anniversary of the Griqua Town coin — which the South African Mint says was "the first local currency of a South African people".
The Bank said on Monday that these coins were "normal circulation" coins and were worth their face value, R5.
"If you receive one of these coins as change, please do not hold on to it. Use it to make a purchase so that the next person can also experience the beauty of the coin," the Bank entreats people. READ HERE
There is nothing rare about Mandela R5 coins
You must have come across commemorative coins in your loose change – the ordinary circulation coins that recall 10 years of democracy, the presidential inauguration in 1994, the cricket World Cup in South Africa and other milestones in our history.
A LOT of people may have saved a few of these coins in the hope that they
will be worth a bit in the future.
The R5 coins with the face of former president Nelson Mandela have a special nostalgic appeal, and the most recently issued one was to celebrate his 90th birthday in 2008.
These, remember, are simply R5 coins.
There is nothing special or rare about them – more than 22 million were issued by the South African Mint.
But a lucrative trade has developed in which clever sellers convince gullible buyers that certain R5 Mandela coins are extremely rare and are therefore worth a lot of money. Any coins could be sold in this way, but by far the most popular is the Mandela 90th birthday R5, issued in 2008 READ HERE
Commemorative coins have no extra value – SARB
The South African Reserve Bank (SARB) says commemorative coins are not worth any more than their face value.
In a statement issued on Monday, the bank says it is pointing this out because it has received numerous enquiries on the value of the R5 commemorative circulation coins.
It notes that commemorative circulation coins, such as the R5 Griqua Town coin, are ‘normal’ circulation coins that form part of all the other coins already in circulation.
“These circulation coins, whether ‘normal’ or commemorative, are all worth their face value, which is R5 in the case of the R5 Griqua Town circulation coin.”
It adds, should consumers receive one of these coins as change, they should not hold on to it.
“Use it to make a purchase so that the next person can also experience the beauty of the coin.”
SARB explains it issues commemorative circulation coins as part of its currency production function. “These coins are issued to commemorate a person or an event that has had a significant impact on society. Such coins are always produced in large quantities and are made available and accessible to the public at face value. READ HERE
Investors’ in R5 Mandela coins ripped off
If you have paid thousands of rands for a R5 Mandela coin, which you bought as an investment, you are neither an investor nor a collector.
You are a “victim” Glenn Schoeman, the president of the South African Association of Numismatic Dealers, says.
A R5 circulation coin commemorating Nelson Mandela’s 90th birthday is worth R5. It contains no precious metal and it is not rare. But cunning dealers, exploiting Mandela’s iconic brand, have talked up a market around these coins, which are on sale for anything from a couple of hundred rand to R1 million.
“The biggest problem in numismatics [coin collecting] at the moment is the Mandela R5 coin.
That’s where the bulk of the rip-off is occurring,” Peter Wilson, the chairman of the National Association of Numismatic Societies, says.
“We have been warning the market for some time: there is little that’s rare about the Mandela R5 coin. And, no, it is not an investment,” he says.
