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 Replies: 24 / Views: 4,563 |
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Moderator
 United States
6563 Posts |
It's worth about 8$ in silver value. Krause doesn't list a mintage. Honestly I don't think these will be very collectible but ya never know what can happen in 5, 10, or 50 years.
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Pillar of the Community
 United Kingdom
2217 Posts |
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Pillar of the Community
Australia
1091 Posts |
Beautiful coin, nice size at a great price.
A 100 mintage is extremely low for any coin. At that mintage you will always be able to show people a coin that they don't have in their collection.
Nice series... 'Millennium Icons'... will you be collecting more?
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Pillar of the Community
United Kingdom
2217 Posts |
I may well be!
(Hmmm don't tell me you have the rest?)
Thanks for saying something positive too, I thought nobody was going to be nice... :(
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Pillar of the Community
United States
5362 Posts |
The problem with rarity is that a market HAS to exist. There are many high value coins that are not really too rare but everyone wants one - 1955 Doubled die US cent is a good example (25-50,000 plus mintage).
Then there are other NUMEROUS issues with low mintage that stay at or near issue price for EVER. This is especially true of the more modern proof commemerative coins.
I went through a low mintage phase in the mid-1960s. It was driven by my God Father who was possessed with low mintage issues. The last time I checked most of my world proofs were worth less today that when I bought them.
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Pillar of the Community
United Kingdom
2217 Posts |
And on a postive note, it does contain a picture of nelson mandela, one of the greatest figures of the 20th-century etc...
Where do markets emerge from anyway and who necessarily cares?
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Pillar of the Community
United States
5362 Posts |
A "collector" does not care about market. I collect counterfeits after all an I certainly am doing so as a collector. But earlier, the issue of something being a "good investment" was raised. In that case, MARKET potential is critical. Crossing from collector to investor can be an eye opening experience.
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Moderator
 Australia
16842 Posts |
Another key to maximising market value, as an investor, is timing. The value of Olympic coins, for instance, spikes every four years, with the hype leading up to each games. With this coin, I suspect it's value will spike at the time when the great man eventually passes away, and everyone wants a souvenir to remember him by - especially a "lifetime" souvenir like this one.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Valued Member
United States
459 Posts |
Bad investment and an even worse representation of Mr. Mandela. Often times we are blinded by our own interests. This often happens when an individual tries a to start a new business...not everyone will share the same passion/interest. Look at the price of these commen. when released as compared to current prices. Compare that to 2006 ASEs. Like Sap stated "market value"...these would be a good investment if you purchased all 100, destroyed 99 of them, and then off'd Mr. Mandela to create some kind of demand....
Edited by Benji
05/29/2007 12:57 am
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Pillar of the Community
United Kingdom
2217 Posts |
Well that would be smart would it? How about the money it cost to actually buy the item? rofl!
Edited by NumisMattyUk
05/29/2007 10:31 am
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Valued Member
United States
459 Posts |
You are right Numis. You might as well buy the coin if you will enjoy owning it and for $10 you won't lose the house...
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Valued Member
France
285 Posts |
For who collects circulation coin there is especially the grade of the coin. For example in France the 5 Francs 1936 and 1939 with relatively important mintages (186,000 and 157,000) are very very rare in XF and cost for 1936 1,500 euros ($2,000) and 1939 5,000 euros ($6,750) !!! I'm sure that there would be buyers for this price or a little less because they are very required. Another example the Francs bronze alu 1947 with very important mintage (2,662,000)is very hard to find in fine grade. In XF cost 1,200 euros ($1,600) !
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Valued Member
United States
204 Posts |
I'm surprised no one elaborated on the fact that this is made by the Somalia mint, which to me is in league with Liberia, Isle of Man, the Franklin Mint, etc. in that they aim more towards the collectible market than the investor market. That said, since I buy this kind of stuff  , I would be tempted to pick up more Mandela coins from other African countries (if you google you will find everyone has come out with at least one) or start a collection of pan-African collection of famous people. Lots of options and lots of affordable coins if you look at it that way. P.S. I usually collect coins with architecture or ships, so it won't be me bidding against you  |
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Pillar of the Community
United States
4589 Posts |
NumisMattyUk At that price I would buy it , but for you to answer your own question you have to ask your self Di I want it , do I like it. is it worth that much to have in my collection. I have many coins in my collection that some would not like to have in theirs but I collect because I like the coin not for investment. Everyone here is just giving their thought on the matter.
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Pillar of the Community
United Kingdom
2217 Posts |
^ I do like the coin, nice condition which is my preference over rugged, older.. (much like my taste in women);- also a coin from a series and a low mintage, you never know.. and I might get some of the others if I can come across them at "opportunistic" prices. Of course yes it is to do with things like individuals' preferences and opinions as to values, it's always subjective and I'm primarily a collector anyway, I just like to know if I'm getting my money's worth and ask around for others' opinions.
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Replies: 24 / Views: 4,563 |
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First Page
Posted 05/28/2007 2:26 pm
