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countries namely
Canada, England
and Australia. Other
notable coins include
the Titanic centenary
coins as well as the
Manchester United
medallion to name
a few.
In 2004 the
Exchange also
broadened its reach when
it attained the world wide rights
from the Mint of Norway who had
created the Nobel Laureate
programme in conjunction
with the Nobel Institute, a
programme with which it saw
tremendous success and the
coins of which have been highly
collectible.
"Over the years we have also
been involved with the
ZAR coins which in
numismatic terms
are extremely
scare and very
rare. In fact
about a year ago
we sold a series
of these coins
for R14million,"
states Alan.
"When it comes to
collectible coins rarity
and condition dominate,
similar to a single Picasso the
rarity will drive up the price and the value
points of collectible coins."
One of the more loved collection of
coins in South Africa that strike a chord with
collectors around the globe is that of the
Mandela Medallions. The success of these
coins with South African collectors say the
subsequent minting the Luthuli, FW de Klerk
and Bishop Desmond Tutu coins, all of which
are appreciated by the South African coin
collecting community.
"The local community has grown over
the years and today there are about 100 000
serious collectors in the country, admittedly its
not as big here as it is in other countries, and
when we have a show here it isn't as popular
or as well attended as say the UK and the US,
but it is growing," states Alan.
"The thing about collecting coins is that like
with any collection you have to start somewhere
and I always suggest that people start at the
bottom. A lot of people say they cant afford a
coin, but the cheapest coin is about R1500 and
this is a good place to start. Lets be honest only
when you start acquiring and buying will you
be able to grow as you learn by your mistakes
­ similarly until you take a ticket for a show you
won't know if it is good, bad or
indifferent."
Alan adds that the
success of the company
can be attributed to
people's love of coins but
also to its Scoin shops
that have made coins
available to the man on
the street.
"Often a non coin buyer
will venture into the shop
and look around
at their leisure,
some will even
buy a coin. The
people in our
stores have
been briefed to
make visitors
comfortable, to
help and advise
where appropriate
and to build a rapport
with the people and hopefully
they will firstly become a buyer
and then progress to a repeat
buyer ­ another long-term view.
"We love to turn non
coin buyers into collectors.
Once a numismatist is born
their interest will grow off into
new directions where they will
decide on a type of coin to collect
or a theme that interests them, some
may chose a sovereign, others silver or
platinum coins, some like new, others old and
some ancient. Remember gold itself is about
6000 years old and since its discovery we saw
the first real money being minted, I would say
numismatists have been around for the same
amount of time," states Alan.
But coming back to the nature of the
collector Alan says it takes all types to be a
collector, some are driven by vanity others
money and some by simply the thrill of the
chase. Often times if a collector is one or two
coins short in their collection they will throw
everything into it to chase it down and add it to
their collection.
"What makes coin collecting different is that
the price of gold creates a lot of press coverage
and puts gold on the centre of a global stage,
making it interesting and exciting when the
price of the metal increases. Gold is one of the
few assets you can have in your own control
that doesn't need to be cared for by a third
party, which is another factor that makes it so
attractive. Additionally in today's economic and
political upheaval as a hedge, coins have proved
to be a first class asset," he adds.
Looking at the generic make up of a coin
collector, Alan says that the average collector
in South Africa is still a 30 plus male, but is
happy to note that this is a trend that is slowly
changing as collectors are getting younger
and more and more women are getting into it
as a hobby or as an investment. He even jests
that it is all "one man one ounce" in the world
of the numismatist.
But what for interest sake is the most
valuable coin in South Africa? According to
Alan it is the Single Nine Pound, which is
reported, to be worth R20million and which
nobody really knows who has it. In addition
there are about 250 types of coins that today
are worth in excess of a million dollars and in
the US there are numerous multi-million dollar
coin collections.
"When you hold a coin in your hand you
hold history, it is not just the coin you are
holding there is the provenance as well as it
may have been owned by a king or queen,
and it is this provenance that adds to its value.
If you can become a collector of anything you
will benefit by reaping tremendous satisfaction
from it, it is also fun and you can meet new
people. And if you choose to get into the art
of coin collecting you might also make some
money off of it," ends Alan.