With the sale of the finest known 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 price of R750 000 and there is only one, that with a ratio of 1-216 that the coins are very, very undervalued at R45 000.
Nelson Mandela leaves the InterContinental Hotel after a photo shoot with celebrity photographer Terry O’Neil on June 26, 2008 in London, England. Mandela is in London in advance of the 46664 concert being held at Hyde Park on Friday the 27th June to celebrate Nelson Mandela’s 90th Birthday
We at S A COIN can feel confident with the predictions that we are making on the PF-69 coins for we were able to see the marketplace in action on the Mandela Proof coins in the exact same circumstance. When we released our latest newsletter The Coin Report we stated that the 5 specimens of the finest known Mandela proofs in PF-69 are estimated to be worth R500 000 each. The moment that the newsletter hit the marketplace the Mandela Proof 68’s the second finest known of these coins of which there are 179 specimens that have been graded by PCGS and NGC started to come under immense market pressure. They started the beginning of the year at R35 000 and they are now trading at R100 000 a coin if you can get them.
Nelson Mandela appears onstage during the 46664 Concert In Celebration Of Nelson Mandela’s Life held at Hyde Park on June 27, 2008 in London, England.
Once the marketplace learned that there were 5 finest known’s that were valued at R500 000 we had request after request from investors and also collectors who wanted to buy one. But when we contacted the owners of these coins no matter how high we made the offers on these coins they all refused to sell. Three of the owners told us that the Proof Mandela 69’s were for their pensions. When a man tells you that he is holding onto an investment for his pension there is just simply no higher compliment that you can pay any investment. That is the type of faith that we see from all South Africans from all walks of life strongly displayed in the rare Mandela R5 coins.
Our advice to all the investors and collectors that are reading this is to contact one of our brokers now and snap up as many of the rare Mandela Proof Inauguration R5 coins as you can before they disappear from the marketplace. There are only 514 of the rare Mandela Inauguration proof R5 coins that have been graded in all grades by PCGS and NGC. And all of them are going to come under increasing pressure to rise in value with all of the market attention that they are going to be getting.