Coins available in this batch:
2x 1951
6x 1952 - 300 Anniversary - Founding of Cape Town/George VI
2x 1953
1x 1960 - 50th Anniversary - Coat of Arms/South African Union Building
Each coin is an 50% silver South African legal tender crown (5 shillings) of years from 1951 - 1960 or a decimal crown-sized 50c coin of years from 1961 - 1964. This is being sold as silver bullion by weight with no regard for the numismatic value, rarity or condition. Great for accumulating silver cheaply or starting a silver coin collection. Catalogue weight: 28.28g each. Worn coins may weigh slighly less.
Select the number of coins you would like. I will make up a parcel of random coins of random conditions. As this is bullion, conditions of the coins vary from excellent to having almost imperceptible images. The coins shown in the photos are my own stock photos and not necesarily the actual coins on offer. The photos however give a good idea of the range of coins, quality, and distribution of different types.
I can accomodate your choice of coins within reason. If more than 1 buyer buys, I will allocate coins at my discretion to the highest bidder and/or my most regular buyers first.
Silver in 2011 is a cheap, yet scarce and severely undervalued precious metal, on it's way to becoming an expensive strategic resource within another decade. Gold and silver have been in a long-term secular bull market since approximately 2001 and currently the fundamentals show that this won't be ending anytime soon. In addition to silvers traditional role as a safe haven in economically uncertain times, silver's many industrial uses continue to use it up at a rate faster than it can be mined. Current silver prices are still too low to generate the profits that encourage the opening of mines, and the price is not yet high enough to encourage the research necessary to produce alternatives to it's many current uses. Currently many investors including pension funds and central banks are rediscovering silvers lead role as a hedge against bad government policy and inflation.
In South Africa we used 50% silver coins as recently as 1969. Much of this silver coinage that wasn't melted in the 80's is still in existence and has the same appreciation potential as bullion based on the silver content.
Please check "Shipping & Payment" tab for shipping options.
Items can be combined from different auctions at highest cost to save on postage. If you would like to take advantage of this, just keep bidding.
Insurance, if selected, will be charged on additional items.
Payment is expected within 3 days after all your bids on our items have closed. If full payment is not made within 5 working days AND there has been no reasonable explanation given, a negative rating may be given.
Once payment has completed, your order is locked and you cannot combine additional items.
Parcels will be dispatched within 3 working days AFTER payment has been received.
Collections can be arranged in Port Elizabeth, waiving the postage.
Please visit our other listings:
http://www.bidorbuy.co.za/seller/1994136/fine999
FAQ
Were do you see the price of silver heading? Is this a good investment?
To any South Africans looking into buying silver: WAKE UP AND REALISE THAT SILVER IS VALUABLE and is fundamentally VERY UNDERVALUED. If your'e not buying silver (in any form), it's disappearing overseas to buyers who do value it. Silver coins are leaving at a rate of (in my experience) many kilos per week. This silver WILL NEVER COME BACK. This is REAL money and once above $50/oz, you will never see it at these prices again. Silver and gold are highly manipulated (see www.gata.org): Manipulating the price of silver is like taking a beach ball and forcing it underwater; at some point silver (and gold) most likely will break away from it's controllers and wont be stopped. Numismatic silver coins are being melted up and are becoming rarer while at the same time silver is being used up industrially at a rate far in excess of that of the silver mined. I am not an investment advisor, so do your own homework - and then TAKE DECISIVE ACTION based on what you know and understand.
What are the advantages of legal tender silver coins vs pure silver bars and coin
Silver coins have the same appreciation potential as other forms. Silver coins are easily verifiable as silver and are illegal and difficult to forge. The numismatic value may also provide a floor to their value, and they may even appreciate in value as coins are converted to bullion and become rarer. Finally, in the event of a complete currently collapse, they may reappear as a means of exchange based on their silver content. The smaller denominations would then be more useful than larger silver pieces.
How can I test silver myself?
There are a number of tests you can do depending on the form and what's at hand:
Pass a magnet over the silver. It should not be attracted to the magnet.
File a small V in your silver. It should be shiny inside too, else it could be plated.
Flatten a small piece with a hammer. Silver is quite soft and malleable.
Use an Ohm-meter. Silver is highly conductive.
Silver melts at a lower temperature than Cupronickel.
Pure silver is very shiny (unless tarnished).
A silver test solution can differentiate between silver, gold and copper alloys. Contact us to put this on auction.
Feel and intuition. If you handle silver a lot, you will intuitively learn it's density, the sound it makes when dropped, and it's heat conductivity. Walk around with a silver coin in your pocket for a month.
