The Top 5 Rare South African Coins to Invest InInvesting in rare gold coins is an undeniably wise decision and your ROI can be considerable if youknow what to look for. The truth is though that unless you have access to reliable resources or thetime and means to research which coins would be best suited to your collection, you might findyourself at a loss and not sure where to start.To help guide you in the right direction, we’ve looked at the top 5 rare South African coins to investin, all of which can be purchased through South Cape Coins.
1. 1902 VeldpondThis uniquely beautiful coin came into existence after 1901, during the final phase of the Anglo BoerWar when money was fast becoming scarce. At that time, the Commandos food was bought fromthe Black Tribes, who would only accept gold coins as payment. This of course made any exchangedifficult because there was simply no money around.A school principal by the name of P.J. Kloppers suggested that the Boers help ease the situation bymanufacturing their own coins. Basic machinery, though not entirely sufficient, was bought fromnearby mines and it took 6 attempts before a die was finally manufactured that didn’t crack when itwas cooled. It was a frustrating process made worse by the fact that it took many attempts to getthe correct gold ratio for the gold sheets. In the end however, 986 of the 1902 Veldpond wereminted with the handmade dies and put into circulation.
2. 1898 Sammy Marks TickeyLithuanian immigrant turned industrialist and financier, Sammy Marks gained the confidence ofPresident Kruger and the South African government after moving to Pretoria in 1881. A definingmoment that firmly established him as a man of influence came after he advised Kruger to build arailway line from Pretoria to Lourenco Marques. Kruger ran out of money and Marks subsequentlyfunded the project through various massive loans (nearly £3 million), although when the railway linewas finally completed he was mysteriously not invited to the official opening.In 1898 Marks was offered free use of the mint for a day and he took the opportunity to strike 215gold memento tickey’s for his family and friends. Though of course they were not circulated andcould not be considered legal tender, they are still considered to be exceptionally rare coins with aninteresting history.
3. 1874 Coarse BeardThomas Francois Burgers was the 4th President of the South African Republic from 1871 till 1877, aliberal and strongly reformist minister of the Dutch Reformed Church. A little known fact here is thatthe gold used to strike this incredibly rare coin was mined in the same way as the 1902 Veldpond atPilgrim’s rest in that it also contained impurities and had to be melted down and refined.There was a massive outcry from members of the Volksraad to Burger’s vain attempt to get hisportrait, together with the ZAR coat of arms, minted on the gold staatsponden, which was to havethe same intrinsic value as the British sovereign. Burger expected recognition and admiration forproducing the republics first indigenous coin but the move was instead viewed as foolish pride fromthe strongly religious community.The 1874 Coarse Beard got its name after a small batch of coins was minted by a second die afterthe first one broke. This second batch, numbering just 142, shows Burger with a distinctive ‘coarse’beard when compared to the fine beard mint.
4. 1874 Fine BeardAlthough not as rare as the Coarse Beard mint, the 1874 Fine Beard mintage numbered only 695coins and is highly valuable. When compared to the coin above, you can clearly see the differencebetween the beards.
5. Double 99 OverstampIn 1899 Mr J Perrin, a member of the South African government, instructed the Mint Master to over-stamp 130 1898 Kruger Pound coins in celebration of the reopening of the Pretoria Mint. When thefirst coin was struck (and subsequently became known at the world-renowned ‘Single 9’) it wasimmediately noticed that the “9” on the punch was too large and a smaller punch was used to over-stamp the remaining coins. The second striking of these coins became known as the Double 99Overstamp and is a great example of one of the rare South African gold coins that can be purchasedthrough South Cape Coins.For more information on South African coins, visit http://www.southcapecoins.co.za. With over 17year’s industry experience, we are the premier dealers in rare coins, and specialists in building theideal rare coin portfolio to suit your investment needs and budget.