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Most Important African Coin Sold
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From Right to Left: Walter Fivaz (CEO South Cape Coins) with Mark Baughman
(Client Liason Manager), Scott Schechter (Vice-President Marketing)
and Ken Krah (Vice-President Grading) holding the Single 9
shortly after it was graded at NGC
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“King of South African Coins”, the unique and historic 1898 Single 9 Pond, sells for a record multi-million rand price and is certified by NGC.
The sale of South Africa’s rarest and most valuable coin, the 1898 Single 9 Pond, has been concluded for an unprecedented multi-million rand figure. The sale, like the prior two sales of the same coin, was facilitated by Mr. Walter Fivaz the CEO of South Cape Coins. The buyer, who wishes to remain anonymous, is thrilled to own such an impressive and important part of South Africa’s heritage. The Single 9 has justifiably been dubbed the “King of South African Coins” and is among the most valuable rare coins in the world. - READ MORE
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 The South African rare coin and gold coin market and specifically the coins of the Z.A.R. offer the investor and collector in our country an extraordinary opportunity to make large profits in a relatively short period of time.
Advantages of Investing in Rare Coins
Throughout history, many rare coin collections have produced substantial long-term profits for their owners. This is particularly true for coin collectors of this century. For instance, Harold Bareford reportedly purchased a collection of coins for $13,832 in the early 1950's that was resold at auction in 1978 for $1.2 million. A more substantial collector, Louis Eliasberg, built a collection that cost approximately $300,000. In 1982, it brought $12.4 million at auction
- READ MORE
The 1892 Double Shafted pond that nearly brought down the Kruger Government
Facing an upcoming election and wanting the new coins in circulation to enhance his prestige, President Kruger didn't wait for the Pretoria Mint to be completed. Instead, he contracted to have the first issue of the new ZAR coins (dated 1892) struck at the Imperial German Mint in Berlin. This proved a mistake, as the dies were cut with two glaring mistakes that insulted the populance and proved quite embarrassing to Kruger and the National Bank.
- READ MORE
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The Sale of the Single 9
Great (S African numismatic) investments of the future - July 2005
by Scott Balson
JOHANNESBURG - The historic "Single 9" coin, the only example of a 19th Century Zuid-Afrikaansche Republiek (ZAR) coin, was sold for the princely sum of Rand (R)9,8 million in Johannesburg in September 2001.
The 1899 ZAR coinage dies were intercepted by the British in Lourenço Marques and never arrived in Pretoria - preventing the minting of gold coins dated that year.
The Mint Master in Pretoria was then instructed to overstamp the second "8" in the mint date on 130 coins from 1898. However, when the first coin was overstamped it was realised that the punch was too big, and the rest of the coins were then overstamped using a smaller punch.
The coin stamped with the bigger punch went on to become the infamous "Single 9" coin. It's validity is underwritten by a letter from the Mint Master which refers to the use of the inappropriate punch. It was later handed over to Mr C E Macrum, the then-American consul in Pretoria, and has since changed hands several times.
The gold coin was owned by the likes of King Farouk of Egypt, and in 1958 was auctioned for about R2 000 to a Dr Fröhlich of Port Elizabeth.
A Dr Fourie then bought it on auction for R4000 and sold it to Jan Kraay for R132000. He in turn sold it in 1998 through brokers Walter Fivaz to an anonymous buyer for R4.65m (about US$1 million at that time).
At the most recent auction, also through Walter Fivaz, the rare coin was sold to another anonymous buyer.
According to experts this coin is today worth about US$3 million or about R20 million.
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THE SINGLE 9
A tremendous advantage of rare coins in general is the fact that when there is one or even few of a coin - the seller is in a controlling position. In other words the seller can dictate a price and hold until he gets the price he wants.
The "Single 9" is one of the most rare and unique coins in the entire world. To own this coin is to be unsurpassed. There is none better. This coin to South Africa is more than just a coin, "It is a national treasure"
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