World Coin News reports: World Cup Boosts Coin Sales

August 17th, 2010. Published under News. No Comments.

South African hotels and restaurants were not the only beneficiaries of the World Cup tourism spend.

“Sales of gold coins and medallions at our ‘Scoin’ retail outlets located in areas frequented by tourists soared,” says Alan Demby, executive chairman of the South African Gold Coin Exchange, which operates 18 “Scoin” stores in South Africa and the U.K.

He reported that shops located at the country’s airports, along with those based in Sandton City and Mandela Square, enjoyed revenue receipts more than 30 percent ahead of those achieved in the same period last year.

“The foot count increased at all stores, but the real action occurred at outlets most frequented by foreigners here for the World Cup,” says Demby, who added that the coins and medallions attracting the most demand were, predictably, SAGCE’s range of World Cup memorial mintings.”

As the official agent for FIFA 2010 World Cup coins, SAGCE, in conjunction with the South African Mint, assembled a two-coin limited edition “Zakumi” set. Zakumi is the name of the official mascot of the 2010 FIFA World Cup. SAGCE also offered a limited edition “Laduma” set that included all 10 gold coins commemorating the event. “Laduma” is the South African equivalent to “goal.”

“However, interest was not restricted to World Cup items, with [Nelson] Mandela coins and medallions also experiencing heightened sales, along with Krugerrands,” said Demby.

He said turnover at the “Scoin” stores could also have been influenced by buying ahead of Mandela’s 92nd birthday, which is July 18.

“Mandela coin and medallion sales rose by 50 percent in the week preceding Madiba’s birthday.”

The Gold Investor: Gold Coins? True Wealth In The Palm Of Your Hands

August 16th, 2010. Published under News. No Comments.

For over 5000 years, gold coins have represented true wealth in the palm of your hands, and in the past decade alone, these increasingly popular safe-haven investments have given investors impressive profit and wealth preservation amidst massive economic contractions that have put us deep into one of the worst recessionary holes the United States has ever seen.

There are many different types of gold coins that you could use for investment purposes, and they are all categorized into two distinct sections, the first ones being bullion coins and the second ones being certified rare coins. Below I have explained these two types of coins in order to give you a better understanding of the options available to you in this diverse market:

Bullion Coins = Bullion coins are modern-day coinages that are produced by governments around the globe as a means of promoting their gold sales. The most popular bullion coins are the 22-karat American Eagles and South African Krugerrands, as well as the 24-karat Austrian Philharmonics and Canadian Maple Leafs. Most investors use these coins for short-term profit because their low premiums allow quick profit when the market is on an uptrend.

Certified Rare Coins = Certified rare coins are pre-1933 coinages that were produced inside the United States as currency, and most of them were minted between 1850 and 1933. The most popular certified rare coins are the $20 Saint Gaudens, $20 Lady Liberty and $10 Indian Heads. Most investors use these coins for long-term wealth preservation because they tend to thrive over time due to their numismatic value.

Purchasing gold coins should always be done directly through reputable wholesale dealers in order to ensure the best service and pricing. Contact a broker now.

Mail & Guardian reports: Should I invest in gold?

July 8th, 2010. Published under News, Reports. No Comments.

MAYA FISHER-FRENCH | JOHANNESBURG, SOUTH AFRICA – Jul 08 2010 09:16

Tracey says: My father-in-law has been reading a book called After Shock and it predicts another stock-market crash soon, making gold a safe investment with significant growth potential.

Maya replies: The reason we are seeing the gold price trading above $1 200 per ounce is because of its status as a “store of value”.

Many people refer to it as an alternative currency, and certainly when the US dollar came under pressure, the gold price soared.

The problem for South Africans, however, is that we have to take our currency into consideration as well — a strong rand lowers the returns from gold, which is priced in US dollars.

The price of gold in rand terms has actually depreciated in value over the last few years. The price of a Krugerrand is a good example.

At the beginning of March 2009, Krugerrands were trading at around R10 299 and the gold price was trading at $940. Krugerrands are now trading at about R9 000, despite a gold price of about $1 200. That is a 13% negative return despite a 28% increase in the price of gold. The difference in the price movements is the rand/dollar exchange rate.

So a decision to invest in gold is also a view on the rand.

The rand’s strength has partly been due to the weak performance of developed economy currencies and a move by global investors to invest in emerging economies. However, many pundits expect to see the rand weaken from these levels.

If we were to see a further market crash, there would be a flight to safety and the rand would most likely weaken significantly as it did in 2008 — so a gold play in that scenario would possibly pay off. Just remember, investing in gold is as much about the rand as the metal.

Whether or not we will see another market crash is an impossible question to answer and reminds us of why there is a stock market in the first place — it is largely just a betting ground for peoples’ views, and some will be right and others wrong. Having a diversified portfolio that includes gold but is not only invested in gold, would be a sound strategy.

iAfrica & Bizcommunity.com reports on SAGCE

July 7th, 2010. Published under News. No Comments.

Both leading internet news providers have picked up on the South Africa: The Good News report on SA Gold Coin as reported on the 30th of June.

Herewith the article again:

Guide For Collectible Gold Coins

July 2nd, 2010. Published under News. No Comments.

Gold within the history of man has always been the representative of money and excess. Back at the commencement of time, the precious metal of gold symbolized riches. Mankind has at all times been entranced by this valuable valuable metal through the wearing of jewelry made from it, of precious love by means of a golden wedding ring, or of wealth as revealed by memories of bullion hoarded or stolen.

Gold Amassing in Today’s World

In the current day, gold is considered by a lot of professionals to be a protected investment amongst the bewildering group of financial funding wares. At this time, the present-day market shares ebb and flow in reply to trade and industry forecasts, corporation wellbeing, and world happenings. The hazards are by and large far above the ground, so getting the best coin collecting basics is an obligation.

Gold alone can confine its heaviness by itself and its value can’t be influenced as to a large extent as the world events. One strategy to do gold investing is to start out gold coin collecting. The worth of your compilation is decided on the gold bullion’s mint condition, the antiquity and their matchlessness. Moreover, there are additional particular economic benefits to quarter gathering:

Intrinsic Significance

The element of gold has mainly been the in-practice custom that displays richness because the start of time, and this is spot on both for the individual, in addition to the cultures of the planet. The value of gold is intrinsic in this precious metal as gold continues to play a key function as part of the funds held by central banks, places and international agencies like the International Monetary Fund.

The coinage metal of gold cannot be made or be produced by man as it’s a natural reserve and infrequently, when shares escalate and plunge, the price and dependability of the gold element continues to be regular. On top of that, gold is durable and cannot be duplicated nor can it’s shattered; therefore, amassing gold coinage is an gripping and positively protected investment choice.

Investment

So how should you decide your investment choice? Completing a gold coins is economically indicated as being a sound and durable investment decision. The most effective part of this deal is that it’s simply convenient into speedy money primarily based on its being authorized tender.

Again {do become aware} that as with all other investment choice there are risks depending on marketplace ups and downs. Nevertheless, cold coinage have always] been resilient market performers and have supplied good quality returns on the investment choice. Thus by way of gold bullion coin gathering, you permit some diversity in your nest egg financial portfolio and it additionally adds a safety web via the historic and unswerving value planted on gold.

Income Tax Advantages

Well, isn’t this surprising? Gold coin amassing really is a authorized technique to suspend your tax payment in your investment. What this means is that as your earnings on this investment grows larger, your financial investment isn’t taxedtill these coins are dissolved or vended. Only then when these income are realized will they then be open to CGT.

In any case, there are not any taxations forced if you choose to get your gold bullion coin gathering to the level of replacing or trading your range for an identical or larger valued coin library. Gold coin amassing isn’t solely a fun and attention-grabbing passion however it is also a worthwhile one that may carry you substantial proceeds. Nevertheless, you should do your analysis before you embark on any gold coin investment.

Source: http://www.antiquingwithdecodiva.com

Collecting Coins Is An Exciting Hobby

June 30th, 2010. Published under News. No Comments.

Source: Gold Coins

Have you got a collection of stuffs – books, stamps, key chains and other interesting items? How about collecting coins? You can be one of the few individuals who have an enormous collection of gold coins, silver coins, commemorative coins and rare coins. Apart from being an interesting hobby, collecting coins is a valuable investment too.

These pointers will help you start off with your coin collection:

1. Start modest – Excellent achievements start small. This same approach best applies to collecting coins too. A few rare coins can be a nice beginning. Opening your collection with annual coin sets is excellent too. Or else you might discover collecting individual quarters in circulation more fun. You will gradually gain knowledge of various kinds of coins and develop an eye for judging them.

2. Establish acquaintance with the idea – Collecting rare coins, gold coins, silver coins and commemorative coins is not just for the sake of getting and accumulating a variety of coins. The idea of “collecting” should be well recognized by the collector. This means that you gather items that stand out; with a reason why they belong to your collection. Look for “collector’s items”; you don’t merely pick anything and add it to your collection.

3. Acquaint yourself – There are unique and unusual coins going around the market which are collectible. You will need some time to study about the various coins in order to gain expertise about the qualities that make them special from others. Then you will later learn their value potentials.

4. Give your collection some attention – Coins are valued depending on their rarity, unique characteristics, special minting, inclusions and metal value, whether gold coins, silver coins, rare coins or commemorative coins. You need to preserve the condition of your collection so that you can maintain or raise their value.

5. Patience pays off – Like excellent wine collection, coins strengthen and appreciate its value over time. You simply need some patience for you to see your collection raise its value. At the moment, it may not cost much; but after a specific period, your collection will be regarded as exclusive, unusual and antique, and its worth increases consequently.

The hobby of collecting coins is exciting and gratifying. Not only does it bring you pleasure, but it also increases your knowledge about certain types of historical and unusual coins. Studying the commemorative coins is like strolling down memory lane. It can be well worth the cost. The value of the coins you have collected increases in time, therefore it is worth your money, time and effort.

Rare coins, commemorative coins, gold coins and silver coins – if you wish to become familiar with these collector’s items, check out currencyvault.com. You will walk through a lot of coins that are exceptional and unique. The prices of their coins and proof sets are competitive. Currencyvault.com also offers excellent information to acquaint you about collecting coins.

John Smith is a coin collector. He is fond of collecting silver coins and gold coins. He agrees that collecting coins make a good future investment.

South Africa: The Good News reports on SA Gold coin

June 30th, 2010. Published under News. 1 Comment.

South Africa: The Good News is a news website that highlights the positive developments in South Africa and yesterday featured our opening 2 more shops.

The South African Gold Coin Exchange (SAGCE), operator of Scoin, the only retail chain of coin stores in the world, has opened two additional outlets, raising its global total to 18 stores.

This doubles its number of outlets over the past two years with the two most recent stores opening in Johannesburg’s Clearwater and Pretoria’s Menlyn Malls.

Alan Demby, SAGCE’s executive chairman, says a second London Scoin store has been scheduled to open in the Bluewater Mall in September this year.

“During the course of an economic recession that has witnessed the closure of a great many stores in a host of industries, our business activity has blossomed, prompting us to open the doors of as many as nine new outlets.”
He ascribes SAGCE’s buoyancy to several factors, among them:

• The advancing gold price, which has generated heightened demand for Krugerrands, gold medallions and rare precious metals coins collectors’ items;
• The soaring price of silver;
• First-time demand for World Cup coins – demand that has been building up over the past few months, domestically and internationally;
• A growing awareness among the public that Krugerrands, being legal tender coins, do not attract VAT, thereby affording the purchaser an effective discount on the ruling gold price, versus other forms of gold bullion;
• The European debt crisis, which has enhanced the role of gold as a buffer against global financial uncertainty;
• The magical aura of Nelson Mandela, which has resulted in steadily growing demand for Mandela gold coins and medallions;
• Inflationary fears occasioned by the several trillions of dollars that have been created to bail out troubled banks the world over

“We are particularly gratified over the success of our London Scoin shop,” says Demby. “Scoin has been well received by the foreign market which has lead to its further expansion.“

The first Scoin outlet, was opened in 1999 in Sandton City, Johannesburg.

We are back online!

June 29th, 2010. Published under News. No Comments.

www.sagoldcoin.com is online again as the mislabelling as an attack site has been rectified by Google.

www.sagoldcoin.com is NOT an attack site

June 24th, 2010. Published under News. No Comments.

Dear clients and potential clients,

Please note that our sister site www.sagoldcoin.com is not an attack site. Unfortunately we have been mislabeled but we have taken action to rectify this mistake and the site should be operational within a few hours.

Should you have any queries, please do not hesitate to call us on +27 (11) 784 8551.

Gold price may head to $1 300

June 21st, 2010. Published under News. No Comments.

Johannesburg – This year the gold price could climb to a record $1 300 a fine ounce as investment demand shifts away from the euro and the dollar.

The precious metal reached a high of $1 258.38 a fine ounce on Friday and, according to Bruce Ikemizu, head of resources at Standard Bank plc, the demand for gold will grow as the American and European currencies become less attractive.

This year the euro weakened 14% against the dollar during the European debt crisis, and the dollar price of gold has risen 13% so far.

Nedcor Securities analyst Christian Siebert says investors clearly would rather invest in physical gold – such as exchange-traded funds – than gold shares.

Although the funds do not pay dividends, gold groups do not tend to distribute much money either. The capital growth of physical gold easily compensates for this.

But a mining analyst at an international investment bank in Johannesburg believes a correction in the gold price is on the cards.

He estimates that one can expect a new floor price of about $900 a fine ounce, which will still allow most gold producers to show a profit.

The gold price at this level will however put high-cost local mines under pressure and leave little room for capital and exploration costs after mining expenses.

The only things supporting the price are macroeconomic concerns and, if these reduce, the gold price will follow, says the analyst.

- Sake24.com