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Coin and Paper Money Collecting/Error Coins
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Question
Iam in South Africa, i have collected many S.A circulated coin wich hapen to be error coins,
however i havent the slightest idea about trading them for cash.
Can you assist
i also have 15xR2 COINS, 10YRS TO FREEDOM WICH ARE ALSO CIRCULATED,HOW MUCH ARE THEY WORTH. Thanx
Hi Kaashief,
Error coins are a very popular area for collectors. I occasionally have them at my auction and they usually do well, depending on the type of error and how strong it is.
Your best bet for selling these error coins is to use an international auction site, such as eBay. For high end coins, valued at $500 or more, you may want to consider a more direct "Live" auction.
You can probably find a dealer who will buy out the whole collection, but that will certainly mean less money than if you had them auctioned yourself.
As far as the 2004 2 rand coins, they are still legal tender spendable money. In mint condition, they are worth a few dollars, but circulated coins are only worth their face value.
Thanks for the question! =)
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Answers by Expert:
Dmitry Livshits
Expertise
My specialty is world coins from the 18th to 20th centuries, primarily non-US foreign coins and related areas such as errors and exonumia (tokens, medals, etc.). I can answer questions relating to identification, grading, selling, preservation and evaluation of such items. In addition to catalog value, I can give you the practical market value and trends for specific types of coins. I will also take questions regarding counterfeits (both modern and antique) and on how to identify them. I am NOT knowledgeable in paper money/banknotes, ancient or "shipwreck" coins. Thank you.
Experience
Collector of world coins since early childhood. Access to a variety of auction records and reference material. You can also find me on Facebook.
Education/Credentials
A.S. in Psychology (2006), B.A. in Forensic Psychology (2008), M.A. in Forensic Psychology (2011).
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