FAQ 2017-10-04T14:12:14+00:00

Visit any of our Scoin shops nationwide, view our online catalogue or contact one of our sales brokers to start collecting coins and medallions today. We have knowledgeable consultants to help you with any queries you may have on our illustrious coins and medallions.

  • Perfect way to diversify your portfolio and reduce your risk.
  • Protects you from currency devaluations.
  • Perfect wealth protector against economic uncertainty.
  • Protects your purchasing power against inflation.
  • Satisfaction of actually owning a real piece of gold.
  • Established in 1972.
  • Over 25 stores in South Africa and Namibia.
  • Specialised brokerage divisions in Johannesburg and Cape Town.
  • Only coin and medallion retail chain store in the world.
  • Exclusive worldwide distributor of the Nobel Laureate medallions.
To truly diversify your portfolio and protect yourself from the ongoing uncertainty in the markets, specialists advise that you have 30% of your asset portfolio in alternative investments, with 10% – 15% of that in physical gold coins and medallions.

To truly protect you from economic uncertainty, we recommend 2/3 of your physical gold collection should consist of bullion coins such as Krugerrands. The remaining 1/3 should consist of collectable coins and medallions like the Mandela Medallions and the International coins.

Key points that differentiate collectables from bullion.

Collectable

Limited in number

Legacy builder

Price linked to rarity

Example: Burgersponde

 

Bullion

Minted in large quantities

Form of currency

Linked to gold price

Example: Krugerrands

The value of a bullion coin depends primarily on the value of the metal used to make it. If the price of gold increases, the price of bullion coins and collectable coin/medallions also does.

However, collectable coins have the added rarity factor. The lower the mintage, the higher the price.

Before you delve into the exciting world of coin collecting, you need to ask yourself, what kind of a coin collector are you. This will help determine the coins we place in your collection.

 

BULLION COIN COLLECTOR

Bullion coin collectors only collect Bullion coins like the Krugerrand for wealth preservation.

 

NEW COIN COLLECTOR

New coin collectors are those who only collect coins that are considered modern, any coin minted after 1982, like our range of Natura coins.

 

RARE COIN COLLECTOR

Rare coin collectors only chase after the rarest coins, like ZAR coins.

As market leaders, we pride ourselves in offering you one of the safest and easiest ways to protect your beloved coins with our trusted SafeGold service.

Not only does our SafeGold service remove the hassle of safeguarding your valuable coins but it also provides complete insurance coverage for your entire coin portfolio for a nominal fee.

Our state-of-the-art vault facilities and 24 hour camera surveillance offer you a 100% risk and hassle-free solution for storing your valuables, giving you complete peace of mind.

Insurance coverage for your coins and medallions.

  • 100% Risk and Hassle Free.
  • State-of-the–art storage facilities.
  • 24 Hour camera surveillance.
  • Packages available.

The company’s philosophy has always been to sell on historical trends. Over 6000 years gold has held its value. Collectable coins grow in value over time as well and often outstrip the metal value of the coin by multiples.

Scoin’s philosophy has never been to promise a growth rate nor a buy back. It has however suggested that coins be held for minimum period to derive value and under bullish market conditions, this was considered a minimum of 5 to 7 years. Given the historical performance within the company and the buy buy-back trends of then, this was considered fair and reasonable. The sales staff sold with confidence on the basis that they were living the buy-back boom. Nowhere within Scoin’s terms and conditions, Statements and marketing material does it guarantee a growth rate, a buy back or a buy-back at a certain level.

The Scoin Shop and The South African Gold Coin Exchange have a strict no cash refund policy as the advertised prices of all products fluctuate from day to day due to their intrinsic gold/silver value which is directly linked to the gold/silver price. They are therefore excluded from the application of the ECTA and CPA as far as any refunds are concerned.

Selling prices on statements are provided at the selling price of the product from Scoin for insurance replacement purposes. This figure does not represent the Buy-Back price, but Scoin acknowledges that these prices may have been interpreted as buy-back prices by clients although none of the Statements explicitly state this.

Buy backs of coins and medallions are determined by the specific market conditions

prevailing at the time of the proposed trade exchange. This also includes, but not limited to, supply and demand, gold price, exchange rate, and the need for the Seller to obtain a sufficient margin to cover its own costs in reselling such Goods that may be bought back.