Durban Show 2024. Next up: Cape Town!
July 6, 2024
Durban Coin Faire took place on Sunday 14 July 2024. Along with other dealers, City Coins were present with a display and
How can we help?
Buying or selling Krugerrands, coins, medals, banknotes and collectibles can be a daunting task. How much is something worth? Is it authentic? How many were issued or minted? Does it contain silver or gold?
Whether you’re looking to invest in your first collectible coin or you’re a seasoned collector or investor on the hunt for something specific, City Coins is here to be your partner for the most expert and objective advice. We pride ourselves in our research, expertise and knowledge to give and get you the best and most competitive pricing. We are custodians of the past, tasked with protecting the heritage of the items and ensuring the stories are preserved.
Why Choose City Coins?
We offer unparalleled service, focussing on eliminating all the hassle. We’re happy to come to your home even if that means hopping on a plane! We strive to be experts in our field, ensuring we’re in the best possible position to guide you towards making the right decisions regardless of whether you are buying to invest or collect, or looking to sell.
We understand history and legacy. We understand our business. And we are here to help.
We were the first to publish a book including photo grading imagery included, a collectors’ requirements pamphlet for enthusiasts and an auction catalogue, which is now globally considered a work of reference, not to mention a work of art. We picked up on the value and excitement of auctions early on, and that’s why we were also the first Cape Town coin dealer to be involved in an auction, as well as the first to host a medal auction.
CAPE TOWN'S MOST ESTABLISHED COIN DEALER
ESTABLISHED
In 1967, the year the first Krugerrand was minted, City Coins was established by the late Allen Jaffe in Tulbagh Square.
NETWORKED
With an extensive network, we buy and sell on behalf of some of the biggest collectors and dealers in the world.
CONNECTED
We are recognised internationally as the only South African representative of Noonans Mayfair, the prestigious UK auction house.
PARTNERED
We are authorised dealers for the South African Mint (SAM) and The Rand Refinery, and members of SAAND and SAADA.
PROUDLY PARTNERED WITH
City Coins are here to help.
Are you looking to purchase for investment purposes? Perhaps you’re searching for a rare item to complete your collection you’ve been cultivating for years. Alternatively, have you inherited or been gifted a collection of coins, medals or banknotes and you’re curious about the value?
We can assist with appraisals, buying and selling. If we don’t have what you’re looking for, we set out on the hunt through our extensive network of dealers and customers.
Are you looking to buy or sell?
What are you interested in?
Who are City Coins?
A business started in 1967 by the Jaffe family, founded by the late Allen Jaffe and then taken over by his wife Natalie after his tragic passing in 1975. On her passing in January 2023, Natalie’s daughter Sharon took over the reins. She had been working extremely closely with her mother in recent years and learned the ropes from the best of the best.
Sharon soon joined forces with Doron Duveen, a former client of City Coins and close friend of the family. Together, they have formed a formidable team. Dedicated not only to preserving and continuing this special business, but also growing it by exploring new avenues aided by technology and the ever-changing needs of collector’s worldwide.
Our dedication, passion and unparalleled service have earned us international recognition, culminating in our current standing as the only South African representative of Noonans Mayfair, the prestigious UK auction house. We have their experts on hand, plus their international auction sales platform to leverage for our clients.
With 60 years of experience spent building some of the world’s largest and most impressive collections, City Coins are the experts you can trust.
Learn more about numismatics
Learn All About Banknote Grading
May 26, 2024
Learn all about the different banknote grades and grading which contributes to determining the value of the banknote grade with grading from
The Coin Collector’s Guide
April 30, 2024
In the last year of taking over the business, I have not only walked in my mother’s steps, but in writing for
FAQs
Please take a look through our FAQs before getting in touch.
Whether normal or commemorative, the circulation R5 coin is worth its face value only, which is R5.
Whether normal or commemorative, the circulation R5 coin is worth its face value only, which is R5.
We work by appointment only. Please contact us via telephone or email to arrange.
This question is asked numerous times a day.
If you are referring to old SA / foreign circulated currency, the following applies.
Provide us with a list of each of your coins via email.
The list should consist of country, year and face value (the value which appears on the face of the coin). Include two photographs (obverse and reverse) of five of your coins. If your collection contains coins of value to us, we will contact you to arrange an appointment.
Since banknotes are made of paper and not precious metal, we very much focus on the condition of the banknote. If it’s been crumbled, torn, used or stuck and is a modern note, then unfortunately it is of no interest to us. Sometimes very used old notes still have a value due to their rarity. If you’re not sure, then get in touch.
Yes we can. Based on a list of your medals and the accompanying documentation (referred to as provenance) we can determine whether these are suitable for our upcoming medal auction or perhaps are more suitably sold on auction with our UK partner, Noonans.
We are often listed in wills to look at estates due to our involvement in building up the collections in the first place. This has established a foundation of trust and we are then most familiar with the items in the collection. However, even if we do not know the collection we can give the required valuation at the time of death.
No we do not, but we do work with esteemed partners in the industry who we recommend. We do on occasion take in jewellery and watches but on a case-by-case basis.
The gold price fluctuates constantly. We fix our buying in and selling prices by 9:30am Monday to Friday.
Request, via email, our selling price. We will provide you, via email, with the price and our banking details. Should you accept our price, proof of payment must be emailed to us by close of business the same day. Once your payment is reflected in our account, we will contact you to arrange an appointment to collect your Krugerrands. You will be required to produce your SA ID / driver’s licence or International passport on collection.
An appointment will need to be arranged. You will need to bring along the Krugerrands, your SA ID / driver’s licence or foreign passport as well as your banking details. We will process an Electronic Funds Transfer (EFT) and provide you with proof thereof, before leaving. Should you require an immediate transfer, let us know before the payment is processed.
There is NO VAT on Gold Krugerrands. According to SARS “gold coins issued by the South African Reserve Bank in accordance with section 14 of the South African Reserve Bank Act 90 of 1989 (or that remain in circulation per provision (1) of that section) will not be regarded as second-hand goods. These coins include Kruger Rands and gold coins in the National Geographic, Natura, Protea and R1 series as well as any other gold coins declared by the Ministry of Finance to be legal tender”
There is VAT on silver Krugerrands. However, silver is still a worthwhile investment, especially where smaller investment amounts are available.
There is no difference in value as the value is determined by the content of the gold. Sometimes, if the coin is in an excellent condition in a box, it makes a nice gift and especially if the date is a birth date.
Discover our Online Store
Visit our online store, where you’ll find a curated collection of coins and pendants. Browse through our quality products, and find your next favourite piece.
