Join us for a Free Valuation: Sunday, 9 November, Cape Town, Sea Point, Winchester hotel – Bookings Essential
Join us for a Free Valuation: Sunday, 9 November, Cape Town, Sea Point, Winchester hotel – Bookings Essential
The Affordable Precious Metal Investment
In uncertain economic times, more South Africans are turning to precious metals as a way to protect their buying power and grow long-term wealth. While gold has long been the benchmark safe haven asset, silver has emerged as a compelling and accessible alternative, offering a lower entry point, strong global demand, and impressive growth potential.
Unlike paper currency, which loses value over time through inflation, silver holds intrinsic worth. Its use across technology, renewable energy, healthcare, and industrial manufacturing continues to drive demand worldwide, making it far more than just a collector’s item.
Silver Krugerrands offer South African investors a trusted, globally recognised way to own 99.9% fine silver, struck by the same institution behind the world-renowned Gold Krugerrand: the South African Mint.
Silver Krugerrands have delivered real, measurable returns for South African investors, especially when viewed in rand terms over recent years.
If you had purchased 10 x 1 oz Silver Krugerrands in early 2023, here’s the estimated value of your investment by early 2026:
2023: Approximately R500 per coin = R5,000 investment
Early 2026: Approximately R1,500–R1,600 per coin = R15,000–R16,000
Subject to availability — prices may change according to silver spot movement.
Silver remains one of the most actively traded precious metals in the world, and demand is growing from multiple directions:
These fundamentals make silver a compelling long-term investment, not just a speculative trade.
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 is an expert coin dealer in Cape Town you can trust.
Sunday, 9 November, bring your special coins, banknotes, medals, jewellery, or gold for a free valuation.
Appointments essential: Complete the form below to book your slot
City Coins has achieved global recognition for South African war medals with a worldwide customer base eagerly following our medal auctions.
The market for war medals and decorations has been popular for decades. Medals can be collected according to a specific battle, rebellion or conflict. Sometimes people simply prefer to collect medals that appeal to them aesthetically.
A lot of the time, however, people keep medals because they form emotional attachments to them. This is especially true for South Africans and Britons with family members who received the Queens South Africa (QSA) medal for fighting in the Boer War. Although some might feel attached to medals and want to hang onto them, sometimes the memory of the recipient is better served in the collection of someone who will really cherish the medal and appreciate its history.
Perhaps you have war medals or decorations that have been passed down from generation to generation through your family? If you would like to find out more about your medals or how much they are worth, please get in touch. If you have medals for sale, we can give you all the advice you need in order to evaluate and sell them.
While the world of money transitions into an era devoid of paper with cryptocurrency and NFT, banknotes have become even more rare and popular.
Our banknotes range from the famous Siege of Mafeking to the South African notes from Governors of The Reserve Bank. We have rare notes and specimens.
The American Gold Eagle and South African Krugerrand bullion coins, for instance, are made up of .9167 fine gold, thus making them 22-karat. But they still contain one troy ounce of gold – which is why they weigh 1.0909 troy ounces overall. The added alloy creates a more durable coin.
The spot gold price is simply the current market price of gold at which traders can perform over-the-counter trades with each other. It is the cost of one troy ounce of gold, and the greater the price, the higher the demand.
We are an authorised dealer of The Rand Refinery and The South African Mint. We deal in all types of gold and silver Krugerrands as well as special Krugerrand sets and commemorative Krugerrands. We have a large collection of the “Natura” sets issued over the years by the SA Mint and no longer in production (so very rare!).
Gold purity tends to be measured by karats – abbreviated “kt” – with 24-karat gold designated as 0.999 fine or above. Pure gold fineness would be 1.000; however, the softness of gold would make such coins impractical to use, so 0.999 fine and above is considered pure gold. These coins contain only the most minuscule amount of another metal – or ‘alloy’ – needed to make them tradable.
The American Gold Eagle and South African Krugerrand bullion coins, for instance, are made up of .9167 fine gold, thus making them 22-karat. But they still contain one troy ounce of gold – which is why they weigh 1.0909 troy ounces overall. The added alloy creates a more durable coin.
The spot gold price is simply the current market price of gold at which traders can perform over-the-counter trades with each other. It is the cost of one troy ounce of gold, and the greater the price, the higher the demand.
We are an authorised dealer of The Rand Refinery and The South African Mint. We deal in all types of gold and silver Krugerrands as well as special Krugerrand sets and commemorative Krugerrands. We have a large collection of the “Natura” sets issued over the years by the SA Mint and no longer in production (so very rare!).
We specialise in South African coins either of rarity (graded or potential) or commemorative value. Many old South African coins contain gold/silver and are rare, like the famous Veld pond and 1931 Tickey.
We also deal with international coins, and have a global clientele and network through Noonans Mayfair which we can leverage for our customers.
