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<p>[QUOTE="Rian, post: 2699530, member: 86383"]Even locally in SA most people sell them for around ZAR1200 - ZAR1400, which is close or just over the US$100 mark for the ungraded coins. Most, if not all auctions I have come across on local SA platforms, sell the ungraded for about ZAR1200. I have come across some Facebook groups where some sellers listed some of them for ZAR800, which is about $60. But, these have been sold out quickly.</p><p><br /></p><p>The coin is no longer available from the SAMint. So, even South Africans can't pop in buy them at ZAR660, which was their selling price for the ungraded coins.</p><p><br /></p><p>The past month most big coins dealers in SA had nothing left in stock. But, most of them appeared to have received new stock on Thursday and they are now selling these coins at around ZAR1400.</p><p><br /></p><p>I pretty much guess the buying market has set the price. Buyers are willing to pay at that price. I have pretty much been following the sales on this coin and it is fetching record high prices, in my opinion - <a href="http://coindatabase.org/coin.php?q=1616" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coindatabase.org/coin.php?q=1616" rel="nofollow">http://coindatabase.org/coin.php?q=1616</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Rian, post: 2699530, member: 86383"]Even locally in SA most people sell them for around ZAR1200 - ZAR1400, which is close or just over the US$100 mark for the ungraded coins. Most, if not all auctions I have come across on local SA platforms, sell the ungraded for about ZAR1200. I have come across some Facebook groups where some sellers listed some of them for ZAR800, which is about $60. But, these have been sold out quickly. The coin is no longer available from the SAMint. So, even South Africans can't pop in buy them at ZAR660, which was their selling price for the ungraded coins. The past month most big coins dealers in SA had nothing left in stock. But, most of them appeared to have received new stock on Thursday and they are now selling these coins at around ZAR1400. I pretty much guess the buying market has set the price. Buyers are willing to pay at that price. I have pretty much been following the sales on this coin and it is fetching record high prices, in my opinion - [url]http://coindatabase.org/coin.php?q=1616[/url][/QUOTE]
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