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Mandela coins not selling


 People who bought Mandela R5 coins as an investment are struggling to resell them.

Moneyweb reports that several clients who purchased R5 Mandela coins from SA Coin have been experiencing difficulties reselling them.

Business man Dave Ridley bought several coins for between R28,000 and R65,000 between 2008 and 2010.

He placed the coins on mandate to sell last March but has yet to sell them.

SA Coin accounts manager Corien Badenhorst apologised for the wait, saying they were behind on all the mandates.

He added that its been a slow year and that the markets are very slow.