The Power of Silver - The South Africa R1 of 1969 worth more than your R1 today?? Poll on video.
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- Опубліковано 25 сер 2018
- Hey Everyone
The Power of Silver - What could you buy for R1 back in 1969?
Click on the i (top right hand corner) at the end of the video for your vote. Thanks
Sadly there isn't much data available however i found the following:
A loaf of bread was 9c over R10 a loaf now!
500g steak - 15c - R80 a kilo now if your lucky
Lt.of Milk - 7c - R11 a lt. today
Lt. of Petrol (gas) - 10c a lt. now over R15 a lt.
Just a few examples. However the old R1 coin has a hidden secret and that is Silver! A very high fineness of 0.800.
What this means is your old R1 of 1969 today is worth a hell of a lot more that your R1 today even though they share the same intrinsic value.
Your old R1 coin weights 15g with 0.800 fineness the amount of silver is 12g x $5.71 (as priced 26/08/2018) = R81.42
YES your old R1 from 1969 is worth R81.42 (although i stated R85 when I made this video)
Your New R1 that's in your pocket well thats a different story. Although the South African reserve bank keep gold reserves this doesn't seem to counter the depreciating currency.
Your R1 today gets you:
Not a lot sadly!
Loose chewing gum called chappies
Sim card
There used to be a R5 store until it was renamed the Crazy Store for obvious reasons.
Anyway thanks for watching and hope you enjoy the video. Hopefully you take something away from it and start looking for those old silver coins.
Dealers are advertising they want them....why let them have it!
If you have any questions you are welcome to drop me an email which is on my channel.
I use this site for all silver calculations which includes fineness.
www.silver-calculator.com/
Hit that LIKE button, COMMENT and SUBSCRIBE if you haven't already.
Cheers and thanks again for watching.
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Wow way to bring it home. R85 for an R1 in silver alone. The numismatic value must be through the roof. Great video!
Thanks. Surprisingly they are under valued however the dealers are taking people for fools by offering token values for them because cash is king in SA. I am already on the look out for old silver any country!
I have learnt a lot about South African coins!
thanks for the comment. The older coinage is very interesting. Did you respond to the poll? I have a few older banknotes as well and I have the first issue run in 1921. Will post this in due course.
Great Video thanks for the information !
Thanks very much for your feedback. Much appreciated. Also thank you for subscribing. You pushing me in double figures. 👍 😁
Very interesting, I like the history of world money and weights used 👍🏻
Thanks milled steel. I find these to be very interesting when compared to Fiat.
Interesting info my friend. Knowledge is power!! ✌
Thanks for watching
Got two silver Rands from 60s now. Under silver spot. I am so pleased with myself.
Excellent. Great job.
I realy like how you give the history of the coins
Thank you. Check out the 79 proof set
@@SilverLimey79 I did loved it
super! hit that subscribe button for more content
Hi tnx fo info.can u tel wats da value in south africa.
Hi Joyce. I did put the details in the video. Just the bullion content alone makes it valuable.
I like those silver “Suid-Afrikaanse Een Rand” coins
They are very nice
Hi there,
Can you recommend where one might be able to find collectors values?
I have gotten hold of a variety of old South African coins, some I am certain are rare...I dont want to be taken for a ride when taking them to a dealer...would like to do research first.
Good question. I have an old SA book from 2002. Your better off buying one online. Hopefully the latest. It would be interesting to see what years and what coins you have. You can aways email me on silverlimey79@gmail.com
SilverLimey 79 thanks for the suggestion, , I’m going through the collection atm...finding some Namibian and Botswanan coins as well...I’lol share some pics with you .
@@danfernandesmusic that great Daniel. I used to live in Botswana in 88 for a few years. I remember the odd shaped 1 Pula coin. Thanks for watching
The one silver South African coin is the 2½ cent coin from 1961
Thanks Olive Obelisk
Where can I check how much is my South African coin valued at?? 1990 R1
Is that the PW Botha large or small R1?
Can you do more south African coin vidios
Hello Hanno, I don't have many SA coins, but i do have banknotes from the Reserve bank from 1921 onwards
Cool
@@hannobothma9208 you live in South Africa?
Yes and I cant find any channels about south African coins
@@hannobothma9208 I don't think I have come across any. I will be working on the banknote series soon. I also have a proof set from 1979 including the half cent.
Also 1 rand is absolutely useless these days 😕 , I can buy 2 chappies at the shop nearby
The old R1 is worth R85 new ones! Thanks for watching
What would be the value of a 1966 R1 coin
Well the silver value is around R120 based on the exchange rate. Collectable value I am not sure.
How would i find a collector
@@kavithaaugustine9050 you can purchase the latest herns guide of South Africa coinage. Rand Coin in randburg may have copies. Google them to find there contact number.
Also , I'm an idiot T-T I lost my 1 rand from 1984 but I have the rest of the series
Thats good. The silver of the old R1 was at .800 fineness
I have a 1990 R1 how much is its value and is it also silver ?