Well its started.
The massive assault on early South African coin prices (pre-1900) is now turning up a gear.
Since January this year we have seen an
Hern's latest (2006) book on South African Coins and Patterns valued the 1888 piece at US$10,000, the 1874 piece at US$1,200 and the Griqua pattern at US$1,300
While we play no particular weight on the erratic values given by Hern on rare coins the price fluctuations do reflect the difficulty in keeping tabs on the extraordinary explosion in coin values as more and more collectors embrace the Internet and discover eBay - causing prices on rarer pieces to soar.
It is clear that the trend from here will be up and those who bought now did well.
The images below show the three pattern coins auctioned on eBay:
Sale Price US$7,100
Description: South Africa (ZAR) Pattern penny (1874), UNC, but cleaned with streaks. Linked here to eBay listing
Sale Price US$1,970
Description: Nickel plated variety with an estimated mintage of only 20 pieces (1874), Prooflike but with blemishes. Linked here to eBay listing
Sale Price US$4,200