HOW MUCH YOUR COINS ARE WORTH...

MBABANE – After all has been said and done, it is not every old coin that can make the person who has it in his or her possession rich.

A lot of Swazis and South Africans who came to trade their old coins were left disappointed because they brought either old coins that did not qualify or were of a lower value.
As a result, a lot returned home disappointed and some went to the extent of borrowing money from the said businessman as they arrived with the hope of returning home very rich.
Almost E6 000 was loaned out to the disappointed sellers by the businessman, in a bid to provide transport money.

Some of them had come to his place hoping to strike it rich, only to find that the coins they were carrying were not worth much.
The business mogul, who cannot be named due to his position in the country and abroad, pays up to over E100 000, depending on the quality and age of that particular coin. The least amount one can get for an old coin is E25.
The most in-demand are gold coins manufactured before the year 1980. In Swaziland, the most sought after coins are those that have King Sobhuza II’s picture.

The recently phased out Swazi coins, which were for the year 2015 and the few years before, are also among those being bought.
However, those are only exchanged on a 1:1 ratio basis. This means that when one brings the phased out piece, he or she gets a new one of the same value.
This can spare the public the hustle of going to banks and facing long queues while trying to exchange the coins. Visited by the Times SUNDAY at his residence, the businessman confirmed that he had to turn back a lot of potential clients due to the fact that they brought what he was not looking for.

When the team arrived at his luxurious home, which is a double-storey building between Manzini and Mbabane, he was found still evaluating what he had received from the ecstatic coin sellers. “The response was so overwhelming that I had to attend to over 100 people in an hour. It is not every coin that can give you good money. I had to give out cash amounting to E6 000 to several people who complained that they had no money to return home. One family came from South Africa and I had to give them E500, yet they had very poor coins which did not qualify for payment.”

He also explained that the fact that he stopped the trade on Tuesday was merely a crowd control antic.

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