The Scoin Shop, a prominent name in the collectable coin industry, is celebrating its 25th anniversary this year.
Since opening its first store in Sandton City in 1999, the company has expanded into a nationwide network, establishing itself as a key participant in South Africa’s numismatic market.
Expanding Access to Gold
“Just as the Krugerrand democratised gold ownership, we have made gold buying accessible across the country with our Scoin Shops and our online platform at scoinshop.com,” CEO Rael Demby states.
The Scoin Shop offers a wide range of international and local coins, including Krugerrands, modern collectables, and rare numismatics sourced from mints around the world.
“People buy Krugerrands, modern collectable coins and scarce numismatics from mints around the world for numerous reasons – the hobby of numismatics, sentimental reasons and as a store of value. Gold is an asset which over a long period of time, keeps its value,” Demby explains.
Building Global Partnerships
Over the past 25 years, The Scoin Shop has established relationships with leading mints, such as the Monnaie de Paris, the United States Mint, the Mint of Norway, the Royal Mint, the Royal Canadian Mint, the Perth Mint Australia, the East India Company, Staatliche Münze Berlin, and Münze Österreich.
“These strategic partnerships have allowed us to introduce South African collectors to sought-after coins such as Sovereigns, Canadian Maple Leaves and coins and medallions from the Nobel Laureate programme. We pride ourselves on our unique and trusted relationships with the world’s mints,” Demby comments.
These partnerships give collectors access to an extensive selection of coins, including exclusive designs from well-established international mints.
Prioritising Authenticity and Expertise
The Scoin Shop has aligned itself with respected organisations, including the American Numismatic Association (AMA), the Jewellery Council of South Africa, and the Numismatic Guaranty Corporation (NGC). These affiliations reinforce its commitment to authenticity and quality in the numismatic sector.
Special Offerings for the Festive Season
To mark its 25th anniversary, The Scoin Shop has introduced special collections for the festive season. These collections focus on coins and medallions designed to hold both sentimental and long-term value.
“My top picks for 2024 gifting are a 1oz Gold Krugerrand. You can’t go wrong with the original bullion coin and a true South African classic. Also the Gold Dior ¼ oz celebrating the tradition of fine French craftsmanship and featuring the iconic Dior bow. And my particular choice is a new release from the Royal Canadian Mint, called The Dragonfly and the Bloom – 5oz of pure silver, with selective yellow gold plating and crystal embellishments. For those looking to build a collection, silver provides an accessible way to own a piece of precious metal. Whether it’s silver or gold, we encourage collectors to choose items that inspire and hold personal significance,” Demby suggests.
