The Scoin Shop Turns 25: A Legacy Forged in Gold

Johannesburg, November, 15, 2024:  The Scoin Shop marks a significant milestone this year, celebrating 25 years of operation since its first store opened in Sandton City in 1999. What began as a single location has expanded into a national network that has become a staple in the numismatic community.

The Scoin Shop is viewed as more than just a retail outlet.

Rael Demby, CEO of The Scoin Shop, comments on the company’s mission: “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.”

A large variety of international and local coins

The Scoin Shop has become an access point for South Africans and clients worldwide to purchase a piece of South Africa’s most precious resource: gold.

With stock of a large variety of international and local coins for all types of interests, the Scoin Shop can help advise and source coins, medallions and bullion of choice.

“ 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, it keeps its value,” adds Demby.

Strategic Partnerships with International Mints

Over the past 25 years, The Scoin Shop has secured exclusive relationships with national mints, creating access to products from 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.Today, The Scoin Shop is viewed as more than just a retail outlet. It has established itself as a key player in South Africa’s collectable coin and medallion market.

 

“ These strategic partnerships have allowed us to introduce South African collectors to sought-after coins like 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,” comments Demby

International Affiliations Underscore Expertise

Memberships in organisations like the American Numismatic Association (AMA) and the Jewellery Council of South Africa and partnerships with The Numismatic Guaranty Corporation (NGC) underscore The Scoin Shop’s commitment to authenticity and expertise in numismatics. These affiliations signify a dedication to quality that resonates with collectors locally and internationally.

Festive Gifting Guide                                                                                               

This festive season, The Scoin Shop offers exclusive gift collections that include items intended to be treasured for generations. A gold coin or a rare medallion is more than just a gift; it represents a connection to history and heritage. 

“ My top pick for 2024 gifting is a 1oz Gold Krugerrand. You can’t go wrong with the original bullion coin and a true South African classic. The Gold Dior ¼ oz celebrates the tradition of fine French craftsmanship and features 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,” suggests Demby.

As The Scoin Shop celebrates its 25th anniversary, it highlights its role in the coin and collectable market, focusing on a legacy rooted in quality, expertise, and the enduring appeal of gold. For collectors and investors, it remains a reliable destination for Krugerrands, modern collectable coins and rare numismatics.

 

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