In 1980 Alan rented his first offices and started coin dealing on a full time basis under the company name of Gold Club. Since then his business has been on the up. In 1992, he bought The South African Gold Coin Exchange and went on to open the first Scoin Shop seven years later. To date, there are 25 Scoin Shops throughout the UK and South Africa that turnover approximately £60m per year.
Manchester United fans who think their team is worth its worth in weight in gold can now put their money where their mouth is thanks to a Manchester-born entrepreneur.
The UK and the world’s only gold coin retail chain, South Africa’s The Scoin Shop, has opened its flagship store in London’s new Westfield Stratford City shopping centre. The launch showcases the London 2012 Olympic Games commemorative gold coin collection.
A South African entrepreneur is cashing in on the soaring gold price by opening a chain of gold coin shops across Britain.
Alan Demby, who opened The Scoin Shop's flagship store at Westfield in east London, is planning stores around Britain selling Olympic coins and other commemorative gold products.
With gold prices at record levels, The Scoin Shop is bound to be one of the success stories of the new mall and is aimed, says the owner, at collectors not investors.
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