Reading latest news you could see titles like ?Sale of Russian Ruble Paves the Way in Goldberg Coins Pre Long Beach Auction?, ?Russian Ruble (1714/3 PCGS EF-45) fetching $46,800? and going through Russian Coin forums, you will see topics, such as ?Russian Coins Prices are MAD? and ?This hobby is becoming too expensive?.
Russian Coin market has exploded this year! The prices for most quality Imperial Russian Coins (pre 1917) has grown 100% and keep going up. Coin Dealers are confused and if you call most of them you will hear the same answer: ?We don?t have any Russian Coins in the inventory right now. Russian Coin Market is hot.? So, who is buying Russian Coins and how it can be possible for the coins prices to grow 100% in just 1 year?
We believe, to understand what happened you will need to go back in the history. Russia went through very difficult times in 20th century; people struggled to feed their families and had little interest in expensive hobbies, such as collecting coins. A lot of silver and gold coins were melted down or converted to jewelry. We know how many Russians coins were minted, but no one knows how many coins survived through all these years of weak economy. Even now all Imperial Russian Coins can not be exported from Russia, so there circulation of such coins outside of Russia is limited to Russian coins smuggled illegally or Russian coins kept by generations of Russian immigrants.
You could see that demand for Russian coins started to grow 5 years ago when Russian economy just started to recover. It?s easy to conclude that the recent growth in Russian coin prices is related to booming Russian economy. In fact, if you compare results of coin auctions in Russia with Russian coin auctions outside of Russia, prices for the same Russian coins outside of Russia are 10-30% below than inside of Russia! The demand is coming from Russia itself where more and more people find investing in coins to be very rewarding. Russian coins on European and North American auctions are bought through proxies and coming back to Russia and western Russian coins inventories, which were not very good from the beginning are depleting. There is a huge demand, which drives the prices up and with quality Russian coins going to private collectors and investors you can find that some rare coins sold in the auction in January are selling for twice as much in June. This is unbelievable 100% Return on Investment in 5 months!!! And, people were saying stock market brings highest returns. The one million dollar question is for how long the prices for Russian Coins can growth and would this market overheat and crash one day.
We know that every market has its ups and downs and 100% growth is not sustainable in the long term. From the other hand, if we compare coin prices for British and American coins to Russian coins, we can still see that rare Russian coins are still selling for much less than British or American coins of such rarity. For the largest country in the world with, such an interesting history, Russian coin market is still in the developing stages and we believe it will be booming while Russian economy is doing well and a lot of experts suggest that Russia might finally have a bright future.
If you are interested in taking a part of this rally and have little or no knowledge on Russian coins, following are some suggestions, which you will need to consider. As in any growing market there are people, who are trying to exploit and profit from it in a fast way. There are more and more fakes of Russian coins, which are coming to the market, which are worthless, but can be sold to inexperienced collectors or investors for thousands of dollars. People looking for bargains are ending up buying these fakes without realizing that they were cheated. Our advise it to stick to the coin dealers, who specialize in Russian coins. Avoid auction sites, such as Ebay, where (don?t be surprised) a lot of Russian coins sold as original will end up to be copies! Buy coins certified by NGC, ANACS or PCGS. Apart from certifying that coin is genuine, certified Russian coins are graded according world standards. When you buy ?raw? (uncertified) Russian coins, which is a high possibility they are overgraded or can end up to be cleaned or worse - fakes. You pay a premium on certified coins, but it?s worth it. The fact is that even experts can?t tell if the coin is fake by looking at the picture and without certified agencies, coin market would be doomed. Do some research to learn about coin grades, clean coins, coin toning and coin varieties. For example, Liberty Gold Dollar of 1879 would cost you around $350 in (AU) About Uncirculated grade and $7000 in Uncirculated MS-67 grade and if you haven?t seen a lot of these coins you won?t even tell the difference between the 2. Our advice, that you should buy VF-30 ? XF-45 1700-1810 Russian coins and AU or MS-65 1810-1917 Russian coins. These experienced the highest market value growth in the recent years and we believe will keep going up. Russian Gold Coins and Platinum Russian Coins were appreciating fast because of the recent growth in Gold prices, so if you believe the price for gold is going up and can afford such coins, you might find to look at Russian Gold Coins a bit closely.
To summarize, Russian Coin market is still maturing and although 100% increase in price in 1 year seems crazy, it can be explained that Russian coins were overlooked in the past and were very cheap before and just start to get appreciation and demand they deserve in the recent years.
Alex Kotov is a member of American Numismatic Association and employee of Russian Coins Dealer
Hammered Gold and Hammered Silver Coins: Evaluating Their Price
When it comes to evaluating the price of hammered coins it is much more challenging than it is for other items that are still manufactured today. That is why both buyers and sellers have to be extra vigilant in ensuring that they buy and sell for a fair price. If you are considering selling or buying hammered coins, make sure that you seek professional advice before doing so and that you do not simply jump in at the first offer.
Challenge Coins - A Special Type of Coins
For your convenience we have published this article in order to let you know of everything related to the Challenge Coins. Enjoy ?
Favorite Gold Coins To Collect For Investment
Why Gold American Eagle Coins are Popular among Collectors
Improving Efficiency with Warehouse Inventory Software
There are many benefits to using different software programs in the business world. The computer has opened up more options regarding technology and has made many business practices better, especially when dealing with warehouse management. Technology can mean loads less of paperwork, less time spent doing inventory and most importantly- less money out of a company?s pocket! When it comes to warehouse inventory software, a company can handle products/ goods in a more efficient manner and ship accurately. There are not as many chances for mistakes as when manual labor is in charge because computerized software means no workers getting tired or paid overtime for doing tedious work that they neither want to do nor do you want to pay them to do...
New Jewish Coins Use Old Wisdom To Aid In Life Balancing
SoulCoin offers timeless wisdom through unique coins. SoulCoin has just released The Humility and Joy Coin Set, two 1.5 inch brass coins based on a well-known parable of Jewish wisdom. The coins help people balance their approach to life so that they can focus on achieving their goals in a positive, satisfying, yet humble way.
Motorcycle Traders Like Stamps Or Coins
Motorcycles are in some ways like stamps or coins. Some people get very hooked on the beauty and style of the motorcycle and want to collect them. Some motorcycle collectors will base their collection around a particular brand like Harley Davidson. Their goal will be to collect as many different models and years of motorcycles, especially the very early models or signature models. Signature models can be ones that were prominently featured in a movie or ones that are owned by famous celebrities.
The Key To Protecting Your Valuable Coin Collection
Finding the proper place for storing coins is the world?s most important task for all coin collector?s or numismatists, because, for ensuring that the value and quality of their precious coins is well maintained, it is necessary to store them in a secure and good place.
New $1 Coins Presented At Ash Lawn-Highland
James Monroe Presidential $1 Coins Head into Circulation Nationwide on Valentines Day
Fishbowl Inventory Software, the Fastest Growing Inventory Solution for QuickBooks, Boasts Third Consecutive Year of Over 275% Growth
Fishbowl Inventory, the premier inventory solution for QuickBooks users, announces they are sustaining a yearly growth rate of 275% for the past three years. ExpressTech International, the official name of the company, credits its spectacular success to the release of 4.6 last year, the great working relationship with Intuit, and the doubling of their workforce over the previous year. This winning combination continues to benefit customers. With upcoming product enhancements, it will make an already superior inventory control/supply chain solution that much better. For more information on Business Inventory Software Control
Any system, to be organized has to maintain a record of all the things it holds. From a small scale industry to a multinational company, every organization has to maintain a log of its inventory. Even for a home, an inventory record has to be maintained. This is generally done by the woman of the house, who knows exactly what items are present in the house, and where they are present. Inventory control is very essential to the functioning of a business because a company needs to know the stock it currently holds. Failure to do so may result in a dramatic collapse of both the goodwill of the company and in some cases, the company itself. For example, consider a computer manufacturing unit without a control system. Suppose it has the parts ne...
Historical Silver Dollar Value Trends Reveal Coins Destined for Bullish Futures
Analysis of U.S. Peace silver dollars (minted 1921-1935) indicate only a few dates of this artistically acclaimed coin series are good bets to enjoy strong price advancements in the future. This conclusion is based on proven performance over a period of many years.
Grade Your Coins
To the novice, it might seem like one coin is as good as the next. However, that?s just not the case. To determine value of coins of the same type, grading is performed. Basically, grading is the process that determines the condition?and the value?of the coin being looked at. The grade of a coin can wildly affect its value. Years past, Dr. William Shelby devised the 0-70 scale system for grading coins.
Gold Coins Gain as Oil Inventories Fall According to World Financial
Gold Coins Continue to Increase as Oil Spikes to Record According to World Financial. Gold investors buy gold in anticipation of inflation despite shrinking inventories.
Restaurant Inventory Software: Made For The Restaurants.
You can get the right Restaurant Inventory Software for your restaurant online. The advantage of buying your software online is that most of the software vendors are able to provide better service over the internet. In the case of the restaurant software too, there are a lot more software available over the net than what you find over the counter at a store. It is also common to find Restaurant Inventory Software to match the most common needs of every restaurant.
Hammered Coins of England is Increasing in Popularity as a Medium and Marketplace for Collectors of Old Hammered Coins
Hammeredcoinsofengland.com -- the website of the company which buys and sells old hammered coins -- is rapidly increasing in traffic as collectors visit their website to read their articles on hammered coins, buy and sell, as well as evaluate and give opinions on coins.