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5 Treasures Of Coin Collectors

Treasures Of Coin Collectors

Posted on May 28, 2011 by kulichik


Some coins are total mysteries. Today we’ll get a chance to look at some of them bearing in mind that one day they can become invaluable.

Following the Era of the New Economic Policy (NEP) the Soviet Government has made a decision to substitute silver coins by those made of copper and nickel. It was planned to use silver for the purpose of industrialization.
In 1931 the 10, 15 and 20 kopeck coins appeared in circulation. The 1 ruble and 50 kopeck coins were claimed unnecessary. The Russian Mint in Leningrad had imprints to mint the trial 10 and 50 kopeck coins. The coins themselves were not preserved. Still, some years ago the 50 kopeck sample was found in a private collection. It was the only known sample of a coin minted in 1929. In May 2011 the coin was sold to an anonymous buyer who was willing to pay 10 million rubles for it.

The cost of the 12 ruble coin is 4.65 million rubles. The Russian Empire was the only country in the world that minted platinum coins for general circulation. The 12 ruble coins belong to the limited edition. They were minted in the 2nd half of the 19th century following the order of rich coin collectors. Only 11 of them were made in 1836.
There are only 11 of them made in 1836. Their price is increasing constantly. In December 2010 one such coin was sold for $96 000.

 

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5 Responses to “Treasures Of Coin Collectors”

  1. Musa says:

    Great Post Guys! Please post more like this. Thank You!

  2. EnglishBob says:

    Every country in the world seems to adopt fiat money eventually.

  3. Otis R. Needleman says:

    Interesting, indeed. My thanks, too!

  4. testicules says:

    A penny for your thoughts

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