Hi to all Anyone who is familiar with Russian coins please help me. First questions: Is it profitable to collect Soviet era coins( business strikes and commemorates)?. If the answer is yes , what is the wisest possible method to collect Soviet era coins ( especially business strike coins )? Second question: the same as above for post Soviet era coins (modern Russia). Newly I started to collect silver commemorate modern Russian coins. They are beautiful and low mintage. What is your prediction for their profitability in a 10-20 years period of time? Please advise me regarding above questions and tell me how to collect Russian coins to get the highest profits in 10-15 years period .(Soviet and post soviet era ). Your comments are appreciated.
With Soviet business strikes, there are some key dates as with American coins, and those are worth quite a bit, but, unfortunately, ordinary Soviet business strike coinage never had much value. With commemoratives too, it seems that they sell for pretty much melt value. If you enjoy Soviet coinage, then I hope that you have a good time collecting, but, in terms of profitability, Soviet coinage isn't what spikes interest in the American population, or, younger Russian generation.
I think you are quite late in the game. Some rare key dates have went several fold to what they used to be. The real question is how much are you willing to spend. Take for instance 1970 mint set. If you are in for profit, stock market is the better choice.
The Soviet coins are beautiful. But, usually, cost not much. I mean usual, but not gold and silver coins.
At the same time: ancient Russian coins cost much. Old Russian coins are more popular in Russia, than coins of the USA. Also are much more expensive.
The Siberian coins cost quite much. They used only in the territory of Siberia. I have 4 coins: polushka (1/4 kopek), denga (1/2 kopek), 1 kopek and 2 kopek. I haven't 5 and 10 kopek.
These are some of my Russian coins purchases. I would like to point out that I purchased about 750 US dollar for 10 KOPEK 1925 in MS 67 grade. But I think it was a wrong purchase and does not worth such price for this coin
Thank to all especially you Siberian man. Your comments have a lot to learn for newbies like as me. God bless you.
What is your idea about NOVODELs ? Are novodel coins worthy to purchase ? are they popular in Russian numismatic culture? And about Soviet strike business coins , are they popular among Russian collectors? The strange thing to me is that most of online auction houses, focus on old Russian coins and just few Soviet strike business coins available for bidding!! It raised a big question in my mind why Soviet business strike coins can not be found easily in online Auction houses ?!
Hello. As for me I don't like NOVODELs. They aren't popular in Russia. And as for Soviet strike bussiness coins (silver and gold) - yes it is, they are popular between Russian collectors.
Hello Siberian man, I appreciate you for helping me.You taught me a lot by your valuable knowledge and experience. Best wishes
I wouldn't buy any coin for an investment. But If I were going to regardless of sound advice you could do way worse than Soviet coins... ...probably. Don't get me wrong some of the best coins are highly risky because they have had huge gains and it's possible these increases are largely speculative. I really have very little knowledge of the quality of the demand. But I do know something about the depth of the supply. Supply is remarkably shallow. Many of these coins are very difficult to acquire. If not for the sharply higher prices they'd be almost impossible to locate. Right now the best bargains are probably the post 1962 copper and 1 R's. If you insist on rolling the dice and taking your chances there are several great opportunities that could pay good returns. A better bet is to just collect coins and you'll come out ahead in enjoyment no matter what. I always tried to just collect coins that were out of favor and had time on their side. Right now modern Brazilian coins are another great place to collect.
The Russian coin market saw a very strong growth perhaps just over a decade ago but prices have weakened since then due to economic sanctions. I think there is still a diehard group of collectors both in Russia and the US. I do try and pick up the odd Imperial Russian coin and probably have 10-12 coins I would not like to part with in a hurry due to their uniqueness. Commemorative, coronation and generally proof coins still demand a handsome price and I feel these will hold their value depending on the purchase price. Some of the older gold coins can be very expensive but most Nicholas II 5 rouble coins can be had for fairly low prices. Anna, Catherine I and II, Peter the Great, Alexander I, II and III, Elizabeth etc. etc. All are good rulers to collect and sometimes you could get lucky and pick up a bargain. Novodels might not be popular in Russia but overseas collectors and overseas Russians definitely do like them and they will pay many hundreds if not thousand plus dollars for a good specimen. This one is an SP63
I dabbled in business strike Soviet coins for a while, and started on a type set. There isn't much market for them, and I've noticed that Soviet coins are either worth pennies or the better part of $100+ without much in between. Early (1920s or 30s) issues can be worth a bit, especially the silver 50 kopek or rubles which are usually quite pricy in anything resembling decent grade. I'll echo cladding - coins are not a good 10-20 year investment unless you get very lucky. Build a set of whatever you like, or if you know the market very well, buy to flip immediately.
Timing has to do with a lot of things. I bought most of my Soviet coins when silver was around 5usd / oz. Most of my Russian coins including many Soviet coins have easily doubled if not more. Surprisingly it's some of the key dates that I bought that became cheaper along the years. Sometimes catalogs don't reflect how difficult some coins are. Take for example - try collecting an entire set of Soviet rubles 1921 to 1991 excluding commemoratives. Sounds simple but I found them quite hard. Today if I have to assemble a similar set, I probably have to pay 3 times of what I did.
