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<p>[QUOTE="gxseries, post: 2224646, member: 4373"]Within the last 10 years or so, essentially any Chinese or Russian coins including low grade coins, including junk coins were on the upward trend. In particular, many coins issued prior to 1950s were very undervalued.</p><p> </p><p>Fast forward now with the global slowdown, while one might be under the impression that the general public may not be spending as much - this still has not affected scarce / rare coins. While I would agree that prices of lower grade coins have slowed down, if not dropped, I still see no evidence of high grade coins sold at a bargain.</p><p> </p><p>Soviet mint set prices have still not dropped too much in my opinion however there was a drop in price early in the year. For instance the key 1970 mint set was sold at a record 1500 USD last year and there were a couple sold early in the year for mere 1000 USD. I believe the last mint set was sold for around 1200 USD. This is still some serious money.</p><p> </p><p>On the other hand, a common bimetallic Russian 10 ruble coin that are currently circulating used to sell for some silly money, like 5 - 10 dollars each. Now it is a lot harder to make such sales.</p><p> </p><p>I believe at this moment, sellers are not willing to sell coins at a big loss in particular less common types.[/QUOTE]</p><p><br /></p>
[QUOTE="gxseries, post: 2224646, member: 4373"]Within the last 10 years or so, essentially any Chinese or Russian coins including low grade coins, including junk coins were on the upward trend. In particular, many coins issued prior to 1950s were very undervalued. Fast forward now with the global slowdown, while one might be under the impression that the general public may not be spending as much - this still has not affected scarce / rare coins. While I would agree that prices of lower grade coins have slowed down, if not dropped, I still see no evidence of high grade coins sold at a bargain. Soviet mint set prices have still not dropped too much in my opinion however there was a drop in price early in the year. For instance the key 1970 mint set was sold at a record 1500 USD last year and there were a couple sold early in the year for mere 1000 USD. I believe the last mint set was sold for around 1200 USD. This is still some serious money. On the other hand, a common bimetallic Russian 10 ruble coin that are currently circulating used to sell for some silly money, like 5 - 10 dollars each. Now it is a lot harder to make such sales. I believe at this moment, sellers are not willing to sell coins at a big loss in particular less common types.[/QUOTE]
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