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Picked up this 1931 Latvia 5 Lati. Self-slab job.
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<p>[QUOTE="princeofwaldo, post: 8432840, member: 24091"]Yes, that is correct about the Latvian coins flooding the market once the Soviet Union collapsed. The smaller commemorative AR 2 Lati coins were very tough at one time, then an enormous flood hit the market. There was some fear back around 1995 that the same would hold true for Tsarist era Russian coins, that a deluge would flood the market and prices would drop, but the flood never arrived. For those collectors who got into the Russian market in 1995 then got out at the top in 2008, a gain of around 20 TIMES the initial outlay. The Baltic countries material in gem BU seems to have held-up pretty well so far all things considered, though something like a 1931 Latvia 2 Lati in XF/AU is only worth a fraction of what it was pre-breakup.[/QUOTE]</p><p><br /></p>
[QUOTE="princeofwaldo, post: 8432840, member: 24091"]Yes, that is correct about the Latvian coins flooding the market once the Soviet Union collapsed. The smaller commemorative AR 2 Lati coins were very tough at one time, then an enormous flood hit the market. There was some fear back around 1995 that the same would hold true for Tsarist era Russian coins, that a deluge would flood the market and prices would drop, but the flood never arrived. For those collectors who got into the Russian market in 1995 then got out at the top in 2008, a gain of around 20 TIMES the initial outlay. The Baltic countries material in gem BU seems to have held-up pretty well so far all things considered, though something like a 1931 Latvia 2 Lati in XF/AU is only worth a fraction of what it was pre-breakup.[/QUOTE]
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Picked up this 1931 Latvia 5 Lati. Self-slab job.
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