QUOTE(gxseries @ Sep 11 2006, 03:10 AM)
Indeed they used to be unappericated in the past, but at that price, I really wonder if it is starting to go a bit too high

I cannot predict the prices of Russian coins these days...
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I guess it depends on how you look at it.
Russian coins have not moved equally upward. Certainly most of the copper coins have not jumped in price to the same degree that some other Russian coins have.
Maybe they are overdue for price increases.
Certainly the copper coins are popular, circulated more freely than those in precious metals and I think there are some collectors who would argue that a copper coin in choice condition is a more significant find than a nice silver coin.
And, when you think about it, compared to nice US, British or Australian copper coins, maybe the prices for attractive Russian copper coins aren't really so outrageous after all.
I certainly agree that the rapid price changes for Russian coins in recent years have been confusing and at times it has been difficult to know what is a fair price to pay for things. More than a few times, I have been genuinely shocked by prices realized at auction. Sometimes I have wondered if this was just hot money coming into the market looking for a quick buck, that might one day just as quickly leave again to go into real estate, the futures market or beanie babies.
On the other hand, Russia has long been a country with an established tradition of private coin collecting which was not encouraged under Communist rule. So it might be reasonable to argue that prices for Russian coins were artificially low for almost a century and are just making up for lost time.
Maybe it's a bit of both.
It's a confusing situation and I think it might be a while before some sort of supply and demand equilibrium is achieved and prices stabilize.