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Coinbyur

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  1. I just went & looked at some novodels on ebay. I couldn't believe how high the prices were. In the thousands. That sounds crazy to me. As far as I'm concerned if I'm going to spend 2,3,4 thousand dollars I'm going to buy the original coins struck for commerce... but to each there own. If they are that scarce & their demand is that high then it's the market that is creating that price. Of course these were only asking prices, they may never sell at those prices. This could be some over zealous sellers who are very proud of their coins. There were others for much lower prices. The 1's I purchased only cost me something like $25 to $75 each. Some novodels are over 100 years old & that has to be considered, but their dates aren't usually the dates the coins were struck... if ever. I couldn't ever see my self paying that much for them.
  2. Here is one reason "novodels" were offically produced by some of the Russian mints: Collectors wanted to complete their collections but some coins that were produced for circulation were very scarce, difficult & sometimes next to impossible to obtain, so the mint struck more to satisfiy this collector demand. There are ways to distinguish between novodels & circulation strikes, sometimes it's edge differences. There are other differences as well, all of which I am not aware. While novodels are not as valuable as the original circulation strikes, they can still be scarce & have significant value. A good example is an original circulation strike of a particular coin may have a retail value of $3500.00 in EF it's novodel equivilent would typically have a valuation of $150.00 to $200.00. I'm no expert on novodels, but I know enough to say that if you choose to invest in them you should do your research. Another thing just came to mind some novodels had their raised charateristics strenghtened & refined & looked better than the original circulation strikes. Some liken them to a type of proof coinage. I own a few, which I bought at what I considered favoralble prices but wouldn't buy any more until I did my research more throughly. Thanks for letting me share.
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