Cheburgen Posted June 1, 2007 Report Share Posted June 1, 2007 <Export of such national treasures is illegal. It is already illegal to export russian coins (50 years and older I beleive) from Russia. Well, at least without appropriate permission. Link to comment Share on other sites More sharing options...
WCO Posted June 2, 2007 Author Report Share Posted June 2, 2007 Observations from ended auction. The prices are MAD! Similar quality coins that just in January were sold on NY held auctions almost DOUBLED since then. (like Gold Proofs, Gangut Rubles, etc.). Simple 1874 20 Kopecks that I never seen to be sold over $400 was $1300 +15% = $1,495!!!! http://cgi.liveauctions.ebay.com/51813-Rus...sspagenameZWDVW All gold Proofs went from under $10K to close to $20K zone within 3-4 months http://cgi.liveauctions.ebay.com/51806-Rus...111233077QQrdZ1 http://cgi.liveauctions.ebay.com/51840-Rus...sspagenameZWDVW All early Nicholas II Rubles in MS-64 more than doubled (were $1500-1700 just recently): http://cgi.liveauctions.ebay.com/51862-Rus...111233922QQrdZ1 http://cgi.liveauctions.ebay.com/51863-Rus...111233927QQrdZ1 Interestingly enough similar Ruble recently sold on e-bay brought about 1/3 of the auction price: http://cgi.ebay.com/NGC-MS-63-RUSSIA-1-ROU...1QQcmdZViewItem And common date 1841-1850's Rubles brought $5K on average! What is going on? People do not care about money they pay anymore? Best regards, WCO Link to comment Share on other sites More sharing options...
Oldman Posted June 3, 2007 Report Share Posted June 3, 2007 Observations from ended auction. The prices are MAD! Similar quality coins that just in January were sold on NY held auctions almost DOUBLED since then. (like Gold Proofs, Gangut Rubles, etc.). Simple 1874 20 Kopecks that I never seen to be sold over $400 was $1300 +15% = $1,495!!!! http://cgi.liveauctions.ebay.com/51813-Rus...sspagenameZWDVW All gold Proofs went from under $10K to close to $20K zone within 3-4 months http://cgi.liveauctions.ebay.com/51806-Rus...111233077QQrdZ1 http://cgi.liveauctions.ebay.com/51840-Rus...sspagenameZWDVW All early Nicholas II Rubles in MS-64 more than doubled (were $1500-1700 just recently): http://cgi.liveauctions.ebay.com/51862-Rus...111233922QQrdZ1 http://cgi.liveauctions.ebay.com/51863-Rus...111233927QQrdZ1 Interestingly enough similar Ruble recently sold on e-bay brought about 1/3 of the auction price: http://cgi.ebay.com/NGC-MS-63-RUSSIA-1-ROU...1QQcmdZViewItem And common date 1841-1850's Rubles brought $5K on average! What is going on? People do not care about money they pay anymore? Best regards, WCO It is a BIG game, much bigger that you can imagine. Dealers get their comissions based on the sale price, that's why the auction prices are so high. I guarantee that you won't be able to sell same coin for 70% of this price privately. I guess everyone understands what I'm talking about... As always, yours, Link to comment Share on other sites More sharing options...
WCO Posted June 3, 2007 Author Report Share Posted June 3, 2007 It is a BIG game, much bigger that you can imagine. Dealers get their comissions based on the sale price, that's why the auction prices are so high. I guarantee that you won't be able to sell same coin for 70% of this price privately. I guess everyone understands what I'm talking about... As always, yours, It may be sometimes the reason for unreasonably high price for a particular coin, but it also means that someone is willing to pay ANY price (unlimited buy orders) to obtain some coin. regards, WCO Link to comment Share on other sites More sharing options...
gxseries Posted June 3, 2007 Report Share Posted June 3, 2007 Er - I don't remember this coin being THIS expensive http://cgi.ebay.com/ws/eBayISAPI.dll?ViewI...em=260121823997 Link to comment Share on other sites More sharing options...
kisenish Posted June 3, 2007 Report Share Posted June 3, 2007 However, one thing that is very different is the fact that for many years (i.e. during the Soviet period), Russian coins were almost unique in that they were the only coins of a major world power for which there were virtually no buyers from the home country. The buyers for the coins were virtually all people who lived outside Russia. This meant that prices for good Imperial Russian coins were artificially held down for nearly a century in a country which traditionally has had a very strong interest in numismatics. So prices have exploded upward as Russians became able to buy outside the former USSR, which is hardly surprising. This is exactly the point! For a long time, Russian imperial coins were underpriced for this reason. Imagine, how much would American coins cost somewhere in Cote-d-Ivoire, if there are no Americans there? Now, after the borders got open, the market is reaching an equilibrium. Of course, prices would go down if the borders get closed again, but this is not going to happen. Russia has a huge economic potential, there are many numismatists which are allowed to buy the coins all over the world, that's why, in a long-time perspective, there will be no crash on the Russian coins market. Now the prices will go up, then the market will reach an equilibrium, then there will be small ups and downs in a short-time perspective and a steady price increasing in a long-time perspective. Don't expect to buy the coins cheap again, you won't be able to lock all the Russians away Link to comment Share on other sites More sharing options...
WCO Posted June 3, 2007 Author Report Share Posted June 3, 2007 Er - I don't remember this coin being THIS expensive http://cgi.ebay.com/ws/eBayISAPI.dll?ViewI...em=260121823997 That's amazing price. WCO Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.