Russian Ruble
October 9th, 2011 | Coin Collecting, paper money, Russian Rubles, world coins
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The Russian ruble collector is likely someone who doesn’t just love coins, but has an interest in Russia’s heritage as a country. One of the problems with purchasing rubles is that counterfeiting has always been a common thing with Russian coins. And not just to produce fake money to use, but rather to simply copy a design for novelty. If you find one of these “authentic forgeries” you’ll probably pay quite a high price, as they’re valuable today. But other counterfeits, like circulated coins, are worth nothing.
The Russian ruble is also represented with paper currency, which saw less counterfeiting than the coins. It wasn’t uncommon for the early rubles of the 15th century to be counterfeited by the people, as they were merely oddly shaped bars of silver and easily reproduced. When coins were minted with designs, forgery became more difficult for common people. But the wealthy often ordered coins reproduced for them to keep as collector items.
One way to spot these collector forgeries in a Russian ruble is to look at the edge. Often there will be markings on the edge that you won’t find on an authentic Russian coin. Because these forgeries weren’t created for the purpose of purchasing goods, but instead to be kept as collector items, they’re usually in excellent condition and are very valuable, though they have no worth as currency.
Another way to detect a forged Russian ruble is to learn a little about the history of Russia and her coinage. With a little bit of reading and research, you can spot which rubles are the most rare and unlikely to be found in large lots where people buy coins, either from collectors or in places like eBay online.
The rarest Russian ruble, for instance, is one that coin collectors might want to own, even though it’s virtually impossible. The silver Constantine is the rarest. Only a few are known to be in existence, and the last genuine Constantine was sold for the largest price ever earned by a single coin in auction.
The value of this coin springs from the fact that the Russian ruble was minted when it was believed that Constantine would take over power after Alexander’s death. But Constantine abdicated the throne, after some coins were already created. For collectors who like the history behind this particular coin and would like it represented in their collection, a reproduction can be found for an affordable price, just to have as a novelty.
A ruble can be a great piece for a coin collector or even someone who collects things representing Russia’s and the Soviet Union’s diverse history. Whether paper rubles or coins, the designs on both show some of the best Russian engraving art created. The ruble isn’t much of an investment for its currency value, as the value is low compared to other world currencies. But as a piece for a coin collector or someone interested in Russia’s history, a Russian ruble can be a valuable part of a collection.
Originally posted 2008-12-25 05:00:25. Republished by Blog Post Promoter
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1 comment so far ↓
Russian coins are definitely beautiful and well valued, I have a couple of them and they are indeed valued
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