October 21st, 2011 — Bullion, Coin Collecting, Palladium Coins
Palladium coins are extremely rare and they are one of the most valuable types of money that you can collect. If you have never heard of palladium before, or if you are curious as to what these coins are, there are a few things you should know. First, palladium is a type of metal that was discovered in 1903. It is very light in color, almost a silver/white shade. The man who discovered it, William Hyde Wollaston, named it after the giant Pallas, who according to Greek mythology, was slain by the goddess Athena.
This form of metal is considered to be a subset of the platinum group, making it very rare. Palladium is often used for coinage and bullion due to the fact that it melts very easily and is much easier to work with than other members of the platinum group. Coins made of this metal will resist tarnishing well and make wonderful display pieces since they are not as affected by open air as other metals.
Many countries have minted palladium coins, and strangely enough, Tonga was one of the first to do so. In 1967 they produced a run of these coins and collectors that are seriously involved in precious metals will always try to find at least one of these coins. However, the most collectible palladium coins in the world are the ones that were produced by the Soviet Union. Other countries that produced palladium coins include Canada, France, and Slovakia.
In addition to Russian varieties, there is another extremely rare palladium coin that is difficult to find. The Royal Canadian Mint produced what they called the Big Bear and Little Bear Constellation coins, with a run of only 1200 coins total. This is considered to be one of the smallest runs in the history of recent coin making. There are a total of four different coins in this run, and each one corresponds to a specific season. Collectors that can get their hands on these are considered to be very lucky.
When you’re shopping for palladium coins, there are a few things to remember. First, the dealer should be reputable. If you are dealing with an unknown, there is always a chance for fraud. Always ask for certification, references and do your due diligence before spending money. If a palladium coin is priced well below the current market value for palladium, this is definitely cause for concern. Remember, if it’s too good to be true, it probably is.
In addition to these steps, if you are dealing with a serious investment in a palladium coin, we highly recommend having a third party appraise the piece. This can help you determine the actual value of the coin and the appraiser will be well trained to spot any potential errors that may indicate that the coin is not legitimate. Don’t sink any money into palladium coins unless you are certain that they are authentic. Otherwise, you may find out too late that your investment is worthless.
Photo Credits: pandaamerica.com
Originally posted 2008-09-15 05:00:53. Republished by Blog Post Promoter
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October 9th, 2011 — Coin Collecting, paper money, Russian Rubles, world coins
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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