September 19th, 2009 — Coin Collecting, Russian Rubles, paper money, 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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September 13th, 2009 — Canadian Paper Money, Coin Collecting, paper money
Canadian paper money has an interesting history. If many of us were handed an example of the first Canadian paper currency, we wouldn’t recognize its significance. That’s because the first bills issued in Canada weren’t printed bills at all because paper was an expensive and somewhat scarce commodity. In 1685, Jacques de Meulles,the intendant of the French colony in North America, needed money to pay troops. He gathered playing cards, signed them, put his seal on them, and distributed them. He made this card money legal tender and required merchants to accept them. The rarity of these cards today make them highly valuable, so they’re generally only found in museums.
Canadian paper money issued in the 1800s is unique in that different bills were issued by different provinces. The Island of Saint John (later known as Prince Edward Island), Nova Scotia, British Columbia, Newfoundland, Canada and Alberta issued separate bills. All of these monies are rarely available to collectors, including British Army Bills that were issued between 1813 and 1818 as a an emergency because of The War of 1812. They’re all highly valuable and extremely rare, though occasionally Newfoundland bills and some Alberta bills from 1936 become available. Municipal notes, like those issued beginning in 1821 in Saint John, New Brunswick, are also very rare and hard to find.
Bank notes are the most readily available collectible Canadian paper money, though certain specimens are still very difficult to find. But bank issues are the best place for beginning collectors to start, and the best way to enhance an existing collection. Proof and specimen notes do show up in auctions occasionally, but they’re very rare and command high prices. Notes with the lowest serial numbers were usually kept as souvenirs by banking insiders, making them rare and valuable today.
Notes issued during 1837 and 1838 were often distributed by merchants who were sympathetic to the Patriots, because there was a limited amount of coins in circulation. These are great for Canadian paper money collectors, especially those interested in Canada’s history. They’re readily found in online auctions in varying conditions, and while some specific examples might be rare, even these usually spring up and become available at less cost than other rare types of notes.
While they never had monetary value and weren’t technically Canadian paper money, notes issued by business colleges in the late 19th century and early 20th century were used during training. And merchant advertising notes that also had no value, but are also an interesting part of Canadian history, are highly collectible today.
Old Canadian paper money can rarely be found in anything better than fine condition, with most of the older and more scarce bills usually in much worse shape. When looking at money to purchase, certainly the condition is important, but since so much of the older currency is in less than fine condition, a collector shouldn’t pass up the opportunity to purchase even a worn but older and possibly hard to find bill.
Originally posted 2008-10-12 14:00:05. Republished by Blog Post Promoter
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August 26th, 2009 — Coin Collecting, numismatics
Since ancient days, coins have been utilized as a primary method and medium for exchange. The entire economy concept stands on the foundation that is provided by coins and paper currency, though the history of coins is much deeper than paper versions of money. In most languages, the term currency and coin are often considered to be synonymous. The history of currency and coins throughout the ages has made for some truly interesting reading. The concept of numismatics is all about studying coins and collecting them. Many people that are into numismatics consider coin collecting to be collecting pieces of history.
There is a lot of debate within the study of numismatics as to when the world’s first coins were created. Some people believe that the Chinese, the Indians or the people of Lydia may have been responsible for first using coins as an exchange medium, though this is also largely debated. Lydian coins are often found to contain symbols of unique individuals rather than any form of an official seal, and therefore these coins are often perceived to be personal tokens rather than a medium for exchange among the civilization.
Historical evidence also seems to indicate that the individuals responsible for handing out these coins often hammered them into their own unique shapes. This means that there likely was not a structured economy during the period where these Lydian “coins” were crafted. In China and India, however, the symbols present on the coins were much more uniform in general, indicating that there was likely a strong and structured economical background. These coins can be viewed by the general population in Chinese and Indian museums, which is very beneficial for the study of numismatics and for collectors that want to see how coins have evolved over time and across the globe.
One of the popular subjects of study among numismatics is the materials that coins are crafted from. Coins are made from a wide variety of different types of metals including steel, iron, bronze, copper and zinc, and they have all been used for various purposes throughout the ages. The coins that were minted in China during the Maurya dynasty were crafted from iron and copper. In years earlier, coins were minted solely from bronze. Those coins are regarded as being the property of the country that they were minted in, and often are protected and considered to be national treasures.
Coins are not always minted for the pure purpose of being mediums of exchange. Bullion coins, for example, are made out of purely precious metals such as palladium, gold and platinum, and this is done to preserve the metal in a specific shape. The coins are never actually minted to be currency at all. There are other coins, such as commemorative coins, that are minted purely to be collector’s items. There are a wide variety of unique coins in the world, and numismatics is all about studying them for their rich history and purpose.
Photo Credits: woody1778a
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