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Russian Coins Featured in Long Beach
May 28, 2009

Heritage Sale - Russia Highlights

The third session of the Long Beach Expo Heritage World Coin Auction set to close Friday night will feature a long run of Russian coins and medals. There are nearly 250 lots of Russian material set to be sold with several rarities and sacrce dates and types. Some of the Elizabeth coins are pretty high grades for these types.

Though many have been predicting a drop in values for Russian coins this year, that has yet to happen. I would say that prices have solidified some, with demand a bit slacker than it was over the last few years, but no drops yet and certainly no bottoms dropping out of this active segment of the world coin market.

Some of the best items up for sale include: a pair of Alexander I Roubles 1804 and 1809 is MS61 and choice AU respectively, a Peter I Sun Rouble, a scarce overdated 1840 Rouble of Nicholas I with 4/3 and a really lovely cameo gem Pr-65 Novodel 1 1/2 Family Rouble of 1836. There's plenty of gold, silver, some copper and platinum coins, with lots of proof strikes and high enough grades to create interest.

From my perspective the most interesting Russian lot in the sale, however, is a Soviet Chervonetz dated 1923 and struck to proof standards. This R.S.F.S.R. gold Chervonetz grades Proof 63. Proof issues of this first date of the type are very rare and much sought after, so this coin should be surrounded by a good bit of bidding activity.

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About the Author
Tom Michael has been Krause Publications primary market analyst on more than 80 world and United States coin catalogs produced over the last 20 years. He came to KP in 1987 with a bachelor of arts degree in history, a master of arts degree in economics and a history of coin collecting stretching back to the 1960s. He began collecting world coins as a child by asking friends and relatives to bring coins back from overseas trips, visiting flea markets and having his mother watch for foreign coins in her register at the local grocery store. Today he works with a dedicated base of over 200 contributors to provide accurate market values for the five-volume Standard Catalog of World Coins series, as well as many specialty catalogs, including Coins & Currency of the Middle East and the fifth edition of Unusual World Coins.

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