Saturday, September 10, 2011

Coin Market of Russia. Brief Review

What you can see?
Russian silver is very popular in the world. And the world has Russian silver not less than Russia has. The Nazis took out all silver coins from occupied territories, and now Belarus, the most part of Ukraine, the Eastern regions of the Russian Federation are numismatic deserts.
Nevertheless Russia remains a numismatic country, and it has not only Russian coins. You can be surprised, but Russia is full of the great variety of coins from around the world, from medieval to contemporary circulating ones.
The main topics of coin of monetary presence in Russia are:

Russian medieval coins (pulo, denga, kopeika of Russian princes and tsars),
Coins of Golden Horde,
Russian coins of the New Times (from Peter the Great),
Soviet coins,
Coins of early independence of the Baltic countries (Estonia, Latvia, Lithuania from 1918 to 1941),
Medieval coins of Pole-Lithuanian Princedom.
Due to cultural and territorial closeness you can also find in Russia the coins of new independent states. Russian sellers have close connection with Poland, Czechia, Germany and many other countries with decent customs regulations, and you can see in Russia many coins from these states.
The coin market of Russia is far from perfection. There are no recognized grading gepanies, auction houses or huge coin shops. Except "Gelos", which makes VIP-auctions from time to time, you should be satisfied with the follow three opportunities for buying:

street bazaars,
small coin shops or little numismatic sections of bookstores,
internet auctions and internet shops.
Street Bazaars
These are real bazaars, not market-places, because:

Russian sellers don't like bargaining,
they like money,
they like to raise prices for foreigners,
their pricing is based on rumors and unchecked information.
Thus you can find the same coin with price difference of two-three times. Besides, bazaar sellers usually don't wash coins for years, and you can't grade them as it should be. The most of such sellers are the former coin collectors, which now sell their treasure for gepensating low pensions. There are some profiteers too. The coin collectors clubs are the same bazaars, but they work only one-two days a week. You will see the same picture in Moscow near Taganskaya underground station, at flea market at Avtovo station in Saint Petersburg, in Olympic Sochi, and so on.
Here you have an opportunity to buy: Russian silver roubles of VF, Soviet silver coins of VF-XF, sometimes good coins of Balkans and even 8 reales.
Be careful: buying Russian copper coins or plates, you never know are these copies or no!
Small Coin Shops or Numismatic Sections
This is the worst part of the Russian numismatology. Each of few in number coin shops is very expensive and poor. They have usually not a numismatically experienced sellers, except the shop at Pushkinskaya Street in Petersburg.
In Moscow, there are few shops faced to travellers: BiblioGlobus, Numismat close to Taganskaya underground station, Bookstore near Rizhskaya station, and... I don't know more!
Here you have an opportunity to buy: Russian silver and copper coins, Baltic coins, thalers, Soviet coins.
Be careful: the section of BiblioGlobus bookstore near Lubyanka offers so high prices! Despite Moscow is the same expensive city in the world, Moscovits think that foreignersare still richer.
Internet Auctions and Shops
You can see the biggest coin auctions in theList.
I didn't take into account auctions with 500 lots or less.
Each of them offers mostly Russian coins, except MOLOTOK (it means "a hammer"). Third column of the table marks how many foreign coins an auction offers relative to the Russian ones.
List of e-auctions
Legend and order: TITLE; Foreign language page (Yes/No); Percent of non-Russian coins; Type of auction (auctions is called "centralized" if they collect lots together and ship lots out from office).

NUMISMA; No; 8-10% of 20 c.; Centralized.
EFIMOK (this means a thaler with Russian countermark); No; 3-5% of 20 c.; Centralized.
HABE; No; 3-5% of 20 c.; Centralized.
WOLMAR; No; 8-10% of 20 c.; Centralized.
RUSSIAN COIN; No; Only Russian; Centralized.

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