About buying coins
Until recently, buying up coins and their further resale could be quite a successful small business. This is especially true of the 90s, when people, without getting paid for years, carried a lot of coins of the Empire, the USSR, and some sold their collections for a pittance. Today, buying coins is not so profitable. There is one reason – basically there is nothing more to buy, everything has been sold for a long time (drunk). Rarely, when another person finally decides to break his piggy bank and take it up for sale. For this reason, today dealers have to look for coins, where you can buy coins even at market prices, and then sell them a little more expensive through your channels.
One of the big areas in the resale of coins today is the purchase of commemorative coins at a price of 1.5-2 face values and their further resale at market value (this is an average of 5-7 face values). Many modern commemorative and commemorative coins do not even have time to get into circulation, they are often sold to dealers before the box office. For this reason, your 5-10 jubilee coins will be of little interest to anyone, but if you have access to bank jubilee bags, then any purchase will be glad to you. Pay attention – the commemorative coins are almost never come across in the delivery, although in the early 2000s they often came across, you could even collect a complete collection. Now, if you are fond of collecting modern commemorative coins, then almost all the coins you have to buy for a price several times higher than the nominal value.
Buying coins of the USSR is also almost ineffective. All interesting years for collectors have long been bought, only sometimes citizens bring to buy something interesting. Such a fact, if the reseller sees that in the heap of USSR coins you brought for sale there are no interesting ones for him, then the maximum price he can offer is 100 rubles per kilogram, since the chance that a rare variety will fall there is the minimum. It is also worth considering the fact that even selling rare USSR coins, but not in very good condition, is not so easy, if you only reduce the price by 3-4 times the price tag.
There is a stereotype in the minds of our citizens that Sberbank allegedly purchases modern coins from the public. I do not know where this opinion originated from (although, probably, from the time when SKB Bank announced an advertising campaign for the purchase of coins in 2003). So, Sberbank does not buy any coins of Russia, and even more so the USSR. Since then, many are confident that our main bank is buying up modern Russian coins (not everyone is bothering to think about why it should be). The maximum that you can do with a trifle when you come to Sberbank’s branch is to change it for paper money at nominal value .
If you still want to sell your coins, for example, old ones, the USSR or even a modern anniversary, then you just need to open a local newspaper ad. In such newspapers published a lot of ads about buying various antiques. Maybe something dealers and interest. Another way to sell coins that are interesting for collectors is to go to local numismatist clubs. Often there is carried out buying up coins at very good prices. Numismatists clubs are in any large city – Moscow, Ufa, Krasnodar, St. Petersburg, Yekaterinburg and others. You can also learn about these clubs from local newspapers (they write there – what time and where the club is going). If it is difficult to find such information, then ask at any numismatic forum; they will prompt you there.
I will advise you in helping with the evaluation of coins the price tag for coins of the USSR and the price tag for modern coins of Russia.
And further. Not only coins are interested buyers and antique shops. In your bins may well be interesting items for collectors. In a separate article, I made a review called “What antique shops are buying.” Perhaps the information provided in the article will be useful to you.