2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
As soon as commodity-money relations appeared, tools for their implementation also arose. The minting of banknotes concerns the history of any country, the USSR was no exception. Soviet coins and their value, nominal or collectible, personify the material side of the development of the Soviet Union, strengthening its position and image in the world and domestic financial markets as the first state of workers and peasants. Banknotes of those times occupy a certain niche in numismatics. The very history of Soviet coinage goes back exactly 70 years. It is connected by inseparable ties with the economic and political life of the country, and its signs are original documents that record one or another period of development of the state of the USSR.
At the initial stage of the country's development, there was a period of non-coin money circulation. After the Civil War and the restoration of the St. Petersburg Mint, the Soviet government began minting banknotes. This is how the first Soviet coins appeared, and their cost was 50 kopecks and 1 ruble. In 1923, there was a fact of issuing gold chervonets for international trade,which significantly raised the prestige of the young state in the eyes of Western businessmen. This is how the history of Soviet coinage began.
In 1924, after the proclamation of the Union of Soviet Socialist Republics, the coat of arms of the Russian Federation, depicted on the ruble denomination, replaced the all-Union sign of the state. Further issuance of rubles in its original form was discontinued in the same year. The coinage of the young state did not experience many monetary reforms, mostly repeating the principles and traditions of the pre-revolutionary period. The changes mainly concerned only the images of state regalia - the coat of arms and the motto. Soviet coins and their value were supposed to play the role of a kind of symbol and demonstrate to the population that the new power had come firmly and for a long time.
But the Soviet state collapsed a long time ago, and a large number of coins of the Soviet period are stored not only in old piggy banks or collections of numismatists. Many of them, lost since those times, are in the ground. Even without special equipment, you can accidentally stumble upon one or another instance. Why do expensive Soviet coins exist?
Numismatics is a delicate thing, its evaluation of this or that instance is unpredictable. This applies even to completely new, modern coins. There are copies worth much more than face value, released in the last 10 years. For example, a coin with a face value of 1 ruble issued in 2003, minted by the St. Petersburg Mint, is estimated at 15 thousand rubles. What can be assumed when it is said about Soviet coins and their value?
Some explain this paradox by the presence of allegedly valuable metals in the composition of the material, which cost a lot of money. Numismatists are generally inclined to believe that collections are filled according to the years of issue of one or another denomination. And if it lacks one or two coins, then the gambling soul of the collector is ready to pay a larger amount than the coin is actually worth. As collections fill up, the value of a banknote can both rise and fall. Therefore, if you are going to sell Soviet coins, then keep in mind that demand creates supply. And it is not always possible to get the desired amount for our Soviet monetary rarity.
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