In Belarus, a coin is being purchased for 52 times its designated worth
The 2019 II European Games 50 ruble gold coin, a special commemorative issue from the Central Bank of Russia, has captured the interest of numismatists worldwide. Currently listed for auction online, the coin's price has seen a remarkable surge during the bidding process.
The bidding for this unique coin commenced on July 31, with a starting price of just 30 rubles. Since then, there have been 11 bids, pushing the current price to 2600 rubles. The price increase has been erratic, with steps sometimes reaching up to 10 rubles and other times exceeding 800 rubles, as reported by "Zerkalo".
One of the most significant price jumps occurred in a single bid, where the price rose from 190 rubles to an impressive 999 rubles. This surge in value underscores the coin's rarity and desirability among collectors.
The coin, struck at the Lithuanian Mint, comes with a certificate of authenticity signed by the head of the bank and the director of the Lithuanian Mint. This certificate adds credibility to the coin's authenticity and value.
It's worth noting that a similar coin dedicated to the II European Games is available for sale on the "Belnumizmatyka" website for a higher price of 5803 rubles and 90 kopecks. However, this coin does not come with a certificate of authenticity, unlike the auction lot.
While the current price of the auctioned coin is substantial, it's believed that it has not yet reached its potential limit. The coin's rare nature and the attention it has garnered from numismatists suggest that the bidding could continue to escalate.
For those interested in tracking the record auction prices for this particular commemorative coin, it's recommended to consult specialized numismatic auction platforms such as Heritage Auctions, Stack’s Bowers, or Russian coin auction houses, or check recent completed sales on numismatic marketplaces like CoinArchives.com.
The coin's current location is listed on the ay.by site, making it accessible for interested bidders to participate in the auction. Whether you're a seasoned collector or a novice numismatist, this 2019 II European Games 50 ruble gold coin presents an exciting opportunity to own a piece of history.
The surge in the coin's price demonstrates its high demand within the finance and business sectors, as well as the industry of collectibles. The lack of a certificate of authenticity for a similar coin on Belnumizmatyka website and the potential for further price escalation during the bidding process highlights its rarity and valuable nature, making it an attractive investment for collectors and investors alike.
