Coin Community Family of Web Sites
Like us on Facebook! Subscribe to our Youtube Channel! Check out our Twitter! Check out our Pinterest!
Username:
Password:
Save Password
Forgot your Password?


Welcome Guest! Need help? Got a question? Inherit some coins?
Our coin forum is completely free! Register Now!

1828 Russia 3 Rouble Platinum In NGC Holder

 
To participate in the forum you must log in or register.
Author Previous TopicReplies: 5 / Views: 419Next Topic  
Pillar of the Community
United States
5290 Posts
 Posted 01/28/2020  11:57 am Show Profile   Bookmark this topic Add Jaobler to your friends list Get a Link to this Message
I've wanted an example of the 19th-century Russia platinum coins for many years. What do you think of this piece? I'd appreciate any comments on grade and quality.


Pillar of the Community
Learn More...
United States
7548 Posts
 Posted 01/28/2020  11:59 am  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Beautiful. Not so sure how to grade this, but I'd say a sheldon scale PF62/3.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
Bedrock of the Community
Learn More...
United States
51271 Posts
 Posted 01/28/2020  12:02 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I'd agree with that. Striking design for sure.
Bedrock of the Community
Australia
17429 Posts
 Posted 01/28/2020  5:13 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
with GrapeCollects.
World's only Pt that circulated.
That is why
I have been looking or one of these for decades, myself.
Failed so far.

I have some Pt bullion, but it's not the same thing.
For me, bullion is bullion, coins are coins.
Pillar of the Community
Learn More...
United States
3859 Posts
 Posted 01/30/2020  07:59 am  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
Beautiful coin (I cheated, so I won't comment on grade).

I don't know the history of these issues; why were they made in this metal?
Pillar of the Community
United States
5290 Posts
 Posted 01/30/2020  7:53 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply

Quote:
why were they made in this metal?

There's good information on CCF and the Internet but I'll take a whack at this question.

Platinum was regarded as something of a nuisance in the early 1800s. Because of its high melting point it could not be melted and cast into ingots with the technology of the time. Various chemists in England, Spain, and France were able to process raw platinum into fairly pure fine powder ("sponge") and consolidate it by compressing and heating. It was perceived as having some value because it was rare, heavy, brilliant, and would not tarnish. The process was inconsistent but in Spain especially the metal was worked to form utensils, buttons, and decorative items.

In the 1820s deposits of platinum were found in the Ural Mountains. Czar Nicholas I decided Russia should try to profit from this discovery so he authorized the creation of platinum coinage. Russian scientists came up with a powder metallurgy process to make malleable platinum which was rolled into strip and punched to form planchets. The coins were made in denominations of 3, 6, and 12 roubles. Based on the relative weights of platinum and gold rouble coins it looks like platinum was valued at about 40% of the price of gold. These platinum rouble coins were made from 1828 through 1845. Production costs were very high compared to costs for making gold and silver coins and there were some concerns about the "destabilizing" effect of platinum coins circulating in an economy largely based on gold, silver, and bronze coinage. The Russian government ordered the platinum coins recalled and many were subsequently destroyed. That's one reason these coins are scarce and very expensive today.

Long answer but it was fun to research!

By the way, this 3-rouble piece is graded NGC MS-63 Prooflike.
  Previous TopicReplies: 5 / Views: 419Next Topic  
 
To participate in the forum you must log in or register.



Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2020 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2020 Coin Community Forums
It took 0.39 seconds to rattle this change. Powered By: Snitz Forums 2000 Version 3.4.05