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Reputable Coin Shops In Tbilisi, Georgia And Yerevan, Armenia

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New Member

United States
23 Posts
 Posted 07/22/2017  03:51 am Show Profile   Bookmark this topic Add fredgr8 to your friends list Get a Link to this Message Number of Subscribers
Hi all,

I'm traveling in Georgia and Armenia. Is anyone familiar with any reputable coin shops in either Tbilisi or Yerevan? I would prefer that to open air markets.

Thanks!
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 07/22/2017  04:13 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
You need to do a lot of self education research in how to identify fake coins for yourself.

In a foreign country where I have no knowledge of the coin business, I always expect the worse. It has kept me out of a LOT of trouble.

You can find yourself in jail in some countries for buying local coins of significance, and try to take them out of that country. They think you are stealing their national heritage.
Just be very careful.

I know that is the policy of at least two countries: Greece and India, most probably many more as well.
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UltraRant's Avatar
Norway
1358 Posts
 Posted 07/23/2017  09:29 am  Show Profile   Bookmark this reply Add UltraRant to your friends list Get a Link to this Reply
With all respect, but that's a VERY dark take on the world and not doing truth to what's out there. It's not half as bad as you describe it here. For example:

Tunisia has a policy of being a closed currency, which is forbidden to be exported. There are many currency exchange shops at Tunis Carthage airport, but none is willing to do business for the equivalent of less than $100. In practice, no one cares about what you do. The paper is worthless outside the country and the coins aren't spectacular enough to hold any numismatic value.

I have done a fair share of coin shopping in Iraq (Erbil). They also have a strict policy on ancient objects. As I had my new coins separate in a container instead of my wallet, they actually checked them. But, despite being old Iraqi coins, no one stopped me from taking them outside of the country. Apart from that, the coin selling shops (usually antique shops which also traded coins) also had some 'world coin' fakes, but they are very easy to spot. Just listen to the sound of the 'silver' or look at the coin size and blurriness of the obverse and reverse and you know what's happening. Also, the prices don't seem to match. Flowing hair dollars don't cost $10. It's just common sense.

As said, yes, there is a bit of fake on the market, but it's usually very easy to spot. When you see a tourist spot in Carthage surrounded by market stalls selling 'old coins', then you know you're in for a scam. That's just common sense. And when you then see a plastic piece with silver spray on it and the head of Hitler on the obverse being advertised as 'old silver World War II' coin, then you get your suspicions confirmed.

My experience is that by far most 'regular' coin shops around the world are decent. I haven't had much trouble with any of them. Expect a lot of 'local' coinage to be found, sometimes a bit of 'world coins', like US coins, in addition. The good news is that, usually, coins get cheaper as they are further away from home. US coins do cost less abroad than in the US. Use this to your advantage.

Last time I was in the Caucasus region, I did not spot any 'classic' coin shops. And trust me, I know where to find them (see also my thread about coin shopping around the world). You will find a department store called 'Coin', but they don't sell coins. Apart from that, you can try the market in Tbilisi for some coins, but it's market stalls. It can be found in the city center at Mshrali Khidi (Dry Bridge). Apart from that, there's an online shop at the Bank of Georgia: https://www.moneymuseum.nbg.gov.ge

You can actually order coins directly at the Central Bank of Armenia: https://www.cba.am/en/SitePages/ncc...vecoins.aspx
Apart from that, there's nothing I know of which is of numismatic interest in Armenia.
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