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 Replies: 8 / Views: 1,387 |
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Pillar of the Community
Russian Federation
1557 Posts |
How much is this coin worth ? How much do such silver coins of Cook, Niue and other exotic places cost in general. Is $123 a normal price for this coin ?  |
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Valued Member
Japan
349 Posts |
It depends on the demand for the coin.
This orchid coin only has a mintage of 908, but most people probably do not even know that it exists.
There is a Red-back spider coin from Tuvalu, dated 2006, that costs over $500.
They made a Russian version in 2011, but the design is different, with "Redback spider" (#1082;#1088;#1072;#1089;#1085;#1086;#1089;#1087;#1080;#1085;#1085;#1099;#1081; #1087;#1072;#1091;#1082;) written in Russian on the coin.
Most people do not want the Russian version, even though the mintage is lower and it only costs about $100.
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Pillar of the Community
Australia
2180 Posts |
Probably the bullion value - I think a lot of Cook Islands commemoratives get sold at a premium but I'm not sure that there is a much of a market for them.
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Pillar of the Community
 Russian Federation
1557 Posts |
I want to buy it as a small investment in silver.
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Pillar of the Community
Australia
1610 Posts |
Quote:
I want to buy it as a small investment in silver.
I would have thought that all these types of coins are flogged by the mints with a premium WAY above melt value so it would take several decades before you would see any return on your investment in 'silver'. As a numismatic investment it might be a different proposition, but highly dependent on how collectable the coin becomes. Good luck. |
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Moderator
 United States
54280 Posts |
This coin would not be a good "investment in silver".
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
 United States
5663 Posts |
 . It's an attractive coin, but at $123, it's valued at more than 5 times melt value. It's unlikely it will ever appreciate much regardless of what happens to silver prices. |
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Pillar of the Community
Russian Federation
1557 Posts |
The seller is ready to bargain. He offered me a price of $89, I think I can lower the price a little more. About 6 years ago I bought a similar coin for $ 44 (2700 rubles), now this coin is being sold at a price of $ 80 (5000 rubles). The price has increased, the price of metal + premium has increased.
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Pillar of the Community
United States
878 Posts |
I've seen dealers sell such colorized coins for high premiums, but rarely they do maintain their value, it seems to me.
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Replies: 8 / Views: 1,387 |
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Posted 05/22/2022 06:48 am
