- What affects the value of a coin?
- Currency reform and coins of 1961
- Features of 1961 coins
- Characteristics of some coins of 1961
The true value of any coin does not match the one stated on its surface. At first glance, this is understandable. The price depends on the date of manufacture of the banknote, and how worn it is.
What affects the value of a coin?
There are other parameters that can give the coin a fabulous price.
The price of the coin depends on the following characteristics:
- The larger the circulation of the coin, the lower its price.
- The value of a banknote is determined by how often it was used. Those of the coins that were not present in circulation were called bag coins and have a maximum price.
- There is such a thing as numismatic value. Collectors are ready to pay if this particular coin is missing in the collection.
Numismatics is probably the only area where manufacturing defects are encouraged. Money with defective minting is considered rare, and this attracts collectors.
Currency reform and coins of 1961
The next reform of money after 1947 was carried out in order to give more weight to the money of the USSR.As a result, coins of 1961 appeared. The coin was exchanged for at least three months. At that time, paper money changed in the equivalent of 1:10, that is, for ten old banknotes, only one new one was given. Small coins changed at the rate one to one.
Kopecks with the inscription 1, 2, 3, 5 kopecks had a weight corresponding to their value. The amount of money could be determined by weighing the small coins of 1961. The coin was sometimes used as a mass equivalent.
Features of 1961 coins
During the reform, it was suggested that it is necessary to introduce such a monetary value as half a kopeck. On this occasion, one batch was minted for testing. The cost of the coins turned out to be higher than the cost of its production, so half a penny was never allowed into circulation. Currently, there are about 10 such coins. Their value is from 180 thousand rubles.
Characteristics of some coins of 1961
The most widely used coin is 5 kopecks. The coin is made of bronze and has the corresponding color - yellow. It is distinguished by large dimensions: 25 mm in diameter and 1.5 mm thick. Its design is usual for Soviet coins.
In the year of the reform, many coins were issued and the cost of almost all was low. What items are included in the 1961 coins? A coin that, above all, matches in design. In 1966 and 1970, five kopecks were issued, which are already estimated at 1,000 and 5,000 rubles, respectively. They cost more because they were madesmall batches. Ten kopecks of 1961 were minted often and have no special value.
But among those mentioned there are specimens made erroneously on brass blanks, which were intended for two kopecks. These coins are found in 1988 and 1989, and their price reaches 10 thousand rubles. There are instances of 1991 that are smaller than the prescribed size, and currently their price starts at 1 thousand rubles.
A sharp jump in prices lowered the relevance of the 1961 coin. A coin of this design, starting from 1991, gradually fell into disuse. Currently, they are of interest to numismatists and evoke nostalgia for the older generation who grew up during the Soviet Union.