Rare coin "1 ruble" 1997 and its value

2024 Author: Sierra Becker | [email protected]. Last modified: 2024-02-26 03:46

Few people, having looked into their wallet, are able to accurately assess the value of its contents, even counting it. This happens because not all bills and coins have the value, the dignity of which is applied to them. And a small round piece of 50 kopecks may well turn out to be a true rarity and cost hundreds of thousands of rubles. This situation develops through the efforts of numismatists - people who collect money, who can pay a fabulous amount for any rare copy. Although such cases are extremely rare, copies worth hundreds of thousands of rubles do not pop up every day. But finding a coin worth 5-6 thousand rubles is quite realistic. Collectors also buy them quite willingly.

Background

Mankind has been trying since ancient times to find a single equivalent of goods and services, using a variety of objects and materials for this. Having come to the processing of metal, they began to produce exchange currency from it. Gradually, all countries developed their own way of making cash. In every era and with the change of power, the printing of a new type of money began, since they were not only a means of exchange, but also a kind of symbol of power. Some variations of coins anddenominations were issued in huge batches, while others were produced in small trial volumes, so the value for numismatists of such prototypes, which are rarely found in free circulation, is very high. According to such criteria, a modern coin of small denomination may be more expensive than the ruble of tsarist times. One of such Russian rarities is 1 ruble of 1997 with a wide edging.

Who is a numismatist

Quite often, numismatics is confused with numismatic coin collecting, although this is rather an additional historical science that studies the history of coinage in different countries and the processes of monetary circulation.

In everyday life, collectors of minted money are called numismatists, be it any rare specimens, old ones, of historical value, and simply collecting coins according to a principle known only to them. These may be different anniversary issues or dedicated to a memorable event, which may not be of any value to others.

How to distinguish a rare ruble

Determining a valuable copy begins with the establishment of the denomination and year of issue, that is, it really should be 1 ruble in 1997. On the side with the coat of arms under the paw of the eagle, the seal of the mint is clearly visible. The ruble was issued by the Moscow Mint, as evidenced by the MMD badge. Having decided on these criteria, it is necessary to turn the coin face up and take a closer look at the floral ornament in the upper right part - the usual 1 ruble of 1997, of which a large number were issued, has a narrow edging alongedge, not reaching the final curl of the pattern. This is the look of most coins of this denomination.

A rather small batch, which served either as a prototype or as a kind of "marriage", has a distinctive edging, which determined its value for collectors. The rare 1 ruble of 1997 has a wider band bordering the edge of the coin, so the curl of the ornament is hidden under the rim, as a result, it is not completely visible. On a regular, widespread specimen, it lacks a bit of edging.

Valuable 1 ruble 1997. Variety

In addition to coins with a wide edging, sometimes there are specimens with the so-called "step", when the bordering rim is not flat, but with an additional protrusion. You might think that such a ruble will cost even more, but this opinion is erroneous. "Step" is just a kind of "wide edging", so its cost is comparable to its price or even lower. There is no particular excitement around these particular specimens.

How much does a valuable copy cost

As with any other product, the cost is determined by its safety and appearance. Since the coin was issued a long time ago, the copies constantly in circulation have lost their original appearance. This is mainly due to the abrasion of the surface, the loss of clarity of the ornament and the violation of boundaries.

According to some auctions of collectors of rare coins, the value of 1 ruble in 1997 ranges from 2500 (for badsurviving copies) up to 9200 rubles, if the condition is excellent. On average, for more or less good preservation, you can get 3,500–4,000 rubles at an auction.

Coin Grading System

The following abbreviations are generally accepted in determining the state of minted money:

• Unc - not circulating - were not put into circulation, therefore they do not have any wear associated with this; scratches and notches formed during technological processes (counting, transportation, pouring into containers) are allowed; have a bright metallic luster.
• XF - exceptional safety - happens with little used coins; may have minor abrasions while maintaining small relief details.
• VF – very good state of preservation; small details of the drawing are damaged, but still readable, although there are abrasions over the entire area of the coin; no deep damage.
• F – good state of preservation – found in long-circulating money, so the drawing is rather erased, but the inscriptions and the main relief are easy to read; the contours are erased; there may be light scratches.
• VG - very satisfactory degree - the surface is worn significantly, only large details are distinguishable, there may be large notches and scratches.
• G - satisfactory state of preservation - found on coins in which only the main lines of the drawing can be distinguished, with almost unreadable inscriptions and dates.

The 1 ruble coin of 1997, when sold, is evaluated in accordance with this scale, which affects its final value.

Where you can sell a rare copy

The happy owner of a rare copy of the products of the domestic printing house has a reasonable question: what can you get from this, besides moral pleasure. The answer can be found out from the information of different communities of numismatists, where you can approximately evaluate the find. There is a "Catalogue of coins of the USSR" and "Catalogue of modern coins of Russia" in the public domain, according to which you can more accurately determine the price of 1 ruble in 1997.

The easiest way to sell a valuable copy in Moscow. This can be done at the Numismat store on Taganka and at the Taganskaya flea market located nearby. Another way is specialized forums where you can not only communicate, but also put up for sale. To do this, after registration, you need to carefully describe the product - 1 ruble 1997. The photo must be of high quality and prove that the proposed coin is the one with the “wide edge”.

Sale through auctions

Today there are many different numismatic and antique portals. The most famous of them are "Russian Coin", "Numismatist", the auction house "Gelos". These companies regularly hold auctions where you can put up the rarity you have on hand. First of all, you need to describe and photograph the coin in order to send a request by e-mail. If the proposed copy is of interest, the company can buy it directly or put it up for auction. The above firms have real representative offices in Moscow, which makes the transaction more convenient.

In addition, you can find moreseveral sites, including online auctions of rare coins. An example is the St. Petersburg company Konros, the Rare Coins Auction House and others.

Thus, some Russian coins may be of interest to numismatists, therefore they are of particular value.