What coins are magnetic?

What coins can you sell to the bank for money?

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Many Russians, who are already tired of “tons” of small change in vases, on shelves, in pockets and wallets, can use it completely rationally, but for this it is necessary to find out what coins are currently accepted at banks for money.

Collectible antique coins: can they be sold?

Collecting ancient coins that have survived from Soviet times or owning unique specimens that were once used in everyday life in different countries is considered a rather interesting and educational hobby.

However, such a hobby can also bring material interest to its owner if you use your collectibles as a valuable asset. Many auctions and other significant events have the opportunity to put up valuable coins for sale, in addition, you can sell your masterpieces and buy new, more interesting ones in return.

There are more than 25 billion coins of various denominations in circulation in Russia. Some Russians also have old rare versions from the times of the USSR and the RSFSR, as well as the period of Imperial Russia, the medieval or ancient period.

What rare and valuable coins exist in Russia?

You are probably interested in: what coins of modern Russia can now be sold profitably, for which collectors are willing to pay a lot of money? As a rule, these are rare specimens, sometimes even defective.

A lot depends on the safety of the specimen, its material of manufacture, denomination, and also the mint. You need to carefully examine every coin that ends up in your wallet, because sometimes there may be a real treasure there.

For information about which of them are especially valued now, read on this page or in the table below:

There are several ways to exchange them for real money

1. Banks accept all modern coins of any denomination, for example, when a client replenishes an account. Anniversary copies are also accepted. To exchange for banknotes, you must submit a corresponding application to the bank.
2. Sometimes banks buy coins as part of promotions, which can be found on their official websites or in branches.

   For example, Sberbank periodically buys rare valuables, including Russian commemorative or investment ones, as well as those made of precious metals with inserts of precious stones from foreign mints.

   Read more on this page

3. If you previously purchased investment coins made of precious metal from Sberbank or another banking company, then you can sell it back to the same bank! To do this, you need to take a coin, your passport and, if you have preserved the document on the sale of your “investment”.

   In this case, the price that the bank will give will depend on the material, sample and safety of the copy you brought.

Typically, financial institutions charge a lower price than what can be found on the numismatic market. The copy sold to the bank must be in perfect condition in the original packaging.

Let us repeat once again: only investment coins made of precious metals can be sold to a bank for money. Everything else can be taken to a pawnshop, to the market, or look for online auctions and numismatist sites.

Where can I sell Soviet coins?

USSR coins can be sold by going to an antique shop or pawnshop; banks do not accept them! The amount of money you can make depends on how rare they are. Unique coins in excellent condition can be sold quite profitably.

Before going to an antique store, it is advisable to familiarize yourself with various catalogs on the Internet, where you can find descriptions and approximate costs. Studying such information will be necessary in order to assess how objective the amount offered by the store is.

The bank does not accept old coins from the USSR period, including those made of precious metals or foreign ones, so you should expect special promotions in 2019 to exchange them for a certain amount.

If you want to find out where it’s better to invest your money to make money this year, then follow this link. If you are interested in deposits, then you can check out the best offers from banks here.

Source: https://kreditorpro.ru/kakie-monety-prinimayut-v-banke-za-dengi/

Characteristics, types and features of non-magnetic coins

When valuing coins in numismatics, one often takes into account what kind of coin it is, magnetic or not. The alloy from which they are minted may have different components that allow it to be better or worse attracted to a magnet. The cost of different copies can sometimes differ significantly. Therefore, it is very important to understand what magnetic and non-magnetic coins are.

10 kopecks

Main differences

Whether a coin is attracted to a magnet depends on what it is made of. Magnetic coins are minted from a clad steel alloy. Those that are not magnetic most often have brass or copper as their base. As a rule, magnetic coins are more expensive, although it all depends on the specific specimen.

There are signs that, besides the magnet, help distinguish between the two types. During use, the magnetic coin has a smooth edge and wears off over time and begins to look like graphite. The edge of a non-magnetic coin is flat and often decorated with corrugation. A coin made of clad steel has a rounded transition from the edge to the edge, unlike a coin made of brass, where this transition occurs at a right angle.

Any numismatist should know how to distinguish such coins. If this causes difficulty, of course, you can use a regular magnet. For most coins there is no significant difference in cost, but there are certain specimens for which this parameter plays a primary role.

20 rubles produced in 1993

The determining factor in this case is the rarity of the coin itself. The most expensive specimens, differing from similar ones in magnetic characteristics, are:

• A coin with a face value of 10 rubles, minted in 1992 at the Moscow Mint. This year’s magnetic coin has a very high cost, about 25 thousand rubles, while the non-magnetic coin is worth nothing.
• In 1993, a 10-ruble coin was again issued, the magnetic properties of which affect its value. It was minted at both the Moscow and Leningrad mints and, accordingly, may have the mark MMD or LMD. In this case, a non-magnetic coin has a high price, but a magnetic one is very common and can be bought for a nominal price.
• In 1993, a 20-ruble coin was also minted, which was also made at both mints and is valuable only in a magnetic copy.
• In 2007, a mistake was made, thanks to which the coins of 10 and 50 kopecks of this year of issue became very valuable, but it was the non-magnetic copies.

Coins of the Russian Empire

At that time, coins were made of copper, and as you know, copper is not magnetic. However, not so long ago copper coins were found that still have magnetic properties. Most likely, such copper simply contains a huge amount of impurities. About forty such coins have been discovered in Russia and Ukraine, and their number continues to grow. The prices, of course, are also quite high. Such coins have some regularities:

• their authenticity is 100% established;
• almost all were made in Yekaterinburg, with the exception of two;
• the year of minting of coins varies, from 1753 to 1844;
• most of it is black;
• different specimens are attracted to the magnet in different ways;
• only some of them have been found in collections.

All copper coins that have magnetic properties have a number of distinctive features. They may have porosity, inclusions, and their weight varies. Particularly valuable is the single-sided 2-kopeck coin, minted with a proof die for minting in Warsaw in 1848. It does not have an imprint on the reverse; its value is determined by auction.

Coins in the USSR

Some of the specimens from this time react to the magnet. No research has yet been conducted, but magnetic coins have been found in a variety of years and denominations.

Recently, numismatists are often faced with the need to check their coins for magnetization. As the experience of people who have tested a sufficient number of coins shows, silver-colored coins do not have magnetic properties at all.

The 3 and 5 kopeck coins made of copper showed mixed results.

Most of the specimens turned out to be non-magnetic, but some especially rare ones still showed magnetic properties. Coins that are apparently made using ferromagnets are 5 kopecks from 1991 and 3 kopecks from 61.62, 82, 90 and 91. It is assumed that during the manufacture of the blanks, iron somehow got into the alloy.

10 rubles issued in 1992

Coins after 1991

Changes in the structure of the state led to the destruction of a huge number of coin issues. The cost of such copies has become noticeably higher. Materials also skyrocketed in price, so in 1993 steel began to be used instead of an alloy of nickel and copper.

As a result, the bulk of the coins are magnetic, but remnants of alloys from previous years were also used. And in order to ensure that the coins did not differ in appearance, all steel coins were coated with a nickel-copper alloy by sputtering.

This is where the rare 10-ruble coin of these years appeared.

As with coins with other rare properties, their difference from the main lot is most often the result of an error. But such an error can, as can be seen, lead to significant changes in value. Therefore, it is important to carefully review your collection; perhaps it contains a rare exhibit. It is also worth checking other coins for the presence of magnetic properties, in case enthusiasts missed something.

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Source: https://DedPodaril.com/numizmatika/nemagnitnye-monety-chto-eto.html

Investing in coins - where is storage carried out and how to check an investment coin

» Investments » Investments in coins - where is storage carried out and how to check an investment coin

Beginning investors are often faced with the question of which coins to buy for investment, and what are they? At the moment, this investment option is on the list of the most financially relevant ways to earn money. Read more about its benefits and risks below.

What it is?

According to statistics, the total amount of real money is constantly decreasing. Despite the periodic printing of the new currency, it is gradually being withdrawn from circulation, giving primacy to non-cash investments and cryptocurrency.

The described situation is actively developing with the assistance of international banks and private companies. Storing investment coins is another way to turn cash investments into virtual ones.

This option is becoming increasingly popular among investors as it provides virtually guaranteed profits.

Bullion coins are physical assets made of high-grade precious metal in a limited edition. Gold and silver are used for production, less often platinum. The production is staged and controlled by the central state bank. Unlike commemorative coins, their issue is not timed to coincide with a specific event, and minting is carried out according to a simplified scheme.

They must indicate:

• type of metal;
• denomination;
• weight;
• try.

The sale of such assets is carried out by the bank that produces them.

Investing in coins is a profitable decision, since their real and nominal prices are very different. For example, the present cost is 50 rubles , and the investment size is 25,000 rubles .

Similar information is available on official websites created for online banking. Thus, it is the bank that sets the value of the assets it issues when issuing.

To invest in coins, it is enough to make an investment and obtain the accompanying documents. To do this, you will need to confirm your identity. Upon completion of the procedure, the client deposits the investment in the bank account in the form of a certain amount, and he is given a coin.

In banking institutions there are special stands on which investment coins are depicted and the price is indicated

Advantages

Since a high “soft” sample is used in production, the final product is not protected from physical impact. To prevent damage, when issued to the client, it is placed in a special protective capsule. Professional opinions on investing in gold and silver coins vary. On the one hand, the described method of investing is profitable.

It has a set of advantages:

• constant increase in the size of existing investments;
• the price is tied to the precious metals used for the issue;
• There is no taxation when investing;
• a small edition ensures rarity and value.

This investment method will bring significant profits over a long period of time.

But this investment option also has disadvantages.

Flaws

If you need quick money, the described method will not be suitable for this purpose. Investing in coins is relevant in the long term, since the value increases slowly and gradually. Significant profits from investments will appear no earlier than in 2-3 years. For high returns you will have to wait 7-10 years. This solution has other disadvantages.

For example:

• in case of damage, the price is reduced;
• the owner is personally responsible for the safety of his investments;
• there is a high risk of encountering a fraudster when purchasing from a place other than a bank.

The last disadvantage is the reason that affects the difficulty of selling existing assets. Investing in coins is easy, but finding a buyer is difficult, since they are usually purchased by true connoisseurs and collectors.

In addition, many banking institutions prefer not to accept back products that have already been sold. In most cases, banks are still ready to buy the client’s property, but at the real price of the precious metal from which it is made, not taking into account its rarity.

In this case, even after a few years, the return on investment will be lower than the cost of purchase.

Material selection

To answer the question of which coins are best to invest in, you should consider the list of metals used for making

As noted above, three materials are used for production:

• gold;
• silver;
• platinum.

The last metal on the list has the highest value, but this does not mean it is always worth purchasing. If you are pursuing investment goals, gold is the best choice as it has the least price volatility among the given options.

When buying commemorative and collectible coins made of precious metals, the cost of which is 80% independent of the material of manufacture, it is better to choose silver. This precious metal is cheaper, which will allow you to save on complex investments when purchasing an entire collection.

Before investing, you should decide which type you are going to purchase.

Price

Factors influencing cost include:

1. Quality . If it is preserved in good quality and has no damage, its condition is considered excellent, so you can count on the highest possible price. If scratches, chips and other defects are detected, it is reduced.
2. Circulation . This is the main factor on which the price of investment coins made of precious metals depends. The higher the circulation, the lower the demand. If it is not rare, then it is poorly valued. Rarity is the main feature that attracts numismatists who want to get it into their collection.
3. Metal . Regardless of the circulation, such investments are always tied to the rate of the precious metal from which it is made. Even if this asset loses value for some reason, it can always be sold as an ordinary valuable material.
4. Time . The more time has passed since production, the higher the cost. Despite short-term drops in the exchange rate, the price of the precious metal will increase significantly in 5-10 years, automatically increasing demand. The described feature is the reason why investing in coins made of precious metals is a profitable decision.

Pay attention to factors affecting cost

Where can I buy?

Buying from a bank is the easiest, fastest and safest investment option. After purchase, the client is additionally given a certificate and an agreement in special packaging, guaranteeing the authenticity of the product. If you have these securities, it is easier to resell the asset.

Purchasing secondhand, through private advertisements, is a risky and dangerous option. Only a professional can distinguish the external similarity between a fake and an original. The bank won't accept it. The described method of investment poses a risk, even if the seller has documents confirming the authenticity of the goods.

Therefore, the answer to the question of where to buy investment coins is obvious. In Russia, the most reliable and profitable bank suitable for the described purposes is Sberbank. It provides the opportunity to buy and sell, but with a difference in price. It should be borne in mind that in banking institutions the cost of repurchase of this asset differs, so it is recommended to review all options before selling.

Sberbank is one of the safest banks where you can make a purchase

How to sell?

The safest way to sell is to contact a bank. A preliminary inspection is carried out by a specialist who knows how to check a bullion coin. He makes sure that the product is genuine, checks the contents and integrity of the packaging. After confirmation of the sale, the bank collects the necessary documents and imposes a tax of 13% . VAT is introduced because when it comes into the possession of the client, it is recognized as personal property.

Banking institutions accept valuable property of this kind only if the client has a passport

Adviсe

To get the best return on investment:

• Realistically assess your own financial capabilities when choosing;
• focus on weight from 4 grams , since they have the most optimal price-to-metal ratio;
• monitor exchange rate changes on the domestic and global markets;
• study related topics (numismatics, auctions) to increase the profitability of investment coins in the future;
• increase your own education in everything related to investments.

Modern commemorative coins of the Russian Federation are the most popular type of investment coins

Is it worth investing?

When investing in coins, you should take into account the amount of VAT. If there are documents issued at the time of purchase, the tax amount is calculated based on the initial rate and the current one.

If such papers are not available, a tax deduction is made from the full sale amount, and an additional 250,000 rubles are charged . However, the profit will cover these costs, but only in the long term.

Therefore, if the question arises whether it is worth investing in investment coins, decide how quickly you need to receive income.

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Source: https://ebius.biz/investicii-v-monety/

Coins that can be sold to Sberbank

Not many people today wonder about what is in their piggy banks or wallets. Not all the money that is in our pockets represents exactly the value for which it was issued. Many coins sell for much more than their normal price, but not everyone knows about it.

Today we will tell you more precisely about the different coins and their values ​​and what coins Sberbank accepts. And, of course, we will answer one of the most important questions: where to sell them or who is buying them? Apart from black markets and private collectors, Sberbank is engaged in purchasing.

One of the disadvantages of purchasing by Sberbank is that the purchase occurs in a limited period of time, which does not have an exact schedule; it can be weeks or months.

Prices offered by Sberbank rarely exceed 5,000 rubles. But this is also a considerable amount for money with a nominal value of, for example, 5 kopecks.

It is difficult to say more precisely about the purchase of coins by Sberbank of Russia today, since there is no public information about these “shares”, and for details you will have to contact the central branch of the bank.

Today there is no exact list of which coins Sberbank buys, since the cost and rarity of this money changes every day. We offer you an approximate list.

The difference and value of the 5 kopeck coin

1. 5 kopecks 2002 - white, steel (attracted by a magnet), size 18.5 mm, weight 3 g, on the disc there is a protruding edging, with the image of St. Gregory the Victorious on a horse, the mark of the Moscow Mint (MMD). Buys by Sberbank of Russia for 5 rubles. In addition to the MMD, a batch was issued by the St. Petersburg Mint (SPMD).

   The differences from the Moscow product are that there is no edging on the letter O and on the bottom sheet, and the rider’s cloak has transverse folds. These coins are a little more expensive.

2. 5 kopecks 2003 - has a silver color, but otherwise does not differ from its 2002 counterparts. You can return such a coin at Sberbank for 3 rubles.

   SPMD money with the above differences can be sold for 5 rubles if they are in good condition.

Ruble coins and their differences

1. 1 ruble 2001 - silver, with a copper-nickel alloy (brass), in the crossbar 27 mm, weight 7.5 g, with an engraving of a double-headed eagle and protruding edging along the edges. MMD sign. You can sell this coin in good condition at a bank branch for 30,000 rubles. This ruble is very rare, its value is one of the highest today.

   This coin was not officially issued and for this reason its value is much higher than other denominations that were issued over the years. Also this year, anniversary rubles were issued. The anniversary ruble, dedicated to the 10th anniversary of the CIS, is silver in color, made of brass, issued by SPMD, weighing 3.5 g and measuring 20.5 mm. The bank can buy it from 10 to 50 rubles.

2. Ruble 2001

   The Red Book series has 3 types of drawings: West Siberian beaver, Sakhalin sturgeon, Altai mountain sheep. Made of silver and white in color. The bank accepts at prices from 900 to 2000 rubles.

3. The ruble, issued in 1997, is yellow, with a nickel alloy, diameter 27 mm, weight 7.4 g, with a wide MMD edge, costs 2 rubles. for normal condition. In the same year, rarer MMD coins with a wider edge were also released.

   The width of the edge can be determined by comparing coins of the same year. The bank accepts such coins for 5,000 rubles.

4. The 1998 ruble with a wide border is no different from its 1997 counterpart. This copy is accepted from 1600 to 2000 rubles.

Cost of coins 2 and 5 rubles in a bank

1. 2 rubles 2003 - white, made of steel (magnetic), with a diameter of 23 mm and a weight of 5.1 grams, with the image of a double-headed eagle. You can sell it for up to 10,000 rubles. Price depends on condition.
2. 5 rubles 2003 - white, made of steel, diameter 20.5 mm, weight 3.25 grams, with a protruding edging and an image of a double-headed eagle.

   Buys the bank for 6,000 rubles. in good condition.

3. 5 rubles 1999 is a very rare coin, since in 2000 the MMD wanted to abandon the minting of 5-ruble coins and in 1999 a limited edition was issued. The coin is no different from its 2003 counterparts, the only difference being the year of issue. You can rent it out for RUB 100,000.

   in good condition.

Methods for obtaining and selling them

You can purchase such coins in various ways: find it in a piggy bank, get change for travel, or find it on the street. The main thing is to remember which of them are valuable and which can be sold at Sberbank .

One of the most important criteria for purchasing collectibles is their appearance: the better the product looks, the more expensive it is valued. If your money is not accepted at the bank, try contacting special numismatist communities. Some rare items sell for higher prices to private collectors.

The main thing is to be more attentive to details and not accidentally give away your jackpot for trolleybus travel. When contacting a bank branch, you should find out the prices in advance.

Today, coins produced in the USSR are also quite rare and have a high price for purchasing. Good luck with your finds and maximum profits.

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Source: https://oserebre.ru/investicii-v-serebro/monety/kakie-prinimaet-sberbank.html

Price 10 rubles 1992 (Magnetic and Non-Magnetic Coins LMD, MMD)

Starting in 1992, all 10 ruble coins of 1992 began to be issued in an alloy of copper and nickel. Among the 10 ruble coins of 1992, you can find several varieties, some of which are very expensive. We will also look at the bimetallic (magnetic) variety and those coin defects that were noticed among the money of this denomination.

Detailed description and characteristics of the coin

Ten-ruble coins were issued by the mints of present-day St. Petersburg and Moscow in fairly large quantities from an alloy of copper and nickel, which does not have magnetic properties. The diameter of the coin disc is 2.1 cm, with an edge thickness of 1.45 mm, such money weighs 3.70 grams. The edge of the coin is corrugated.

Obverse

On the front side, almost the entire area of ​​the coin disc is occupied by a relief and detailed image of the emblem of the Central Bank, namely a double-headed eagle with outstretched wings. From one wing of the bird to the other, in the lower part of the obverse, there is an inscription in a semicircle indicating the issuing financial institution: “BANK OF RUSSIA”.

Reverse

A fairly simple and concise design of the reverse side of ten rubles from 1992 includes the following attributes:

1. The denomination minted in large font is “10”,
2. Below it is the word “RUBLE”,
3. At the very bottom of the reverse is the year of manufacture – “1992”,
4. The year of minting and the word “RUBLE” are separated by two horizontal lines, between which is the mark of the mint - Moscow or Leningrad,
5. On the right, the reverse is decorated with an oak branch, and on the left with a spikelet, which run along the very edge.

Varieties of 10 rubles 1992 and their cost

Among the coins minted at the Leningrad Mint, 4 varieties can be distinguished, due to differences in the minting of the obverse. Thus, in coins with the obverse of the first type, three feathers adjacent to each other on the wings and one feather on the chest of a double-headed eagle do not have depressed notches, and moreover, the distance between the feathers is quite wide. Ten-ruble coins with a second type obverse are distinguished by the fact that all feathers have narrow depressed notches.

In addition, each type of obverse can be distinguished by a larger or smaller image of the Central Bank symbol (double-headed eagle), so as a result we have 4 varieties of ten-ruble notes minted by LMD.

It is interesting that ten-ruble coins minted in the capital, although they do not have varieties, differ significantly from those issued by LMD:

1. The eagles on coins minted in Moscow have thin and curved tongues, while those issued by LMDs have straight and thick tongues,
2. The plumage of the bird on the MMD coins appears to be ruffled, while that of the “Leningrad” eagles is smooth,
3. Double-headed eagles on MMD minted coins do not have claws on two fingers,
4. The already mentioned notches on bird feathers on coins minted in the capital are convex.

Source: https://LifeCoins.ru/10-rublej-1992-goda.html