a modern 1-ounce silver bullion coin with a mintage below 25,000
pieces, for about $30 U.S., might seem like an impossible task.
attendees at the World Money Fair in Berlin in late January and early
February had the chance to acquire a coin from Ukraine that fit the bill.
least one dealer, and the National Bank of Ukraine itself, was selling
the 2014 coin for the equivalent of $35 or less.
has offered a bullion program since 2011, beginning the program with
1-ounce and quarter-ounce .9999 fine gold coins and a 1-ounce .9999
fine silver coin.
READ MORE WORLD MONEY FAIR COVERAGE
2012 the program was expanded to include tenth-ounce and half-ounce
.9999 fine gold coins.
was selling examples of the 2014 silver coin for €25 (about $28.20
U.S.) and the National Bank was selling them for €30 (about $33.83 U.S.).
2014 silver bullion coin has a mintage of 24,705 pieces, according to
the National Bank, slightly higher than the 2013 mintage of 24,500 pieces.
auctions of the 2014 silver bullion coin at eBay.com over the past
month have realized between $30 and $40 U.S. per coin. In comparison,
the Perth Mint’s 2014 Year of the Horse 1-ounce silver dollar, which
had a sold-out mintage of 300,000 pieces, trades for about $38 today.
the time of writing on Feb. 13, four major world bullion sellers —
American Precious Metals Exchange, Silvertowne, Modern Coin Mart and
Modern Coin Wholesale — did not offer any of the Ukrainian coins,
indicating how scarcely the pieces are found in the United States.
Coin World did not inquire about gold bullion coins at the
show, but recent prices in Ira & Larry Goldberg Coins &
Collectibles’ Jan. 27 and 28 auction suggest opportunities for buyers
looking for sleepers.
of the Ukrainian gold coins, in any of the sizes, have mintages
greater than 8,000 pieces.
comparison, the Proof 2012-W American Eagle 1-ounce gold $50 coin has
a mintage of 14,782 pieces, while the mintage of the
2012 1-ounce gold 20-hryvnia coin from Ukraine totals 5,900 coins.
current market value for the U.S. coin is about $1,701. An example of
the 2012 1-ounce gold 20-hryvnia coin, graded Mint State 69 by
Numismatic Guaranty Corp,. realized $1,586 in the Goldberg auction,
some 23 percent above the precious metal or "spot" value of
$1,288 at the time of the sale. The auction had a 17.5 percent buyer's fee.
market valued the rarity of one of the gold Ukrainian coins in the
Goldberg auction. The 2011 quarter-ounce 5-hryvnia coin sold in the
Goldberg auction has a mintage of 3,000 pieces, and was graded MS-69
by NGC (tied for the finest grade). The coin realized $517, against a
spot price of $322.
comparison, the Proof 2011-W American Eagle quarter-ounce gold $10
coin, with a mintage of
9,971 pieces, has a retail price of $430 to $440 per Professional Coin
Grading Service price guide.
2012 tenth-ounce gold 2-hryvnia coin graded MS-68 by NGC realized $212
(compared to a spot metal price of $161) in the Goldberg auction.
2013 example of the same coin, graded MS-70 by NGC, realized $294 in
the Goldberg sale.
offered in the Goldberg sale was a quarter-ounce gold 5-hryrvnia coin
from 2013. Graded MS-70 by NGC, it realized $564, compared to a spot
price of $322.
mintage figures for the Ukrainian series are
posted at a special page of the National Bank website.
Ukrainian bullion coins show the Archangel Michael on the reverse,
with text in Ukrainian.
obverse of the Ukrainian coins features the coat of arms of Ukraine
and the emblem of the National Bank of Ukraine.
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