Ukrainians have a unique opportunity to profitably sell old coins of certain varieties that are in high demand among collectors. Due to their characteristics, such coins can fetch significant amounts. For example, a 5 kopeck coin from 1992 of variety 1.1AA can sell for between 4,000 and 10,000 hryvnias.
This is reported by Finway
How to Identify Valuable Coins
Experts from the resource Coins-Berries explained that valuable specimens can be distinguished from ordinary ones by several features. In particular, one should pay attention to:
- the middle tooth of the trident, which has a thickening at the top;
- the unit in the date, which has a tail;
- cluster No. 2, which looks like a right triangle;
- the edge, which has a large milling.
“Due to a minting error, a small number of coins received a large milling on the edge. It is these 5 kopecks that numismatists buy at a high price,” the experts explained.
What to Avoid
However, most old Ukrainian coins will not make you rich. Collectors typically value only coins made of precious metals, such as silver or gold, as well as rare specimens. Ordinary circulating coins, due to their abundance and simplicity, hold no value.
“For some reason, people think that if they take a coin, set it aside, and sell it to someone in 100 years, it will be worth a million. This is a mistake. Often, 25 kopecks are sent for appraisal, with a mintage of over 50 million pieces. This is, roughly speaking, one coin per person,” noted numismatist Vitaliy Tkach.
The expert also emphasized that 99.9% of coins are completely ordinary, and to find something truly valuable, collectors have to sift through a vast number of kopecks.