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Lithuania – Where Coins Are Still King

TMglobe.gifTMupdown.gifLithuanian Coins Always On The Rise

 

lnmav.jpgTight markets with limited supply and broad collector demand always make for good appreciation. One of the best modern examples comes from Lithuania, where the art of matching mintages to collector base has become quite highly refined.

The Bank of Lithuania limits their commemorative new issue program to a reasonable number of types each year and keeps their mintages close enough to satisfy their countries active collectors, while allowing for a healthy upward swing in the secondary market. If you collect Lithuanian coins, you probably know exactly what I mean, once the Bank sells out, you will have to work hard and pay dearly to get an example on the seconary market.

lnmrev.jpgThis 2005 silver proof 50 Litu, KM#144, is a perfect example. I don’t recall the exact issue price, but would guess it to have been around $50. The catalog value rose up to $75, but that may have been conservative guess work too, as the very limited mintage of 1,500 would have meant that this type would not generally have been available at all after the Bank of Lithuania had finished primary sales.

Just this month however, I noted one selling on eBay and watched as bidders drove it up to a closing price of $325. That’s what you get with a ravenous collector base, intelligent coin program decisions, attractive designs and carefully thought out mintage limits.

Other examples of recent rising prices in Lithuania include:

1998 10 Litu, copper-nickel proof, KM#115, former $30 = now $70

1999 10 Litu, copper-nickel proof, KM#116, former $20 = now $75

1995 50 Litu silver proof, KM#98, former $150 = now $200

1997 50 Litu silver proof, KM#105, former $150 = now $350

1999 50 Litu silver proof, KM#119, former $55 = now $200

 

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One Response to Lithuania – Where Coins Are Still King

  1. Koichi Ito says:

    In addition to Lithuania, San Marino, Vatican City, Monaco, and Slovenia did well in price of coin to rise in price. Why only Lithuania get credit for best profitable coins to collect. How about coins issued by San Marino, Vatican City, Monaco, and Slovenia? They too had big rise in value!

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