NGC-certified Russian Rarity Realizes Almost $500,000 in Swiss Auction

Posted on 10/29/2019

The 1701 Russia 2 Ducats soared far above its starting bid.

Vintage Russian coins certified by Numismatic Guaranty Corporation® (NGC®) did extremely well at the SINCONA sale of Russian coins and medals, held October 21, 2019, in Zurich, Switzerland. The top five NGC-certified Russian coins in the sale realized more than $1 million combined.

The most impressive result was a Russia 1701 2 Ducats graded NGC AU Details that realized 480,000 CHF (about $483,000 USD). This coin was among the first round coins struck by machinery in Russia as part of Peter the Great’s bold monetary reform, which helped to finance the Russian army, create a navy and build infrastructure. These efforts ultimately established the Russian Empire as an important player in European and international politics.

This Russia 1701 2 Ducats graded NGC AU Details realized 480,000 CHF (about $483,000 USD).
Click images to enlarge.

"NGC's expert certification gave our bidders great comfort," says Jürg Richter, President of SINCONA. "As a result, many of the NGC-certified coins in our recent sales achieved exceptional prices."

"The 1701 2 Ducats is not only an interesting numismatic artifact, but it is also extremely rare," says NGC Chairman and Grading Finalizer Mark Salzberg. "NGC is honored to have certified this coin and many of the other rarities in SINCONA's October sales."

The following NGC-certified coins also sold for high prices in the Russian Coins and Medals sale:

NGC-certified coins also realized high prices in other SINCONA sales held in October. They included:

All prices realized include buyer’s premium.

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