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Russian Buys 6.6-lb Sochi Olympics Gold Coin for $232,000

October 21, 2013 in Coins, Collecting, Commemorative, Gold, Gold Coins, Numismatica, Numismatics, Precious Metals, Russian Coins, World Coins

BLAGOVESHCHENSK, Russia, October 18 (RIA Novosti) (http://en.ria.ru) – A gold coin weighing three kilograms and dedicated to the 2014 Sochi Olympics was purchased Friday by an unnamed buyer in Russia’s Far East for $232,200, according to a spokeswoman for a bank where the coin was sold.

The coin is the heaviest and most expensive in a series of collectable coins to commemorate the Olympic Games in Sochi, the spokeswoman for the Sberbank branch in the Amur Region said.

It carries a nominal value far beneath its real worth of 25,000 rubles or $785, said the spokeswoman, who did not give her name.

In 2010, Sberbank and Central Bank of Russia signed an agreement with the 2014 Sochi Olympics organizing committee to issue a special series of collectable gold and silver coins.

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