World Coin Wednesday ....

in LeoFinance2 months ago (edited)

Hello everyone....

Today I am going to share with you a coin that I would never typically would’ve bought or even found searching for coins. I came across this coin doing a search on a coin forum for graded Mexican coins.
When I see a coin up for sale that I like and might want to purchase, what I typically do is search the rest of what the buyer is offering as well. In doing that I came across this very coin. After researching this coin, I decided to buy it and here are the reasons why:

  1. I don’t own a coin minted in the Czech Republic.
  2. After checking both NGC & PCGS for population of this coin I found out it was the top grade in population. There are only 2 known coins of this in this grade. Now I own one of the two.
  3. There are only 45,000 BU strikes, and 5,000 proof strikes total. This is directly from the NGC website.
    Note: 6,439 pieces, Unc and Proof, were melted by the Czech National Bank in 1999. That means that the total mintage both BU and proof is under 45,000 coins. All of the ones I’ve seen up for sale are very circulated and in rough shape. The few that were in nice ungraded condition were more expensive then this one.
  4. After checking sales of this exact coin, it was a no brainer purchase. There are sales of non graded ones that have sold for double what I paid for the highest graded specimen in population know so far.

Here are the coin specs:
Country Czechoslovakia
Period Socialist Republic (1960-1990)
Type Non-circulating coin
Year 1972
Value 50 Korun (50 CSK)
Currency Koruna (1953-1992)
Composition Silver (.700)
Weight 13 g
Diameter 31 mm
Thickness 2.20 mm
Shape Round
Demonetized 09-30-2000
References KM# 77
Commemorative issue
50 Years - Death of Josef Václav Myslbek

Obverse
Czechoslovak socialist coat of arms, value

Lettering:
ČESKOSLOVENSKÁ SOCIALISTICKÁ REPUBLIKA
50

Translation: Czechoslovak Socialist Republic

Engraver: Andrej Peter

Reverse
Portrait of Josef Václav Myslbek left, lettering around

Lettering: J.V.MYSLBEK 1922 - 1972

Engraver: Ladislav Pícha

Edge
Smooth with inscription

Lettering: J. V. MYSLBEK * 1922 - 1972 *

Now for the coin....

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Have a great day

Thank you for stopping by.

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You received an upvote of 97% from Precious the Silver Mermaid!

Thank you for contributing more great content to the #SilverGoldStackers tag.

This guy looks like a band member in Force of Four. 😃

Nope the hair is way to short.

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Thats a pretty sweet old commie coin buddy! I can't remember if I have any comm bloc coins? I know I have a bunch of comm bloc guns that are sweet. Good buy buddy!
😎👍

Great find! I think the average Czech couldn't afford to keep these and rather spent them into circulation for living. Could explain why the large majority were circulated in public. Silver is Money even in a Socialist economy.

VERY NICE, bestie!!! I love it. And I am jelly once more. Arrrrgh.... what must I do when stackitis strikes?🥰🌺🤙

Sweet coin man! It's always fun to stumble on something cool like that. #winning

Wish I could stumble on some of the coins I need to finish my Morgan series. The ones i still need are harder to find and cost $$$$.😪