The following Q&A is excerpted from Clifford Mishler’s Coins: Questions & Answers: Q: Is collecting any type of coin a good investment? A: No! The hobby collector—be it of coins, back-scratchers, or Bavarian beer mugs—is occasionally persuaded to purchase by impulse or sentiment. Indulging frequent lapses into irrationality is part of the fun of maintaining a hobby. But the strictly … [Read More...]
The Central Bank of the Russian Federation have issued a three Ruble coin for the occasion of the centennial anniversary of the foundation of the Russian Olympic Committee.
Although the Empire of Russia were participants in the 1900 summer Olympics held in Paris with only 4 competitors in two sporting events, the national Olympic committee wasn’t organized until 1911. The successor to the Russian Olympic committee was the Olympic committee of the USSR which was founded in 1951 with a national team from the Soviet Union participating for the first time at the Helsinki Games in 1952.
The obverse design depicts a colorized image of the official logo of the ROC which includes a stylized version of the Olympic flame and rings. The inscription along the rim includes “СТОЛЕТИЕ СОЗДАНИЯ РОССИЙСКОГО ОЛИМПИЙСКОГО КОМИТЕТА” (The Centennial Anniversary of the Russian Olympic Committee Foundation).
The reverse design includes a relief image of the Emblem of the Bank of Russia which is the two-headed eagle with wings pointed down. The semi-circular inscription below the emblem “БАНК РОССИИ” (BANK OF RUSSIA) is framed by a circle of beads. The inscriptions along the rim divided by dots indicate the denomination of the coin “ТРИ РУБЛЯ” (Three Rubles) is seen above the emblem and the year of issue “2011” is positioned below. Between the inscriptions is the indication of the metal content and the mintmark of the Saint-Petersburg Mint.
The coin is struck in sterling silver to a proof quality with a weight of 33.9 grams and a diameter of 39 mm. The mintage total is limited to just 2000 pieces.
For more information on this and other coins issued by the Russian Central Bank, please visit their website at: http://www.cbr.ru/eng/bank-notes_coins/Base_of_memorable_coins/coins.asp?cat_num=5111-0223