18.10 Russian Buys 6.6 Lbs Sochi Olympics Gold Coin for $232,000
BLAGOVESHCHENSK, October 18 (RIA Novosti) - A gold coin weighing three kilograms (6.6 lbs) and dedicated to the 2014 Sochi Olympics was purchased by an unnamed buyer in Russias Far East for 7.4 million rubles ($232,200), a spokeswoman for a bank, where the coin was sold, said.
The coin is the heaviest and most expensive in the series of collectible coins to commemorate the Olympic Games in Sochi, the spokeswoman for the Sberbanks branch in the Amur Region said.
The coins price is 7.4 million rubles, the weight of the precious metal is three kilograms, it has a fineness of gold of 999 and a face value of 25,000 rubles ($785), she said.
In 2010, Sberbank and Central Bank of Russia signed an agreement with the 2014 Sochi Olympics Organizing Committee to issue a special series of collectible gold and silver coins.
The agreement stipulated the issue of a total of 21 types of commemorative coins made of silver, 13 of gold and 3 of non-ferrous metal.
