Some coin collectors who weren’t able to purchase the Vilna Gaon 300th birthday commemorative coin issued recently by the Bank of Lithuania are saying the release was a carefully-planned scam for a small group of people to get rich.
Bank of Lithuania officials said they found this reaction strange because anyone who wanted the coin was able to purchase two of them in early sales on the internet. The coin was officially released to the public on October 20, but weren’t available for sale at banks in Vilnius and Kaunas that day. Instead there was a flood of resellers offering the coin at inflated prices. The central Bank of Lithuania sold the coin for 62 euros, while in the initial days of the official release internet speculators offered it for hundreds of euros, and the asking price later climbed.
A week later vendors were asking for up to 990 dollars, or 846 euros, on ebay.com, and one Lithuanian internet commerce site asked for 1,500 euros for one coin. That vendor’s offer was exceptional, but others sold the coin for from 500 to 600 euros.

















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