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Diocletian Coin That Shouldn't Exist?

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Pillar of the Community
United Kingdom
2838 Posts
 Posted 10/27/2012  1:04 pm  Show Profile   Bookmark this reply Add bobbyhelmet to your friends list

Quote:
It's a beauty.


It certainly is

And valuable if it is indeed a genuine unlisted Gold Diocletian.
Edited by bobbyhelmet
10/27/2012 1:06 pm
Bedrock of the Community
Australia
21788 Posts
 Posted 10/29/2012  05:31 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
Caesar:

From the pictures, this coin looks OK, but needs to be verified before purchase. I saw an aureus that was sold at auction as a very good fake, but I could not pick it. I needed the assistance of the auctioneer (who has about 35 years' dealing experience in ancients), to explain it to me. I thought I was starting to build some skill in picking a fake, but the auctioned fake aureus beat me!

You are quite right to have the need to find a match in a catalog, but that does not necessarily mean that the coin should not be doubtful. If you are not completely happy with this coin, at least two other independent opinions would be desirable. The provenance needs tp be established and verified as well.

You say that you already own the piece. Is it possible to ask the person or company who sold or verified the coin to provide a bit more information about it?
New Member
Croatia (Locally: Hrvatska)
18 Posts
 Posted 10/30/2012  6:29 pm  Show Profile   Bookmark this reply Add Caesar to your friends list
It is raw coin, I think that is name for coins that are non graded or verified or valuated. Coin was in house that I buyed with all stuff in house. Owner of house died and his doughter sells complete house with all his stuff. Guess she didn't know about his fathers hoby. In Croatia, nusmaticism was on early stages, and people back then colected just coins, nobody cared for verifying and other paper works. But auction houses I contacted are very interested in puting coin on their auctions. They estimates coin approx. at same value 9000-10000 CHF, but I think it's worth more, so I may keep it in posesion.
On the other hand, I could use some money, so, for right price I would sell it. Think that 20000 would be fair enough.
Other problem with major auction houses is that next auction for ancient coins is sheduled in long time to wait for me. If I wanna sell it, I wanna sell it now, don't wanna send coin now, and wait till July for payment. I would sell them coin directly but as I said, I'm not happy with offer. Although, we are still agotiating about terms.
Bedrock of the Community
Australia
21788 Posts
 Posted 10/30/2012  9:09 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list
Caesar:
You obviously understand that this coin is more likely to attract more buyer interest, and at a higher price, if you verify it. The choice is yours to sell verified or unverified.
However, considering my already stated lack of self confidence with unverified ancient gold coins, my preference as a buyer would be to pay more for a coin that I know was good. The potential value is just too high for me NOT to do due diligence.
That is why I would seek the opinion of someone with extensive specialist professional experience, despite my own judgement that I think that this coin is OK.
New Member
Croatia (Locally: Hrvatska)
18 Posts
 Posted 04/11/2013  10:54 am  Show Profile   Bookmark this reply Add Caesar to your friends list
Just wanted to inform you all, mistery resolved for this coin.
Now on:
"Numismatica Ars Classica | Auction 72 | 16 - 17 May 2013
Online bidding ends: 16 May 2013 09:00 CEST
Lot: 748 | Estimate: 9'000 CHF | Starting price: 7'200 CHF
The Roman Empire
Diocletian, 284 â€" 305
Quinarius, Siscia 286-289, AV 2.68 g. IMP C DIOCLETIANVS AVG Laureate and cuirassed bust l. Rev. IOVI CONSERVATORI Jupiter standing facing, head l., holding thunderbolt and sceptre. C â€". RIC â€" . Lukanc â€". King â€", cf. 3 (silver quinarius, these dies). Apparently unique and unrecorded. A very interesting portrait struck in high relief on a full flan and good extremely fine"

On my opinion, price is very very low (for unique gold diocletian), coin is uncleaned, picture is so bad, and representation is very poor. Was expecting a bit more from NAC.
Pictures that I posted here is more see like than ones on NAC.
But ok, I'll just have to wait till auction ends to see if I will regret selling this piece on NAC.



Moderator
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United States
23731 Posts
 Posted 04/11/2013  2:44 pm  Show Profile   Bookmark this reply Add echizento to your friends list
Mystery solved. Glad to hear that you were able to have it certified. It's a beautiful and unique coin that I would expect to sell for over the estimate. Let us know how well it does.
Pillar of the Community
United States
5155 Posts
 Posted 04/11/2013  3:02 pm  Show Profile   Bookmark this reply Add Ancientnoob to your friends list
Selling that piece would yield quite a few Denarii. Great find. Unlisted, unrecorded gold- can't go wrong with that.
Pillar of the Community
United Kingdom
2838 Posts
 Posted 04/11/2013  3:23 pm  Show Profile   Bookmark this reply Add bobbyhelmet to your friends list

Quote:
Apparently unique and unrecorded


Excellent

I hope it sells well for you Caesar, and thank you for updating the thread and letting us know what happened.
New Member
Croatia (Locally: Hrvatska)
18 Posts
 Posted 05/17/2013  12:28 pm  Show Profile   Bookmark this reply Add Caesar to your friends list
Sold for 32,000 CHF. Maybe a little more than I expected considering the situation. I believe that in the future this coin will worth a lot more, just a few things to do first. But for me personally, what I wanted, that's what I got. Many thanks to Coin Community, I have a feeling that this forum contributed a lot to the good price. Have some reasons to believe that, but I'll keep it for myself, just in case I'm wrong. And thanks for all good advices. So long, and many good findings to all.
Pillar of the Community
United States
2480 Posts
 Posted 05/17/2013  12:42 pm  Show Profile   Bookmark this reply Add ThisIsFun to your friends list
Congratulations! Beautiful coin.
Pillar of the Community
United Kingdom
4208 Posts
 Posted 05/17/2013  12:45 pm  Show Profile   Bookmark this reply Add Ben to your friends list
£21k? Thats great! Well done. I dont think that it could climb much higher than that.

You should buy a copper one and spray it gold as a memento. The paint could be stripped pretty easily at a later date before people flip.
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United States
23731 Posts
 Posted 05/17/2013  3:10 pm  Show Profile   Bookmark this reply Add echizento to your friends list
Congratulation, I'm glad it did so well it is a very beautiful coin.
New Member
Croatia (Locally: Hrvatska)
18 Posts
 Posted 05/17/2013  4:01 pm  Show Profile   Bookmark this reply Add Caesar to your friends list
BenByfield:
"£21k? Thats great! Well done. I dont think that it could climb much higher than that."

It could, if buyer want to make some real profit. But I'm just a simple peasant, and I wouldn't know what to do with 100000 € so I was aiming 20000 €, that's ok for me. But, once this coin is recorded, properly cleaned and introduced to world...then it will be a different story. You see, it's tough to determine price for something what you can't compare, but for that price I saw many other gold Diocletian in worse condition, and not at all so rare ones. And this one is so rare that it shouldn't exist - AU 16mm, 2.67 g. Silver dies strucked Diocletian. That is something new for history books. And exactly the book is what could raise value of this unique specimen. But that is now on someone else. I wish him luck.
Bedrock of the Community
Australia
21788 Posts
 Posted 05/17/2013  9:52 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list
Coins DO in fact, turn up occasionally, for which no equivalent catalogue number can be found.
However, such coins can even stump the best of numismatic describers.
I would like to discuss with the person who described it, and to which numismatic peer(s) he refers to for verification.

Normally, these sorts of unusual coins are referred to some erudite organization, such as the British Museum, or the Bibliotheque Nationale. They would certainly like to know of the existence of such a coin, at least for a third party verification, and to be included in their catalogue system.

That sort of information and research behind it should have been included in the lot description, but I see that it hasn't.
That makes me curious.


Scientific research is always reviewed by peers before publication.
Edited by sel_69l
05/17/2013 9:58 pm
Pillar of the Community
United Kingdom
946 Posts
 Posted 05/18/2013  09:40 am  Show Profile   Bookmark this reply Add Masis to your friends list
I remember you posted this, over on Forum, back in October.
http://www.forumancientcoins.com/bo...opic=83439.0
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