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The Value Of Ancient Coins

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Author Previous TopicReplies: 5 / Views: 985Next Topic  
Pillar of the Community
Ben's Avatar
United Kingdom
4208 Posts
 Posted 10/13/2012  2:46 pm Show Profile   Bookmark this topic Add Ben to your friends list Get a Link to this Message Number of Subscribers
It bugs me, it really does. Ancient coins are worth so little. Mine have cost about the same amount as a bottle of Coke each. But why is it this way?

Sure, millions were made, but million were made 2000 years ago. And of those millions, every single one was definitely in the hands of a roman. And lets not forget the effort of getting to them. Nearly all ancient coins have been underground at some point, which means all of them have been brought above ground by someone, somehow. This isn't something someone has found down the back of their sofa.

Theres also the fact that each one was created by hand - each roman coin has had someone dig up the ore, someone smelt the ore, someone form the planchet, someone carve the die and someone strike it. Each one is a tiny piece of artwork. Go out today and try and buy a statue from ancient rome and it will cost you an arm and leg. Yet, a disc of metal with a hand formed impression of an ancient emporer of a far off land can come as cheap as $1.50. Each one is unique.

I have a piece of early christian iconography. It cost me £1.20.

Why?
Valued Member
Badger Mint's Avatar
United States
324 Posts
 Posted 10/13/2012  2:55 pm  Show Profile   Bookmark this reply Add Badger Mint to your friends list Get a Link to this Reply
My short answer would be that people are lazy and ancient coins take more time and effort to understand and appreciate than modern, mass produced pieces.

Joe Paonessa
Pillar of the Community
Gil-galad's Avatar
United States
2044 Posts
 Posted 10/13/2012  3:58 pm  Show Profile   Bookmark this reply Add Gil-galad to your friends list Get a Link to this Reply
I've noticed the price for ancient coins in general has been rising even in the short time I've been collecting for almost a year.

Most of those you can get for that price are uncleaned. Common decent coins that don't need to be cleaned or minimal cleaning will cost on average around $5 - $15 unless you manage to get a decent deal of course. There are a lot of very expensive coins as well. Then again I've seen uncleaned coins going for $5 - $10 each which is very high for those kind of raw coins.

Another answer is that a lot of coins are still being found overseas by metal detectors. Don't complain because once people stop finding tons of them, the price will probably rise dramatically. I am more than happy about low prices for lots of coins or I would not be collecting at all. It was a deciding factor other than not wanting to collect modern coins anymore, the price is within my reach for a lot of ancient coins.

Coins are very small as compared to Roman statuettes or larger statues. Not to mention that coins are by far in greater supply. It's all about supply and demand as well as whatever the dealer decides to price a coin.

Throw the book out if you think coins are priced like moderns are. There isn't any chart that you can look up, nor any clear guidelines about prices. ERIC II and AORTA do have rankings for Roman Imperial coins and some pricing averages at auctions, ebay, etc that's based on prices a year or two ago. You just have to feel your way through it while searching for coins that you like as well as being affordable.
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echizento's Avatar
United States
23731 Posts
 Posted 10/13/2012  3:59 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
I'm glad they are still cheap, that means more coins for us that collect them. Once the rest of the world realizes the beauty and history behind these little piece of metal, watch how high the prices go.
Pillar of the Community
Bing's Avatar
United States
4253 Posts
 Posted 10/13/2012  4:25 pm  Show Profile   Bookmark this reply Add Bing to your friends list Get a Link to this Reply
I've been collecting Ancients for over 30 years and I've noticed fluctuations both up and down over that period. As a general rule, the price of these coins have not changed much. Of course, 30 years is only a very small part of 2000 years. When I first began my collection, the only way to get coins was from well known dealers and from some coin shows. Now the internet brings them to us at huge volumes, sometimes directly from the people who find them. Someone once mentioned in another post the sheer volume of coins struck, and since found, is almost impossible to imagine. Perhaps someone here will remember the number, but I cannot.

Yes, I too have seen the rise in the internet prices in the past year. I do not know what to attribute to that. Maybe fewer coins. Perhaps more buyers. Maybe both or something else altogether. But like echizento said, I'm glad they are still cheap. Cheap enough for me to afford one every so often (more often then I should I think).
Edited by Bing
10/13/2012 5:32 pm
Valued Member
Canada
472 Posts
 Posted 10/13/2012  5:21 pm  Show Profile   Bookmark this reply Add Dionysos to your friends list Get a Link to this Reply
I think that the recent "problems" with the worldwide economy brought some investors in the [higher end] ancient coins market (as it must have had elsewhere). People that want to convert their money into material goods rather than place it in more volatile, intangible investments that can just vanish from one day to the other.
Edited by Dionysos
10/13/2012 5:50 pm
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