Julius Caesar $15 Denarius - Boy Have Things Changed

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Author	Replies: 6 / Views: 890
travelcoin Pillar of the Community United States 1120 Posts	Posted 02/09/2022 7:09 pm I was hoping to pick this one up on the cheap. The coin is in pretty bad shape, holed and quite worn. But a decent "filler" for any collection. The seller who put it up for auction (no reserve)added in the description that he paid $15 dollars for it in 1984 and when onto say that its $22 in today's money. I'm sure he was hoping to get at least that. Well it sold for nearly $300, which is pretty shocking to me at least. I'm sure he was pleasantly amazed as well. I used to think that the internet actually brought down prices, but I'm not so sure anymore. Actually, I'm pretty confident that it has driven up prices. Easy access and broad exposure has really opened up the market. I can't believe some of the prices these coins are getting Footnote according to offialdata.org $15 is actually about $40 in todays money. ] Report this Post to the Staff

tdziemia Pillar of the Community United States 7933 Posts	Posted 02/09/2022 8:38 pm Quote: I used to think that the internet actually brought down prices, but I'm not so sure anymore. I don't have the perspective of more experienced collectors out here, but I'm going to throw out this slightly different slant based on probably too simplistic logic: 1. Internet selling initially brings down prices because "supply" expands. Buyers now have access not only to local dealers, mail order, auction houses, but to essentially a global coin market. 2. Prices later increase due to increased demand (not so much to do with internet). Growth of middle class in Asia/Africa/South AMerica, and increased disposable income in upper quintile in US/Europe has people looking for places to invest their gains, using collectibles to diversify their portfolio. Edited by tdziemia 02/09/2022 8:40 pm Report this Post to the Staff
louisvillekyshop CCF Advertiser United States 1303 Posts	Posted 02/10/2022 05:52 am Here are some examples of changing times Travelcoin. These are 1920's envelopes as I looked up the company from NYC. Report this Post to the Staff
travelcoin Pillar of the Community United States 1120 Posts	Posted 02/10/2022 09:47 am Wow Louis that is interesting and yet pretty crazy. It's awesome that the tags/envelopes stayed with the coins. According to US Labor and statistics CPI inflation calculator .50 cent (1923) is worth $8.37 in today's money. Not a bad investment at all. You can't buy any of those coins for that, so yes, the prices have risen significantly. TD Quote: ..Increased disposable income Yes agreed and people looking to diversify their investments. P.S. That Caesar coin would have been worth about .05 cents or less. Edited by travelcoin 02/10/2022 12:47 pm Report this Post to the Staff
circusmax120 Valued Member United States 319 Posts	Posted 02/10/2022 11:56 am Holy-moly, Louis! Crazzzy prices on those envelopes. shaking head Perhaps a reflection of supply and demand at that time? Surely not representative of a general devaluing of ancient things. Along the lines of Mark Twain's 'mummies burned as fuel for trains'. Report this Post to the Staff
oriole Pillar of the Community Canada 5238 Posts	Posted 02/10/2022 1:04 pm Hmm. The "rare" one sold for 50 cents, not 20 cents like some of the others. Mind you, what would property in New York City have sold for then, vs. now? Report this Post to the Staff
louisvillekyshop CCF Advertiser United States 1303 Posts	Posted 02/18/2022 7:41 pm Well the Commodus Silver Denarius from the same lot was going for 60 cents 100 years ago, it is interesting the Parthian King was listed at 50 cents in the same era: Report this Post to the Staff
	Replies: 6 / Views: 890

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