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Replies: 23 / Views: 2,616 |
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Pillar of the Community
United States
4253 Posts |
After I wrote last, I did a very quick search and found at least three coins I think match your coin and none say anything of rarity. Does this coin look like yours?    The mere fact I could find these relatively easily and quickly is telling in and of itself. JW
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Pillar of the Community
United Kingdom
2838 Posts |
The RIC numbers do need to be taken with a huge pinch of salt, like said earlier they are perhaps useful for relative rarity to other coins in the same book but thats about it. I would suspect R4s and R5s sell daily on ebay for just a few pounds as nobody is looking for these minisculey different common issue coins. It is also important to understand if it is the coin that is rare or the issue, a coin population made up of 1000s of slightly different 'rare' issues will be less desirable than a common coin that only came in one issue. Hope that makes sense. I have 3 RIC VII R4s '2-3 coins known' I bought all 3 for a total price of £14.95, and that included P+P! I had no idea when I bought them that they were R4s I just needed / liked them. If I tried to sell them tomorrow I'd prob get the same £15 back.
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Pillar of the Community
United States
1549 Posts |
No! RIC rating numbers to not pretend to indicate the number of coins in existence. When the books were written, the authors surveyed a number of big public collections - mostly museums. The number of these institutions that had the coin was reflected in the are number. If almost all had it, the coin was a C; a few might be R1 and only one would be R5. As Bobby's chart shows the exact counts varied by volume. There is nothing about the system that would count the coins in my collection or yours or the 100,00 other people who own ancient coins. If an unknown coin was found in a hoard and the finding museum gave one to each of their fellow museums, the coin could be common even if there is not another specimen in existence. If a pot of one million examples of something previously unknown was found after the RIC volume went to press it would be possible for you to have a handful of an R5 and each of us could, too. I was once shown a group of 5 examples of the same R5 so 'Unique' was not the word to use.
It is a guide but don't take it too seriously. On average it is pretty good but the 2-3 known business is a joke used by those who don't know to fool people who know even less.
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New Member
 United States
25 Posts |
Wow! Thanks for all the help guys! jwharper: Yes that does look like the coins I own. Except, the "Z" on the coin you posted appears to be backwards? None of mine are like that. Can you please tell me, or provide a link to other coins like the ones in question that are for sale? Thanks! Also, to address why I started collecting this coin. And why as a new collector I own 7 of the same "rare coin". My Ancient coin collection is made up of mostly "rare" or valuable coins only. I don't have any real theme other than that at this time. I do think the coins are cool and remarkable considering the age. But my only theme so far has been "rare" or highly collectable coins. Weather that be Hadrian, Licinius, or others.. When I first came across this coin I didn't have a lot of time to research and back up the claims of the person selling the coin.. ( ebay auction) I did a couple of quick searches on Vcoins and ebay. I only found a few. I thought to myself that it would be a cool little collection if I could collect all of the 7-10 known to exist. So I bought it. Then over a few more months I bought the others I could find. Total investment = 500 bucks. Price range was 17.00 to 150.00. Keep in mind that until today I thought the info of RIC VII R2 = 7-10 was at least close to accurate. And that collectors believed and went by that rating system. I knew there was a chance that over the last 45 years more coins just like this one would be found. Or that in the future there could be more found. That's part of the gamble I took. I know many who read this story may think that collecting coins in this fashion is just down right crazy! But hey, I'm coincrazyy  It looks as though my inexperience has cost me 500 bucks that I may never get back!  I'm not all that upset. They are still cool coins that I'm happy to own.
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Pillar of the Community
United States
4253 Posts |
Everyone has their reasons for collecting and for collecting a particular subject matter. I started out trying to get at least one of each of the accepted Roman emperors. I'm shy of that by better than a dozen and I've been at it for some time. Of course, I've branched off to other areas, i.e., the first 12 Caesars. As I said, I would never collect based solely on rarity, but rather on desire. Good luck to you and hey, stay connected on this forum. Its very interesting and educational. Fun too.
JW
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Pillar of the Community
United Kingdom
2838 Posts |
As JW says reading the threads on here is a good way to build up knowledge and the only stupid question is one not asked. Everybody starts at the beginning knowledge wise and its not something to be ashamed of and shouldn't be mocked by those 'in the know'. Quote: I know many who read this story may think that collecting coins in this fashion is just down right crazy! But hey, I'm coincrazyy I like your attitude  - for people who have collected modern US coins switching to ancients can be a shock. Many of the 'rules' completely change and the main-stays of tight grading, known populations and price estimates go straight out of the window. Its good fun though - join us on the 'dark side' where 'slab' is a dirty word, your allowed to touch your coins, beauty is in the eye of the beholder and your coin is only worth what someone else is prepared to pay for it on any given day.  Quote: the 2-3 known business is a joke used by those who don't know to fool people Most sellers on ebay who use terms such as 'rare' and head items like this '*****RARE-WOW*****' should generally be left alone - they dont know what they are doing and most reputable sellers go no further than to sometimes use terms such as 'scarce' or 'un-common'. In truth there are very few truly rare Ancient coins and most of these were bought up by museums long before any of us were born. Welcome to a fascinating new hobby.
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Pillar of the Community
United States
4253 Posts |
I don't know Bobbhelmet, I was born some time ago, in the long forgotten days of yesteryear.  JW
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New Member
 United States
25 Posts |
Thanks again for the help and opinions guys. I wish I could post pictures of the coins. As I said in another post, I haven't bought a camera to take good pictures of my coins. I did find a link to one of the nicer coins I bought in that collection though. http://cgi.ebay.com/ws/eBayISAPI.dl...370281551969So JW, did you find anymore like these for sale?
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New Member
 United States
25 Posts |
 Can anyone help me find more coins for sale like the one talked about in this thread? Thanks!
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Pillar of the Community
United Kingdom
2838 Posts |
Are you only interested in ones with palm leaves on the left and 'z's on the right?
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New Member
 United States
25 Posts |
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Pillar of the Community
United Kingdom
2838 Posts |
I think this one might be - difficult to see whats in right field: http://www.ebay.com/itm/Bronze-foll...t_852wt_1344BTW - the coin in your link, the one in your collection is good quality, coins like this and with good silvering will always demand higher prices.
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Pillar of the Community
United Kingdom
2838 Posts |
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New Member
 United States
25 Posts |
Thanks Bobby! The one you found on ebay is a tough call. I did buy the other one though! That makes  out of ?
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Pillar of the Community
United Kingdom
2838 Posts |
Quote: I did buy the other one though FACs is a good seller - I dont usually buy from established sellers as I find the prices too high but would certainly recommend this seller. Keep going coincrazyy, who knows, one day you may have cornered the market in these 
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Replies: 23 / Views: 2,616 |
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