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 Replies: 10 / Views: 1,260 |
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Valued Member
United States
326 Posts |
An ancient Judean coin has sold for $1.1 million at a New York City auction.
The Year 1 prototype silver shekel (SHEHK'-uhl) from A.D. 66 was bought Thursday night at Heritage Auctions by a private East Coast collector.
It's one of only two known Year 1 prototype silver shekels. The other one is in the collection of the Israel Museum.
It's the first silver coin struck by Jewish forces revolting against Roman rule in the first century. It features an image of a ritual chalice and three pomegranates.
Heritage says it's the highest price for any Judean coin paid at auction.
It's one of 2,200 ancient Judean coins from the Shoshana Collection assembled by a private Los Angeles-area collector. He bought it at a 1991 auction for more than $240,000.
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Pillar of the Community
United States
4253 Posts |
That's a pretty good return. I figure 400% since 1991.
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Pillar of the Community
United States
2596 Posts |
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Pillar of the Community
United States
4778 Posts |
$1.1 million? I am in  |
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Bedrock of the Community
United States
10045 Posts |
This level of collecting I find incomprehensible. Here is the listingOnce you have it--do you ever handle it--or do you keep it locked away in a vault?  |
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Pillar of the Community
United States
3229 Posts |
 Wow! |
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Pillar of the Community
United States
4778 Posts |
When you got to want it, you got to want it, especially if you have the cash. Maybe whoever bought it is hoping to sell it in twenty years? Make money like the coin's previous owner?
Edited by VisigothKing
03/10/2012 2:34 pm
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Bedrock of the Community
United States
10045 Posts |
VK, I'm sure there are people who buy such coins simply for passion of collecting. I've also noticed from auction records how some coins are resold in 5-10 years, at significant markup. I'm sort of relieved that my coins don't belong in the "investment class" of ancients--and I don't need to track their value, like stocks.  |
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Pillar of the Community
Serbia (Srbija)
576 Posts |
Wow, thats a lot of money My collection on Numista page: 7500 different coins and counting... https://en.numista.com/echanges/pro...hp?id=129798 |
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Pillar of the Community
United States
4778 Posts |
Quote:
VK, I'm sure there are people who buy such coins simply for passion of collecting. Sorry, didn't mean to be Captain Obvious  |
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Valued Member
United States
422 Posts |
I followed that auction as well and stunned at the prices for Judean/Biblicals. Amazing!
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Replies: 10 / Views: 1,260 |
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Posted 03/10/2012 1:32 pm
