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Am I Spending Too Much?

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Pillar of the Community
stevex6's Avatar
3352 Posts
 Posted 03/16/2012  11:52 pm Show Profile   Bookmark this topic Add stevex6 to your friends list Get a Link to this Message Number of Subscribers
Am I spending too much? ... Ummm, I mean "per coin" (not what my wife is telling me!)

For example ... I bought the following 5 coins for $225 (delivered) ... so, ummm, is that too much, not bad, or way stupid?

Coin1Am-I-Spending-Too-Much?
Am-I-Spending-Too-Much?

Coin 2
Am-I-Spending-Too-Much?
Am-I-Spending-Too-Much?

Coin 3
Am-I-Spending-Too-Much?
Am-I-Spending-Too-Much?

Coin 4
Am-I-Spending-Too-Much?
Am-I-Spending-Too-Much?

Coin 5
Am-I-Spending-Too-Much?
Am-I-Spending-Too-Much?

=> thanks for your opinions (I won't be offended, one way or another)
Edited by stevex6
03/16/2012 11:53 pm
Bedrock of the Community
DVCollector's Avatar
United States
10045 Posts
 Posted 03/17/2012  12:42 am  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
I haven't calculated "value" here...just curious how this slabber managed to apply modern grading numbers to ancients. I like the details on a lot of those!
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oxos's Avatar
United States
422 Posts
 Posted 03/17/2012  01:05 am  Show Profile   Bookmark this reply Add oxos to your friends list Get a Link to this Reply
All of them are finely detailed. If you like them, than $45 a piece, on average is just right. If I've learned anything reading the forum, is that buying beater coins for a couple of bucks is ok, but your probably going to sell them to upgrade to a better quality coin if you can afford to. So why not invest in better quality coins to begin with? In your case if you can afford them, you like them, than it's the right price. Just my take.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 03/17/2012  01:06 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
In arriving at a value for ancients, some of the most important things that apply are:

1.) Condition - Same as how you would assess any coin - how much wear can you see on it?
2.) How well is the coin struck up? Is all if the detail that you can see, how well has the detail transferred from the die?
3.) Is all of the design visible on the coin? Are all of the legends contained on the flan?
4.) Is the flan complete, or are there any defects in it which prevent full presentation of the design, for example flan splits or shape. Is the flan of constant thickness all over?
5.) Quality of style - how well has the design been executed by the die engraver? Is the design of better or poorer quality?
6.) Eye appeal. How does the patina affect the presentation? Some patinas help a coin better than others. Is the overall presentation pleasing to the eye?

Out of a balance of all of this, a value is decided by the buyer, (not the seller), which is most often influenced by similar coins which may be better or worse in some of the factors noted above. When negotiating the price of a coin I reason that I have the initiative, after all, I am the one with the money to spend. It is a bit like buying quality antiques.

TPG's have their place, but it is far easier to disagree with them. Probably explains why some TPG's are not interested in ancients.

IMO, with the coins pictured, all of the coins would receive high marks in all areas. All are pleasing. Like people, none of them are perfect.

If the buyer and seller have a near agreement on the value, perhaps a price can be agreed upon.


In assessing if a coin is a fake or not, a whole different and only partly related set of questions need to be asked.

Hope this helps.


Perhaps others can add some comments to the above list.
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echizento's Avatar
United States
23731 Posts
 Posted 03/17/2012  02:11 am  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
Remember the old saying "Buy the coin not the slab" That really applies here. None of the coins have been properly graded. Ancients can not be graded the same as US coins. These slabs add no value to the coins and the coins should be removed from them you as soon as they arrive. The coins as a whole are in very nice condition and are a nice addition to a collection, but I think you may have over paid a little..

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MartiVltori's Avatar
United States
870 Posts
 Posted 03/17/2012  02:16 am  Show Profile   Bookmark this reply Add MartiVltori to your friends list Get a Link to this Reply
You did not over pay for that lot. Some are worth less than the 45.00 average but you have two that are worth more. That Aurelian is really nice and would probably fetch 50.00 - 60.00. Coins of Trebonianus Gallus are fairly scarce and more so in the condition that yours is in. I would pay 85.00 for that coin. It is the gem of the bunch in my opinion.
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MartiVltori's Avatar
United States
870 Posts
 Posted 03/17/2012  02:24 am  Show Profile   Bookmark this reply Add MartiVltori to your friends list Get a Link to this Reply
One other thing....yeah, the modern grading. Pretty strange. And they are way over graded if you translate them to ancient grades. They are all listed as XF and AU. The Aurelian is close to EF; choice VF probably. VF on the rest of them. That Trebonianus might get an EF if not for the reverse.
Edited by MartiVltori
03/17/2012 02:27 am
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sel_69l's Avatar
Australia
21788 Posts
 Posted 03/17/2012  03:33 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
'As Struck' relating to the amount wear, is a term not used in assessing modern coins. I have seen dealers use this term which I guess would imply a grade better than 'EF'.
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stevex6's Avatar
3352 Posts
 Posted 03/17/2012  08:38 am  Show Profile   Bookmark this reply Add stevex6 to your friends list Get a Link to this Reply
Thanks gang ... it is always nice and very helpful to hear comments and opinions from such knowledgeable collectors ...

=> So overall, I feel "okay" about my purchases and what I ended-up paying for the bunch ...

echizento => you may have over-paid a little

MartiVltori => you did not over-pay for the lot

oxos => just right

... kinda like the Three Bears

=> too soft

=> too hard

=> just right


Am-I-Spending-Too-Much?

Thanks again for your help (I appreciate it!)
Edited by stevex6
03/17/2012 08:39 am
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Bing's Avatar
United States
4253 Posts
 Posted 03/17/2012  08:38 am  Show Profile   Bookmark this reply Add Bing to your friends list Get a Link to this Reply
I am well known on this forum for being quite frugal when it comes to hunting for and buying my coins. Having said that, I think you over paid and could have done better. Yes the coins are in good condition. Other then the Trebonius Gallus, all the others can be found for less than 20-25 or even less if you are willing to "hunt" (for me the fun part of looking).
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stevex6's Avatar
3352 Posts
 Posted 03/17/2012  08:43 am  Show Profile   Bookmark this reply Add stevex6 to your friends list Get a Link to this Reply
thanks for being honest, jwharper ...

uh-oh, now I've had two votes for "too much" ...

Man, I need a couple more Mama bear votes!


Thanks again for everybody's comments and assistance (I am still extremely new at this ancient-side of coin collecting, so I'm sure that I'll probably make a few fairly poor purchases before I become a thrifty buyer)
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stevex6's Avatar
3352 Posts
 Posted 03/17/2012  08:53 am  Show Profile   Bookmark this reply Add stevex6 to your friends list Get a Link to this Reply
oh, and I definitely agree ...

=> once those coins arrive at my house, I am going to liberate them from their plastic-prisons!
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echizento's Avatar
United States
23731 Posts
 Posted 03/17/2012  12:11 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
As I said in my last comment these are all very nice coins and are a nice addition to any collection. If these coins were to come my way this is what I would be willing to pay.

1. Aurelian $15, it has very nice detail, but it is a bit off centered and there is a large crack.
2. Gordian III $35, well struck and nice centering. He coins a fairly common and are usually cheap.
3. Probus $25, excellent detail and well centered, I even like the patina.
4. Postumus $40, nice detail and I like coins of this emperor.
5. Trebonianus Gallus, $50-$60, While not rare, coins of this emperor don't show up that often in this condition. The only concern I have is that there appears to be a hole in the field.
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DVCollector's Avatar
United States
10045 Posts
 Posted 03/17/2012  12:44 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply

Quote:
I am going to liberate them from their plastic-prisons!
Good plan! Those NNC "slabs" are cheap styrene and I'm sure they're not good long-term storage. You'll find they are very easy to bust open.
Edited by DVCollector
03/17/2012 4:10 pm
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VisigothKing's Avatar
United States
4778 Posts
 Posted 03/17/2012  12:55 pm  Show Profile   Bookmark this reply Add VisigothKing to your friends list Get a Link to this Reply
I agree with jw. They're nice coins, but as soon as I saw the coins and saw what you paid for them, I immediately felt that you overpaid. By how much I don't know for certain, hopefully not much. Again nice coins. I especially like the Aurelian and Probus.
Edited by VisigothKing
03/17/2012 12:56 pm
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stevex6's Avatar
3352 Posts
 Posted 03/17/2012  4:04 pm  Show Profile   Bookmark this reply Add stevex6 to your friends list Get a Link to this Reply
Thanks again for your opinions, my new ancient brothers ...

It's no secret that I tend to be a bit of an impulse shopper ... so although I may spend a bit too much on some of my purchases, I very seldom let a coin that I really like slip away!

=> it's all good in the end, for I don't plan on selling these gems anyway ... they'll eventually be passed-on to my nephew when the time comes.

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