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Need Advice Regarding Potential Purchase

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Author Previous TopicReplies: 10 / Views: 1,174Next Topic  
Valued Member
R-Dawkins's Avatar
South Africa
105 Posts
 Posted 04/24/2012  6:59 pm Show Profile   Bookmark this topic Add R-Dawkins to your friends list Get a Link to this Message Number of Subscribers
hi there, just saw an ad on a local south african online classifieds site with a guy selling a lot of ancient coins.. these are the pics he has up...



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Need-Advice-Regarding-Potential-Purchase


I have no idea on how high I can go with regards to my bids on them.. what would be a reasonable amount to spend on this lot of coins? Since I have only recently taken an interest in the ancient coins I dont want to naively overspend on them... an approx amount in $ would be helpful... thanks
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Bing's Avatar
United States
4253 Posts
 Posted 04/24/2012  7:13 pm  Show Profile   Bookmark this reply Add Bing to your friends list Get a Link to this Reply
First let me say welcome and I hope you stick around. This is a good forum with knowledgeable and helpful people.

The images of the coins don't help much in determining attribution and value. Some of the coins look Arabic, some Byzantine, and some Roman. I can't speak from a position of knowledge on anything other than the Roman coins. From what I can see, they don't appear to be anything of particular value and the condition of the Roman coins at least are not that good. A couple of the large Byzantine coins look to be in fair condition and are probably fully attributable. Without better images, IMHO, I would not spend very much on these coins. Depending on what the seller is asking, I would think you could do better by buying these coins elsewhere individually. Hopefully others will chime in with their opinions. Good luck

Regards,
Valued Member
R-Dawkins's Avatar
South Africa
105 Posts
 Posted 04/24/2012  7:22 pm  Show Profile   Bookmark this reply Add R-Dawkins to your friends list Get a Link to this Reply
thanks jwharper, they are currently sitting at less than a dollar! admittedly there is a week left on the auction but hardly any views and only 1 bid.. I think I might go up to $15 dollars for the lot after learning that they are not really worth much.. I like the larger byzantine ones though.. might be worth the amount just for those coins.
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United States
1549 Posts
 Posted 04/24/2012  7:27 pm  Show Profile   Bookmark this reply Add dougsmit to your friends list Get a Link to this Reply
I see 26 coins ranging from about $5 to perhaps $30. I might say $150 if you wanted those coins but agree that I'd rather have $150 in coins I selected with a bit more variety and quality. At $75 the lot would look better but I doubt any dealers would go that high unless they are seeing a sleeper in there that I'm missing. Of course this is a US opinion and I really don't know anything about the market in your country. I see nothing in the photos that make me suspicious of the coins' authenticity and suspect it is a group formed years ago from junk boxes rather than careful selections from dealer stock.
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Gil-galad's Avatar
United States
2044 Posts
 Posted 04/24/2012  7:30 pm  Show Profile   Bookmark this reply Add Gil-galad to your friends list Get a Link to this Reply
You can't go wrong spending $15 for the entire lot. Although, I bet the price goes up up up towards the end of the auction. The way it usually goes. There are a lot of coins there that you could learn from, and attribute.
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echizento's Avatar
United States
23731 Posts
 Posted 04/24/2012  7:48 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
If you where to get this lot for $15, that would be a good deal. But as Gil-galad said towards the end of the auction the price will go up. If I were bidding on it I would set my limit up to $100.
Valued Member
R-Dawkins's Avatar
South Africa
105 Posts
 Posted 04/24/2012  7:56 pm  Show Profile   Bookmark this reply Add R-Dawkins to your friends list Get a Link to this Reply
there is a lot of demand here for british and german coins and obviously most coin purchases online here are Nelson Mandela coins and gold kruger rands... not a lot of people buy ancients down here, however when they DO buy, the prices are more or less equivalent to ebay prices.. the market is flooded with 17th and 18th century shipwreck finds especially dutch east india company coins and people buy those over ancient roman coins.. so I might get it quite cheaply. Will keep you guys posted on how it all turns out :)
Valued Member
oxos's Avatar
United States
422 Posts
 Posted 04/24/2012  10:09 pm  Show Profile   Bookmark this reply Add oxos to your friends list Get a Link to this Reply
R-Dawkins! If you buy them these folks will help attribute them for you. Especially the Romans. Good luck!
Valued Member
R-Dawkins's Avatar
South Africa
105 Posts
 Posted 04/25/2012  03:31 am  Show Profile   Bookmark this reply Add R-Dawkins to your friends list Get a Link to this Reply
Now now oxos, I'm sure everyone would help, not just the Romans :)Yes, I've had help with a coin already.. an hour of googling did nothing for me, these guys took 10 minutes. Awesome.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 04/25/2012  06:35 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
$150 max., if they are all attributable. That is about $6 per coin.
On a per coin basis, that is still cheap.
I feel that the buyer will almost certainly pay more than $150.

Depends how much you want them yourself.
Valued Member
R-Dawkins's Avatar
South Africa
105 Posts
 Posted 04/25/2012  08:57 am  Show Profile   Bookmark this reply Add R-Dawkins to your friends list Get a Link to this Reply
yep, I've settled on that mount.. hoping it doesn't go higher than that.
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