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What Makes This Byzantine Coin Special?

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Pillar of the Community

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 Posted 07/30/2012  07:39 am Show Profile   Bookmark this topic Add dougsmit to your friends list Get a Link to this Message Number of Subscribers
http://www.cngcoins.com/Coin.aspx?CoinID=214554

This coin drew attention on another list I read. Can you see what is unusual here?
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echizento's Avatar
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 Posted 07/30/2012  07:56 am  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
Other than what appears to be a misaligned letter A on the reverse, there is nothing that I can see that would make this coin sell for so much. Sear does not even list it as rare.
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Sap's Avatar
Australia
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 Posted 07/30/2012  09:03 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
I assume it's not just a typo.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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 Posted 07/30/2012  09:07 am  Show Profile   Bookmark this reply Add Doucet to your friends list Get a Link to this Reply
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Bing's Avatar
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 Posted 07/30/2012  09:11 am  Show Profile   Bookmark this reply Add Bing to your friends list Get a Link to this Reply
I havn't the foggiest.
Edited by Bing
07/30/2012 12:17 pm
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giano's Avatar
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 Posted 07/30/2012  11:11 am  Show Profile   Bookmark this reply Add giano to your friends list Get a Link to this Reply
nimbate bust of Christ on her breast?
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Nothus's Avatar
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 Posted 07/30/2012  11:31 am  Show Profile   Bookmark this reply Add Nothus to your friends list Get a Link to this Reply
Laundering money?
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DVCollector's Avatar
United States
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 Posted 07/30/2012  12:18 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
quite a spread from estimate to selling price. I haven't any clue why of course.
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Gil-galad's Avatar
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 Posted 07/30/2012  2:52 pm  Show Profile   Bookmark this reply Add Gil-galad to your friends list Get a Link to this Reply
I looked around and could not find another coin like it anywhere on VCoins or ebay, so it must be rarer than Sear says it is? Are second reign coins rarer than first reign coins? Answers that I don't really know right now.

I also looked around at other coins of Isaac II Angelus, with Alexius IV. There are lots of coins with similar designs during this era.

I'm not too familiar with Byzantine coins yet.
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Gil-galad's Avatar
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 Posted 07/30/2012  3:04 pm  Show Profile   Bookmark this reply Add Gil-galad to your friends list Get a Link to this Reply
One thing that page doesn't describe is the legends, in the attribution. By this time, I believe the national language is Greek.
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echizento's Avatar
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 Posted 07/30/2012  4:17 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply

OK Doug, what's the answer?
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 Posted 07/30/2012  10:31 pm  Show Profile   Bookmark this reply Add dougsmit to your friends list Get a Link to this Reply
I don't know. The question is how a company as big as CNG could estimate a coin at $100 and the thing bring $14000. CNG is famous for underestimating some coins and this is a much nicer than average specimen of a rare type but that would explain something like a 5 times estimate not 140x. If they did mean to estimate $1000 it is still 14x. I don't know anything except there are some Byzantine collectors with a lot of free cash and this is a very nice coin from a period known for producing ugly trash. I also know that there are some people out there who get into a shoving match and get as much fun out of driving up prices on their competitors as from winning. I assume that a bid that high means someone else bid $13000 and that suggests there were two people with more money than I have that decided that they were going to win the coin whatever it cost. I'd love to see an identical one go up for sale next week so we can see what it would bring. Is the coin worth that price? It was to somebody.
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Gil-galad's Avatar
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 Posted 07/30/2012  10:41 pm  Show Profile   Bookmark this reply Add Gil-galad to your friends list Get a Link to this Reply
Auction fever explains part of the reason. The coin does have decent eye appeal as well. Although, I'd never spend that much money on a coin.

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echizento's Avatar
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 Posted 07/30/2012  11:10 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
I think I may have found the answer, David Sear's book quotes a price realized at a Dumbarton Oaks sale some years ago. In a 2008 auction held by Morton & Eden a simular coin sold for $3140.60, this coin appears to be the second example ever found hence the high sale price.
Edited by echizento
07/31/2012 09:00 am
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Eng5858's Avatar
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 Posted 07/31/2012  12:05 am  Show Profile   Bookmark this reply Add Eng5858 to your friends list Get a Link to this Reply


I think cngcoins saw the coin on Craigslist in Anchorage. They must want to jump in the action......
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