Dilemma: 22 Denari For 500 Euro's - Coin Community Forum

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Author	Replies: 6 / Views: 853
Dutchgulden Pillar of the Community Netherlands 1204 Posts	Posted 12/23/2013 4:15 pm I was offered to make a bid for 22 denari of a dutch collector. He bought them all for high prices because they came from official dealers. If I agree to the offer, my intention is to sell at least half of the lot and keep the rest. My question: Is it worth the deal? There are some nice coins within the deal, some which are just fine. Do you see something spectacular? Thanks in advance! My biggest doubt is the auction value of the coins I'm about to sell, the price is too high too keep them all for me. Edited by Dutchgulden 12/23/2013 4:16 pm Report this Post to the Staff

echizento Moderator United States 23731 Posts	Posted 12/23/2013 4:27 pm Five are not Denarius but are antonininus, most are in pretty good condition and average about $30 a piece. Which would come out to about $600 US. That is what I would offer at most. Report this Post to the Staff
ThisIsFun Pillar of the Community United States 2480 Posts	Posted 12/23/2013 4:27 pm Without studying the picture and coins in detail, my feeling is that if you are interested in a large lot, you can do better for the same money. Keep an eye on Gorny & Mosch, Roma, and other auctions which often have large lots of denarii. Report this Post to the Staff
Ben Pillar of the Community United Kingdom 4208 Posts	Posted 12/23/2013 4:28 pm Nope, id skip it. They are nice coins, but thats â‚¬22 per coin (Â£18). I think thats pretty much nail on the head the value of the lot if marketed properly. I got my nicest silver coin for just a couple of quid - so keep that in mind, you could be unlucky and take a huge loss. Report this Post to the Staff
ThisIsFun Pillar of the Community United States 2480 Posts	Posted 12/23/2013 4:31 pm As Ski said... so that's a No. 500 EUR is already $30 US per coin. You could sell some to offset your costs but you'd still likely be selling at a loss on each coin, unless you have a bunch of cash-paying customers who pay top prices. Report this Post to the Staff
Dutchgulden Pillar of the Community Netherlands 1204 Posts	Posted 12/23/2013 4:32 pm Thanks guys, that was my biggest concern, to take a big loss, because I think its about the value of the coins they would bring up in auction. The problem for the seller is that he overpayed hugely. Im going to skip Report this Post to the Staff
zxcccxz Pillar of the Community Canada 5417 Posts	Posted 12/24/2013 01:02 am 500 Euro's is not worth it. I'd say 400 at most and that's only if you want them bad. If you mean to make a profit 350 Euro's would be the right offer. Report this Post to the Staff
	Replies: 6 / Views: 853

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