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Replies: 16 / Views: 2,884 |
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New Member
United States
6 Posts |
Hello everyone, My friend has some old gold coins. He plans to offer them for sale later on but needs to know their value. Could you please help me identifying three of them as well as with their possible values. He said that he is mostly sure that they are all authentic. Please find below the image. Thanks in advance. *** Moved by Staff to a more appropriate forum. ***
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Bedrock of the Community
Australia
21788 Posts |
CHolder:  to the CCF! These are Roman Aureii of Vespasian and Trajan The Trajan coins should weigh around 7.2 grams the Vespasian aureii should weigh around 7.6 grams. Because of their high potential value it is worth it to make fake aureii from good quality gold. They are often die struck, and then artificially worn to hide any manufacturing defects. It is worthwhile having them XRF (X Ray Florescence) tested for trace metals other than gold in the alloy. XRF testing is non destructive, and relatively cheap to perform. Genuine aureii have a purity of around 95% gold, with (usually) a wide variety of trace metals, most commonly silver. Fake gold aureii are (usually) are of pure gold, or have only copper or silver only in the alloy. The ancient gold refiners were not as skillful as modern gold refiners, and it shows up in the variety of the trace elements in the alloy. Having issued this warning, these coins as appear in the pictures LOOK to be genuine. For an idea of value, have a look at the VCOINS (ancient) site and type 'aureus' in the search box.
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New Member
 United States
6 Posts |
Hi Sel, and thanks for the welcome :)
Many thanks also for your kind reply. It is everything I needed to know, and VCoins shows, as you stated, high value for similar coins. an XRF test is certainly required.
Thanks again:) CHolder
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Moderator
 United States
23731 Posts |
 to the community Sel ID them for you as far as the emperors, if you can post a picture of the reverses we can provide more info for you. I've edited your picture a bit so it's easier to view the coins. I'm going to move this thread over to the Ancient coin section for more help. 
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New Member
 United States
6 Posts |
Thanks echizento for the welcome.
You are right, but this what I needed to know as for now. Over the weekend, I am going to try capturing finer images, and measure them in terms of weight and diameter for better identification.
Thanks - Many Thanks :) CHolder
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Valued Member
United States
69 Posts |
Where are you guys getting access to XRF testing?
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Rest in Peace
United States
4078 Posts |
Tenacious, great question.
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Valued Member
United States
152 Posts |
The wear patterns do appear typical to me of early Roman aureii. A search on acsearch.info for "vesp aureus" or "trajan aureus" will give you dozens to compare again. Sort the search from lowest price to highest price since these aureii often do come in very high grades.
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Bedrock of the Community
Australia
21788 Posts |
Any bullion dealer worth his salt should have the right equipment for XRF testing. Essential equipment for them, to test for fake metal bars and coins.
XRF testing only examines the elemental composition on the surface of the coin. X-rays are beamed and scattered off the surface of a metal, and the diffraction patterns are examined. Thr reflected rays are altered by what metal happens to be interfering with those reflections.
Ultrasound is used for examining heavily gold plated fake tungsten cored bars and coins, for such items that have already passed XRF testing for surface metals. Tungsten has the same density as gold.
I cheat. I have a friend who has a pHd in materials science, and is the chief forensic scientist in a State Government investigation unit. He has his own instrument!
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Rest in Peace
United States
4078 Posts |
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New Member
 United States
6 Posts |
Hi, Thanks to everyone for the input. Kindly note that I am familiar with auctions but not with coins. Paul: I tried acsearch.info, and it was possible to identify the second one in the middle: http://www.acsearch.info/search.html?id=1914085But it also depends on the general condition of the alloy and the figures on it; for instance here is the same but with a better condition and higher value: http://www.acsearch.info/search.html?id=560088Since those were sold at auctions, the prices indicated are a little tricky because they get affected by numerous factors such as the economic condition, tastes & preferences and so on. Moreover, different auction houses might lead to different outcomes while taking into consideration that they charge different commission rates. My friend has many of these coins, different emperors, ages, and materials. When he will offer them for sale, he would prefer to sell them as a lot or at least sell each 3 or 5 in one lot. In a hypothetical scenario, where I can locate more than one identical sale for a particular coin and the hammer prices for all sales are equal at $5,000. In this particular case, how much do you think I can get for this coin (net income)? And what would you advise on the best way to conduct such sales? I prefer not to go through auctions unless they buy them for their own account even that I know that they will pay less than what I would get at auction. Thanks for all, CHolder
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Pillar of the Community
United Kingdom
3626 Posts |
You say your friend has many coins of different emperors. Which emperors are we talking about, I am thinking the 12 caesars here....
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New Member
 United States
6 Posts |
Hi Pish, How can I know if I couldn't identify the three listed above? Apparently, those were easy to identify. I know forsure that he has more recent coins (probably cheaper) than the ones posted above like this (certainly he needs a better camera):  Any idea about this? Anyways, he doesn't have like hundreds but still an okay quantity of just golden ones. I thought he just has 5, as those were the ones he always had on the wall of his house. I will meet him over the weekend, and try to get more information. Best of Regards, CHolder
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Pillar of the Community
United States
3443 Posts |
Legend reads IVSTINIANVS ie Justinian
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Pillar of the Community
United Kingdom
3626 Posts |
That is Byzantine Justinian. I am not up on Byzantine, others will come along and give you more information.
When you see your friend, try and get photographs of all of the coins (non gold as well). You want large pics like the one above, but both sides of the coin. Once you have the photos, put each coin as a new thread, it is easier for us, and will ensure that each coin gets comments and doesn't get missed. You might ask your friend where and when he got these coins. Provenance will add value to the value.
Edit: We need the measurements in mm and weight in grams if you can manage it.
Edited by pishpash 08/29/2014 08:07 am
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New Member
 United States
6 Posts |
Thanks Fvrivs.
Thanks Pish, all is very well noted. I don't know about all the coins, but the 5 I know were in his place since the first time I visited him in his house (2000 or 2001). I will ask him for more details when I see him in person.
Thanks again, CHolder
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Replies: 16 / Views: 2,884 |