Ngc-Graded Ancient Roman Medallion Realizes $198,900

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Author	Replies: 5 / Views: 3,341
CCFPress Press Manager United States 1420 Posts	Posted 09/22/2015 1:05 pm NGC - The gold medallion featured at the Bonhams' September auction sells for an impressive price. A possibly unique large-sized gold medallion of Roman Emperor Constantine I, graded Choice VF with a 5/5 Strike, 2/5 Surface by NGC Ancients, sold for $198,900 in Bonhams' September 14, 2015, auction. The medallion had been graded and encapsulated by NGC Ancients, a division of NGC dedicated to ancient coins, in early August. It was encapsulated in an NGC Oversize Holder® because of its size—48.8 mm from top to bottom. According to NGC's announcement in August: "One of the most famous Roman Emperors, Constantine I is often called 'the Great' for his many achievements during his three decades in power. He is particularly well known for being the first Christian emperor as well as for founding a new capital in Constantinople. "Some scholars believe that this medallion was struck in AD 330 to commemorate that event. It weighs an impressive 41.88 grams, which equates to a denomination of 9 solidi. Although issued as presentation pieces, these medallions were sized so that they could circulate in commerce. Only a small number would have been struck and each likely would have been personally given by Constantine I to important dignitaries." Report this Post to the Staff

TypeCoin971793 Pillar of the Community United States 6370 Posts	Posted 09/22/2015 1:30 pm Oh, the amount of history in that coin is outright awesome! Yet a stupid 1913 US Liberty nickel, of which 5 are known to exist, and it's history of production was only to put ill-gotten money in someone's pocket, sells for 25 times the amount this one realized at auction. US coins are stupidly overpriced for what they are. Hint #14: So, why do I collect coins? This is a fairly difficult question to answer, especially to a non-collector. However, I answered it to the best of my ability in a class presentation. Edited by TypeCoin971793 09/22/2015 1:31 pm Report this Post to the Staff
CGCoins Pillar of the Community United States 797 Posts	Posted 09/22/2015 1:33 pm That is just gorgeous! And I second what TypeCoin says! Report this Post to the Staff
BobbyV New Member United States 25 Posts	Posted 09/22/2015 1:46 pm So this medallion is likely to have been handled by Constantine himself? Sweet! Edited by BobbyV 09/22/2015 1:48 pm Report this Post to the Staff
echizento Moderator United States 23731 Posts	Posted 09/22/2015 2:51 pm I hate to see ancients slabbed, but in this case the slab adds more value to an already super rare piece. Report this Post to the Staff
chuy1530 Pillar of the Community United States 513 Posts	Posted 09/23/2015 01:11 am If a coin could be confirmed to have been handled by a figure such as Constantine that would increase my (already high) interest in it a hundred fold. My dream is that someday we unearth some minor King's vault with a handful of coins and a "gift from Augustus" note or something. I know he sometimes gave coins out to visiting dignitaries. Report this Post to the Staff
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