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"Widow's Mite" Judaean Lepta?

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Finn235's Avatar
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6130 Posts
 Posted 10/13/2015  08:52 am Show Profile   Bookmark this topic Add Finn235 to your friends list Get a Link to this Message Number of Subscribers
Trying to learn a little from this auction that I let go a few days ago:

http://www.ebay.com/itm/Lot-Group-o...121774643090

Again, I couldn't bring myself to drop that much on a "mystery batch" of coins, especially given their condition. Looking more closely, I do see the tell-tale anchor design of a Judaean lepton. I know those sell like hotcakes on ebay, since they are in demand with people who otherwise have no interest in ancient coinage. I am not sure about the rest, however?

What do you think about the coins and the final selling price?
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echizento's Avatar
United States
23731 Posts
 Posted 10/13/2015  09:09 am  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
At a little over a $1 each I think the price is good. There does appear to be some low grade lepton in the lot and may be a couple of Nabetean also.
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lrbguy's Avatar
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949 Posts
 Posted 10/13/2015  09:53 am  Show Profile   Bookmark this reply Add lrbguy to your friends list Get a Link to this Reply
Most of what I was seeing in the lot are not "lepta" per se, but are mainly Hasmonean prutot. By the 1st century AD the prutah was a denomination most associated with the Jerusalem Temple, and has some specific types that make a prutah distinct from a lepton. Why does this matter?

I noticed in the kinds of alternate lots being offered on the page that this lot was grouped with coin lots being sold as historical artifacts more than for their numismatic value. One seller was offering coins of Constantine without showing the reverses of anything he offered. This is for a buyer who wants something having to do with Constantine, whatever it is. It is a curious thing, but the condition demand for historical artifacts is almost the opposite of what is numismatically important. Something ancient THAT SHOWS ITS AGE is more important to the history buff. An FDC coin that looks like it was minted yesterday is not at all what the casual afficinado desires.

If any of that makes sense, then you can understand that at about $1 per coin you could turn it around rather easily if you hype the coins to the right audience. Those beat up prutot, if marketed to a mass audience looking for icons of ancient Jewish struggles, will sell very quickly, particularly if it appears that getting them into the hands of an appreciative audience, for less than those advertising in the history mags, is what moves you.

Outside the box. Get it?

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Finn235's Avatar
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6130 Posts
 Posted 10/13/2015  10:55 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
Actually what surprises me is that the seller did not bother to give the coins a solid historical context. Had he or she taken the two seconds to Google "ancient coin anchor" they would have immediately identified them as New Testament era Judaean coins, marketed them as such, and probably realized $100-150 for the lot.

In the vein of "coins sold for historical novelty only" I see a constant stream of "Biblical Widow's mite size coins"--little nuggets of corrosion in an ICG holder that doesn't even ID the coin. These auctions usually seem to go for $5 each, which truthfully makes me regret that I didn't win this auction--I bid $53 then had second thoughts and didn't bid again when someone swooped in during the final moments.
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lrbguy's Avatar
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949 Posts
 Posted 10/13/2015  12:24 pm  Show Profile   Bookmark this reply Add lrbguy to your friends list Get a Link to this Reply
Having been the underbidder many times I know the feeling. If it's any consolation:
1. Chances are it wasn't a last minute decision. They may have set their bid with a service several days ago, and
2. You can't tell at this stage how high they might have gone. You may have missed it by a mile, or maybe not.

Timing is everything. Bid your highest only in the last moments. Give no warning, unless you are not seriously interested.
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 Posted 10/13/2015  12:30 pm  Show Profile   Bookmark this reply Add MadMoneyMike to your friends list Get a Link to this Reply
...AND there are several Herod the Great prutahs as well (ie 2nd row, second from left) The coin lot is poor quality HOWEVER, well worth the final winning bid... I buy lots such as these and give them as gifts at my presentations of Biblical coinage to attendees. Most are THRILLED to have one... even these !
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