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Replies: 13 / Views: 2,118 |
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New Member
Canada
22 Posts |
As we may know that scarcity of a coin comes from variables mainly such as: the supply of how many minted, the demand of quantity of people wanting to buy, and the price its listed,sold,bargained,etc.
I know that its almost impossible to tell how many roman ancient coins were minted. But is there a guide for price or the amount of people desiring each coin in past auctions/etc?
I notice we have no handy price guide books like modern coins. Is simply browsing the prices online the only way to go? Since its still so vagued.
For example, a famous biblical-roman coin. Months ago saw one NGC slabbed tribute penny. Tone is nice, eye appeal is nice, grades is way above the rest and easy to tell. Its priced in the 3000 USD range (maybe bargainable?) How would one know if its a good deal. In a way it does look nicer than the rest, but is it 3000 USD worth..
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Moderator
 United States
23731 Posts |
Unlike modern coins there is no real price guide for ancient coins. David Sear in his books on Roman, Greek and Byzantine coins does give a general idea what the coin is worth, but the books were written years ago. The best way to judge IMO is to check recent auction prices. You can also check here at Ancient Coin Search for resent sales. Here is the link: http://www.acsearch.info/search.htm...r=0&company=Just enter in the search box the coin type you are looking for. Lastly Vcoins will also give you a general idea, but keep in mind they are dealer prices.
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New Member
 Canada
22 Posts |
Hi Echizento, thanks for the info. I'm still waiting for the "Guide to Biblical Coins-5th edition" by David Hendin and Herbert Kreindler and hope it would give an idea too. Checked the "acsearch" website too, thanks a lot its very informative. I'm surprised that the price range for same typical coin can be very huge in difference. Even for the slabbed ones and have exact identical grades. I thought same grades of typical coins would give a smaller spectrum of price range, with the rest being the subjectivity aspect and eye-appeal to each person. But it still can vary and some could differ by a thousand bucks or more. Surprising. Wondering if people value the minting quality (Strike, Style, Surface, Star) more or the preserving quality (Net grade such as AU,XF,VF,etc) more..
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Moderator
 United States
23731 Posts |
It's a little more complicated grading ancient coins than it is modern ones. Wayne Sayles has put out and excellent series of six books on all types of coins. In his book titled Ancient Coin Collecting he describes in detail how ancient coins are graded.
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New Member
 Canada
22 Posts |
Thanks! will check it out.
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Pillar of the Community
United States
7066 Posts |
Quote: I'm still waiting for the "Guide to Biblical Coins-5th edition" by David Hendin Raiade, when you get Hendin's book you'll be pleased to note that he provides "relative dollar values of the principal coin types covered in this guide. The prices are based on the last five years of auction and private sales." So, with each coin listed, there is a value range provided.
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New Member
 Canada
22 Posts |
Oh nice, can't wait to explore it!
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Pillar of the Community
United States
3443 Posts |
On high end coins (tribute pennies in VF fall in this category) it is difficult to determine value. We are discussing little "works of art" and the question becomes one of "What is a Rembrandt worth ?"
Determining value becomes easier when discussing the lower end coinage. What is an as of Claudius worth ? Well there are only 3 types so the variables are easier to manage. The mints are again basically 3 (Rome Lyon and Spain) so again the types can be categorized. Long and short ? Twenty dollars for a low end variety and up to around 300 for a 'museum' quality piece. The high end is always difficult as there will always be some 'Bill Gates' in the crowd willing to pay an obscene price in order to have the "finest known" example.
Expensive coins have always attracted charlatans on both sides of the table. My advice would be to seek coins that you find appealing which have good eye appeal. As long as you stay in the lower end of the market you will never make a huge mistake ! And we all make mistakes. No collector who has bought coins over a period of many years can honestly say he/she has never made a stupid purchase.
With the prevalence of quality fakes today you should worry more about whether the coin is exactly what it claims to be ! Fakes are found everywhere from museum collections to local coin shops. Think twice ! Purchase once !
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New Member
 Canada
22 Posts |
Thanks a lot RVFVS, very enlightening. It may be difficult, almost impossible to name the exact accurate price of say a Tribute Penny. But maybe if a Tribute Penny is listed as 3000 USD we can judge whether its below/above/in-between the market price? So we can kinda still narrow it down as long as we're not the one naming the price, but interpreting the stated price? What do you think?
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Pillar of the Community
United States
3443 Posts |
I think the 'ask' is obscene ! That is all it is really ....... an ask price. If it really floats your boat offer a cool $1000 !
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New Member
 Canada
22 Posts |
Does anybody have the Guide to biblical coin book by hendin wanna enlighten me.. what are those number on the bottom right of almost all the image of the coins there? for example: "350/750"
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Pillar of the Community
United States
7066 Posts |
Quote: ...what are those number on the bottom right of almost all the image of the coins there? for example: "350/750" Raide, that's a valuation in dollars. See Hendin's section "About the Valuations" on page xvii of the 5th edition. The two numbers represent, for bronze issues, the relative dollar value between Fine/Very Fine condition. For gold and silver issues it represents the relative dollar value between Very Fine/Extra Fine condition.
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New Member
 Canada
22 Posts |
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Valued Member
United States
152 Posts |
To price ancient coins I very strongly recommend you use: acsearch.info for auction comparables cngscoins.com for auction / fixed priced comparables vcoins.com for currently on sale comparables.
If you are a search hound, acsearch.info is also an amazing tool to do attribution. I had a Greek bronze that I had no handle on and using "horse left" and then -stem1 -stem2 -stem3 (I had about 40 qualifiers after 40 searches) I was able to identify.
Paul
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Replies: 13 / Views: 2,118 |
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