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 Replies: 11 / Views: 1,203 |
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Pillar of the Community
United States
6130 Posts |
Edited by Finn235
10/06/2016 3:10 pm
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Moderator
 United States
23731 Posts |
No reserve auctions of the same item tend to do that, one person buys the coin cheap and now everyone wants to get in on it which drives the price up.
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Valued Member
Canada
204 Posts |
Edited by NorthSideTy
10/06/2016 5:04 pm
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Moderator
United States
23731 Posts |
That's and excellent group of coins for a supper price.
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Valued Member
Canada
204 Posts |
Thanks Ron! Yourself and other members have inspired me to pickup some of these examples  |
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Moderator
United States
34430 Posts |
Quote:
Ancient coins have no real "price catalog" like most coins produced after 1700 do. @finn235, while I agree with your basic premise and have also seen some wide variations in the prices realized for some of the coins that I collect, I would like to point out that the commonly-available Krause catalogs are also available for worldwide coins of the 1600s and German states coins of the 1500s. Great post--thanks! "If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Pillar of the Community
 United States
6130 Posts |
The thing that can really get you is *gradual* fluctuations in price.
Before I focused mainly on Ancient coins from these dealers, I also took a swing at making a set of silver Rupees from the various Indian states, plus the British and Portuguese sets. I thought I did good to snag a VF Hyderabad rupee foe $17, after warching similar coins go for $20-25 week after week. Then the bubble burst and the "going rate" fell to $15 for AU, $10 for anything less. Conversely, I nearly pulled the trigger on a Cooch-Bihar rupee for $40 (NGC lists $250). Have only seen a couple since then, always in the $50+ range.
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Valued Member
United States
408 Posts |
I like buying big lots of ancient coins for dirt cheap. They aren't the best quality, but they are fun to look at and try to analyze. Also, the ones in bad shape can be used to teach one's self how to clean coins properly.
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Pillar of the Community
United Kingdom
2624 Posts |
I haven't picked up a great deal of bargains in truth... the main reason for that is the first few auctions I got involved with the prices went sky high (I was bidding on Alex III drachms and everyone seemed to get carried away) I realised I like doing business with Vcoins for coins where there is a fair selection. By ordering into price range you can find the right level to get a decent coin for a fair price, sometimes a coin just jumps our as being better value for money than the rest.
The thing with the auction websites are they make fairly rare items common, by ease of being able to find them... which makes the price low if there isn't much demand. Those items where there is very short supply, or very high demand just seem to go into outer space though.
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Pillar of the Community
United Kingdom
2135 Posts |
NorthSideTy,
How do you know these are genuine and not fakes, or doesn't that matter ?
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Pillar of the Community
United States
6130 Posts |
At least with the Gadhaiya Paisa and the Western Satraps, the most basic test is that they are silver. I have seen HUNDREDS of different dies used--not aware of any counterfeiting ring that would take the trouble of making 500 dies to strike 2000 coins, especially not in real silver when half of them sell for $5 each.
If a seller has a dozen of exactly the same coin, yeah steer clear.
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Valued Member
Canada
204 Posts |
Pertinax,
Based on the pictures the seller provided, the coins look OK to me. These types of coins are fairly cheap, so, would they even be worth reproducing/faking?
I'll just make sure they're silver. Worse come to worst I will return them, no big deal! If the coins were more expensive then I would generally ask for more info. and do more research.
Finn, I couldn't agree more!
Edited by NorthSideTy
10/11/2016 7:21 pm
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Replies: 11 / Views: 1,203 |
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Posted 10/06/2016 4:53 pm
