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Need Help Figuring Worth Of Ancient Roman/Greek Coins, Bid Situation

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Crazyb0's Avatar
10197 Posts
 Posted 10/28/2017  10:13 pm Show Profile   Bookmark this topic Add Crazyb0 to your friends list Get a Link to this Message Number of Subscribers
Hey fella. Just getting into this area, testing the waters right now. I see ancient coins every now and then come up in some of the estate and coin auctions I frequent. If someone could give me a ballpark range for what these roman coppers and silver coin generally go for I would appreciate the help. Currently the coppers are at $9.00 and the tetradrachm is $40. This auctions charges an outrageous BP of 20% which I adjust my bidding accordingly. I probably won't bid, end of month, short on cash, but am trying to learn this game. Thanks
Need-Help-Figuring-Worth-Of-Ancient-Roman/Greek-Coins,-Bid-Situation
Need-Help-Figuring-Worth-Of-Ancient-Roman/Greek-Coins,-Bid-Situation
Need-Help-Figuring-Worth-Of-Ancient-Roman/Greek-Coins,-Bid-Situation
Need-Help-Figuring-Worth-Of-Ancient-Roman/Greek-Coins,-Bid-Situation
Edited by Crazyb0
10/28/2017 10:22 pm
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Spence's Avatar
United States
34423 Posts
 Posted 10/28/2017  10:47 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
@crazyb0, glad to see you getting a little interested in this stuff. Others can comment on pricing, but I would say that the Alexander Tets have been widely faked, so be careful about what you buy. Here is an informative website on them:

http://rg.ancients.info/alexander/tets.html
"If you climb a good tree, you get a push."
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"The danger we all now face is distinguishing between what is authentic and what is performed."
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Kamnaskires's Avatar
United States
7066 Posts
 Posted 10/28/2017  10:59 pm  Show Profile   Bookmark this reply Add Kamnaskires to your friends list Get a Link to this Reply
Good advice from Spence, although I suspect this tet is okay. Babylon mint, possibly a very well worn, tiny "MI" in left field near Zeus' knee, wreath with monogram below throne.
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Finn235's Avatar
United States
6130 Posts
 Posted 10/28/2017  11:06 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
I probably wouldn't pay more than $10 for the four LRB's... the emperor on galley FEL TEMP is a slightly more desirable type, but the rest are culls or at least in need of a good cleaning.

I agree that nothing shouts fake about the Alexander tet... I've been watching auctions of these recently and the posthumous types (with Zeus' legs crossed) tend to go for maybe $150-250 in this condition. With bidding at just $40, I would put in a $100 ish bid and see where that gets you.
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10197 Posts
 Posted 10/28/2017  11:18 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
What would then be the limit on the Tet, sounds High $ item. These are part of a long time collector in Iowa apparently, most of the other stuff has been of fairly good to excellent quality, don't anticipate any fakes, but one never knows anymore, as one cynic said to the other when the Titanic went down...ya know, famous last words...



Better watch out, if I hang out here too much I may infect you too...
Edited by Crazyb0
10/28/2017 11:20 pm
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Kamnaskires's Avatar
United States
7066 Posts
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Crazyb0's Avatar
10197 Posts
 Posted 10/28/2017  11:59 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
Thanks Bob, that's what I was wondering. Little too rich for my blood. If any of you want to try here's the auction and site:

https://www.proxibid.com/aspr/Alexa...7&rfpb=0#Top

Just beware, BP on this is 20%, I usually run fast away from any of these, just that the quality of item has bee good.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 10/29/2017  03:35 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I have only one Alexander tetradrachm, in below average condition.
Most of the time, there a fair few of these out there for sale.
Go for a reputable dealer offering, ebay or otherwise.

I would gather information on perhaps 20 to 30 common examples, and graph the sold price VS. grading.
I would see where the coin I was considering fits into this graph, and if above or below a line of best fit trend line.
A form of due diligence known as 'price research'.
NEED to take the date when sold into account, to allow for price trends VS time.

Vcoins is a good place to start.

Other forms of due diligence include provenance on the coin I would be considering, and authentication.
Edited by sel_69l
10/29/2017 03:56 am
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echizento's Avatar
United States
23731 Posts
 Posted 10/29/2017  2:29 pm  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
I agree that the LRB's are a few dollars each. The posthumous Alexander tet is a nice coin, parts of the legend are missing on the reverse which will effect the value a little. Overall though the wear isn't too bad. I would say $200 would be a good value, $250 would be getting very close to the top range.
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Crazyb0's Avatar
10197 Posts
 Posted 10/29/2017  2:54 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
Well, guess I missed a deal, sold for $80 + BP 0f $16=$96 Others went for $13 + $2.60 to an on=site bidder... meaning dealer who knows. Will see these on resale somewhere

Edited by Crazyb0
10/29/2017 2:56 pm
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Finn235's Avatar
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6130 Posts
 Posted 10/29/2017  2:59 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
Yeah, that was a steal for the Alexander tet; the buyer paid too much for the LRB's IMO.

Plenty of other deals out there to be had, though!
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10197 Posts
 Posted 10/29/2017  3:54 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
Thanks for all the help. Need to be edjukated in this area a bit before I go "Fast and Furious"!
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