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Roma Sold A Complete UK Hoard, Would You Break It Up?

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louisvillekyshop's Avatar
United States
1304 Posts
 Posted 06/28/2018  9:42 pm Show Profile   Bookmark this topic Add louisvillekyshop to your friends list Get a Link to this Message Number of Subscribers
Here is what Roma said about this listing. And they got 6000 Great British Pounds for it, it did sell. But if you broke it up would you have been better keeping it together forever and passing it on to your kids someday? (No I did not buy this.)

Description From Roma:

Late Roman Hoard of 12 AR Miliarenses and 28 AR Siliquae. Found in Hampshire over several days in August 2014 (PAS ref.: GLO-9D7F36), with further finds being made in the same area between September and November 2016 (PAS ref.: GLO-794BD4).

Many of the coins are buckled or fragmentary; probably damaged during ploughing. The latest coin is not fully legible but takes the hoard just into the joint reign of Honorius and Arcadius. If so, this sole specimen would place this hoard near the beginning of the sizeable body of British siliqua hoards, which end with the period AD 395-402. Furthermore, the siliquae in this hoard are virtually unclipped ('clipping factor 1' just possible on one specimen) and this, together with the presence of miliarenses alongside the siliquae, supports an earlier date for the deposition of the hoard, before the AD 395-402 coinage had much chance to spread into circulation.

The hoard comprises as follows:

Miliarenses:
4x Valentinian II, 4x Valens, 2x Magnus Maximus, 1x Gratian, 1x Theodosius I.

Siliquae:
9x Valens, 6x Gratian, 5x Valentinian II, 2x Arcadius, 2x Valentinian I, 1x Eugenius, 1x Magnus Maximus, 1x Theodosius I.

and 31 assorted fragments."


Roma-Sold-A-Complete-UK-Hoard,-Would-You-Break-It-Up?
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echizento's Avatar
United States
23731 Posts
 Posted 06/29/2018  01:13 am  Show Profile   Bookmark this reply Add echizento to your friends list Get a Link to this Reply
I think based on the damage to some of them selling the hoard in one lot probably brought in money money than selling one or two coins at a time.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 06/29/2018  03:36 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Cash flow and quick turnover would have been the main motivation in this case.

If a business buys for inventory, the money is tied up until each item sells individually.
Could the tied up money over the inventory period for each coin be better invested elsewhere? Only the dealer can answer that question.

The increased marketing costs and lost investment opportunity cost over the inventory period has to be justified by keeping them. They then have to be sold individually, by increasing individual prices, to cover marketing and lost investment opportunity costs.

It didn't work out that way for the dealer in this case.
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1554 Posts
 Posted 06/29/2018  04:27 am  Show Profile   Bookmark this reply Add Kushanshah to your friends list Get a Link to this Reply
Few of the coins are in collectable grade and most have little value individually. As a hoard officially registered with PAS, there is academic value in the assemblage. The whole is greater than the sum of the parts.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 07/01/2018  7:52 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I think there is still the possibility that the hoard may still be broken up by a buyer. There would be happy buyers out there, if individual coins were made for sale.
I can see the reason why this thread was started by the OP.
Edited by sel_69l
07/01/2018 10:16 pm
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