Need Help With A Big Collection - Coin Community Forum

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Author	Replies: 8 / Views: 1,119
ausmodius New Member United States 4 Posts	Posted 02/18/2019 12:21 pm During the Korean War our Grandfather was stationed in Turkey and farmers on occasion would dig up coins. They would bring them to him and he would buy them from the farmers. He would them put them in his old socks, tie them up and send them home. We have over a thousand coins and a huge task of identifying, and placing a worth on them. I am hoping to get some help here. Here are a 2 of them. Report this Post to the Staff

Jlam79 Valued Member United States 264 Posts	Posted 02/18/2019 12:30 pm I want to see what the guys say. Report this Post to the Staff
echizento Moderator United States 23731 Posts	Posted 02/18/2019 1:04 pm to the community Te second coin is a Byzantine Class G Anonymous Follis attributed to Romanus IV 1068-1071. Report this Post to the Staff
chafemasterj Pillar of the Community United States 6514 Posts	Posted 02/18/2019 1:24 pm ..... Check out my counterstamped Lincoln Cent collection: http://goccf.com/t/303507 Report this Post to the Staff
Kamnaskires Pillar of the Community United States 7066 Posts	Posted 02/18/2019 1:46 pm Kings of Cappadocia for the drachm, perhaps Ariarathes IV or V. Some similar: https://www.acsearch.info/search.html?id=5294516 https://www.acsearch.info/search.html?id=448152 https://www.acsearch.info/search.html?id=1937227 Report this Post to the Staff
louisvillekyshop CCF Advertiser United States 1306 Posts	Posted 02/18/2019 2:00 pm Well "worth" is what time you wish to put into coins like these. In an open auction because you have to sell and can't consign the whole lot to an auction house you are looking at a price like this realistically for the silver coin: (The coin below has a pedigree from an auction house in Europe listed so persons bidding trusted the coin and that the is worth they gave it in an open auction.) https://www.ebay.com/itm/CAPPADOCIA...047675.l2557 That said if you were willing to set a minimum price and wait a few months for a buyer who wanted this coin to come along you can easily get twice that. The one thing you can't do is go to a local coin shop like you do with american coins and hope a person can help. There are plenty of collectors but very few in any one town and this is going to have to be an online auction either by a professional house or yourself. Edited by louisvillekyshop 02/18/2019 2:01 pm Report this Post to the Staff
Ben Pillar of the Community United Kingdom 4208 Posts	Posted 02/18/2019 2:52 pm 1000 coins to identify? Sounds like quite the challenge - but with that many coins, there's almost certainly going to be some really interesting ones in there. Value is hard to place, but you might have success taking the whole lot to an auction house (they'll pull out anything of great value and should spot the obscure things too). I'd be careful telling that story though - the Turks might have some laws on antiquities that your Grandfather has circumvented and auction houses might not want to get involved. Report this Post to the Staff
louisvillekyshop CCF Advertiser United States 1306 Posts	Posted 02/18/2019 4:14 pm Well your circumstances matter as well. You say your mom and dad own these and they are in a jar. If you have the time open an account on ebay and sell them after you research each piece over the next year. That is the best way to get any money. (The religious medals, rings, etc buttons, they need to be separate from the actual coins. Collectors only want what they are bidding on and you give the other thing away free. Like selling a pair of fashion womans shows and a cell phone, either the cell phone buyer gets a pair of shoes free or the shoe buyer gets a phone they don't want.) Or find someone you trust and cosign with them for a fixed percentage of the sale price. Would be great if you could have someone who knows ancients look them over and make you an appraisal, but any person with a coin business can only offer you half of what your coins will sell for with them as with all the fees the seller shoots for a 30% profit. As with anything in life, slow and careful if the best approach. Report this Post to the Staff
Sap Moderator Australia 16831 Posts	Posted 02/18/2019 8:02 pm Quote: ...the Turks might have some laws on antiquities that your Grandfather has circumvented... They do. Turkish law states, and has stated since 1884, that any ancient artifact found in Turkish soil belongs to the State. However, prior to 1973, these laws were more of a philosophy than an actual prohibition, with very vague definitions on what an "antiquity" was and with little enforcement on the ground, particularly in regard to small, common, easily removable artifacts such as coins. The newer 1973 law is quite explicit about coins: any coins older than the reign of Ottoman Sultan Abdulmecid I (AD 1839) found in Turkish soil are illegal to sell to foreigners or to export. However, for coins extracted under the circumstances stated by the OP (i.e. during the 1950s), Western coin dealerships should have no fear: antiquities removed prior to 1970 are not covered by the UNESCO Convention. A final word of warning: be prepared to be told that not all the coins are genuine. "Selling fake ancient coins to foreigners" is a scam that has been running in the Middle East since before the Crusades. While selling genuine ancient coins to foreigners is a crime, selling fake ancient coins is perfectly legal, and they have no legal compulsion to tell the person buying them that they are fake. As a result, a random stranger in Turkey offering to sell ancient coins is quite likely to have been selling fakes. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
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