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Looking To Add An Ancient Coin

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usc96's Avatar
United States
291 Posts
 Posted 08/01/2011  01:29 am Show Profile   Bookmark this topic Add usc96 to your friends list Get a Link to this Message Number of Subscribers
I know nothing about ancient coins, but have my local coin show next weekend, and would like to add an ancient Greek or Roman coin to my collection.

What is a good starter coin? Would consider gold or silver. Preferably the size of a nickel or larger. Should be one that can be found in excellent condition. I like a bust with a helmet (Athena?) and an animal on the reverse (owl or horse). Pricewise, I would go up to $300 for silver, and maybe 1.5x melt for gold.

Should I look for certified? What coin(s) fit my description?

Thanks.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 08/01/2011  01:44 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
If you are STARTING into ancients with that price level I am assuming that you have a lot to learn. Because of this it is essential that you must rely on someone else's expert opinion to ensure that your proposed purchase is genuine.

Years down the track, you will be glad you did, and your first ancient acquisition will be a source of satisfaction as a result.

That means your first purchase should come from an ancients dealer whose reputation is above reproach.

It is a bit like buying a used Mercedes with an excellent log book history.

I have both.
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delaner's Avatar
United States
870 Posts
 Posted 08/01/2011  03:00 am  Show Profile   Bookmark this reply Add delaner to your friends list Get a Link to this Reply
Definitely find a solid dealer; one of the great things happening lately in the ancient market (at least from the newcomer's perspective - other opinions will differ substantially) is the sale of certified and attributed coins. I'd suggest buying something encapsulated in an NGC holder, but of course first get a price and find as many dealers as you can with that same exact coin (if possible) to get an idea of what a fair price is.

With a budget like $300, it won't be easy; the nice coins - and the ones "worth" encapsulating to the dealers - are those in a higher price range generally, but it least it should be a great learning experience.

Just keep in mind that there are thousands of varieties from a nearly 3000 years of coining all over the world. Pick a common variety (I'd say stick with silver that you see a few examples of around the show, if at all possible) and start from there. =)

Good luck! Post up what you get! =)
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sel_69l's Avatar
Australia
21786 Posts
 Posted 08/01/2011  07:45 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
A nice didrachm or a Corinthian stater? How about a nice sestertius?

Have a look at the 'VCOINS' website, in the 'search' option. The vcoins website has ancient for sale with a combined value of around $30 million.

If I am thinking of buying a particular ancient, I always check here first to find if my proposed purchase is good value or not.

This site has a very large number of reputable dealers from all over the World competing for your custom.

To be honest, I personally am not keen on ebay for ancients, unless the seller also lists as dealer on the vcoins website or has advertised in 'The Numismatist' or suchlike. And I really prefer to see the coin in hand before deciding, unless like I said, the seller's reputation is beyond reproach.
Edited by sel_69l
08/01/2011 07:52 am
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usc96's Avatar
United States
291 Posts
 Posted 08/01/2011  10:22 am  Show Profile   Bookmark this reply Add usc96 to your friends list Get a Link to this Reply
Thanks. I'll start researching ones in silver that strike my eye, then go from there. Fortunately I have a good network with my local coin club (we are hosting next week's show), so if I see an ancient coin I am interested in, I can ask for the expert in my club and double check to make sure I'm not making a mistake. Thanks again.
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Sap's Avatar
Australia
16827 Posts
 Posted 08/01/2011  7:45 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
I don't think you'll find too many coins that match all of your criteria, but you should still be able to find something that pleases.

For a "bust with a helmet (Athena?) and an animal on the reverse (owl or horse)", you're probably hoping for an Athenian "owl" or Corinthian "pony". Both are classic ancients with solid history, and reasonably plentiful. They're also both quite expensive, due to the demand. I paid $700 for my owl, and it wasn't in particularly high grade.

The Romans didn't make too many large silver coins. The standard silver coin of the Republic and early Empire, the denarius, was only about dime-sized. Denarii from the Empire's "golden age", roughly 100-200 AD, are cheapest; you can get a nice condition piece for less than $100 from most emperors of this period. However, they won't fit your size and design specifications. A denarius from the Republic period might be more to your liking, one like this, though the artwork usually isn't of the same quality as Greek classical or Roman Imperial.

The antoninianus (double denarius) of the early 200s is nickel sized and coins of the Philips and Gordian III are readily available in super-high grades, though the silver fineness is starting to fall by then.

As for gold, you might find mediaeval Byzantine and Islamic gold coins for 1.5x melt, but you won't find Greek or Roman. Even the commonest ancient gold coins usually sell for thousands.

For certification, most ancients collectors still don't like slabs. NGC will slab ancients and ICG used to, but finding an already-slabbed ancient probably won't be easy. For third-party identification and authentication, David Sear's ACCS is far more respected than the "mainstream" TPGs.
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
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delaner's Avatar
United States
870 Posts
 Posted 08/01/2011  11:34 pm  Show Profile   Bookmark this reply Add delaner to your friends list Get a Link to this Reply
by the way USC, I was just browsing stacks and they have some auction records of ancient coin sales - so that will give you some things to look at and some idea what people are willing to pay in the current market. Stacks is doing another ancient/world sale as part of Chicago ANA, I do believe. =)
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