Bid on my first Ancient Coin tonight, Heritage Live

Discussion in 'Ancient Coins' started by geekpryde, Jan 15, 2015.

  1. geekpryde

    geekpryde Husband and Father Moderator

    Well, I had two firsts tonight.

    I tried Heritage Live, and actually bid LIVE which I've never done before, ever. I've only ever used proxy before. This particular auction did not have video. The lots are VERY fast paced, like a few seconds each!? I thought I would be sitting around awhile, and bam, my lot was up.

    I also placed a serious bid on an....drumroll.... Ancient Coin! :jawdrop:

    As far as I can tell, I was the under-bidder. The winning bid being only $5 more than my live bid.

    Anyways, this may seem very pedestrian to all you Ancient guys, but to me it was a big deal so I thought I would share. While browsing for CAC coins at work today (shhh!), I came across an absolutely stunning NGC graded coin from CARIAN ISLANDS. Before you say buy the book first, I have in my possession two into books on ancient coins from the ANA Library. (not finished yet :bookworm:)

    I loved the design on both sides, plus it was incuse, plus it appears to be very well preserved. My wife would have really liked this coin as well. You get my point, it was love at first site and it was even within my budget.

    Here goes:

    lf0699NXT9.jpg

    lf.jpg

    So I lost, but still made me feel like a school boy! So, for a total ancient newb, did I pick a good first coin? Or is this like the lamest ancient coin you've ever seen?
     
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  3. harris498

    harris498 Accumulator

    Not that I know a thing about ancients, but I'm strangely attracted to the coin, too.
     
  4. zumbly

    zumbly Ha'ina 'ia mai ana ka puana

    Beautiful, beautiful coin... it would have made a great first one. I don't have one of these but have glanced at many of them... that example is very nice indeed!

    Not having been in the hobby of ancients for all that long (two+ years), I can still freshly remember the shivery-handed rush of my first time bidding live online for a coin. I hope you win your first ancient soon. Oh, and of course, post it when you do!
     
  5. icerain

    icerain Mastir spellyr

    Congratulations Geekpryde win or not. That coin in that conditions is by no means pedestrian. It is a really sweet coin, nice examples like that carry a high price tag. It would have been a very nice pickup.
     
    Mikey Zee and geekpryde like this.
  6. Eng

    Eng Senior Eng

    What drew me from modern to ancient was the Athena/ owl Tet. i finely got one and have added hundreds of ancient, once your hooked no turning back from the darkside.;) that coin you miss is a high grade beautie, i was under bidder on 5 coins in my last auction. one i bid over $100 the winner bid $1100, but only payed $220. i think he wanted that coin.
     
    Mikey Zee, swamp yankee and geekpryde like this.
  7. Whizb4ng

    Whizb4ng HIC SVNT DRACONES

    Does it make you feel dirty a little bit? Bidding on your first ancient coin? That's ok just take a shower. When you are done your 'dark side' card should be freshly laminated and the cookies should be out of the oven.

    That is a horrible first coin by the way. Just gross. You should seriously consider trading it...to me..for a late roman bronze. So I can love it and cherish it.

    Edit: I didn't realize that that was the coin you had lost. I thought you had bid and then so high on the joy went and snagged a coin. Bid harder next time dang it!
     
    Mikey Zee, swamp yankee and geekpryde like this.
  8. John Anthony

    John Anthony Ultracrepidarian

    It's a good choice to be sure. There are several documented forgeries of this type, so there's nothing wrong with a beginner looking for the assurance of authentication. Next time I hope you win!
     
  9. carboni7e

    carboni7e aka MonsterCoinz

    I'm waiting to find a nice MS coin for my first Ancient purchase. Can't decide between copper or silver!
     
  10. jwitten

    jwitten Well-Known Member

    I have seriously been searching ebay for my first ancient coin. I have a little left over ebay bucks, and after seeing some of the awesome coins here, I got the itch. I have mainly been looking at graded, as I know NOTHING about ancients. Do graded ones usually cost a lot more?
     
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  11. OldGoldGuy

    OldGoldGuy Members Only Jacket

    I caught the bug awhile ago too. And this coin "speaks" to me as well (seems to be a popular phrase around here. I don't know what you bid, but I would be bummed out if I lost by $5 too on that one. But, don't sweat it. There are lots out there. I have been frequenting the ancients forum a bit, tough crowd. My advice from semi noob to semi noob, collect coins that you like, for example, this one you showed us, and learn about them. The times they were created in, the political shifts during it's circulation, etc. I mainly collect Philip I coins as far as ancients go, but I have a thing for owls on coins....something ulterior about them.
     
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  12. randygeki

    randygeki Coin Collector

    Wonderful coin! This is a type I'd very much like to have, hopefully as nice as yours.
     
    Mikey Zee likes this.
  13. Pishpash

    Pishpash Well-Known Member

    Mine, bought a couple of months ago. I can't stop looking at it. It was accepted onto Wildwinds, I was thrilled to bits.
    Rhodes 20140128 obv.jpg Rhodes 20140128 rev.jpg

    EF Silver Drachm of Rhodes
    - Radiate head of Helios right
    ΑΝΑΞΙΔΟΤΟΣ P O - Rose with bud, snake on omphalos in left field
    Mint: (190-170 BC)
    Wt./Size/Axis: 2.55g / 15mm / -
    References:
    Jenkins 1989, 15
    HGC 6, 1457
    BMC 247
     
    Last edited: Jan 16, 2015
  14. geekpryde

    geekpryde Husband and Father Moderator

    I lost by $5, but I was at my max, and for all I know, the other guy was willing to go $100 more than my max.
     
  15. geekpryde

    geekpryde Husband and Father Moderator

    Thanks for all the comments guys. Seems like most of you agree, this is a compelling design, and fairly affordable compared to say Owls.
     
  16. John Anthony

    John Anthony Ultracrepidarian

    Yes. In the case of the OP coin, authentication is worth the extra outlay, particularly if you don't know what to look for as far as forgeries go. However, many dealers slab common coins, particularly Late Roman Bronzes, that don't really need authentication at all. Then they mark them up 3 or 4 times their raw market value.

    I'd be happy to vet any coins you may be interested in by PM, and I'm sure other members would be willing as well. If you post them in the open forum, there's always a chance some lurker will buy them out from under you.

    OldGoldGuy: yes, we're a tough crowd, but it's well-intentioned. We don't like seeing other collectors burned. And we're not really any tougher than some of the guys in the US forum. People presumably come to this forum to learn, and learning sometimes requires the blunt truth. I'm very grateful that the members of this forum were bluntly honest with me when I first joined.
     
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  17. Aidan_()

    Aidan_() Numismatic Contributor

    That's a really nice coin Pryde, to bad though... would of been nice to have. :shifty:
     
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  18. krispy

    krispy krispy

    When they have thousands of lots, a few seconds in Live is all they have time for to complete the auctions in a timely manner. If you log on and have a later Lot number, you will be sitting there a long while. When you know there is a Lot you want to bid on in LIVE it will give you some alerts when it's coming up. Also you can see the range of Lot numbers that will be in the Live session, so after a while you can start to get a feel for what time your Lot will come up. Unless there is a lot of Live bidding on a particular Lot, they are only up for a few seconds. If bids come in, then it extends that Lots time on the block before the hammer.
     
    Last edited: Jan 16, 2015
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  19. dougsmit

    dougsmit Member

    Rules vary from auction to auction but in most yo never can know if the second high bidder could have won with one more bid or if the winner was covered for another thousand or more. When I started in the hobby it was common to see dealers state clearly that 'Buy' bids would not be accepted. Sometimes they would received two bids from people who said, "I will bid one advance higher than the highest other bid you get." Now it is quite possible to bid $1000 and get a coin for what it was worth under $100 or to bid $1000 and lose to someone who bid the same number but did so a few seconds before you did.

    Another thread here discusses the small auction run by Frank Robinson. His prices realized are very unusual in that they give not only what the winner paid (one advance over the second bidder) but what that winner had been willing to pay if necessary. I note, for example, lot 8 sold for $375 on a bid of $1800. Yes someone really wanted that coin. I do not know why.
     
    Last edited: Jan 16, 2015
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  20. stevex6

    stevex6 Random Mayhem

    Wow, that's a great new Rhodes coin, my coin-friend ... yummy (congrats)

    Ummm => in "my" opinion you can't go wrong buying these sweet, sweet Rhodes examples!! (they're awesome!!)



    rhodesa.jpg
    rhodesb.jpg
    Rhodes AE10 a.jpg
    Rhodes AE10 b.jpg
    Rhodes AE Biggun a.jpg
    Rhodes AE Biggun b.jpg
    Rhodes Top view rose a.jpg
    Rhodes Top view rose b.jpg

    => welcome to the awesome Rhodes club (cheers)
     
    TIF, Mikey Zee, zumbly and 2 others like this.
  21. Nemo

    Nemo Well-Known Member

    Several of my first ancients were purchased from Forumancientcoins. Very honest dealer, great selection. What's interesting is that he will always take a coin back for a full store credit, no questions asked. I changed my collecting focus after a while, sent some coins back and instant credit to spend on different coins.
     
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