You are quite correct, but it's not just con shops. Let me give you an example Galen. Have you ever heard of CNG, Classical Numismatic Group Inc. ? They are one of the most well known and prestigious dealers and auction houses there is, specializing in Classical, Medieval, and British numismatics. https://www.cngcoins.com/About+CNG.aspx Well approximately 12-13 years ago I was searching through upcoming auctions all over and ran across a coin in one of their auctions. This is the coin I found - Now you would think that a firm like CNG would know what that coin was, however they had it attributed incorrectly in their auction literature. At the time, there were only 2 examples of that coin known to exist in the world. But yet I recognized it, I knew what it was. So I put in a bid and got it for a song. The point is if CNG, with some of the most knowledgeable numismatists there are on their staff, didn't recognize the coin then how many coin dealers at coin shops do you think there are who would recognize it ? That's the same kind of thing you're talking about that happened with your coin. I'm not sure why but a lot of people have this idea that coin dealers are supposed to be very knowledgeable, but the sad fact is most of them are not. Most of them know the general things, common coins mostly, and some even specialize. And if they specialize they may know that field very well. But when it comes to other things, they don't have a clue. They often, very often even, don't know near as much as the collectors do.
you could have said it was sold for that price. from what I saw is that you just got it valued at that price. most coin shops deal with mostly U.S. coins. not world coins. my coin local and only coin shop is like this. Now when I go to coin shows in Vegas there are very knowledgeable world coin dealers there to ask about world coins.
That's what I meant. Somebody is standing by that Krause price. Oh look, it's Krause! Thanks for understanding it, @sakata.
Fortunately so. If we had to pay for "our" coins what you pay for yours, collecting would not be fun for me any more. Christian
What is the correct attribution on that lovely coin, BTW? A curious mind here that just fell in love with it wants to know...
Thank you all, it's been a partial eye opener, I really love foreign coin, drives me nuts to be low balled on a coin you know is worth 2,4,5,10,100 times whats offered, but as one said, it's a buyers mkt. not a sellers. oh and yes looks just like a Belges 5 franc but has Congo on the obvr. I thought 50-55 grade raw, it's slabbed and 64 and somewhere in Europe, not many made circulation.
It is an 1583 Netherlands Rose Noble, struck at the Gorinchem mint, Delmonte number - 825bis. As an interesting note, it is listed in Delmonte as there being 2 known examples, with the possibility of a 3rd that was unconfirmed. I had thought that I had got lucky and stumbled across that 3rd example. However, in the years that followed between me and one of my students we managed to find 4 more of those coins, for a total of 7 known to exist. But since Delmonte is considered to be the Bible for these coins that information has never been updated in any publication outside of this forum, at least not to my knowledge. For there has never been another book written that covers these coins. And all of the generalized coin catalogs, they all copy Delmonte.
Thanks, Doug. I looked it up and found your thread from 2004. One has to know about more than doubled dies to collect these babies, I see. Very nice one.
Roger that. I love the old, red-blooded American hayseeds who have sold me key date South Korean and Japanese modern coins for 1/50th of their value. The problem is, they are starting to catch on!
Yeah, I'd have to agree here: What U.S. coin dealers have done (mostly) is what the American Numismatic Association recommends that we all do: Specialize. Get good at knowing one thing (in this case one country's coins, the USA, or series of coins), and try to know it as well or better than the people from who you buy those coins! The simple fact is that there are far too many countries in the world... and we all can't have the same interests. If we did, there wouldn't be any flavor in this world. And fewer cherrypicks.
Exactly, and just the same thing you and I do as collectors, because we'd be completely overwhelmed if we tried to know everything.
At the time paid $1800 for it, which was a good bit below what was top dollar for the common versions of the Rose Noble. As for value today - I have no idea but I feel pretty safe in assuming it is considerably more than that !
