Is this coin worth 1600 euro?

I never collect nor own any pre-Constantine coin.

This coin is of Diocletian:


64 bids and started from 10 and the hammerprice ended with 1600 Euro.

I just want to ask: is this a rare coin? or was it just two idiots who made the hammerprice to reach so high?

 

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ask @panzerman. he might know...

 

..1600?....not to me it aint'...

 

It does not matter what everyone's opinions are. THOSE bidders in THAT auction feel that it IS worth that price, and possibly more.

If it is NOT worth it to you, step aside. Do further research, and decide if you want to enter the bidding or not.

However, I do not like posting or commenting on upcoming or ongoing auctions. It meddles with the bidding, should members of this forum are trying to win the coin.

 

Whatever some one is willing to pay, is what a coin is worth. Objectively, it seems to be a rare type ('sehr selten') with a var bust type (does not appear on acsearch), and a pretty one too.
Maybe it is the long sought after coin by a collector who specializes in Diocletian. And this specific coin finalizes his collection. Whoever won it, congratulations and I hope that person is very happy with it.

 

The auction had ended at the time of the OP. Legitimate concern, but not applicable here.

 

RIC 281 ? Rare coin. Beautiful portrait. Wouldn’t call them idiots. What Limes said: the coin is worth whatever someone is willing to pay

 

I had bid on that coin early on. Beautiful coin. Assumed I wouldn't win it. I had expected the price to drop off around $150-200.

I bet the consignor is doing cartwheels right now.

BTW, did anybody bid on or win any of the rings? I came away from that auction with just two cheap coins, but I was pretty close to winning that red carved stone ring, and the silver ring with Sol right after. Probably would have gone for it, but I won a few nice rarities at Savoca as well.

 

Beauty is in the eye of the beholder. In many ways it is a spectacular coin for its type. So if you really want it - go for it I would say.

 

Its the finest example I have ever seen personally, and they dont come up that often. When you have an example of the finest quality condition wise and style wise, the sky is the limit as long as there are a minimum of two serious bidders. I would have dropped out between 500 - 600 Euro personally (my max wold have been about 750 after juice), but I am not a serious collector of late period Roman. If this were in a Triton auction nobody would have been surprised at all.

 

I think it is good and encouraging that new auction houses get this kind of interest and get the chance to earn for themselves and their consignors. It's encouraging for other dealers and collectors wannabe dealers to move out of ebay and pursue a more curated venue for their coins.

 

I wonder what it would have fetched without the roughness in the middle of the reverse?

It seems a lot of us noticed this coin. I was surprised at the hammer too, but it is a truly spectacular example. I don't think I've ever seen a more pleasing portrait of Diocletian, and the reverse type is rare and very cool.

 

It sure is. Two people wanted the best and only one of them got it. Two figures on the reverse is common; three with Victory in the middle is rare. Had that one been a bit less close to perfect it would still be worth 200 or 300 euros. I got one, far from that nice (and far from that price), from @Brian Bucklan years ago.

 

So it was a rare coin. Amazing.

 

And this is the continuing challenge among all collectors...trying to determine not only what our personal evaluation (read: value) is, but also that of our competitors.

Whenever I've lost out on a bid, I always responded with one of the following:

"No problem, it was really nice, but another will come along. I just have to have patience."

or

"Damn, why didn't I bid higher? I'll never find another as nice as that one, & it was perfect for my needs."

Usually, it's the second one!

 

At times there is a third response:

"Whew, Thank God someone bid higher than my max. I really didn't want to pay that much!"

 

Well, (& maybe because unfortunately I may not have realized it) I don't think that scenario has happened to me.

 

This is usually my feeling, though as a distracted collector with absolutely no focus whatsoever I really dont miss much as some other new shiny object always comes along. They always do.

 

Sometimes there is a fourth response such as okay I made a bid. Did I really want to bid that much. Come on somebody put in a bid.
Or even a fifth response. I have just been out bid about a half a dozen times. oh look this coin I like it and I am going to try to get it even though I have done absolutely no home work on it.
A. Postumius Albinus Ar Denarius Obv. Head of Hispania right Rv Togate figure standing left saluting flanked by legionary eagle and fasces Crawford 372/2 RBW 1393 This coin illustrated 3.84 grms 18 mm

 

Just curious - which auction house sold the OP?