why so low?? I don't understand how something that old can be worth so little. I wouldn't even sell it if it were mine...
what do you think a circulated 1992 (common year, for example) Lincoln memorial cent graded...IDK...lets say a F-12...would sell for in 2,000 years from now? stainless
well, I don't suppose there were as many coin collectors back in the 4th century as there are today, or that there were as many of those pieces made as there were cents in 1992, but I guess I can sort of see what you're saying. but i mean, come on...they didn't have slabs or ways of protecting coins (well) until fairly recently. I still think it's amazing that they've survived...
well here is the thing: There are many coins that have been produced n ancient times that were almost (if not as) common as our cent is. also, How many 1992 cents graded F-12 are in slabs...or even collected? they will be very common, as the widows mite (for instance) is for ancients. Also, if you look, a lot of ancients go for a pretty nice chunck of change...you just have to find nice ones that are rare and emperors with little coins made of them. for example...a AGE is A LOT more gold than what is in ancient gold...yet alot of them tiny ancient gold coins sell for more than the AGE. it is all about supply and demand. stainless
that makes sense, I didn't know they made as many coins as we make cents. pretty cool though, I'd take any ancient coin no matter what the condition = )
A lot of people fail to realize that the Romans had a fully monetized economy. That's what this small bronze coinage illustrate, particularly when accompanied by a flourishing coinage in gold and silver, as with the first coin you show. Gold and silver are large denominations, equivalent at the time to 100 or 1,000 dollar bills. Soldiers were paid with them. Barbarians were bribed with them. But the bronze? Small change that bought bread in the market, just like you.
they dont always have to be rare or in good condition to be expensize though. just poopular. like Athinian tetradrachms.
Let me see if I can make a better illustration for you to help you understand. Now this coin isn't an ancient, but it is quite old - minted in 1364. There were only 82,000 of them made from this particular mint. And it was made for a very special reason, to pay the ransom for a King that was being captive by his arch enemy the Black Prince. Also, to add just a little more, this particular coin was the finest example known to exist when I owned it. Now knowing all of these things, what do you suppose I paid for it ? (those of you who know, hush)
GDJMSP - I'm taking a wild guess that you got it fairly cheap - 250$? About the late Roman coins versus US cents: I looked up the mintage for US cents in the 90's, and saw 4-5 billion minted every year. Considering that Roman coins were made by hand labor, I doubt there are any example of a Roman coin minted in more than a couple of milloin examples, maximum. Still, many coins are fairly "common", but that is, as mentioned, a question about supply and demand. I really believe that the demand for late Roman coins is rising, and that prices will continue to rise on nice examples, even the most common ones. The large volumes of uncleaned coins dug up in eastern Europe and sold on the internet seems to have attracted many new collectors, who after a while will look for upgrades and additions to their collection of self-cleaned coins. Many of the coins found in the uncleaned lots are ruined, or will be ruined in the cleaning process, and eventually no new lots will be found. I'm already surprised by the prices late Roman coins in nice condition sell for at CNG auctions a.o. The uncleaned lots have nearly doubled in price during the 3 years I have been collecting too.