High prices for common ancient coins

Discussion in 'Ancient Coins' started by Valentinian, Aug 28, 2020.

  1. Steelers72

    Steelers72 Well-Known Member

    The auctions have been commanding very strong prices. And when you finally win a coin, and pay the inflated prices, you’re slapped with a 20% buyer’s fee and state% tax.
     
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  3. DonnaML

    DonnaML Well-Known Member

    As far as I'm concerned, these Ebay sellers of common slabbed ancient coins at exorbitant prices are deliberately preying on the gullible and ignorant. Unfortunately, as long as there continue to be willing buyers at those prices, they'll continue what they're doing. Because no, the government isn't going to impose price controls on slabbed ancient coins! And no, it isn't fraud, because value is an opinion, not a fact -- and, ultimately, is whatever a willing buyer pays a willing seller. Fortunately, there are still plenty of dealers who sell raw ancient coins at reasonable prices. Too bad Ebay doesn't let competitors -- or knowledgeable collectors -- post comments about these coins, warning people about how overpriced they are. That would be characterized as intentional interference with prospective contractual relations!
     
    PeteB, Roman Collector, Orfew and 2 others like this.
  4. Ocatarinetabellatchitchix

    Ocatarinetabellatchitchix Well-Known Member

    In another area, a baseball card of Mike Trout sold for 3.84 millions $ 5 days ago. The seller bought it for 400,000 $ in 2018... A friend of mine who collects sportcards told me the prices increased around 250-300%
    since February... You tell me, is there something wrong in the water ???
     
  5. David@PCC

    David@PCC allcoinage.com

    According to NGC population guide, that Constantinopolis is the highest grade for that coin out of a total population of 458. Of course there are thousands like it in the market that are not graded which makes this one 4 or 5+ times over priced. Reminds me of tulips circa 1636.

    Suppose I should add my ~35 dollar example from Victor
    ri238.jpg
     
    Alegandron, Co1ns, Herodotus and 4 others like this.
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