Coin Show Finds 2 RR denarii and eye candy - Antoninus Pius / The Judgment of Paris

I attended a coin show for the first time since my 2nd covid shot on Feb 5th. The Houston Spring Coin Show (West Oaks Fellowship Event Center; 14440 Richmond Ave; Houston, TX) continues Saturday from 9AM - 3PM. I had a good time visiting with folks and picked up a couple of coins. The highlights for me were a couple of coins I did not buy.
Bill K (Nilus) offered some interesting coins. The best were:





Bill was proud of his Antoninus Pius / The Judgment of Paris. He said that in spite of the holes it is the best coin of this type he has seen. I found 4 an acsearch.

https://www.acsearch.info/search.html?id=4673301 ​

The cast As is excellent. I have a nice one and was not in the market... so you could pick it up tomorrow.
I bought the 2 denarii and will post them when I have time to take pick and do a bit of research.

 

Log in or Sign up to hide this ad.

They are nice coins - I recognise that Judgement of Paris coin from the last Naville auction:

https://navilleauction.auctionserve...der=order_num&xclosed=no&featured=no&key=2998

@ $29750, there's plenty of scope for bargaining!

ATB,
Aidan.

 

LOL. 45% desired profit... And people will still defend the practice saying hobbyists shouldn’t lose out against resellers in an auction.

 

Closer to 90% profit - if you double your money, the profit is 100%

I suppose if you missed it at auction, you'll be a while waiting for a better one!

ATB,
Aidan.

 

Once there used to be a code among dealers (at least here) that one should be careful with this practice of bidding up auction prices only to try to sell the coin again for even more. Now anything goes, and if you can defend yourself saying you don’t do anything illegal and you make money, then it’s good enough morals.
If anything will make me quit this hobby, it’s all the painted over greed.

 

Wow, that IS a stunning Æ drachm, to be sure, @rrdenarius, but I hope you'll write up the two new Republican denarii you added to your numophylacium. I look forward to seeing them.

 

One very important point everyone forgot to mention: at that price, the mummy comes with it.

 

Gotta factor in FX rate and buyers fee though. Hammered at 9,750 pounds. 9,750*1.4*1.195 to convert to dollars and factor in buyers fee.

So USD purchase price = $16,311.

Flip price of $29,750, profit $s then $13,439

$13,439/$29,750=45%

But to your second point no I don’t want the coin nor did I attempt to acquire it. Just frustrating seeing crap like this happen.

 

The problem I have with your calculations is that you're quoting the profit as a percentage of the selling price, not the purchase price. That would be a profit margin, while I'm referring to a markup or a profit percentage.

I factored in everything.

The hammer price plus 19.5% is £11,651.25. At today's XE exchange rate, that's $15,968.14.

Assuming it sells for $29750, that's 86.3% profit.

I didn;t mean you personally about the coin - I should have said "if one missed it".

As to the price itself - the CNG example from Triton XXI sold for $32500 plus fees, though it has a different obverse with a bare head and doesn't have holes.
Maybe the Naville price was a bargain and it's worth nearly twice as much - as with all coins, there's nothing forcing us to to buy them at the quoted or any price. It looks like Nilus have some wiggle room on price and can still make a big profit

ATB,
Aidan.

 

I feel like the massive holes should reduce the price, at least a little bit. The "mummy attachment" is complete hearsay, and has no evidence to support that's what it actually was used for.
Seems like a selling gimmick.