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A Kyzikos hemi-obol. Thoughts about rarity.
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<p>[QUOTE="zumbly, post: 3837372, member: 57495"]I find that it's hard to ever talk about rarity without also considering desirability. The ongoing sales of BCD's Thessalian coins have been instructive.</p><p><br /></p><p>This small bronze of Pherai struck by the tyrant Alexander is distinctive, historically interesting, and while scarce, has never been outright rare. This particular example, described as "Good VF... exceptional for issue", hammered for $2000 in 2011. </p><p><br /></p><p><img src="https://cngcoins.com/photos/enlarged/87000422.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>This other example, in 2013, went for $1900:</p><p><br /></p><p><img src="https://cngcoins.com/photos/enlarged/3110308.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p><br /></p><p>Examples in lower grades sold around the same time still fetched between $500 and $900. </p><p><br /></p><p>Fast forward a few years later to the BCD sales ongoing since 2016, and the type seems to have become a fair bit more common, and apparently A LOT less desirable. This "VF" I picked up in 2017 hammered for $80.</p><p><br /></p><p><img src="https://cngcoins.com/photos/enlarged/4050109.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p><br /></p><p>Some others have gone for as little as $55 before fees. If those "exceptional" coins were sold today, would they fetch anywhere near $2k? Or closer to $200? Grade and rarity are both important, but desirability trumps all. As a collector, I'm happy when types I desire become less desirable to everyone else.[/QUOTE]</p><p><br /></p>
[QUOTE="zumbly, post: 3837372, member: 57495"]I find that it's hard to ever talk about rarity without also considering desirability. The ongoing sales of BCD's Thessalian coins have been instructive. This small bronze of Pherai struck by the tyrant Alexander is distinctive, historically interesting, and while scarce, has never been outright rare. This particular example, described as "Good VF... exceptional for issue", hammered for $2000 in 2011. [IMG]https://cngcoins.com/photos/enlarged/87000422.jpg[/IMG] This other example, in 2013, went for $1900: [IMG]https://cngcoins.com/photos/enlarged/3110308.jpg[/IMG] Examples in lower grades sold around the same time still fetched between $500 and $900. Fast forward a few years later to the BCD sales ongoing since 2016, and the type seems to have become a fair bit more common, and apparently A LOT less desirable. This "VF" I picked up in 2017 hammered for $80. [IMG]https://cngcoins.com/photos/enlarged/4050109.jpg[/IMG] Some others have gone for as little as $55 before fees. If those "exceptional" coins were sold today, would they fetch anywhere near $2k? Or closer to $200? Grade and rarity are both important, but desirability trumps all. As a collector, I'm happy when types I desire become less desirable to everyone else.[/QUOTE]
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A Kyzikos hemi-obol. Thoughts about rarity.
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