Discussion in 'Ancient Coins' started by Spargrodan, Jan 20, 2021.
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If ancient coins prices from the early 1980s don't seem very low now, even without adjusting them for inflation, then there must have been a huge jump in the previous decade. Because (again in nominal dollars, without adjusting for inflation), it seems to me that most of the prices in this Nov-Dec 1971 retail catalog I still have from Manfra, Tordella & Brooks (a NYC dealer back then) have gone up 5x to 20x since then. See below.
At the time I got this catalog, I was still in high school. I didn't collect ancient coins back then, and picked it up for the British coins. If only! Even on my modest weekly allowance, the coins I could have bought!
The reason behind this trend/ more of us have the $$$$ to spend on hobbies. Back in 1900, only industrialists/ nobility/ movie stars had that ability. In 2020, ordinary Johns like me can collect rare coins. I am sure back in 1900, most factory workers would have collected, if they had the spare cash after paying the bills. We are lucky today to have that chance. Others think that when the "Baby Boomers" sell off in next 30 years, that the tech saavy folks will not do much else but look at their boring smartphones. Soon they too will start collecting.
Having said that, I wish the opposite where true and that prices would drop back to 1980 levels, I still want to win lots of new and exciting coins in next 20 years or more. Would be nice to get MS Ptolemaic Oktodrachms for 5K
Can I ask you?
Those two byzantine coins are VERY common and cost about 20-40 Dollars today:
Did they still cost the same for about 20 or 30 years back then?
I doubt the top one is a 20-40 coin today, spectacular condition. Both, while common types, are very nice condition, which has been going up. Generically though, I think average condition Byzantine bronzes haven't really moved in 30 years.
Now you are here: A solidus of Heraclius costs about 300-400 dollars today. Can U tell me how worth it was for 20 or 30 years back then? Has it moved?
A solidus of Heraclius used to run $150 30 years ago. However, gold was $400-500 an ounce then versus $1800 today, so that would have an effect.
LOL, I like this.
Coin collecting, and Ancient Coin collecting is a Luxury Good.
It reminds me many years ago during my MicroEconomics course that I had a great professor who stated:
'What the heck is "Utility"? Let's be tangible... you don't always buy luxury goods for "Utility" - you buy them for the JOY! So, for the money you have, how many JOYS can you get?!?! '
It stuck with me throughout my Bidness career!
Is there some place one could see pricing for ancients in the 1500s/1600s? Like a book or something that collects the info?
Spot on. There's always a cost to sell and if you choose the wrong auction house, make that 50%
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