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<p>[QUOTE="dougsmit, post: 1347516, member: 19463"]Ancient coins changed weight standards with some regularity resulting in some issues being hoarded not long after production. Large sums that we would pay on credit cards or checks were represented only by coins so, for example, an Athenian tetradrachm might have never been spent as a single but have been in jar of 1000 and buried in new condition. A few ancients circulated for 100 years and got worn out but many did not. Given that there were millions and millions made, a percentage made it as struck. Coin dealers don't show the 90% that suffered badly as often as they do the 10% that are good looking so we may forget that there once were many more that did not survive being melted as bullion. Within the last century we have seen some poor grade silver ancients sold for about their metal value. Since the dogs were not legal tender any more and not in demand by collectors, they got melted. I collected for 30 years before I ever saw coins of the grade Randy shows above. Now there seems to be a demand for them that was not as common before the eBay era.</p><p><br /></p><p>I suspect there are many other factors not mentioned here but that is what comes to mind.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 1347516, member: 19463"]Ancient coins changed weight standards with some regularity resulting in some issues being hoarded not long after production. Large sums that we would pay on credit cards or checks were represented only by coins so, for example, an Athenian tetradrachm might have never been spent as a single but have been in jar of 1000 and buried in new condition. A few ancients circulated for 100 years and got worn out but many did not. Given that there were millions and millions made, a percentage made it as struck. Coin dealers don't show the 90% that suffered badly as often as they do the 10% that are good looking so we may forget that there once were many more that did not survive being melted as bullion. Within the last century we have seen some poor grade silver ancients sold for about their metal value. Since the dogs were not legal tender any more and not in demand by collectors, they got melted. I collected for 30 years before I ever saw coins of the grade Randy shows above. Now there seems to be a demand for them that was not as common before the eBay era. I suspect there are many other factors not mentioned here but that is what comes to mind.[/QUOTE]
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