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<p>[QUOTE=&quot;IdesOfMarch01, post: 1950207, member: 39084&quot;]While it seems to me that most coins sold in higher-end auctions end up in the hands of collectors, many are purchased by dealers looking to resell the coins either privately or via their stores (online/retail).&nbsp; I&#039;ve found it interesting to follow these coins occasionally to gather insight into retail markups, as well as whether a coin offered at a high-end auction was undervalued and/or simply missed by potential collectors.</p><p><br /></p><p>In the past few months, I&#039;ve noted three of these coins, the most recent of which is an aureus of Tiberius:</p><p><br /></p><p>[ATTACH=full]341675[/ATTACH] </p><p><br /></p><p><i>Aureus, Lugdunum 14-16, AV 7.69 g. TI CAESAR DIVI – AVG F AVGVSTVS Laureate head of Tiberius r. Rev. DIVOS AVGVST – DIVI F Laureate head of Augustus r., six-pointed star above. C 3. BMC 29. RIC 24. CBN 1. Calicó 311. Very rare. Two very attractive portraits unusually well-centred on a very large flan, minor marks in field and on edge, otherwise about extremely fine </i></p><p><br /></p><p>This coin sold in late May at the NAC 77 auction for around $16,000 including the exchange rate and buyer&#039;s commission.&nbsp; While it&#039;s a good coin, and refreshingly different from the very common PAX seated reverse, I was somewhat surprised to see it listed for resale at $35,000 when I was browsing VCoins&#039; dealers&#039; current offerings!&nbsp; </p><p><br /></p><p>It seems to me that this coin might have been undervalued by potential bidders at NAC 77 (although it appears a bit worn for &quot;about EF&quot;) and was a bargain at its hammer price, but I wonder whether the current dealer asking price is more than a bit high...[/QUOTE]</p><p><br /></p>

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