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<p>[QUOTE="Orielensis, post: 7380014, member: 96898"]Unfortunately, I have to generally agree that auction prices for ancient coins have risen drastically over the course of the last year.</p><p><br /></p><p>I am not sure, though, whether the coins you've shown are indicative of the current market situation. All of these are very rare and/or in an exceptional state of preservation. It just takes two bidders to whom $10,000 amount to nothing more than a nice tip to drive bidding on such coins up to insane amounts. This is something we have seen already before the pandemic.</p><p><br /></p><p>What I find noteworthy is that prices for more common ancients coins are equally on the rise. For example, I participated in the Tauler and Fau auction yesterday, and I once more won exactly nihil, τίποτα, rien, nada, niente, nichts, ничего, nothing. I didn't bid on exclusively rare one-of-a-kind Julius Caesar portraits but on an "about VF" Tarentum nomos with some mentionable flaws as well as some reasonably attractive Republican denarii. Yet, the former still hammered for €250, and the latter were not to be had for less than €100. That would have been insanely high in 2019, and to me is more worrying than the results on the Kuenker coins you posted above.</p><p><br /></p><p>I wonder what the reasons for this are. Are more people at home and bored? Do they rediscover collecting hobbies because traveling and fine dining have become less feasible and attrative due to Covid? Is buying collectables as assets, an idea that I always thought stupid, becoming more attractive due to low interest rates and fear of inflation? Is interest in ancient history for some reason increasing again? Or is this simply a bubble about to burst?[/QUOTE]</p><p><br /></p>
[QUOTE="Orielensis, post: 7380014, member: 96898"]Unfortunately, I have to generally agree that auction prices for ancient coins have risen drastically over the course of the last year. I am not sure, though, whether the coins you've shown are indicative of the current market situation. All of these are very rare and/or in an exceptional state of preservation. It just takes two bidders to whom $10,000 amount to nothing more than a nice tip to drive bidding on such coins up to insane amounts. This is something we have seen already before the pandemic. What I find noteworthy is that prices for more common ancients coins are equally on the rise. For example, I participated in the Tauler and Fau auction yesterday, and I once more won exactly nihil, τίποτα, rien, nada, niente, nichts, ничего, nothing. I didn't bid on exclusively rare one-of-a-kind Julius Caesar portraits but on an "about VF" Tarentum nomos with some mentionable flaws as well as some reasonably attractive Republican denarii. Yet, the former still hammered for €250, and the latter were not to be had for less than €100. That would have been insanely high in 2019, and to me is more worrying than the results on the Kuenker coins you posted above. I wonder what the reasons for this are. Are more people at home and bored? Do they rediscover collecting hobbies because traveling and fine dining have become less feasible and attrative due to Covid? Is buying collectables as assets, an idea that I always thought stupid, becoming more attractive due to low interest rates and fear of inflation? Is interest in ancient history for some reason increasing again? Or is this simply a bubble about to burst?[/QUOTE]
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