AV 1/2 Pagoda Vijayanagar struck circa 1630-41

Discussion in 'Ancient Coins' started by panzerman, Sep 17, 2016.

  1. panzerman

    panzerman Well-Known Member

    I admit its not an "ancient" but it look ancient...
    This thing was minted under Venkata Patiraya III 1630-41
    It was from Dr. Larry Adams collection. Just bought the thing from Heritage as "unsold" lot. It was slabbed as MS-65 (probably would grade Ef in CNG auction) 2457869l.jpg
     
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  3. Ajax

    Ajax Well-Known Member

    Niceee
     
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  4. Aidan_()

    Aidan_() Numismatic Contributor

    Sweet sweet coin Panzerman. :cool:
     
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  5. Mat

    Mat Ancient Coincoholic

    Nice little coin.
     
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  6. Sallent

    Sallent Live long and prosper

    Booo! Not a fan of the slab. The coin, however, is extremely nice. Nothing a hammer couldn't fix.

    A hammered coin grading MS-65? LOL. So what does an MS-64 look like with a hand made coin? Those TPGs have no shame.

    PS: doesn't the figure on the obverse look like Smokey the Bear wearing a British police hat? I always knew Smokey the Bear was a traitor. This proves it.
     
    Last edited: Sep 17, 2016
  7. Smojo

    Smojo dreamliner

    Nice.
    I have 1 of those tiny things. Even under a high powered loupe it looks like an itty bitty piece of gold. I posted it months ago fishing for info on it.
     
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  8. panzerman

    panzerman Well-Known Member

    It is 1.87g. 12mm. in size. Hard to find the late Vijayanagar coins in good quality. At one point they held out vs the mighty Dehli Sultanate, which controlled most of India back in 1200-1400AD.
     
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  9. Sallent

    Sallent Live long and prosper

    You fiends didn't know when to accept you were beaten. Long live the Delhi Sultanate!

    ud Din Mubarak 4-Ghani Delhi Sultanate.jpeg
    ud Din Mubarak
    Delhi Sultanate
    Billon 4-Ghani
     
  10. panzerman

    panzerman Well-Known Member

    I agree, but eventually the mighty Dehli Sultanate suffered setbacks from Tamerlane/ then the Mughal invaders led by Babur, won the day at Panipat in 1526. Babur, like Sulieman the Magnificent who had routed, Louis II's Hungarian armies at Mohacs in that same year, used cannons to destroy Sultan Ibrahims forces.
     
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  11. Mikey Zee

    Mikey Zee Delenda Est Carthago

    As long as it's yellow metal I like it ----- a traitorous Smokey the Bear or not.....my mailing address is......;):D
     
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  12. panzerman

    panzerman Well-Known Member

    I checked CNG auction records....they originally had this coin listed as a CH. EF example, in the meantime Heritage Auctions had it slabbed and voila! its now MS-65=GEM UNC!!!!!! Sometime ago I won this pristine AV Ruspone=3 Zecchini from Tuscany/ Florence Mint depicting Austrian Ruler Pietro Leopoldo later Leopold II Holy Roman Emperor. Rauch Auctions graded my coin as "stempelglanz=UNC
    Heritage had a similar coin slabbed as a MS-67 (sold for $19K)US....my coin was far better, yet I paid 3800E way less. john photos 1 005 (Medium).jpg john photos 1 007 (Medium).jpg
     
  13. Sallent

    Sallent Live long and prosper

    Well, if you ever want to sell it, you know that stabbing it will add $15,000 to the price. That's the magic of the plastic for investor minded modern collectors. My whole collection is probably worth $5000. LOL :p However, if I were to pay $900 to have it all slabbed up, I have no doubt I could sell it for $12,000 to the slab lovers who are used to paying more for 1 point difference in grades than the same coin is worth 1 point lower.

    In that sense slabs have done wonders for investors. If you look at US red book prices from the 60s, all MS coins were worth the same as it was just MS, but now in the slab era MS has like 30 different prices as now it's MS-64, MS-64+, MS-64*, etc, so what before might have been an MS coin for $500 can now range in price from $500 to $5000, and the investor types are happy even if it sucks for the collectors who have to pay a lot more for the same coin.
     
  14. TIF

    TIF Always learning.

    Eight months ago it sold for 2.3 times less. It was then slabbed, overgraded, and flipped. I guess the flipper is happy with the quick profit, and you are happy with your new Mint State label. Win-win?

    NGC MS65:
    [​IMG]

    CNG EF:
    [​IMG]
     
    Last edited: Sep 20, 2016
  15. Carthago

    Carthago Does this look infected to you?

    TIF's pictures illustrate one of the key problems with slabbing which is the holder covering up the coin. Notice how the 2 major flan splits are completely obscured on the slabbed coin vs free. On this coin that may not be a big deal but on some it would be. Not being able to see the full coin is a problem.

    Btw, cool coin Panzer. No disrespect intended about your new coin.
     
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  16. TIF

    TIF Always learning.

    The fee for slabbing the Pietro Leopoldo was probably "only" $200.

    NGC's fee scale:

    https://www.ngccoin.com/submit/services-fees/ancient-coins/

    In their pricing scheme, high market value is synonymous with "rarity". If a coin is valued at $10K-25K, it is a "rarity". If greater than $25, it is an "ultra rarity". The slabbing price for the "ultra rarity" tier is a percentage of market value. I wonder how they determine the market value of a coin? Is it based on the last price for which the coin sold? Who determines the value, the submitter or NGC?
     
    Last edited: Sep 20, 2016
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  17. panzerman

    panzerman Well-Known Member

    EF coin from CNG actually look better! I have around 80 slabbed coins/ guess had no choice in that. I agree, the "experts" who do the grading/check coins over at these outfits should be fired. For example, I saw a US Liberty $2.50 AV coin slabbed at MS-62, Kunker had the same coin and graded it EF. Even more extreme ex. Kunker graded a France Jean Le Bon "Cavalier d'or" sehr schon =VF it had been slabbed MS-61!!!!!! Another ex. a Mysore "elephant" fanam was slabbed at AU-55/ problem is these are all modern "fabrication=FAKES" Back to original Vijayanagar coin/ it is by far best example i have ever seen/ so even though I lost out at original e-auction/ thought it was better to pay a little more and get it for my coll.
     
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  18. Sallent

    Sallent Live long and prosper

    I think after @TIF s illustration Panzerman is going to be buying raw from now on. Dont get me wrong Panzerman, it's still an amazing coin at either price level, and I'd be proud to own it if I wasn't such a cheap (beep).
     
    Last edited: Sep 20, 2016
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