Big batch of AUREII withdrawn from CNG

Discussion in 'Ancient Coins' started by Ocatarinetabellatchitchix, Sep 5, 2021.

  1. Ocatarinetabellatchitchix

    Ocatarinetabellatchitchix Supporter! Supporter

    Many aureii have been withdrawn from the next CNG auction # 118 closing September 14th. I heard that they may be related to the numerous holed aureii (very professionally repaired) sold lately without the warning of the "restoration".
    I can tell you for sure that the Postumus and the Victorinus (estimated at 5000$ but the current bid was 42,000$) are 100% authentic. For the others I couldn't tell because it's not my area of collecting. Anyone here knows something about the reason of the withdrawal ??? Here are some of the coins :

    BC4D80FA-0315-4C40-9C48-02731D0B6083.jpeg

    FADE31B6-ABBB-4FA0-AB6E-1F332CA9656F.jpeg

    79C66410-458E-44DF-8E27-254548159FA0.jpeg

    B2879E12-1EAF-40A1-9086-D0B271BBC93B.jpeg

    261066D4-7CAC-495D-A0DD-9A746A74C4D3.jpeg

    FD7F8A69-5089-4CE3-8053-8377088AF8FB.jpeg
     
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  3. Ryro

    Ryro The last of the Diadochi Supporter

    That's wild! I've seen pics of a couple of the repaired ones and was surprised how hard it was to spot the patch work.
    However, what's wrong with the above coins, and all other gold coins for that matter, is they don't have any with Macedonian shields!
    2017403_1624822973.l-removebg-preview.png
     
  4. red_spork

    red_spork Triumvir monetalis

    Hopefully this helps
    FB_IMG_1630858809044.jpg
     
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  5. Ocatarinetabellatchitchix

    Ocatarinetabellatchitchix Supporter! Supporter

    Many thanks @red_spork . But I REALLY need the name of this guy who can repair holes.......

    3A25E759-041A-4932-9955-74806C7C9A62.jpeg
     
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  6. red_spork

    red_spork Triumvir monetalis

    I don't know who is doing the repairs but evidently they've done a number of them. A hoard of holed aureii were reportedly found in Ukraine and sold via a local auction site and repaired by this person before many of them started showing up at NAC, CNG, Kuenker, Heritage and other houses. Some were even slabbed by NGC. It is my understanding that Barry at NGC was the one who discovered this and started alerting the auction houses and they are in the process of recalling the coins and refunding customers but there are a bunch out there and likely more still to come. Here's another from the hoard.
    FB_IMG_1630849643023.jpg
    FB_IMG_1630849638941.jpg
     
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  7. Ocatarinetabellatchitchix

    Ocatarinetabellatchitchix Supporter! Supporter

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  8. iameatingjam

    iameatingjam Well-Known Member

    Here's a post I found on facebook ( from Barry)

     
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  9. iameatingjam

    iameatingjam Well-Known Member

    What I'm most worried about is the fate of these coins. I would rather they be sold as modified than melted down :(
     
  10. AncientJoe

    AncientJoe Supporter! Supporter

    A scary group which further validates the benefit of pedigrees and the solid research/work done by NGC!
     
  11. DonnaML

    DonnaML Supporter! Supporter

    Yes, there's a long thread about this in the Ancient and Medieval Coins group on Facebook (the link is https://www.facebook.com/groups/ancientnumis/?multi_permalinks=4386961038056839, but I imagine it works only if you're a member), with a number of posts by Barry giving the whole story. Apparently, not only were the coins purchased in Ukraine; the holes were repaired there -- so expertly that one person posted that it was difficult to see the repairs even under a microscopic examination. Some of these coins have already been sold -- if the consignor is in Ukraine, I imagine that it won't be easy to get the money back from him.
     
  12. arnoldoe

    arnoldoe Well-Known Member

    yeah.. been going on for years.. here's one from 2018..
    upload_2021-9-5_19-53-45.png
    +2019
    upload_2021-9-5_20-4-0.png
     
    Last edited: Sep 5, 2021
  13. Black Friar

    Black Friar Well-Known Member

    Talk about greed. Never underestimate the power of a schnook. I'll stick with Byzantine bronzes especially the contemporary counterfeits and local artist
    endeavors.
     
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  14. Black Friar

    Black Friar Well-Known Member

    By the way for the Byz collectors out there. About 20 years ago I purchased a very well done Justinian Yr 12 follis of Constantinople It's listed in Sears' Byzantine Coins and Their values in the Forgeries section at the back of the book # F17. I'm happy to have it. We both knew it was a fake, but a very nice one. For $35 it does hold a special spot in my collection.
     
  15. singig

    singig Well-Known Member

  16. Ed Snible

    Ed Snible Well-Known Member

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  17. IMP Shogun

    IMP Shogun Well-Known Member

    Last edited: Sep 6, 2021
  18. hotwheelsearl

    hotwheelsearl Well-Known Member

  19. hotwheelsearl

    hotwheelsearl Well-Known Member

    Thinking more about it, presenting the holed coins from the same hoard in a museum setting (perhaps even reconstructing the necklace or belt they were originally on) would be truly captivating.

    At the Getty Villa there is an amazing belt of 23 late empire solidi still in their original belt settings. This presentation is infinitely more interesting than simple bare solidi. I shudder to think of the possibility that antique jewelry like this was torn apart and sold by-the-coin.

    https://www.getty.edu/art/collectio...roman-about-ad-379-395/?dz=0.8481,0.5604,3.29
    canvas.png

    This belt has, clockwise from top center:
    Valens, Valentinian I, Theodosius I, Valentinian I, Julian II (bearded), Valentinian I, Valens, Valens, Valentinian I, Valentinian I, Valentinian I, Valens, GLASS MEDALLION, Julian II (very bearded), Valens, Valens, Valens, Valentinian I, Valens (unusual left-facing portrait), Valens, Valens, Valentinian I, Constans (unusual long legend), Valentinian I.

    The problem with looting and tomb robbers is that they never care about archaeological context. If some looter in Eastern Europe or wherever dug out this belt, they would almost certainly pop the coins out of the settings, melt the gold, and sell the medallion separately.

    IDK why I'm on this rant. Perhaps its because I would prefer those holed coins to be presented in their original context instead of being squirreled away in some private collection to be sold for a profit in a few years.
     
  20. AussieCollector

    AussieCollector Moderator Moderator

    Personally, I would love a hole repairing service.

    However, it does create problems if the seller isn't honest about the restorative work.
     
  21. hotwheelsearl

    hotwheelsearl Well-Known Member

    I agree. If one had an unattractive holed coin devoid of any archaeological context, then by all means.

    I have a rather savegely holed Geta limes denarius.
    Geta BI Limes Denarius RIC 18b.JPG

    If this hole was repaired, I would be happy as there is zero provenance, or any context on this coin. If this coin was dug out of a specific hoard in an archaeological site, it would be different. As far as I know, this coin was holed relatively recently (cf the shiny spots on the holed portion), and is worse for the wear because of it.
     
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