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<p>[QUOTE="ambr0zie, post: 8275624, member: 80952"]I only buy from auctions. And I rarely overpaid on a coin - on 2-3 occasions I <b>really </b>wanted that particular coin so I paid more than I was expecting.</p><p>But I am a bottom feeder so this is not dramatic (including the fees, and indeed many people don't consider them). </p><p><br /></p><p>The best fun in auctions, for me, is identifying rare coins (even if far from mint state) and hoping nobody else spots them. I know this is not a <i>correct</i> strategy when you think about profit in the future, but personally I don't care about this.</p><p>I bought many coins, most of them presentable (for my standards) and below market "normal" price. </p><p><br /></p><p>Some auction houses do not provide full attribution - just city for Greek and emperor and city for imperials and provincials - this has helped me a lot to learn how to identify coins as usually before an auction, I browse the offer and try to find out more about the coins I am interested in.</p><p><br /></p><p>For a while I am staying out of purchases but here is an example of a very interesting coin I saw in an auction this weekend </p><p>[ATTACH=full]1461076[/ATTACH]</p><p>Posted in the Republican section - described as </p><p>Q. Titius 90 BC. Rome</p><p>Denarius AR</p><p><br /></p><p>So a very modest and quite common RR denarius, right?</p><p><br /></p><p>Wrong. It's a Trajan restitution issue (RIC II Trajan 776) and the difference is that it has a reverse legend. As far as I know, extremely rare and desirable even in this condition. </p><p><br /></p><p>2 collectors noticed the error and started a mini war. Hammer - 460 EUR + taxes. </p><p>I wouldn't pay this sum on this coin, but this is the kind of situation when you <b>hope </b>you are the only bidder who noticed that ... the owls are not what they seem. </p><p>I think a dealer would have spotted this and the price would have been bigger. </p><p>I found no examples on acsearch or coin archives and only 1 example in sixbid archives </p><p>[ATTACH=full]1461090[/ATTACH]</p><p>2700 EUR + taxes in 2012. </p><p>Indeed, much better example, but I still think many collectors would have loved a Trajan Q. Titius restitution (perhaps at the price of a modest RR, but it wasn't exactly the case <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> ) </p><p><br /></p><p>My impression - for coins in medium/sub medium condition, you have a better chance to win them in auctions at decent prices (I certainly did this a lot). Unless some other collectors want them badly. But an attractive and scarce or rare coin will get lots of bids and you might find them at better prices in dealers' offers. </p><p>But when I browse Vcoins I often see normal coins in average conditions at high prices. </p><p><br /></p><p>Just the first example that came in my mind. I looked for DAC CAP denarii currently available in Vcoins. </p><p>[ATTACH=full]1461079[/ATTACH]</p><p>For me, both prices are too high compared to what I usually see in auctions, perhaps the one in the right is closer to the truth but I think you can find a similar one at a better price. They are pretty common. </p><p>The only Trajan denarius from MA shops with the Dacian sword in exergue (my favorite from these types)</p><p>[ATTACH=full]1461097[/ATTACH]</p><p>271 EUR</p><p>My recently acquired example in an auction - 60 EUR + 18% fees</p><p>[ATTACH=full]1461098[/ATTACH]</p><p>Theirs is better but I think for 1/4 of the price it is a much better deal, judging after the condition. Again, my 2 cents.</p><p><br /></p><p>Anyway, even if you are a collector of 2, or 3, or 4 figures coins you need to do your homework properly to avoid overpaying or missing very good deals.[/QUOTE]</p><p><br /></p>
[QUOTE="ambr0zie, post: 8275624, member: 80952"]I only buy from auctions. And I rarely overpaid on a coin - on 2-3 occasions I [B]really [/B]wanted that particular coin so I paid more than I was expecting. But I am a bottom feeder so this is not dramatic (including the fees, and indeed many people don't consider them). The best fun in auctions, for me, is identifying rare coins (even if far from mint state) and hoping nobody else spots them. I know this is not a [I]correct[/I] strategy when you think about profit in the future, but personally I don't care about this. I bought many coins, most of them presentable (for my standards) and below market "normal" price. Some auction houses do not provide full attribution - just city for Greek and emperor and city for imperials and provincials - this has helped me a lot to learn how to identify coins as usually before an auction, I browse the offer and try to find out more about the coins I am interested in. For a while I am staying out of purchases but here is an example of a very interesting coin I saw in an auction this weekend [ATTACH=full]1461076[/ATTACH] Posted in the Republican section - described as Q. Titius 90 BC. Rome Denarius AR So a very modest and quite common RR denarius, right? Wrong. It's a Trajan restitution issue (RIC II Trajan 776) and the difference is that it has a reverse legend. As far as I know, extremely rare and desirable even in this condition. 2 collectors noticed the error and started a mini war. Hammer - 460 EUR + taxes. I wouldn't pay this sum on this coin, but this is the kind of situation when you [B]hope [/B]you are the only bidder who noticed that ... the owls are not what they seem. I think a dealer would have spotted this and the price would have been bigger. I found no examples on acsearch or coin archives and only 1 example in sixbid archives [ATTACH=full]1461090[/ATTACH] 2700 EUR + taxes in 2012. Indeed, much better example, but I still think many collectors would have loved a Trajan Q. Titius restitution (perhaps at the price of a modest RR, but it wasn't exactly the case :) ) My impression - for coins in medium/sub medium condition, you have a better chance to win them in auctions at decent prices (I certainly did this a lot). Unless some other collectors want them badly. But an attractive and scarce or rare coin will get lots of bids and you might find them at better prices in dealers' offers. But when I browse Vcoins I often see normal coins in average conditions at high prices. Just the first example that came in my mind. I looked for DAC CAP denarii currently available in Vcoins. [ATTACH=full]1461079[/ATTACH] For me, both prices are too high compared to what I usually see in auctions, perhaps the one in the right is closer to the truth but I think you can find a similar one at a better price. They are pretty common. The only Trajan denarius from MA shops with the Dacian sword in exergue (my favorite from these types) [ATTACH=full]1461097[/ATTACH] 271 EUR My recently acquired example in an auction - 60 EUR + 18% fees [ATTACH=full]1461098[/ATTACH] Theirs is better but I think for 1/4 of the price it is a much better deal, judging after the condition. Again, my 2 cents. Anyway, even if you are a collector of 2, or 3, or 4 figures coins you need to do your homework properly to avoid overpaying or missing very good deals.[/QUOTE]
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