Message:

<p>[QUOTE=&quot;Severus Alexander, post: 8322172, member: 84744&quot;]Interesting discussion, [USER=84905]@Tejas[/USER]!&nbsp; Those are three beauties that you won.&nbsp; I think especially the Maximus was a great price too!</p><p><br /></p><p>I expect we&#039;ll probably have to agree to disagree on coin values, though.&nbsp; I&#039;m skeptical of both of the following points you make:</p><p><br /></p><p><br /></p><p>While it&#039;s true each ancient coin is unique, there are plenty of true generalizations regarding quality.&nbsp; Other things being equal (&quot;ceteris paribus&quot;), a higher grade coin is better than a lower grade coin, a well-centred coin is better than a poorly centred-coin, a consistent patina is better than a mottled one, a genuine patina is better than an artificial one, and on and on.&nbsp; Of course, individual collectors will value these things differently in comparison with one another, but these true generalizations are enough to ground reasonably objective fair values.&nbsp; Averaging over collectors, there will be a fairly consistent ordering of coins from less to more valuable.&nbsp; Which means that while <i>particular</i> auction results aren&#039;t good indicators of value, aggregate results over time are.&nbsp; (Thus the success of Coin Archives and acsearch.)</p><p><br /></p><p>For example, I think we&#039;d probably all agree that your new Maximus is nicer than mine! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />&nbsp; Because it <i>is</i> objectively nicer and worth more than mine.&nbsp; And there will be plenty of cases much more obvious than this.</p><p>[ATTACH=full]1474354[/ATTACH] </p><p>(FYI this coin cost me USD 264 including fees back in 2015, which I thought was fair at the time.)</p><p><br /></p><p><br /></p><p>Well, I certainly don&#039;t, and I don&#039;t know anyone (other than you?) who does!&nbsp; (Except for some narrow specialists who needn&#039;t look at very many coins in any particular auction.)&nbsp; In any case, note that you inserted the word &quot;major&quot;... if we include all auctions, there&#039;s no way this is true.&nbsp; So some variation in price – I think a large amount! – is inevitably due to the chancy matter of who&#039;s attending, what they&#039;re interested in, and how much money they have.&nbsp; We&#039;ve all had the experience of lucking into a cheap coin through the lack of any interested underbidder, as well as the opposite when there&#039;s a bidder who is clearly intent on getting the coin no matter what.&nbsp; (This can even happen for the same coin a couple weeks apart!)[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in