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<p>[QUOTE="TheRed, post: 2973684, member: 87080"]While killing time on Vcoins this morning I came across a hemidrachm of Ptolemy IV </p><p>[ATTACH=full]730132[/ATTACH] </p><p>While a nice coin, it does have some adjustment marks on the reverse. Still, I looked the look of the coin. The seller was asking $230, which I thought was high, so i decided to see what previous hemidrachms of Ptolemy IV had sold for on CNG. I tend to think of them as a good gauge of market prices. As I said, I had plenty of time to kill this morning. Sure enough, there it was:</p><p>[ATTACH=full]730133[/ATTACH] </p><p>No question about it, the exact same coin. It sold in a CNG eAuction back in 2015, final hammer price $70. Even with CNG's 15% fee and shipping it still might have been under $100 in total.</p><p><br /></p><p>I'm curious what other CT members think. Is this a coin that slipped under the radar in CNG's eAuction or a decent coin that is over priced?Buying coins from CNG then doubling the price would seem to be a poor business model. I'm not sure a dealer would stay in business long doing that, or at least sell many coins.[/QUOTE]</p><p><br /></p>
[QUOTE="TheRed, post: 2973684, member: 87080"]While killing time on Vcoins this morning I came across a hemidrachm of Ptolemy IV [ATTACH=full]730132[/ATTACH] While a nice coin, it does have some adjustment marks on the reverse. Still, I looked the look of the coin. The seller was asking $230, which I thought was high, so i decided to see what previous hemidrachms of Ptolemy IV had sold for on CNG. I tend to think of them as a good gauge of market prices. As I said, I had plenty of time to kill this morning. Sure enough, there it was: [ATTACH=full]730133[/ATTACH] No question about it, the exact same coin. It sold in a CNG eAuction back in 2015, final hammer price $70. Even with CNG's 15% fee and shipping it still might have been under $100 in total. I'm curious what other CT members think. Is this a coin that slipped under the radar in CNG's eAuction or a decent coin that is over priced?Buying coins from CNG then doubling the price would seem to be a poor business model. I'm not sure a dealer would stay in business long doing that, or at least sell many coins.[/QUOTE]
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