Gold Byzantine coin hoard found up near Lake Como. https://www.archaeology.org/issues/325-1901/trenches/7209-trenches-italy-late-antique-coins
Another couple of articles https://archaeologynewsnetwork.blogspot.com/2018/09/roman-gold-coins-discovered-in-italian.html?m= https://gizmodo.com/ancient-jar-of-roman-gold-coins-discovered-under-italia-1828965649
Whoops Looks like there was already a thread on this https://www.cointalk.com/threads/ho...gold-coins-found-in-como.323251/#post-3186416 Must have been a slow news day
so many gold coins. Like pirates treasure. Did this have a huge effect on values when this was found ? what was the real estimated value of this huge find ?
Amazing! Yeah, that would have an effect on prices. However, none are in MS quality, so FDC/MS existing coins would not be affected.
Probably no real effect, I doubt any of these will hit the market since this is an archaeological find in Italy.
No value change whatsoever. Even when hoards run into the many thousands often there is no change in retail value.
Yes and no/ if that Como hoard contains over 50 AV Solidi of Severus III then that coin would definately drop in value. Look what happened to the Seljuks of Rum AV Dinar "Three Brothers" used to be impossible, then a small hoard was found in Turkey. some came onto auction sites. First ex. went for big $/ then prices sank, I picked up a FDC ex. for $450US. If someone found a small urn with 250 Quintillus AV Aurei (all same) the price would go from a Million++ to probably 25K per coin. Of course the craziest story about "overvalued" coins is that SS-Central America Treasure/ and the 1857-S Double Eagle. These are constantly being brought up and sold, yet the prices are way far fetched for such a common coin date in MS, that one will crash one day. John
I suppose that is true if you are considering very rare or unique coins. But for the average coin type (as I assume these probably are) there will be no change in value. The recent hoard of Athenian tetradrachms is a good example. It numbers in the tens of thousands but prices remain as they were before the hoard.
Lets hope there are a bunch of Libius Severus III solidi in hoard/ also Constantius III/ Constantine III solidi/ tremissis I still need those guys.
