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<p>[QUOTE="DonnaML, post: 4516616, member: 110350"]I'm rather shocked that someone paid $800 for that coin. Yes, it's in great condition, but CNG itself called it only "near" EF. Is it truly <u>that</u> much better than the multiple other examples, from a variety of mints, that CNG has sold at auction in the last few months for a small fraction of that price? (See <a href="https://www.coinarchives.com/a/results.php?search=diocletian+abdication+follis&s=0&upcoming=0&results=100" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.coinarchives.com/a/results.php?search=diocletian+abdication+follis&s=0&upcoming=0&results=100" rel="nofollow">https://www.coinarchives.com/a/results.php?search=diocletian+abdication+follis&s=0&upcoming=0&results=100</a>.) Are examples from Serdica rarer than those from elsewhere? I don't see them listed as such. I don't have access to the price information on acsearch, or to the "pro" version of Coin Archives that gives one access to more than a limited number of sales prices, but has an example of the Diocletian abdication follis ever previously sold for as much as $800?</p><p><br /></p><p>In any event, this kind of thing is why I almost never bid in auctions anymore (other than FSR's). I'm invariably disappointed, and in a live auction I'm not sure I trust myself always to exercise the proper impulse control! Even though fixed-price sites don't necessarily have the best examples or the widest variety compared to auctions (taken collectively), there are plenty of wonderful coins to buy, and I don't need the "best." Also, even though traditionally the theory has been that it costs less to buy a coin at auction, even with buyer's fees, than to buy a similar coin at a place like VCoins, I'm willing to pay a little more for the certainty and the absence of stress.</p><p><br /></p><p>Plus, given recent trends in auction prices for ancient coins, I'm not even sure that theory holds true these days. Although I'm somewhat concerned that the same trend will carry over into the fixed-price market, and that fixed-price sellers will start raising their prices accordingly -- and/or that wealthy buyers will start snapping up all the relative bargains (compared to what may be the new reality) still available at VCoins and MA-Shops. Partly because of that concern, and because for quite some time I've actually had the Diocletian abdication follis on my very long list of coins I'd like to buy (a list I'll never get to the end of, I'm sure, because it grows continually!), when I saw one available today for less than 20% of the one that went for $800, I went ahead and bought it. (As it happens, the seller was Coin Talk's own [USER=10613]@Victor_Clark[/USER].)</p><p> </p><p>True, it's not as impressive as the one that sold for $800. But I happen to think it's a very nice coin, and it's plenty good enough for my collection!</p><p><br /></p><p>Diocletian, billon abdication Follis, 305-307 AD, Trier Mint. Obv. Laureate bust right in imperial mantle (trabea), holding olive branch and mappa, D N DIOCLETIANO BAEATISSIMO SEN AVG / Rev. Providentia standing right, holding scroll[?] and drapery with left hand and extending right hand to Quies standing left, holding branch downward with right hand and leaning on scepter with left hand; S - F across fields; PROVIDENTIA DEORVM QVIES AVGG; PTR in exergue. 27x28 mm., 9.6 gm. RIC VI Trier 673a (p. 208), Sear RCV IV 12927.</p><p><br /></p><p>[ATTACH=full]1119062[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="DonnaML, post: 4516616, member: 110350"]I'm rather shocked that someone paid $800 for that coin. Yes, it's in great condition, but CNG itself called it only "near" EF. Is it truly [U]that[/U] much better than the multiple other examples, from a variety of mints, that CNG has sold at auction in the last few months for a small fraction of that price? (See [URL]https://www.coinarchives.com/a/results.php?search=diocletian+abdication+follis&s=0&upcoming=0&results=100[/URL].) Are examples from Serdica rarer than those from elsewhere? I don't see them listed as such. I don't have access to the price information on acsearch, or to the "pro" version of Coin Archives that gives one access to more than a limited number of sales prices, but has an example of the Diocletian abdication follis ever previously sold for as much as $800? In any event, this kind of thing is why I almost never bid in auctions anymore (other than FSR's). I'm invariably disappointed, and in a live auction I'm not sure I trust myself always to exercise the proper impulse control! Even though fixed-price sites don't necessarily have the best examples or the widest variety compared to auctions (taken collectively), there are plenty of wonderful coins to buy, and I don't need the "best." Also, even though traditionally the theory has been that it costs less to buy a coin at auction, even with buyer's fees, than to buy a similar coin at a place like VCoins, I'm willing to pay a little more for the certainty and the absence of stress. Plus, given recent trends in auction prices for ancient coins, I'm not even sure that theory holds true these days. Although I'm somewhat concerned that the same trend will carry over into the fixed-price market, and that fixed-price sellers will start raising their prices accordingly -- and/or that wealthy buyers will start snapping up all the relative bargains (compared to what may be the new reality) still available at VCoins and MA-Shops. Partly because of that concern, and because for quite some time I've actually had the Diocletian abdication follis on my very long list of coins I'd like to buy (a list I'll never get to the end of, I'm sure, because it grows continually!), when I saw one available today for less than 20% of the one that went for $800, I went ahead and bought it. (As it happens, the seller was Coin Talk's own [USER=10613]@Victor_Clark[/USER].) True, it's not as impressive as the one that sold for $800. But I happen to think it's a very nice coin, and it's plenty good enough for my collection! Diocletian, billon abdication Follis, 305-307 AD, Trier Mint. Obv. Laureate bust right in imperial mantle (trabea), holding olive branch and mappa, D N DIOCLETIANO BAEATISSIMO SEN AVG / Rev. Providentia standing right, holding scroll[?] and drapery with left hand and extending right hand to Quies standing left, holding branch downward with right hand and leaning on scepter with left hand; S - F across fields; PROVIDENTIA DEORVM QVIES AVGG; PTR in exergue. 27x28 mm., 9.6 gm. RIC VI Trier 673a (p. 208), Sear RCV IV 12927. [ATTACH=full]1119062[/ATTACH][/QUOTE]
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