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<p>[QUOTE=&quot;Valentinian, post: 3103779, member: 44316&quot;]Since I last responded I got an e-mail mentioning a coin-- this one:</p><p><br /></p><p>[ATTACH=full]786012[/ATTACH] </p><p><br /></p><p>on my VOTA website:</p><p><br /></p><p><a href="http://augustuscoins.com/ed/VOTA/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://augustuscoins.com/ed/VOTA/" rel="nofollow">http://augustuscoins.com/ed/VOTA/</a></p><p><br /></p><p>telling me it was in a Sternberg auction from November 1975, which I had not known. I happen to have that catalog and looked it up. There it is, with a PR of 1000 Swiss Francs!&nbsp; (in 1975!). I had known the same coin was sold in M&amp;M D auction 13 in November 2003 with a PR of 220 euros. </p><p><br /></p><p>It is probably the most interesting vota type. Someone in 1975 thought it was worth a lot. In November 2003 the Swiss Franc was $1.16 and the euro $1.18. So the coin went for about 1/4 what it sold for 28 years earlier. (A search using acsearch suggests it has not gone up since 2003)</p><p><br /></p><p>Now, many coins do not go down in price like that. But, even if some ancient coins will go up, the chances any one of us can predict which ones will be the ones that go up are slim. And, they have to go up at least 30% before you can break even (because of the costs of selling coins). </p><p><br /></p><p>Buy coins because you love them and they light up your intellectual life, not because they are an &quot;investment.&quot;[/QUOTE]</p><p><br /></p>

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