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Did I get grifted (shilled) on this coin?
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<p>[QUOTE="AussieCollector, post: 4535290, member: 81093"]Hi all</p><p><br /></p><p>A while ago, some of you may recall that I was on the hunt for an affordable ancient Greek gold coin as the center piece of my "ancient Greek states" collection.</p><p><br /></p><p>The criteria I set out for myself were:</p><p><br /></p><p>1. A Greek gold coin from any ancient Greek state/city (I wasn't fussed whether it was Bactrian, Seleucid, Bosporus, Ptolemaic, Macedonian, or whatever)</p><p>2. A period where the relevant Greek state was still independent (i.e. that it wasn't a client state of Rome or whatever)</p><p>4. At least 12mm in diameter, and preferably 15mm or more (which ruled out El Hekte coins)</p><p>4. Less than $1500 USD (not including auction fees etc)</p><p><br /></p><p>I had a few good recommendations from the good folk at CT, and landed my sights on seeking out a bargain basement Phillip II or Alexander III gold stater.</p><p><br /></p><p>I achieved my goal with the following coin. At the time, I was both pleased and a bit "hmmm" about the purchase, as it went right up to my maximum bid (within 5%) without going over. Pure luck? Or something else?</p><p><br /></p><p><b>Alexander III ‘the Great’, 336-323 BC gold stater</b></p><p>Obverse: head of Athena to right, wearing Corinthian helmet decorated with a serpent.</p><p>Reverse: AΛEΞANΔΡOΥ Nike standing front, head to left, with her wings spread, holding laurel wreath in her right hand and stylis in her left; below left wing, crescent above A</p><p>Mint: Lampsakos</p><p>Diameter: 17 mm</p><p>Weight: 8.60g</p><p><br /></p><p><img src="https://www.cointalk.com/proxy.php?image=https%3A%2F%2Fleunumismatik.com%2Fsource%2Fimages%2Fauction%2F16%2F00183q00.jpg&hash=2a87a3b00cd5dfbdc99013f2cc0132be" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>My question is, was the price I paid actually an ok price? Or did I overpay?</p><p><br /></p><p>I ask, because I entered my absolute maximum bid on the coin before going to bed that evening (given almost all ancient auctions are at ungodly hours for us in Australia). I thought doing that would be ok, as an auction is an auction, and the bidding is the bidding. However, I later learned about shill bidding in a CT thread where it was discussed at some length,</p><p><br /></p><p>So... I guess I'm in two minds about my purchase. On the one hand, I have a beautiful piece of history in my collection, that would have been difficult to obtain for the criteria (i.e. price) I set out. But on the other hand, I can't help but feel that I was shilled.</p><p><br /></p><p>I've done some acsearches, and the reality is that holed gold staters don't come up very often, so it's difficult to establish a "market value".</p><p><br /></p><p>Thoughts?</p><p><br /></p><p>AC[/QUOTE]</p><p><br /></p>
[QUOTE="AussieCollector, post: 4535290, member: 81093"]Hi all A while ago, some of you may recall that I was on the hunt for an affordable ancient Greek gold coin as the center piece of my "ancient Greek states" collection. The criteria I set out for myself were: 1. A Greek gold coin from any ancient Greek state/city (I wasn't fussed whether it was Bactrian, Seleucid, Bosporus, Ptolemaic, Macedonian, or whatever) 2. A period where the relevant Greek state was still independent (i.e. that it wasn't a client state of Rome or whatever) 4. At least 12mm in diameter, and preferably 15mm or more (which ruled out El Hekte coins) 4. Less than $1500 USD (not including auction fees etc) I had a few good recommendations from the good folk at CT, and landed my sights on seeking out a bargain basement Phillip II or Alexander III gold stater. I achieved my goal with the following coin. At the time, I was both pleased and a bit "hmmm" about the purchase, as it went right up to my maximum bid (within 5%) without going over. Pure luck? Or something else? [B]Alexander III ‘the Great’, 336-323 BC gold stater[/B] Obverse: head of Athena to right, wearing Corinthian helmet decorated with a serpent. Reverse: AΛEΞANΔΡOΥ Nike standing front, head to left, with her wings spread, holding laurel wreath in her right hand and stylis in her left; below left wing, crescent above A Mint: Lampsakos Diameter: 17 mm Weight: 8.60g [IMG]https://www.cointalk.com/proxy.php?image=https%3A%2F%2Fleunumismatik.com%2Fsource%2Fimages%2Fauction%2F16%2F00183q00.jpg&hash=2a87a3b00cd5dfbdc99013f2cc0132be[/IMG] My question is, was the price I paid actually an ok price? Or did I overpay? I ask, because I entered my absolute maximum bid on the coin before going to bed that evening (given almost all ancient auctions are at ungodly hours for us in Australia). I thought doing that would be ok, as an auction is an auction, and the bidding is the bidding. However, I later learned about shill bidding in a CT thread where it was discussed at some length, So... I guess I'm in two minds about my purchase. On the one hand, I have a beautiful piece of history in my collection, that would have been difficult to obtain for the criteria (i.e. price) I set out. But on the other hand, I can't help but feel that I was shilled. I've done some acsearches, and the reality is that holed gold staters don't come up very often, so it's difficult to establish a "market value". Thoughts? AC[/QUOTE]
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