At the Munzenonline event/ the RRRR AV Doppel Goldgulden did not sell/ opening bid was 70K Swiss Francs/ 3 known On the otherhand the 1933 Double eagle 17 known and counting sold for 13 M go figure.
Its all about demand I guess. Many US issues are hugely overpriced but if this 'bubble' should burst, I dread to think of the impact on all aspects of the numismatics industry. What I find even more unusual is that a GB guinea or gold Escudos coin counter stamped by Ephraim Brasher or John Burger in VG or Fine grade sells for many times more than the original in MS grade
The one thing good.... Spain struck a slew of gold coinage from the time they discovered the "New World". Their newly found possessions in the Americas gave them lots of gold and silver to turn into AV 8/4/2/1/1/2 Escudos. They even minted AV 100 Escudos/ 50 Execellentes. Today there are many MS coins (8 escudos) available to average collectors like us English/ British pirates/ naval forces stole much of this when it was shipped to Spain. Of course AV 5 Guineas/ 10 Dukaten are very $$$$$$.
Not much figuring to do. It was that very line of thinking, (world coins comparable in rarity/scarcity to US coins being "cheap"), that started the world coin market on it's upward climb back in 2003. If you look hard enough you'll find where I wrote about it and promoted that line of thinking back then. You'll even find comments where I say that I became my own worst enemy because the long ignored coins I was writing about became so popular so quickly that they tripled in price within 2 years. It quickly became one of those situations where ya don't know whether to smile or cry !
You and me both think the same World/ Ancient coins are still way better deals vs US coinage when you take in the rarity factor. I have many "World/ Ancient" examples where less then five are known/ all of them cost me under 5K. Imagine a US Double Eagle (5 or less known) and the hammer price for a MS ex.
