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<p>[QUOTE="IdesOfMarch01, post: 3256460, member: 39084"]You might want to regard that auction result with a bit of skepticism and temperance. Consider the following coin:</p><p><br /></p><p>[ATTACH=full]855650[/ATTACH]</p><p><br /></p><p>Sold at Triton XIV in <b>2011</b> for $70,000</p><p>Sold at NAC 94 in <b>2016</b> for $61,000</p><p>Sold at Triton XXI in <b>2018</b> for $47,500</p><p><br /></p><p>If two bidders get carried away about a coin, the hammer price can be unrealistically higher than actual market value.</p><p><br /></p><p>Another story: when I first started collecting ancients, I saw a high-quality Roman Republican quadrigatus at an auction with an estimate around $3K, if I recall correctly. My max bid of $5K failed as the coin went for around $6.5K. A year or so later, having been touted as the finest quadrigatus of its type, two collectors apparently went crazy and the coin sold for around $250K! I think it's highly doubtful that the winning bidder could ever sell it for that price, although he/she can console him/herself that they own the "finest" quadrigatus in existence.[/QUOTE]</p><p><br /></p>
[QUOTE="IdesOfMarch01, post: 3256460, member: 39084"]You might want to regard that auction result with a bit of skepticism and temperance. Consider the following coin: [ATTACH=full]855650[/ATTACH] Sold at Triton XIV in [B]2011[/B] for $70,000 Sold at NAC 94 in [B]2016[/B] for $61,000 Sold at Triton XXI in [B]2018[/B] for $47,500 If two bidders get carried away about a coin, the hammer price can be unrealistically higher than actual market value. Another story: when I first started collecting ancients, I saw a high-quality Roman Republican quadrigatus at an auction with an estimate around $3K, if I recall correctly. My max bid of $5K failed as the coin went for around $6.5K. A year or so later, having been touted as the finest quadrigatus of its type, two collectors apparently went crazy and the coin sold for around $250K! I think it's highly doubtful that the winning bidder could ever sell it for that price, although he/she can console him/herself that they own the "finest" quadrigatus in existence.[/QUOTE]
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