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<p>[QUOTE="kirispupis, post: 8258776, member: 118780"]In my limited experience with ancient coins, it certainly seems that buyers have a herd mentality.</p><p><br /></p><p>For example, take a look at what's going on with high quality bronzes from Pantikapaion (especially at the last Leu). They're going for ridiculous amounts even though recent hoards have flooded the market. Could it be the anticipation that they'll become scarcer due to the war? I don't know. </p><p><br /></p><p>The thing is, certain coins or coin conditions suddenly come into vogue. It's like fashion. Everyone and their cat has to have one. However, there are always other coins that are ignored.</p><p><br /></p><p>Take for example these two bronzes. Both are from Nikomedes I. Both are similarly rare. The first commonly goes from 400 to well over a 1000 at auction (a copy at the latest Leu went for 800). The second typically goes for under 100. Why? I'm not really sure, but I can say that the first coin was originally all we had from Nikomedes I, so it had a history of high prices. The second was unearthed more recently, and initially sold at Savoca, which generally receives lower prices.</p><p><br /></p><p>Going forward, I suspect buyers researched the coins to see that the first type went high while the second one didn't. Personally, if I wanted an example from Nikomedes I, I'd grab the second coin since it's cheaper and a bit more interesting. However, I suspect some buyers just feel that a more expensive coin <i>must</i> be better.</p><p><br /></p><p>(FWIW, when I bought these I knew about both copies but for the longest time could only find the first one. Due to its condition, it sat at the dealer's for a long time so I picked it up on sale. I later grabbed the second at auction.)</p><p>[ATTACH=full]1456288[/ATTACH] </p><p><br /></p><p>[ATTACH=full]1456289[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="kirispupis, post: 8258776, member: 118780"]In my limited experience with ancient coins, it certainly seems that buyers have a herd mentality. For example, take a look at what's going on with high quality bronzes from Pantikapaion (especially at the last Leu). They're going for ridiculous amounts even though recent hoards have flooded the market. Could it be the anticipation that they'll become scarcer due to the war? I don't know. The thing is, certain coins or coin conditions suddenly come into vogue. It's like fashion. Everyone and their cat has to have one. However, there are always other coins that are ignored. Take for example these two bronzes. Both are from Nikomedes I. Both are similarly rare. The first commonly goes from 400 to well over a 1000 at auction (a copy at the latest Leu went for 800). The second typically goes for under 100. Why? I'm not really sure, but I can say that the first coin was originally all we had from Nikomedes I, so it had a history of high prices. The second was unearthed more recently, and initially sold at Savoca, which generally receives lower prices. Going forward, I suspect buyers researched the coins to see that the first type went high while the second one didn't. Personally, if I wanted an example from Nikomedes I, I'd grab the second coin since it's cheaper and a bit more interesting. However, I suspect some buyers just feel that a more expensive coin [I]must[/I] be better. (FWIW, when I bought these I knew about both copies but for the longest time could only find the first one. Due to its condition, it sat at the dealer's for a long time so I picked it up on sale. I later grabbed the second at auction.) [ATTACH=full]1456288[/ATTACH] [ATTACH=full]1456289[/ATTACH][/QUOTE]
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