Message:

<p>[QUOTE=&quot;Tejas, post: 4002114, member: 84905&quot;]I guess we have to differentiate: Price is a function of supply and demand. The vast injection of new money has increased all asset prices (house prices +60% in 5 years; stock price +110% in 5 years; prices for art +X% and of course prices for ancient coins). However, with the opening up of eastern Europe, the deployment of metal detectors and so on also the supply of coins has increased, at least in some areas.</p><p>&nbsp;</p><p>Where it has, the demand effect may have been partially or fully offset by the new supply. Where it has not, the demand effect has lifted Prices - it simply had to. The latter is in particular the case for high quality, high end coins as the ones which registered once again record prices in the last Triton Auction.</p><p><br /></p><p>Prices for such coins have in many cases multiplied in recent years, which partly explains such discrepancies between auction estimates and hammer prices as demonstrated above by the hemistater, which was estimated at USD 15000,- and sold for USD 84000,-.</p><p><br /></p><p>As for hard data, this very hemistater, i.e. exactly the same piece that was sold for USD 84000,- in the last Triton sale, sold for a mere USD 8500,- in 2005, which was the normal price back then. </p><p><br /></p><p><a href="https://www.acsearch.info/search.html?id=241722" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.acsearch.info/search.html?id=241722" rel="nofollow">https://www.acsearch.info/search.html?id=241722</a></p><p><br /></p><p style="text-align: left"><span style="font-size: 16px"><font face="Verdana"><span style="color: rgb(20, 20, 20)">I call a 10-fold increase over 15 years a price explosion, which affects all ancient coins that have not seen an increase in supply. But, granted where coin hoards or other finds have raised supply, prices may have been stable or even fallen. In my view this is particularly the case for low quality/low condition coins, which have been dug up in larger quantities by metal detectorists in recent years.</span></font></span></p><p>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in