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<p>[QUOTE=&quot;sand, post: 7829293, member: 118540&quot;]That&#039;s a good question. For me, it depends on 2 factors.</p><p>1. How much of an expert, were the previous owners of the coin?</p><p>2. Can I look up the provenance, on the internet?</p><p>The coin in your OP is way above my budget, for a single coin. Therefore, for that coin, I have no idea, what the provenance would be worth, to me.</p><p>Most of my ancient coins have cost less than $100, with some coins in the $100 to $450 range.</p><p>Therefore, almost all of the ancient coins, that I have purchased, have only had 1 &quot;level&quot; of provenance. By 1 &quot;level&quot; of provenance, I mean, that I bought the coins, from dealers or auction houses, which seemed to have some expertise or knowledge, about the particular types of ancient coins. Some persons, may not consider &quot;level 1 provenance&quot; to be provenance at all. But I do, in a way.</p><p>Only 1 of my ancient coins, had a 2nd level of provenance. The seller mentioned, that the coin was formerly auctioned, at a CNB Triton XIV auction, and I was able to find that auction listing, with photos of the coin, on the internet. I researched the CNB Triton auctions, and I found out, that the CNB Triton auction house, seemed to be knowledgeable about ancient coins. I also believed, that the seller had a pretty good level of expertise, for that type of coin. That&#039;s 2 &quot;levels&quot; of provenance, to me : a knowledgeable seller, and a knowledgeable previous auction house. I paid $190 for the coin. If the coin didn&#039;t have the 2nd level of provenance, then probably I still would have paid $190 for the coin, because of the seller&#039;s expertise. Because of the 2nd level of provenance, I may have paid up to $250 for the coin. Therefore, perhaps, the 2nd level of provenance was worth $60 to me, for that coin.</p><p>If an ancient coin doesn&#039;t have at least 1 level of provenance (knowledgeable seller or knowledgeable auction house), then I usually won&#039;t buy the coin at all, because I usually don&#039;t trust myself, to authenticate a coin, from seller photos. Therefore, the 1st level of provenance, is worth 100% of the price of the coin, to me.[/QUOTE]</p><p><br /></p>

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