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<p>[QUOTE="dougsmit, post: 1221848, member: 19463"]While books like Harl are great for developing a feel for spending power of coins we have to recognize that Rome was subject to the same pressures as modern times. When I was a new collector the US minimum wage was less than 1/5 what it is today. Back then we might consider $8 as a fair equivalent but I thing $40 is closer today when more people make $8 and hour than a day. </p><p><br /></p><p>Your coin is well worth the price paid in most markets but several of us (myself included) would not have paid that much for it on eBay. Some of us agree with the theory that slabs are safer but I find those white tabs that hold the coins in place repulsive and whould not own a coin in such a coffin. That doesn't mean you shouldn't. I respect David Vagi's opinion but won't pay for it and was not a bidder on this coin even though I do not have one of the exact type (but would like to!). There is a lot of room for opinion in ancient coin collecting. Watch this space for examples of what the rest of us buy. One of my recent posts showed three Republican denarii I got at a coin show which happened to sell for about the same total as your one coin. You may be able to sell your nice slabbed one for more but I have three times the fun with my three. That is why I am happy that there are so many options available to us.</p><p><a href="http://www.cointalk.com/t182078/" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t182078/">http://www.cointalk.com/t182078/</a></p><p><br /></p><p>Post more as you get coins or questions. It is a friendly group even if we don't all agree on everything.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 1221848, member: 19463"]While books like Harl are great for developing a feel for spending power of coins we have to recognize that Rome was subject to the same pressures as modern times. When I was a new collector the US minimum wage was less than 1/5 what it is today. Back then we might consider $8 as a fair equivalent but I thing $40 is closer today when more people make $8 and hour than a day. Your coin is well worth the price paid in most markets but several of us (myself included) would not have paid that much for it on eBay. Some of us agree with the theory that slabs are safer but I find those white tabs that hold the coins in place repulsive and whould not own a coin in such a coffin. That doesn't mean you shouldn't. I respect David Vagi's opinion but won't pay for it and was not a bidder on this coin even though I do not have one of the exact type (but would like to!). There is a lot of room for opinion in ancient coin collecting. Watch this space for examples of what the rest of us buy. One of my recent posts showed three Republican denarii I got at a coin show which happened to sell for about the same total as your one coin. You may be able to sell your nice slabbed one for more but I have three times the fun with my three. That is why I am happy that there are so many options available to us. [url]http://www.cointalk.com/t182078/[/url] Post more as you get coins or questions. It is a friendly group even if we don't all agree on everything.[/QUOTE]
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