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<p>[QUOTE=&quot;Al Kowsky, post: 4014264, member: 97383&quot;]The coin pictured below (photos courtesy of Stack&#039;s-Bowers) was offered last Sunday with a variety of choice ancient coins at a Stack&#039;s-Bowers auction. The coin had a rather &quot;flowery&quot; description with an estimate of $500 - 700. I purchased this coin about 15 years ago from a Harlan Berk bid/buy sale for $200. After acquiring a better looking example I got the coin slabbed &amp; sent it to Heritage 7 years ago with a consignment. The coin sold at Heritage for $431.25 so I was happy with the result <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />. Much to my surprise the coin failed to sell at the Stack&#039;s-Bowers auction <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />. The consignor put a reserve of $460 on the coin, only $40 from the low estimate, was this a mistake <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie12" alt="o_O" unselectable="on" unselectable="on" />? Sometimes when a bidder sees an opening bid so close to the low estimate they are reluctant to start the bidding. Heritage as a general rule will start bidding at 1/2 of the low estimate.</p><p><br /></p><p>[ATTACH=full]1055725[/ATTACH]</p><p>[ATTACH=full]1055727[/ATTACH]</p><p>[ATTACH=full]1055728[/ATTACH]</p><p><br /></p><p>The year 2012 was a stellar year for selling Caracalla tetradrachms at Heritage <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" />. Many records were set that year including the rather crude coin pictured below (photos courtesy of Heritage).</p><p>[ATTACH=full]1055730[/ATTACH]</p><p><b>Gaza, Judaea. Caracalla, AD 215-217. Billon Tetradrachm: 12.93 gm, 27 mm, 7h. </b>At the time this coin was apparently unpublished &amp; not listed by Prieur. It sold for <b>$33,460.00 <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie57" alt=":jawdrop:" unselectable="on" unselectable="on" />!!!</b></p><p>[ATTACH=full]1055731[/ATTACH][/QUOTE]</p><p><br /></p>

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