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preference: decrepit great rarity or EF common coin?
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<p>[QUOTE="dougsmit, post: 8193968, member: 19463"]Tejas summarizes the situation well. In today's very digital world, ancient coins are quite analog. All EF coins are not equally EF. All interesting coins are not equally interesting. All rare coins are not equally rare. All imperfect coins did not become degraded in the same way. When we choose between that single coin and the 100 commons we have to face many other factors. Are the 100 coins all the same type? If all that matters is grade we should not care but I can't recall meeting a collector whose choice was collecting ancients by the mint roll. When we have a hundred of the 'same' thing we are very aware of how they are different rather than how they are alike. </p><p><br /></p><p>A question for specialists: Do you feel the need to have an example of each of the common coins in your specialty? Do you get more satisfaction out of owning the finest example of something that exists by the thousands or the finest example of the very few known? What if the finest known is only VG? In my specialty collections, I want the VG but in my general collection, I'll hope that finest 'dog' finds a home somewhere else. The 1834 book on Roman Coins by Akerman only listed what he decided were 'rare' coins. He did not waste space enumerating all the types that existed but filled two volumes with 'rarities' even ranking them according to which were most rare among the rare. In 1999, David Vagi gave us a priced guide which, for example, listed a generic price for denarii of Septimius Severus in three grades (starting at $15) and then added eleven 'better' types that ranged from $5 more to twenty times as much in the same grade. His upgrades were based on market demand rather than rarity with a couple common but popular coins being listed separately and no mention of many types seen less frequently. Of his eleven, I have only five. In 1999, the difference between F and EF seemed to average around 10x. Today? </p><p>Obligatory coin images below show the Vagi mentioned 'upper' types I have. Each was +$5 in fine or as much as 3x in VF compared to the basal listing. I'd call mine VF. Are these now $50-100? Should I prefer a part share in one of the more desirable coins listed at $400-1500 in the same grade? This is the decision we all make. </p><p>[ATTACH=full]1435093[/ATTACH] [ATTACH=full]1435094[/ATTACH] [ATTACH=full]1435095[/ATTACH] [ATTACH=full]1435096[/ATTACH] [ATTACH=full]1435097[/ATTACH] </p><p><br /></p><p>For those not familiar with it, the link below is my January 2000 review of the David Vagi two volume set. It is sometimes easy to find single volumes offered separately not always mentioning that they only are offering one of the two. It is also possible to find some sellers asking several times as much as others so do shop around before buying. How much is it worth? As with the coins, that is very much a matter of opinion. </p><p><a href="https://www.forumancientcoins.com/dougsmith/book.html#vagi" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.forumancientcoins.com/dougsmith/book.html#vagi" rel="nofollow">https://www.forumancientcoins.com/dougsmith/book.html#vagi</a>[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 8193968, member: 19463"]Tejas summarizes the situation well. In today's very digital world, ancient coins are quite analog. All EF coins are not equally EF. All interesting coins are not equally interesting. All rare coins are not equally rare. All imperfect coins did not become degraded in the same way. When we choose between that single coin and the 100 commons we have to face many other factors. Are the 100 coins all the same type? If all that matters is grade we should not care but I can't recall meeting a collector whose choice was collecting ancients by the mint roll. When we have a hundred of the 'same' thing we are very aware of how they are different rather than how they are alike. A question for specialists: Do you feel the need to have an example of each of the common coins in your specialty? Do you get more satisfaction out of owning the finest example of something that exists by the thousands or the finest example of the very few known? What if the finest known is only VG? In my specialty collections, I want the VG but in my general collection, I'll hope that finest 'dog' finds a home somewhere else. The 1834 book on Roman Coins by Akerman only listed what he decided were 'rare' coins. He did not waste space enumerating all the types that existed but filled two volumes with 'rarities' even ranking them according to which were most rare among the rare. In 1999, David Vagi gave us a priced guide which, for example, listed a generic price for denarii of Septimius Severus in three grades (starting at $15) and then added eleven 'better' types that ranged from $5 more to twenty times as much in the same grade. His upgrades were based on market demand rather than rarity with a couple common but popular coins being listed separately and no mention of many types seen less frequently. Of his eleven, I have only five. In 1999, the difference between F and EF seemed to average around 10x. Today? Obligatory coin images below show the Vagi mentioned 'upper' types I have. Each was +$5 in fine or as much as 3x in VF compared to the basal listing. I'd call mine VF. Are these now $50-100? Should I prefer a part share in one of the more desirable coins listed at $400-1500 in the same grade? This is the decision we all make. [ATTACH=full]1435093[/ATTACH] [ATTACH=full]1435094[/ATTACH] [ATTACH=full]1435095[/ATTACH] [ATTACH=full]1435096[/ATTACH] [ATTACH=full]1435097[/ATTACH] For those not familiar with it, the link below is my January 2000 review of the David Vagi two volume set. It is sometimes easy to find single volumes offered separately not always mentioning that they only are offering one of the two. It is also possible to find some sellers asking several times as much as others so do shop around before buying. How much is it worth? As with the coins, that is very much a matter of opinion. [URL]https://www.forumancientcoins.com/dougsmith/book.html#vagi[/URL][/QUOTE]
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