Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
The Auction Merry-Go-Round
>
Reply to Thread
Message:
<p>[QUOTE="Al Kowsky, post: 3187624, member: 97383"]On September 15, 2010 I won a beautiful tetradrachm of Caracalla from Tyre, Phoenicia, at CNG Auction 85, lot 683, for $2,645.00. See photo below, courtesy of CNG.</p><p>[ATTACH=full]822379[/ATTACH] </p><p>I decided to sell the coin with a large consignment in the Heritage Platinum Auction on January 7, 2018. Before sending the coin to Heritage I sent it to NGC for slabbing. See photos below.</p><p>[ATTACH=full]822382[/ATTACH] [ATTACH=full]822383[/ATTACH] </p><p>The time between buying & selling the coin, almost 8 years, the ancient coin market lost a lot of its value as did the entire coin market. The antiques & collectibles markets took a similar hit. It appeared that all these markets had peaked & finally corrected. Heritage ended up selling my coin for $2,640.00, so I didn't feel too bad with the result. Yesterday while browsing thru the latest auction of Roma Numismatics of London, lo & behold, I spotted my Caracalla tetradrachm stripped of its NGC encapsulation! See the link at the end of this post. The coin currently has a bid of 1,600 British pounds which converts to $2,078.33 American dollars. The London auction closes on the 26th of this month. I found it very interesting that no mention of the coin being in the Heritage auction was in their description. Will this coin sell for more raw than it did slabbed by NGC ? Time will tell....</p><p><br /></p><p><a href="http://romanumismatics.com/auction/lot/0482/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://romanumismatics.com/auction/lot/0482/" rel="nofollow">http://romanumismatics.com/auction/lot/0482/</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Al Kowsky, post: 3187624, member: 97383"]On September 15, 2010 I won a beautiful tetradrachm of Caracalla from Tyre, Phoenicia, at CNG Auction 85, lot 683, for $2,645.00. See photo below, courtesy of CNG. [ATTACH=full]822379[/ATTACH] I decided to sell the coin with a large consignment in the Heritage Platinum Auction on January 7, 2018. Before sending the coin to Heritage I sent it to NGC for slabbing. See photos below. [ATTACH=full]822382[/ATTACH] [ATTACH=full]822383[/ATTACH] The time between buying & selling the coin, almost 8 years, the ancient coin market lost a lot of its value as did the entire coin market. The antiques & collectibles markets took a similar hit. It appeared that all these markets had peaked & finally corrected. Heritage ended up selling my coin for $2,640.00, so I didn't feel too bad with the result. Yesterday while browsing thru the latest auction of Roma Numismatics of London, lo & behold, I spotted my Caracalla tetradrachm stripped of its NGC encapsulation! See the link at the end of this post. The coin currently has a bid of 1,600 British pounds which converts to $2,078.33 American dollars. The London auction closes on the 26th of this month. I found it very interesting that no mention of the coin being in the Heritage auction was in their description. Will this coin sell for more raw than it did slabbed by NGC ? Time will tell.... [url]http://romanumismatics.com/auction/lot/0482/[/url][/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
The Auction Merry-Go-Round
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...