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<p>[QUOTE="AncientJoe, post: 8337975, member: 44357"]Thanks! While I don't normally share prices, it is worth highlighting for the purpose of this thread.</p><p><br /></p><p>The coin was originally estimated at 500 Euro and I ended up paying 13K Euro hammer. It didn't have a meaningful pedigree until my dealer unearthed one which added a considerable amount of value to me as well.</p><p><br /></p><p>Alexandrian drachms are available at a much lower price-point but this is a particularly popular type. It isn't horribly rare but it is tough to find in a high grade.</p><p><br /></p><p>To arrive at a price, I used a few comparable examples:</p><p><br /></p><p>[ATTACH=full]1478345[/ATTACH] </p><p>This coin sold in 2011 for $13K hammer and then re-sold in 2017 for $9500 hammer. The surfaces, detail, and style aren't nearly as nice as the one I purchased but it was still listed as "The finest to appear on the market in recent memory. Several grades better than the best piece located in Coin Archives." </p><p><br /></p><p>I hate the modern coin squabbles between MS66 and MS67 but in the case of provincial bronze, a relatively small difference in metal or strike can indeed make a significant different in price. Personally, this coin feels overpriced and others seem to agree as it sold for a loss after 6 years.</p><p><br /></p><p>Another example sold in 2018 for $6K hammer with a great pedigree but with green deposits that I personally found distracting in-hand so I didn't bid. The reverse strike is excellent though but the overall metal isn't particularly smooth.</p><p><br /></p><p>[ATTACH=full]1478347[/ATTACH] </p><p><br /></p><p><br /></p><p>Here's the auction house image of the coin I purchased:</p><p><br /></p><p>[ATTACH=full]1478348[/ATTACH] </p><p><br /></p><p>It shows nicer surfaces and style but I wasn't 100% confident in the coin until an in-hand viewing by my dealer as well as a video of the coin. The video thankfully looked much closer to what the coin looks like in reality. When placing the images next to each other, it's interesting to see how much of a difference a slight variance in lighting can produce.</p><p><br /></p><p>[ATTACH=full]1478349[/ATTACH] </p><p><br /></p><p>So, to me, when considering metal quality, style, and strike, I felt that the Kunker coin was worth 3x+ the first piece and at least 2-3x the second (which seemed under-priced when it sold).</p><p><br /></p><p>All that said, it is entirely possible to buy a very attractive example of the type for ~$200-300 which will have exactly the same history and carry with it the same level of enjoyment. I'm fortunate to be able to afford expensive coins but this type was on my list long before I could buy an example in this condition. The satisfaction of holding history doesn't increase with the pricetag.</p><p><br /></p><p>I hope this helps![/QUOTE]</p><p><br /></p>
[QUOTE="AncientJoe, post: 8337975, member: 44357"]Thanks! While I don't normally share prices, it is worth highlighting for the purpose of this thread. The coin was originally estimated at 500 Euro and I ended up paying 13K Euro hammer. It didn't have a meaningful pedigree until my dealer unearthed one which added a considerable amount of value to me as well. Alexandrian drachms are available at a much lower price-point but this is a particularly popular type. It isn't horribly rare but it is tough to find in a high grade. To arrive at a price, I used a few comparable examples: [ATTACH=full]1478345[/ATTACH] This coin sold in 2011 for $13K hammer and then re-sold in 2017 for $9500 hammer. The surfaces, detail, and style aren't nearly as nice as the one I purchased but it was still listed as "The finest to appear on the market in recent memory. Several grades better than the best piece located in Coin Archives." I hate the modern coin squabbles between MS66 and MS67 but in the case of provincial bronze, a relatively small difference in metal or strike can indeed make a significant different in price. Personally, this coin feels overpriced and others seem to agree as it sold for a loss after 6 years. Another example sold in 2018 for $6K hammer with a great pedigree but with green deposits that I personally found distracting in-hand so I didn't bid. The reverse strike is excellent though but the overall metal isn't particularly smooth. [ATTACH=full]1478347[/ATTACH] Here's the auction house image of the coin I purchased: [ATTACH=full]1478348[/ATTACH] It shows nicer surfaces and style but I wasn't 100% confident in the coin until an in-hand viewing by my dealer as well as a video of the coin. The video thankfully looked much closer to what the coin looks like in reality. When placing the images next to each other, it's interesting to see how much of a difference a slight variance in lighting can produce. [ATTACH=full]1478349[/ATTACH] So, to me, when considering metal quality, style, and strike, I felt that the Kunker coin was worth 3x+ the first piece and at least 2-3x the second (which seemed under-priced when it sold). All that said, it is entirely possible to buy a very attractive example of the type for ~$200-300 which will have exactly the same history and carry with it the same level of enjoyment. I'm fortunate to be able to afford expensive coins but this type was on my list long before I could buy an example in this condition. The satisfaction of holding history doesn't increase with the pricetag. I hope this helps![/QUOTE]
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