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Why is This Spanish Constantine-Era Hoard So Special?
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<p>[QUOTE="Orielensis, post: 4229730, member: 96898"]The real value here obviously are the historical conclusions archeologists may be able to draw from this find, which appears remarkable due to its size and composition. Since these coins apparently came straight from the mint, they might, for example, yield insights into die life and wear or other details of coin production. I'd also be interested in what mint(s) they are from – this might tell us something about how money was brought into circulation during the tetrarchy. It will be exciting to (hopefully) see more information published at some point.</p><p><br /></p><p>Since it won't enter the market, asking fo the financial value of this hoard is purely academic – but let's do it:</p><p><br /></p><p>My own late tetrarchy folles weigh between 7.5 and 11g. Let's be generous and assume that the coins in the hoard have a median weight of 10g. That means that there must be about 60.000 coins in the 600 kg hoard. Personally, I'd be happy to pay about $30 for an uncirculated high grade example of a tetrachical follis like the ones shown in the pictures. I'm definitely not a big spender, so I assume most other ancient collectors would agree to a price somewhere in this ballpark, too. Thus multiplying the estimated number of coins in the hoard with the estimated per coin value, I come up with a sum of $1.800.000, making this quite a valuable find.[/QUOTE]</p><p><br /></p>
[QUOTE="Orielensis, post: 4229730, member: 96898"]The real value here obviously are the historical conclusions archeologists may be able to draw from this find, which appears remarkable due to its size and composition. Since these coins apparently came straight from the mint, they might, for example, yield insights into die life and wear or other details of coin production. I'd also be interested in what mint(s) they are from – this might tell us something about how money was brought into circulation during the tetrarchy. It will be exciting to (hopefully) see more information published at some point. Since it won't enter the market, asking fo the financial value of this hoard is purely academic – but let's do it: My own late tetrarchy folles weigh between 7.5 and 11g. Let's be generous and assume that the coins in the hoard have a median weight of 10g. That means that there must be about 60.000 coins in the 600 kg hoard. Personally, I'd be happy to pay about $30 for an uncirculated high grade example of a tetrachical follis like the ones shown in the pictures. I'm definitely not a big spender, so I assume most other ancient collectors would agree to a price somewhere in this ballpark, too. Thus multiplying the estimated number of coins in the hoard with the estimated per coin value, I come up with a sum of $1.800.000, making this quite a valuable find.[/QUOTE]
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