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By: pirgah
Images:

Ancients & Medievals
Metallic gray

2 months ago
Post: 575
Rome (ancient empire)
Ancient
Questions: Value? Condition?

Hi Paul. I´m trying to learning how to find a best value estimate on coins. The coin above is just an example. It´s not my coin. I searched extensively at vcoins, coinsarchives, wildwinds, ma-shops.de, and other, but there´s a big range of value. Of course the explanation must be: coin condition, inscription, alignment, market, RIC # and other factors.

So I´m asking if you Paul, are going to make an estimate value of that particular coin, which would be it, how you did it, and which factors are the most important to be considered in this
particular case and others too. Remember...I´m trying to learn. That way, I will try not keep asking every time I find a coin, helping coinquest, not making the same questions all over
again.

 
By: Ash Bash
2 months ago
Post: 579
Never be afraid of asking the same questions over and over, it's what we're here for, to answer any and all.

 
By: pirgah
2 months ago
Post: 580
Thanks AshBash. In any case, would you mind to teach me in that specific coin, or any other you wish, how to get an estimate value of the coin? Just FYI I have followed the terminology tips too, but sometimes everything all goes to 'coin appeal' and I see not well preserved coins (not rare) with high values and better ones with low value and this confuses me a lot. Excuse me if I´m not understandable.
 
By: Paul
2 months ago
Post: 581
I am working other projects at the moment, but I look forward to answering your question with some specifics. Actually, it is a good topic for a full-length article.

Probably the biggest factor in the value of an individual coin is randomness. The specific buyer (collector) and the specific seller (dealer, auctioneer) meet at random. Conditions surrounding the sale are also random.

Catalogers like CoinQuest do well if we come close to the value when averaged over all conditions.
 
By: Paul
Image:

2 months ago
Post: 593

Check this image of a coin like yours. It sold for $475 US dollars during a 2017 auction by Gorny & Mosch Giessener Münzhandlung. Looking at other coins in similar condition in the auction database, the $475 figure is a good average number. For any one particular buy/sell transaction, the 'randomness' factor addressed above could easily divide the value by two, or multiply it by two, so a typical range of values for this coin is $250 to $900.

(Note: the 'auction database' mentioned above is a professional numismatic database to which CoinQuest subscribes. The $600 per year subscription price is offset by revenue from advertisements we run on the CoinQuest web site.)

Assuming we are talking about normal collector coins, and not coins with prices driven by market hype ('Look at this: It has a genuine Certificate of Super-coolness, and it is in a jewel-encrusted display holder signed by Mr. Big Shot'), the two primary factors that enter into the 'randomness' equation are (1) the fit to the buyer's collection and (2) the skill of the seller.

If a collector is organized and has focused collection goals, any particular coin will fit nicely into his or her collection, or it won't. A collector considering a coin with good fit will be willing to pay more for it than other collectors. Hence the price goes up ... up toward the top-end of the collectors budget range.

Similarly, if the seller has an excellent, well-establish record of service with the buyer, the buyer will be more comfortable and more willing to pay a premium price.

You can see these two factors are extremely subjective. They defy precise characterization. Hence the 'random' nature of coin pricing.

 
By: Paul
2 months ago
Post: 594
The more mechanical aspects of coin pricing are summarized on our 'Terminology' page. Click the [coinquest] link under 'Web reference' to the left. The factors are:

EYE APPEAL
WEAR
TONING
HOLDER

CLEANING
DAMAGE

Collectors who enjoy coins usually enjoy them because of their historic and artistic qualities. Again a subjective and 'random' thing, eye appeal makes all the difference in a coin's price. Only after inspecting hundreds of coins do you get a feel for what a coin with eye appeal looks like. It is hard to describe, but you known it when you see it. If a coin stands out and looks better than 30 other coins of the same type, it has high eye appeal.

To me, eye appeal is the most important factor in a coin price decision, even more important than wear. I have seen many coins with lots of wear but terrific eye appeal. They command higher prices, at least from me!

The technical grade of a coin measures the amount of wear. Less and less wear mean higher and higher prices.

Factors of toning and holders contribute to a lesser extent than eye appeal and wear.

Cleaned or damaged coins are a disaster. If a coin's price seems very low compared to prior research you have done, it is probably because it has been cleaned or damaged in some other way.
 
By: Joshua
Web references:
1. [www.ebay.com]
2. [coinquest.com]
2 months ago
Post: 608
Hi there,

In terms of particularly Ancient coinage, or more of my specialty, Roman, here is my generalized method of estimating a coins value. Before I go on, I would note first that as it is generalized, it does not account for rare variations of coins, such as whom it was minted by, its design, historical significance and so on, and due to that, it does not apply in every case.

For most Roman silver coins, they can be divided into 3 categories, which I am heavily generalizing. The estimates given are the prices that I would use myself.

The first one is of very poor quality, where it is only possible to make out perhaps only the emperor's identity, or a 'most likely' identity. They would perhaps go for around $10.

The average piece is a reasonable silver coin, able to be identified with its full detail after some research if needed, and has some damage. Basically, the coin can be identified, and would go for say $30. Take for example the coins pictured in the link on the right, they are the quality of coins a friend of mine sells for that price.

Those superb very nice looking pieces, I do not deal in, but typically, they would have excellent detail, and not many damages, which I would place the image of the coin you supplied in this category for a reference. These ones would most likely be $100+.

Issues with the coins such as rare items, severely broken, fouree pieces, notable figures depicted and more would effect the rough guide.

My theory for the best estimate is roughly by using the guide above as a base guide, and from there, find out if the coin in question would be at that base line, and around that price, or if it is above it, and how much.

Of course the value of these coins are unpredictable, but presuming that there is no drastic change in the market for them, and by having experience of looking at how much Roman coins sell for, or selling at, you may develop a sort of instinct. After that, which I find it allows for a more accurate estimate of an item's worth, check out some references to be sure.

However, estimating an item's worth, as I have said, does not always work and should not be used for every coin you wish to estimate its value, but only as a rough guide to build upon. Take the example of the second link on the right referencing to a coin of Roman Emperor Aemilian I have in my collection. The top right photo depicts the coin, found in a lot of silver coins that was sold online, with the acquisition of that coin costing around $10. Without the knowledge of the identity of that piece, it could be estimated that it be worth around $30 or so. But with research, it is appraised at around $100-200, and sold for $150.

Please note that this is only my opinion on the matter, not a 'instruction set' for your question. Hopefully, you may find something in my opinions useful in your learning on estimating an item's worth.

In terms of appeal in terms of a coin's worth, especially of Ancient coinage, it depends on who is interested in it. Some collectors prefer their coins in different conditions, even if it is the exact same coin that they are talking about, and thus, different values for it.

Joshua

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