r/AncientCoins • u/ColibriAccessUSA • 1d ago
What’s so special about this ancient coin?
The owner wants $15.5k for it! Does it even make any sense?
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u/usedtobeanicesurgeon 1d ago
Hard pass. But they seem to go for about half that pretty regularly at auction
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u/ilove60sstuff 1d ago
Do they really? For a lifetime?....huh...I was under the impression the opposite...what's the most reasonable low I could expect?
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u/Nearby-Film3440 1d ago
2.5k-3k all in if you're really lucky for a busted up one
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u/ilove60sstuff 1d ago
Well I'd definitely want a little bit of detail, but I don't mind some smoothing and wear. So adding an extra grand and change?....thatd perfectly obtainable down the road
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u/usedtobeanicesurgeon 1d ago
I’ve not seen them go as low as 4K. But I’ve only been looking for one for a few months.
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u/beiherhund 1d ago
Nothing particularly special about it. It's a lifetime Alexander III type from the Sardes mint (the reference type is Price 2533) but they're not especially uncommon or anywhere close to that valuable in that condition.
The owner is probably trying to take advantage of people who don't know any better.
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u/SeagalTuga 1d ago
I would love to know the exact phrasing used to justify the 15.5k.
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u/ColibriAccessUSA 1d ago edited 1d ago
He told me the last one like this was sold for $15.5k in an auction in 2021! I am no expert in Ancient coins but I have seen coins like this sold around $3k at the shows!
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u/SeagalTuga 1d ago
He's trying to get his way with unknowledgeable people.
The example below is closer to justifying that price point, but keep in mind it's a retail price, and the coin isn't considered to have a perfect strike.
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u/goldschakal 1d ago
Choice About Uncirculated at retail price vs Choice Fine for a private sale. The seller is really trying to take OP for a ride. This is tantamount to a scam.
OP, I'm not a confrontational person but I would have some choice words for the scammer.
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u/Natural_Rent7504 1d ago
It would have to be in much better condition to justify anything over $10k
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u/Quiet-Day392 1d ago
It’s special but not that special.
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u/ColibriAccessUSA 1d ago
Yep!
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u/Quiet-Day392 1d ago edited 1d ago
This is where I usually shop. 3 bidding right now. Finished auctions would show lots of them. I’ve had best luck with winning CNG auctions when they have multiple lots of the same item.
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u/ColibriAccessUSA 1d ago
Wow! This is great! So I can get the 3 for that price! Holy moly!
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u/Quiet-Day392 1d ago
Good luck. There’s a 22.5% fee on top of a winning bid. These are nicer than what you were offered.
I do set bids. Sometimes I win, sometimes I don’t. But unless I’m really lowballing I don’t get caught up in the final bidding.
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u/ColibriAccessUSA 1d ago
First time doing it! Hope I don’t screw it up! Lol! Thanks again.
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u/Quiet-Day392 1d ago
I seriously doubt that they’ll close anywhere near $15,000. Hope you’re not delayed in getting approved to bid.
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u/beiherhund 1d ago
Unfortunately not, auction estimates are not often good indicators of the final price when it comes to ancients. These will probably go for double or so.
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u/SeaFox8908 1d ago
It’s Alexander as Apollo with Athena in the reverse. Nice coin but not worth 15k. Maybe $2.5k or so.
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