Leu Web Auction 28 - 9/14 Dec: some of my coins from my Collection are offered

[Prieure de Sion]

Salve!

Some of my coins from my collection will be at the upcoming Leu Web Auction 28 from December 9th. until December 14th. offered. Since pictures don't always reflect reality, I wanted to make a list of the existing videos about the coins for some interested parties. So you not only see the image of the coin at Leu - but you can also get a "picture" of the coin with a video. Maybe this will help someone or other people make their decision.

Leu Web Auction 28 from 09.12. to 14.12.2023
https://leunumismatik.com/en/auction 

My coins offered at the auction now follows...

 

World Coins
Netherland, Gold Ducat, Schulmann 32: https://leunumismatik.com/en/lot/46/6578 
Video: https://youtu.be/kqpa1QIEH10?si=2PrzCPoOIYurzvyR 

Braunschweig-Lüneburg, Silver Bracteate, Bonhoff 102: https://leunumismatik.com/en/lot/46/6450 
Video: https://youtu.be/sVMEHdCMqcs?si=TfylMSPd6Hw4gP5j

Braunschweig-Lüneburg, Silver Bracteate, Bonhoff 113: https://leunumismatik.com/en/lot/46/6449
Video: https://youtu.be/-nj_sWz0EhY?si=KVyA35Jb5FYNlwyd

Augsburg, Silver Bracteate, Bonhoff 1918: https://leunumismatik.com/en/lot/46/6429
Video: https://youtu.be/gc4HJlhp-5s?si=GLeEzWNJDOtILqUb

Armenia Hetoum I and Zabel, Silver Tram, AC 341: https://leunumismatik.com/en/lot/46/6302
Video: https://youtu.be/AEWSSUDhQjI?si=JEPBA1SrYny-qcM-

 

Greek Coins
Mysia Pergamon, Silver Tetradrachm, Kleiner 35: https://leunumismatik.com/en/lot/46/1280
Video: https://youtu.be/w1eNqtG24_E?si=0kMGp9ZJQqlcDWbo

 

Roman Provincial Coins
Pergamum, Lucius Verus / Commodus, Bronze, RPC 3291: https://leunumismatik.com/en/lot/46/2237
Video: https://youtu.be/0PTdGzmN31s?si=tVhYGFDCVVA9USlo

Dioshieron, Commodus, Bronze, RPC 1239: https://leunumismatik.com/en/lot/46/2266
Video: https://youtu.be/KhtF8cyCGtE?si=T3Yq71L6hJgpFJBA

Tripolis, Commodus, BIG Bronze, RPC 17452.1, Unique: https://leunumismatik.com/en/lot/46/2281
Video: https://youtu.be/_Y_CBsHQOnc?si=X37oq46jp7InHSU3

Antiochia, Commodus, Bronze, RPC 7367.2: https://leunumismatik.com/en/lot/46/2334
Video: https://youtu.be/FIDXulqTd3g?si=-Cm5o5VZxAk5UvMs

Apollonia-Mordiaeum, Commodus, Bronze, RPC 7734.5: https://leunumismatik.com/en/lot/46/2340
Video: https://youtu.be/-7LJo6ftX50?si=up1A2v8xSpp5fRpR

Cappadocia Caesarea, Commodus, Silver Drachm, RPC 7094: https://leunumismatik.com/en/lot/46/2447
Video: https://youtu.be/a3U5iGQsxlg?si=BhcNDiTkC-xyiw6e

Cappadocia Caesarea, Commodus, Silver Drachm, RPC 7112.14: https://leunumismatik.com/en/lot/46/2448
Video: https://youtu.be/Jf3-fGksmiw?si=STVQ76fMrOXsmuSh

Cappadocia Caesarea, Commodus, Silver Drachm, RPC 7122: https://leunumismatik.com/en/lot/46/2449
Video: https://youtu.be/dFQaLpDECs8?si=72ZpO_1dxrj_5y6J

Cappadocia Caesarea, Commodus, Silver Drachm, RPC 7116: https://leunumismatik.com/en/lot/46/2450
Video: https://youtu.be/ErU6N1cTuMM?si=vNlX143k_1fT6b76

Antioch Seleucis, Gordianus III, Silver Tetradrachm, Prieur 286: https://leunumismatik.com/en/lot/46/2571
Video: https://youtu.be/JUGul49-3WY?si=OXDTb02KBuKS7--8

Antioch Seleucis, Gordianus III, Silver Tetradrachm, Prieur 294: https://leunumismatik.com/en/lot/46/2578
Video: https://youtu.be/YMDd8oCUUs4?si=vrz9lxKXpkvVO-gE

 

Roman Republic
L. Mussidius Longus, Venus Cloacina, Silver Denarius, Crawford 494/42c: https://leunumismatik.com/en/lot/46/3131 
Video: https://youtu.be/bYCs4030U0Q?si=xiN0PW5lmuoGifqU

 

Roman Imperial
Commodus, Victory, Silver Denarius, RIC 642: https://leunumismatik.com/en/lot/46/3765
Video: https://youtu.be/c45ZREQRNVQ?si=UDHj5skMsEgKlJtB

The coin was a part of the famous Graham Collection of Roman Imperial Coins (Tinchant, Paul [a.k.a. “Graham, Richard J.”]; Jacques Schulman N.V. The Richard J. Graham Collection of Ancient Greek, Roman and Byzantine Coins including a splendid series of Roman Bronze Medallions. Catalog of public auction [243], 8 June 1966. Amsterdam. 1966. [Clain-Stefanelli 3668 & 4978])

Commodus, Victory, Silver Denarius, RIC 666: https://leunumismatik.com/en/lot/46/3769
Video: https://youtu.be/CEFWdaGimrU?si=JlQFshvGd3__lxUa

Commodus, Fortuna, Silver Denarius RIC 2: https://leunumismatik.com/en/lot/46/3772
Video: https://youtu.be/RM50qNrVmBI?si=-OYX6lNg9aMDgkmY

Rare variant without beard. There is a version without and one with a beard. Shortly before or during the change of power.

Commodus, Roma, Silver Denarius RIC 5: https://leunumismatik.com/en/lot/46/3777
Video: https://youtu.be/2AV-QvVWh84?si=d7TcTE6P8O3WORf5

RIC III 5 variant, which is not catalogued in the RIC. The Commodus denarius RIC 5 generally belongs to the rather rare pieces. The bust on the obverse is indicated as “Head of Commodus, laureate, right”, but what can be seen is “Head of Commodus, laureate and draped, right”. This variant presented here is extremely rare and has only been sold once at auction in the last 22 years

Commodus, Liberalität, Silver Denarius, RIC 36: https://leunumismatik.com/en/lot/46/3784
Video: https://youtu.be/EXOJOd8v9YE?si=jQIsiKDvy9MiSnLI

Extremely rare variant with narrow abacus between legend letters!

Commodus, Libertas, Silver Denarius, RIC 168: https://leunumismatik.com/en/lot/46/3795
Video: https://youtu.be/tH-VRE4kv84?si=Uh0Rlie1GeA4pdTl

Commodus, Aequitas, Silver Denarius, RIC 164: https://leunumismatik.com/en/lot/46/3796
Video: https://youtu.be/E0fSGRJgfjo?si=B8eqbyGDOECOAOM1

Commodus, Securitas, Silver Denarius, RIC 190: https://leunumismatik.com/en/lot/46/3797
Video: https://youtu.be/cORHw1VqUPQ?si=MN1-5DBXBDfqO9-o

Commodus, Libertas, Silver Denarius, RIC 208: https://leunumismatik.com/en/lot/46/3798
Video: https://youtu.be/-YfzwwdV_Wo?si=VSJ_6JCiHxcjzkns

Commodus, Jupiter Protector, Silver Denarius, RIC 256: https://leunumismatik.com/en/lot/46/3799
Video: https://youtu.be/6MBHXtxN4ew?si=qX6p0fBHObVwMyol

Gordianus III, Aequitas, Silver Antonianus, RIC 34: https://leunumismatik.com/en/lot/46/4080
Video: https://youtu.be/zsPMKSA1jSs?si=j8M0_dyzbb2IVwW2

Gordianus III, Liberalitas, Silver Antonianus, RIC 36: https://leunumismatik.com/en/lot/46/4082
Video: https://youtu.be/UcU7uTPviJk?si=s1P3ZHdPpzdMUfsj

Gordianus III, Aequitas, Silver Antonianus, RIC 63: https://leunumismatik.com/en/lot/46/4095
Video: https://youtu.be/LCYcPxGox_o?si=gXZvjyG2ukkMdCDw

Gordianus III, Roma, Silver Antonianus, RIC 70: https://leunumismatik.com/en/lot/46/4100
Video: https://youtu.be/dni47TUixHU?si=h5_ZvnFRCQ5D0b3M

Gordianus III, Apollo, Silver Antonianus, RIC 88: https://leunumismatik.com/en/lot/46/4111
Video: https://youtu.be/R6qBfSVZf-Q?si=ww4rYKC1rsV4SVhc

 

 

If you have any questions, feel free write here in the Thread or contact me with PN.

 

Edited December 6, 2023 by Prieure de Sion

[CPK]

Nice coins. Best of luck in the sale!

[Ancient Coin Hunter]

Amazing coins @Prieure de Sion : Hope to bid on a couple. The Commodus Caesar of Tripolis I bet, with a starting price of $250 will go through the roof in terms of price realized.

[kirispupis]

Good luck at auction! I won't be bidding on any as they're outside my collecting goals, but the Commodus Tripolis coin is stunning.

[Ancient Coin Hunter]

Quote

 

Went ahead and made a bid on the Tripolis coin...i'll be monitoring it

Edit: I won't be commenting on this coin again until the auction ends....🕓

 

Edited December 7, 2023 by Ancient Coin Hunter

[Ancient Aussie]

Great coins and I will be watching.... But what have you got against poor Commodus?

[Prieure de Sion]

A little push 😉 ... Leu Auction startet today (my lots tomorrow)... 

[Prieure de Sion]

On 12/8/2023 at 2:52 AM, Ancient Aussie said:

Great coins and I will be watching.... But what have you got against poor Commodus?

Unfortunately I have to say that I am very very very disappointed with the Leu auction. I can say that now. With Leu I had promised myself that I would get stable prices. I understand that with any auction there is a risk of getting less than you paid. You might only get 75% - maybe even just 50% of the purchase price. But sometimes only 25%? And not just one coin?

I know the prices on the market. And I know what money you can get for which coins at other auctions.

When I look at my prices, I could have given the coins to a less well-known auction house. Savoca, Solidus - even there you have to pay 100 to 150 euros for a good Commodus silver denarius at the auction.

Examples?

 

A very rare Gorndianus III Tetradrachm - hammered at Nomos for 800 CHF - hammered yesterday at Leu for 110 CHF:
https://leunumismatik.com/en/lot/46/2578 

110 CHF! Normally a good and a little rare Tetradrachm are around 200 Euro. Every common 0815 Tetradrachm from Philips I / II you must pay 150-200 Euro. But 110 CHF for that? 

Same as my Commodus Caesar Denarius. Normally you pay for a Commodus as Caesar more than 150 Euro - if it was in a good condition. For example - I don't know any Naumann Auktion I get a good Commodus Caesar or Augustus Denarius lower than 100 Euro. But today - my Commodus sold for 70 CHF or 80 CHF... etc.

Leu Lot and Picture: https://leunumismatik.com/en/lot/46/3765 
My Picture: https://yothr.me/cri/yothr-cri-177-2a-commodus-victory/
Sold 80 CHF

No Info thats a coin from the famous Graham Collection (and I send all informations) - nothing. A Commodus Caesar Denarius from Graham 1972 with fantastic silver color toning and metallic shade - buyer for 350 USD - sold for 80 CHF. Great!

 

And this prices realized for so many of my coins... sold for rubbish prices. 

Sorry - but at every other Auctions I get more. If I know this before - it was better sell the coins for low price at eBay. 

 

ha ha ha in this seconds - thats so "funny": https://leunumismatik.com/en/lot/46/3797 

45 CHF!!! 45 CHF !!!! It was this Commodus: https://yothr.me/cri/yothr-cri-189-1a-commodus-securitas-orbis/ 

Yes - this was not a 150 Euro coin. But 45 CHF is nothing! Now deduct my commission that I have to pay - then it would have been better to give this coin away here. I would have enjoyed it more.

 

What a disaster of an auction. But I saw that the other consignor doesn't have it any other way. Some of the other coins from other consignors also go for junk prices. This auction was a disaster (as a consignor). Good for buyers.

[shanxi]

That didn't go well for you. Maybe there were just too many coins in the auction at once?

Unfortunately, not everything was a bargain. I bid on two Faustina II Denarii. I was outbid on one with just one Swiss franc. Hammer price 251 CHF, the other (fortunately the more important one) I was able to get, but for 240 CHF.

Edited December 12, 2023 by shanxi

[TheTrachyEnjoyer]

Minor and even major rarities can be overlooked when the competition is 5-10,000 of their closest friends

[seth77]

I am so sorry to hear about your auction misfortune and the understandable frustration. I wonder if some of the less than stellar condition material wouldnt have fared better with auctions such as Savoca Blue. The minimal description they provide for their lots is sometimes very effective: it encourages potential buyers to go deep into their own research and sometimes this translates into them becoming more invested in pursuing said coin(s). It happened to me more than once and I know it happens regularly.

Then there is the time of the year. I tend not to bid on much in December because the winter holidays make shipping slow down to a halt. Plus with the presents and vacations, a lot of people have less time and available funds for coins.

And then there is the customs problem. I for instance dont even watch CH, UK or US auctions because the hassle of having stuff held at customs is not worth it. But this might just be me.

But if I am allowed an assessment, it would be that your items suffered from a cumulation of these three factors in variable degrees.

Edited December 12, 2023 by seth77

[Prieure de Sion]

29 minutes ago, shanxi said:

Unfortunately, not everything was a bargain. I bid on two Faustina II Denarii. I was outbid on one with just one Swiss franc. Hammer price 251 CHF, the other (fortunately the more important one) I was able to get, but for 240 CHF.

Yes, if 1, 2 or 3 bidders want a coin, the price can go higher. But it seems to me that there aren't that many coins at this auction.

 

29 minutes ago, shanxi said:

That didn't go well for you. Maybe there were just too many coins in the auction at once?

For me - and as I see, not necessarily for other consignors either - when I see some other prices from other lots. There are some coins - including those from other consignors - that remain under 100 CHF, some even under 50 CHF. Good coins!

Think about it, one of the cheapest emperors is Gordianus III. And no matter whether Naumann, Savoca, HD Rauch, Gorny, Busso... You have to pay at least 75 euros on average (or more) for a good Gordianus III in their auctions. And this is one of the cheapest emperors. And now Commodus and other emperors are going out today for less than 50 CHF?

Don't get me wrong - great for all the buyers. But believe me. As a consignor and seller, you are always aware that you can make some losses! That is completely clear! But when your coins are sold for less than 50 CHF - cheaper than on Ebay - then it really hurts!

 

I have a guess. But of course it is just a subjective personal guess without any evidence. At Leu you can easily sell rarities. That's why they have the audience. If a live auction starts with lots of expensive, valuable coins, Leu has a lot of regular customers who are willing to pay high prices. But when it comes to the "normal" mid/low range coins - they may not have enough regular customers for them. And too little attention. And therefore too few bidders.

If you want to consign mid/low range coins - you may be better off with other auction houses?!

 

22 minutes ago, TheTrachyEnjoyer said:

Minor and even major rarities can be overlooked when the competition is 5-10,000 of their closest friends

And that's just what happens. There may be too many lots on too many days for this auction! And therefore too many of the same lots of the same emperor or type.

Yesterday I felt like I saw 10x Lentulus Spinther denarii. It's logical that this is distributed among all the bidders! And with that the price is also depressed.

Too many coins, too many coins from one collecting area, one ruler, one series...

 

And then you do something like this: https://leunumismatik.com/en/lot/46/6928 

A whole lot of 16 coins. Other auction houses photograph such a lot at least with the front and back. So no one is really offering money for it. And what a compilation - Gordian Silver, Gordian Province, Commodus Province and Commodus Silver. 

The Commodus coin in the middle with the great portrait is also beautiful on the back - but no one can see that. The Gordianus III Denarius as well. You don't sell something like that in bulk. And the two provincial coins above - that is a unique piece, which was published in a Turkish publication as a newly discovered type of the city - and the coin next to it is also a unique piece. All this information was available - and yet it was a completely pointless compilation. In another (mid-range) auction house they would have been auctioned off individually. I fear a financial disaster with this lot too.

 

 

Edited December 12, 2023 by Prieure de Sion

[Prieure de Sion]

2 minutes ago, seth77 said:

But if I am allowed an assessment, it would be that your items suffered from a cumulation of these three factors in variable degrees.

Absolute... 

This doesn't matter for "high-level" coins. The buyers are financially strong buyers. At 10,000 CHF they don't care about the customs costs. The clientele also doesn’t care what time of year it is. They just have the money. It doesn't matter the customs or when the auction is - for exclusive pieces.

When it comes to mid/low range pieces, the customer base is different (without meaning any harm). She also pays attention - rightly - to other factors. And this auction was probably at the wrong time, in the wrong place, for the wrong clientele.

And yes - mid/low range coins are probably better off elsewhere. Good coins also stand out more from the crowd here.

Well - you can't change it anymore. The auction is ongoing and will end - and you are one experience richer. But it annoys you. I wouldn't have gotten anything less from Catawiki.

[Kaleun96]

I think Leu having such large auctions can be a curse in at least two respects: (1) I don't even bother checking sections of coins that I would otherwise because there's simply too many, and (2) I usually have much larger watchlists than at any other auction but my budget remains the same.

I spoke about this the other week on the Discord server: for a collector like me, I'm not saving up 3 months of budget just because the Leu auction is 3x larger than any other. I go in with the same budget that I would for any other auction, with a focus to buy maybe 1-2 coins of my targets if possible. The difference is that I may have 40 coins on my watchlist instead of 15 but I'm still only walking away with 1 or 2 at most.

If Leu split their auctions over 3 months, there's a much higher chance I'd be buying more coins from them. By throwing all of their coins in one auction, Leu aren't competing for my budget in Month 1 or Month 2, only in Month 3. In Month 1 & 2, all the other auction houses like CNG, Roma, Savoca, Naumann, Nomos etc have free reign on my budget as there's no Leu auction to compete. When it comes to Month 3, Leu may be more likely to get my money in that month than the other auction houses because I have more targets with them but they're limiting themselves to getting only 1 month's worth of my budget, while every other auction house with monthly auctions is competing for 3 months worth.

Though that's just me and how I try to budget my collecting, I know that for many others the scenario above wouldn't apply to them at all.

[TheTrachyEnjoyer]

22 minutes ago, Prieure de Sion said:

And the two provincial coins above - that is a unique piece, which was published in a Turkish publication as a newly discovered type of the city - and the coin next to it is also a unique piece. All this information was available

If this happened to me, I would pull my consignment. How is a unique, published coin thrown into a group lot with no mention?

Edited December 12, 2023 by TheTrachyEnjoyer

[Salomons Cat]

@Prieure de Sion, I fully agree... And I'm sorry for this experience that you made here. I'm shocked about the group lot. 

42 minutes ago, Prieure de Sion said:

And then you do something like this: https://leunumismatik.com/en/lot/46/6928 

A whole lot of 16 coins. Other auction houses photograph such a lot at least with the front and back. So no one is really offering money for it. And what a compilation - Gordian Silver, Gordian Province, Commodus Province and Commodus Silver. 

The Commodus coin in the middle with the great portrait is also beautiful on the back - but no one can see that. The Gordianus III Denarius as well. You don't sell something like that in bulk. And the two provincial coins above - that is a unique piece, which was published in a Turkish publication as a newly discovered type of the city - and the coin next to it is also a unique piece. All this information was available - and yet it was a completely pointless compilation. In another (mid-range) auction house they would have been auctioned off individually. I fear a financial disaster with this lot too.

I think that it is the job of an auction house to mention such things. It is not only bad for the consignor if such important aspects about a coin are not mentioned. All of the information that is mentioned in the auction gets saved in databases - if they don't describe the coins accurately this just gets lost... A part of their provision is for the description of the coins. I don't really see an excuse for what they did here. I agree with @TheTrachyEnjoyer that this would be a reason for me to withdraw a consignment, if this information was available to them and they put it in a group lot without your agreement.

Edited December 12, 2023 by Salomons Cat

[CPK]

22 minutes ago, Kaleun96 said:

I think Leu having such large auctions can be a curse in at least two respects: (1) I don't even bother checking sections of coins that I would otherwise because there's simply too many, and (2) I usually have much larger watchlists than at any other auction but my budget remains the same.

I spoke about this the other week on the Discord server: for a collector like me, I'm not saving up 3 months of budget just because the Leu auction is 3x larger than any other. I go in with the same budget that I would for any other auction, with a focus to buy maybe 1-2 coins of my targets if possible. The difference is that I may have 40 coins on my watchlist instead of 15 but I'm still only walking away with 1 or 2 at most.

If Leu split their auctions over 3 months, there's a much higher chance I'd be buying more coins from them. By throwing all of their coins in one auction, Leu aren't competing for my budget in Month 1 or Month 2, only in Month 3. In Month 1 & 2, all the other auction houses like CNG, Roma, Savoca, Naumann, Nomos etc have free reign on my budget as there's no Leu auction to compete. When it comes to Month 3, Leu may be more likely to get my money in that month than the other auction houses because I have more targets with them but they're limiting themselves to getting only 1 month's worth of my budget, while every other auction house with monthly auctions is competing for 3 months worth.

Though that's just me and how I try to budget my collecting, I know that for many others the scenario above wouldn't apply to them at all.

This was my thought too - perhaps the auctions are just too large - 7,000 lots is simply too much. And as you say, having an auction 3 (at least!) times larger than other houses doesn't mean that we, the average collectors will be able to spend 3x times the money.

@Prieure de Sion I am very sorry to hear of the disappointing performance! I don't think Leu has done your collection justice at all.

[Ancient Coin Hunter]

Sorry your results financially were not what you expected. However, I noted lot 2281 (Commodus Tripolis medallion) was listed at 200 CHf but went for a hammer of 1500 CHf which is a nice outcome. I did indeed bid on the coin which had 16 bidders.

I think one of the problems was just too many featured collections and too many coins. I think smaller, more frequent auctions would be better for sellers. As it turns out I won 1 coin - an anonymous folle featuring Christ Pantocrator on the obverse and the Virgin Mary in the orans position on the reverse (time of Romanus IV) where I was a last second high bidder. Weight and size were good at about 8 grams.

And, I have been thinking of consigning some of my coins after I got an email from Ken McDevitt. Now I probably won't.

Edited December 12, 2023 by Ancient Coin Hunter

[Prieure de Sion]

4 minutes ago, Ancient Coin Hunter said:

Sorry your results financially were not what you expected. However, I noted lot 2281 (Commodus Tripolis medallion) was listed at 200 CHf but went for a hammer of 1500 CHf which is a nice outcome. I did indeed bid on the coin which had 16 bidders.

Not, when this coin comes from the little auction house Savoca with a hammered price of 2.000 Euro. And if the coin hammered with Savoca - a little not world wide known Auctionhouse for exclusive coins - get 2.000 Euro hammered ... I find 1.500 CHF a little bit to smal. But this lote was one of the better one. When I see other coins will sold for 40-45 CHF ... that would be terrible.

PS: i am sure I get only 1500 CHF because I postet this coin all Facebook groups with a video from me and make so many advertisement for that.

 

------------
Oh well. Now it's too late anyway. The auction is still running tomorrow and then it will be over anyway.

But it's ok for me now. I have come to terms with the loss - and also that some coins were not presented as desired.

It's like always in life - sometimes you just have to have certain experiences.

I just had to write down my frustration. Nobody in the family knows anything about antique coins. When I complain at the dinner table that a good Commodus, a Gordianus, and two good Province Coins were thrown into one group - I might as well have said that the Transgalactic Confederacy of the Consortium had declared war on the Klingons. The understanding would have been the same.

Sorry - but I just had to unload my frustration here. But it's okay again.

 

Edited December 12, 2023 by Prieure de Sion

[Ancient Coin Hunter]

3 minutes ago, Prieure de Sion said:

Oh well. Now it's too late anyway. The auction is still running tomorrow and then it will be over anyway.

But it's ok for me now. I have come to terms with the loss - and also that some coins were not presented as desired.

It's like always in life - sometimes you just have to have certain experiences.

I just had to write down my frustration. Nobody in the family knows anything about antique coins. When I complain at the dinner table that a good Commodus, a Gordianus, and two good Province Coins were thrown into one group - I might as well have said that the Transgalactic Confederacy of the Consortium had declared war on the Klingons. The understanding would have been the same.

Sorry - but I just had to unload my frustration here. But it's okay again.

I hear that about family members. Any coin discussion is completely useless and uninteresting to them. Heck, they weren't even impressed with my 76 gram Ptolemy IV hockey puck.

[Prieure de Sion]

2 minutes ago, Ancient Coin Hunter said:

Heck, they weren't even impressed with my 76 gram Ptolemy IV hockey puck.

...common I need more fun today. Please show me! I like this big weight coins. Last week I try to get one of an auction - but I loose the bidding race. 

[Ancient Coin Hunter]

Here it is

Egypt Ptolemaic Empire

Ptolemy IV (221-204 B.C) Philopator

AE Drachm

Observe: Zeus Ammon

Reverse: PTOLEMAOIS BASILEOS, Eagle standing

Weight 76 grams, 42 mm

I purchased it from a German auction house on M-A Shops. Price was kind of high but still in my range.

 

Edited December 12, 2023 by Ancient Coin Hunter

[Prieure de Sion]

7 minutes ago, Ancient Coin Hunter said:

Weight 76 grams, 42 mm

This types are great coins - love them! Gratulation - fantastic example!

[Prieure de Sion]

 

Really? 

35 CHF: https://leunumismatik.com/en/lot/46/4111

40 CHF: https://leunumismatik.com/en/lot/46/4082

 Yes, this are no exclusive coins - but at other houses the double price absolutely normal. I don't remember I get a 35 CHF silver denrarius coin any last auctions. I buy every day coins. And I don't remember I get at any auction this prices for buy. 

 

But yes - it was as you all say. Around 7.000 coins are too much. Too much - so many of coins must handled in grouped lots. And too many coins for the buyers. 

Supply and demand. And if you sell 7000 coins in an auction - there is too much supply and not enough demand. And that always means falling prices. But that's what happens when you think you have to make money with mass.

I'm disappointed and pissed off. Honestly. You give it to a reputable auction house and you would have been much better off with any small auction house.

But now I switch off and devote myself to nicer things. There's no point in getting any more upset. I have to try to just accept that I made a mistake.

I'll get the bill at some point and will (have to) simply accept the bitter - completely unnecessary - loss.

[JayAg47]

2 hours ago, Prieure de Sion said:

And then you do something like this: https://leunumismatik.com/en/lot/46/6928 

A whole lot of 16 coins. Other auction houses photograph such a lot at least with the front and back. So no one is really offering money for it. And what a compilation - Gordian Silver, Gordian Province, Commodus Province and Commodus Silver. 

I was actually looking for the reverse and really shocked they didn't include one! I can understand for lots with 100s of coins, but c'mon  even small dealers on eBay show both sides for low value coin lots. This clearly shows that this particular auction house doesn't care for all their lots equally. 

Also a problem with showing only one side in group lots is that buyers will assume the auction house is hiding the 'problem' sides, so they simply skip over or don't bid beyond a limit.

Edited December 12, 2023 by JayAg47