In my last article, I told you about the different prices that can be found with buying/selling Roman coins. Telling you that it could range from a few euros. Up to literally hundreds of thousands of euros. So that’s what we’re going to see in this new article, analyzing the most expensive Roman coin in the world.
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It was in 2008, at an auction, that the most expensive Roman coin in the world was sold. This, for the modest sum of 2 million Swiss francs or about 1,680,000 euros. (For the record, the most expensive currency ever sold is the “flowing hair dollar,” the very first dollar. It sold in 2013 for more than $10 million).
For 1,680,000 euros, we could expect a very good quality aureus, make for a rare emperor. And still, even being a very big collector, it’s “a little expensive” and above all, you must have the wallet that goes with it. But not at all, it’s actually a sesterce of Hadrian. This currency is considered the most beautiful of the history, according to experts who have authenticated it. And was estimated at 400,000 Swiss francs or 330,000 euros. On the observe, you can see Hadrian’s bust. On the setback, Pax on the right holding an olive branch of the right hand and a cornucopia of the left hand.
Even today, this sesterce remains the most expensive Roman coin ever sold. It can be noted that this coin was sold 5 times its estimated value. Which is huge especially for such large sums of money. I’m not saying this coin was bought too expensive. For such specimens, it is very difficult to make a correct estimate. But here, the estimate/sale price ratio was a very good example.
Therefore, it is always better to learn about prices and to know the value of coins. I advise you to buy the coins always at their fair estimate or a little below if possible. Why buy a currency at the right price? Simply because Roman coins are limited objects. Indeed, apart from copies and counterfeits, (don’t hesitate to go see my article “5 mistakes not to make when you start” if you do not know the difference between these two terms) the production of Roman coins is over. As a result, their number is limited. And it keeps decreasing because of the action of time, the error of men (melting)… . That is why their value continues to increase.
The purchase of Roman coins can therefore be considered an investment in the same way as gold, real estate … Even if you only make money on resale. Be careful of course to remain correct if you buy a currency where you set the price. Because you don’t want to fool people even if a lot of money is in the driver’s right. It is better to gain an acquaintance in the numismatics and not earn or little money than the other way around. In fact, the topic of the next article will be how to define the price of any currency.
Indeed, in next week’s article, I will inform you about the various very simple and basic techniques that exist to give a correct estimate to currencies. So if you want to avoid certain mistakes, don’t miss it. See you next week!
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