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Authenticity Distinguishing between genuine and fake objects.

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Old Apr 7, 2009, 12:22 PM   #31
cogito
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I feel your pain, Mark. Particularly after Gemini (long story). What's particularly disheartening is seeing my Pamphylia slinger (the one that went for 3250 in Gemini) already up at Busso Peus for 4000 Euro! And, another of my Gemini coins was recently sold for 30% mark-up. Apparently Gemini this year was the venue for mid-level coin bargains and lucrative flipping opportunities.

BTW - you were wise to go with Zach. I've resolved to stick with Barry or Zach now that I've had a running (or)deal with the majors.

J
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Old Apr 7, 2009, 02:38 PM   #32
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Originally Posted by cogito View Post
I feel your pain, Mark. Particularly after Gemini (long story). What's particularly disheartening is seeing my Pamphylia slinger (the one that went for 3250 in Gemini) already up at Busso Peus for 4000 Euro! And, another of my Gemini coins was recently sold for 30% mark-up. Apparently Gemini this year was the venue for mid-level coin bargains and lucrative flipping opportunities.

BTW - you were wise to go with Zach. I've resolved to stick with Barry or Zach now that I've had a running (or)deal with the majors.

J
Jeff,

Thanks for the vote of confidence . There are good deals to be found in every auction (if you have the money). I can certainly relate to your situation though - a coin I consigned last year at auction ended up selling for around $8,000 and was sold a couple of months later at Triton for over $12,000! Auctions are tricky - dealers with lots of cash flow can buy coins collectors will want a couple of months after the auctions are done because collectors will have money again at that time. I just don't have the kind of cash or cash flow to get into that program.

--Beast
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Old Apr 7, 2009, 02:52 PM   #33
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Originally Posted by ibex-coins View Post
Ah, your explanation fills in a small question in the back of my mind. Recently on VCoins I noted that Zach was offering some very fine coins, slightly higher in grade and quality than I was used to seeing. Not that he doesn't always have some fine coins, but the range and volume seem dramatically increased.
Well, I can explain this a little too. Part of it is the economy. I have been working really hard the past year in buying higher-end coins for my inventory, so some of the new stuff actually is mine (Licinius solidus, Balbinus denarius, Pupienus antoninianus, Maximus denarius, etc.). However, most of the inventory going in the store the past 6 or more months has all been consigned collections (or parts thereof). I didn't really set out to do consignments, since Beast Coins is a one-man operation, so I have to do everything myself. But, I had a number of friends who wanted to sell some or all of their collections, so I put something together to help folks. It started when Vel Garnett passed away a few years ago and his wife Marcie contacted me as Vel and I knew each other through email for years. Vel had 500 coins in his collection and I can't imagine any dealer in their right mind offering more than $5000 for the whole thing as most of it wasn't high grade. But, knowing Vel was a Gordian fanatic, I took the collection on consignment and wrote up all of the coins individually (and one scrappy group lot) and made a page for the collection so Marcie would always have a momento of Vel's work:

http://www.beastcoins.com/Collection...tt/Garnett.htm

By doing it this way, Marcie ended up getting something like $28,000 for the coins (after consignment fees) and was really happy. Since then, a few other friends needed to sell some coins, so Mark has his own page to visit his treasures:

http://www.beastcoins.com/Collection...MarkDrazak.htm

Voz has one for his Tetrarchy collection (still in process of selling those)

http://www.beastcoins.com/Collection...-Tetrarchy.htm

and Keith Emmett hasn't told me how far we are with his collection yet, so that may take me years to finish selling for him (he sends me 40-80 coins at a time)

http://www.beastcoins.com/Collection...RomanEgypt.htm

When Keith and I are done, we are going to go back and clean up any errors I've made and include notes for some of the coins. Should be the most complete on-line reference for Roman Egypt available at that time (Keith Emmett wrote one of the standard references on Roman Egypt coins).

So, some of the observation of greatly upgraded inventory is intentional and some is a matter of timing of some really phenomenal consignments. Mark's coins do, however, make most of my personal inventory look like floorsweepings though....

--Beast
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Old Apr 8, 2009, 12:53 PM   #34
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This has put me in an extremely foul mood, and I can't begin to express how conflicted I am about putting some of these coins up for sale. A few of them are irreplaceable and I am sure they will dissappear for years to come in some collection.

Some days I just want to vomit. Most days I just mope around.

There you have it.
Mark,

Well, maybe this will cheer you up. Here is feedback I just received from the new caretaker of your Honorius solidus:

"The coin arrived today. It is stellar. Thanks again for the speedy, courteous service."



Honorius, AV Solidus, 408-420, Constantinople, Officina 10
D N HONORI_VS P F AVG
Pearl-diademed, helmeted, cuirassed bust facing, shield with horse and rider design in left hand, spear in right hand over right shoulder
CONCORDI_A AVGG I
Constantinopolis enthroned facing, head right, vertical scepter in right hand, Victory on globe in left, right foot on prow
* in left field
CONOB in exergue
21mm x 22mm, 4.48g
RIC X, 201 (Theodosius II)
Ex Mark Drazak Collection; Ex Mike Summers Collection; Ex Ed Waddell
Grade: Sharp EF

I told him to give it a good home and that if I didn't have CICF coming up in two weeks I would have bought this one for my own collection (wish I could afford your Sybaris!)

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Old Apr 8, 2009, 01:25 PM   #35
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Originally Posted by BeastCoins View Post
Mark,

Well, maybe this will cheer you up. Here is feedback I just received from the new caretaker of your Honorius solidus:

"The coin arrived today. It is stellar. Thanks again for the speedy, courteous service."


--Beast
Mike sold that to me.

I wish I got to you before it sold. Tell your buyer he's lucky my email went down on Friday.
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Old Apr 8, 2009, 03:49 PM   #36
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Mark,

I miss it already and it wasn't even my coin!

We all have coins though that we wish we could get back. I sold this one for $9,750 a few years ago and don't even want to think what I would have to pay today to try to get it back.



Constantine III, AV Solidus, 407-408, Lugdunum
D N CONSTAN_TINVS P F AVG
Rosette-diademed, draped, cuirassed bust right
VICTORIA-AAAVGGGG
Emperor standing right, labarum in right hand, Victory on globe in left, left foot on captive laying on ground facing left
L | D across fields
COMOB in exergue
21mm x 22mm, 4.45g
RIC X, 1506

Grade: Lustrous gEF, extremely well-struck. Small flan flaw on edge. Absolutely stunning in hand.

Note: This is one of the very few coins of all Roman Imperial issues designating the rule of four Augusti. The reverse legend terminating in GGGG (and struck only at Lugdunum) signifies Arcadius and Theodosius II in the Eastern Empire and Honorius and Constantine III as usurper in Gaul in the Western Empire. Until recent hoard evidence, it was thought the fourth Augustus on this issue represented Constantine III's son, Constans II. Hoard evidence shows this to be Honorius instead as this issue is from 407-408, thus predating Constans II's elevation.

Or this one I sold for $10,450 around the same time.



Constans, AV Solidus, 337-338, First Group, Siscia
FL IVL CONS_TANS P F AVG
Laurel and jeweled-diademed, draped, cuirassed bust right
FELICI_TAS-PE_RPETVA
Constantine II, nimbate, wearing mantle and chlamys, enthroned facing, right hand raised in benediction, feet placed on stool inscribed with VOT . V; Constans and Constantius II enthroned facing on either side, each wearing mantle and chlamys and holding mappa in right hand, head turned toward their brother in center
SIS* in exergue
22mm, 4.37g
RIC VIII, 18a

Note: This solidus was issued on the occasion of the celebrations of the Quinquennalia of Constans on Dec. 25, 337. The reverse stresses the harmony between the three brothers after having surmounted some difficulties at the beginning of the common reign. The accentuate position of Constantine II underlines his role as "Primus inter pares."

Very rare - only about four pieces known.

Or this one for $7,750:



Libius Severus, AV Solidus, 462-465, Milan
D N LIBIVS SEVERV_S PERPETV AVG (ligate)
Rosette-diademed, draped, cuirassed bust right
VICTORIA-AVGGG
Emperor standing facing, long cross in right hand, Victory on globe in left, right foot on head of human-headed coiled serpent
M | D across fields
COMOB in exergue
22mm, 4.41g
RIC X, 2723

Grade: EF, but weakly struck in spots on reverse. Matte surfaces. Extremely attractive coin in hand.

Those were the good old days....

--Beast
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