Ancient Coins as an Investment
Вставка
- Опубліковано 4 сер 2024
- Disclaimer: All the opinions and statements in this video do NOT constitute financial advice. This video is entirely for entertainment purposes
----------
The collectibles market has seen impressive prices recently. Ancient coins being no exception. This has led many people to start seeing ancient coin collecting as an investment opportunity.
Should you do it? Should you just keep being a hobbyist? What would be best for a person aspiring to speculate in this very complex market to know in order to succeed? Lets discuss it in this episode.
Video "Ancient Coins: What Drives their Prices" mentioned in this video:
• Ancient Coins: What Dr...
Like the drawings on my videos? Get them on a T-SHIRT: leob.creator-spring.com/
--------
Recommended Literature (Affiliate links):
Roman Coins and Their Values - amzn.to/3kEY6CS
100 Greatest Ancient Coins - amzn.to/3hKz1o4
The Handbook of Ancient Greek and Roman Coins - amzn.to/3iTB1vv
Greek Coins and Their Values - amzn.to/3mKng4S
----- Recommended STORAGE and DISPLAY solutions for your coins (Affiliate links) -----
Transparent diamond COIN DISPLAYS - amzn.to/39Tmmyu
Leuchturm Coin case L6 - amzn.to/3ttvMbL
Leuchturm Coin Box 35 - amzn.to/39TBkV0
Leuchturm Coin Capsules - amzn.to/3oW1o6q
Leuchturm Wooden Coin Presentation - amzn.to/3azeQHW
Leuchturm Coin case S6 - amzn.to/3aAZTFu
I absolutely adore my Ancient Greek and Roman coins. My oldest is an Ionian, Miletus obol with a Lion on the obverse and a stellate pattern on the reverse. It’s from the late 6th-5th centuries BC. And NGC graded it MS Strike: 5/5 and Surface: 5/5. Every time I look at it as well as my other ancients, I am transported back to the ancient world.
Video request: The history of numismatics and coin collecting :)
Lovely idea! I'll give it some consideration :)
Best ancient coin youtube
Just started collecting ancient roman coins a couple of months ago (for joy ;p), and thanks to you i have been able to really appreciate coin collecting and now im waiting on my 3rd coin please keep up the good work :D
Love it, welcome to the hobby!!
This is great to hear! Welcome to the hobby!
I much rather talk to collectors than investors. I have nothing in common with investors. For me this is a love and passion, not just a money making tool. I wish the investors would go play with bullion or cyrpto or stocks or other things which are usually more lucrative anyway. If I've ever made an investor feel unwelcome, I'm not at all sorry.
Well, we need to have in mind that dealers themselves do engage in a bit of speculating, and these guys are the ones that go through the work of getting us our coins, so a bit of a stimulus for a monetary reward must exist.
That being said, I do agree with you, I dont have a whole lot of love for people who just buy a coin as an asset, hoard it, and just try to skim a profit in any way possible
@@ClassicalNumismatics This is true, but most dealers I've met are hobbyists too or at least began that way. And those are awesome people. There are also dealers who are horrible to talk to and are bitter. It's a full spectrum.
@@markp44288 I went to a local coin show last week and spent an hour browsing one ancient dealers wares. He spent the whole time telling me about the histories behind coins that I picked up. That is a good kind of dealer.. He made me more interested in collecting by sharing the passion. And yes, my pocket was lighter in dollars but heavier in ancients as a result.
@@kotto7877 Perfect kind of dealer, and perfect kind of collector.
I think your classifications as hobbyist, collector and coin investor is quite accurate and extremely helpful.
As a coin hobbyist I feel the same - if I break even or make a small profit, that is great but I accept there will be a good portion I may make a modest loss. As a collector of modern coins, I collect American Innovation dollars knowing that at best is I will make a very small profit IF I hold them and keep them in good condition.
And love the history of Puellae Faustinianae, never knew this!!!
I collect for hobby today and something nice to leave my nephew one day. This is the 3rd time I watched this video. It's the best on this subject I' ve found. This time because I've built up a nice collection over a couple of years and am ready to begin looking for more important pieces. Nothing too crazy but I'm still missing a Julius Caesar denarius for example. I started late and wanted to make up for lost time and your videos have helped me in many ways. Ty again. BTW, that Faustina II is gorgeous.
I always thought my complete original vinyl collection of 70s bands 'Smokie' and 'The Rubettes' would be worth quite a few gold drachma by now - unfortunately that is very far from the case - at present - but I am still hopeful.
I stumbled upon the Roman inflation earlier this year in a history course on UA-cam, which made me want to trade my financial assets for physical ones, which led me back to ancient coins. I don't expect to profit but at least I can touch history and enjoy my small but growing collection if things go bad.
I would buy a lot of gold roman coins, because i love gold coins, the mind blowing history, and because romans had a big presence in my city Braga (Bracara augusta) and also use to mine gold here in the north of portugal (tresminas) , if you visit North of Portugal you can visit roman gold mine very well preserved and see tunnels and the way they carry the gold etc... But i am also thinking in this like a investment against inflation of Euro(i think Euro cloud lose all value in the future do to hyper inflation), a way to hide money from government, and a way to store value. All this doing a thing that i like, even if i lose some money trying to sell ( and i would only sell if i really needed the money) i think i will not regret. That is what i am thinking right now, about my strategy.
It's sad that some people treat ancient coins just as investments and send up prices, making the coins less accessible to those who collect for the love of ancient coins.
Yes. Although that is not in itself a bad thing. The real worry is that as more and more people become interested in the ancient world, prices will skyrocket and eventually the market will dry up - there is only a finite number of ancient coins. This happened with Classical sculpture 100 years ago - while just 100 aristocrats in Europe were collecting, there was a thriving market in London and elsewhere. Nowadays virtually everyone would have a Roman statue if they could, and so the market doesn’t exist any more. When a statue comes on sale it goes for 45 million. This is slowly happening to ancient coins. Good for collectors with big collections perhaps, but not not newcomers.
yeah it's unfortunate, but with everything else that make peoples interested, scalpers will come, and make ancient coin collecting unavaliable for us as well
Just spent 1800$ on Attica Athena owl coin…. So far, no buyers remorse 🙏
Thats a pretty steep price for an Athenian Tet. Hope this one is absolutely flawless :)
Nice Video. Interesting information. Thanks!! 👍
Another excellent video, sir! 👍
I pick up what I love, and if I part with it I've got to be talked out of it with the right price! Cause again- I like them or I wouldn't own them. I like how you put it.
I been collecting for over 10 years of roman Greek and started on byzantine as well.
I went with the puellae faustinianae simply because it had the best preserved details in my opinion, so in a way to me it all boils down to the condition than anything else... even if its a rare yet worn out ancient coin, such coins wont peak my interest.
Dont you think maybe this is a simplistic way of looking at ancient coins? Yes, you could just collect them for condition and art, but you are missing 80% of what makes them interesting.
I’m specifically talking about those coins that are rare yet in bad condition. Even if they have a story to them to me the aesthetic element plays an important part in my selection. If a rare coin has a compelling story but looks like a lump of melted metal would you buy it?
It's educational and useful. Thanks. 😊
..every year i buy 20-40 coins (mostly ancient)...in 17 years i've sold 3...but i always think of resale value for every coin i buy. .just in case...and .i ain't gonna live forever :P:D
great video
Totally agree 👌🏾
Well said CN!
Well done
I enjoy coins that is why I collect. I love collecting the Indian Princely States, also pre Euro Austrian Schillings and Soviet Rubles.
Collecting is spending money without spending. That leaves open, all there is to collect! In short I really don't want to know how much my coins and paper money are worth. And of course buying is easy, but selling not necessarily so straightforward. Ask any dealer.
Can you please make a video how you research price? What websites you use etc. Eg if you would like to buy a coin of XYZ emperor how would you do it? It would be really helpful.
There are plenty of videos made already! Have you looked at my page?
If you havent, take a look at "Getting Started", "Buying Online" and "What drives prices" :)
Very good, common sense thoughts about this issue.
Thank you! It seems like common sense is something hard to find nowadays. Hopefully this video helps some people refrain from some risky moves with their money.
Hello, I share 100% your philosophy !
In your opinion will the Judean prutah increase in value? I understand they banned the export out of the country
I've been mostly buying coins haven't sold much coins yet.
I choose the PVELLAE FAVSTINIANAE type, because I have the others
What books would you recommend for getting started?
I personally like Sears. Lots of nice coins. :D Good photos, descriptions and the sears numbers can help you search for similar coins. However, I'm quite a newbie when it comes to coins so take this answer with a grain of salt.
I have a series of recommended books in the video description, take a look!
@@ClassicalNumismatics oh cool, I guess I should’ve looked first. Thanks
Provenance is a big player these days
And it should be. I hope people keep track of them more often, even if its recent provenance.
Wish I had the means to get into ancients, I am stacking for the coming dark ages, my oldest coins are Morgan dollars
Honestly, ancients are not all that expensive. Yes, some coins can go for multiple thousands but an “average” ancient can reasonably cost as much if not less than a nice Morgan.
@@jonathanhermina1165 yea I saw for debased (5%) silver coins for like $40, for now I rather collect actual ounces of silver, if I had 5 Gs to spend I would love a Augustus denarius
No coin among all of the pieces featured in this video are worth more than 100 Euros. Many substantially less. If you can afford a Morgan, you most definitely can afford a LOT of ancient coins out there :)
small bronze ancients can be had for $10
@@dougsmit1 whoa, is this THE Doug Smith who created the pages now archived on Forum? HUGE FAN if you are.
I been thinking of getting into ancient coins where should I start
This question is as vague as it gets.
I recommend you head over to my channel and look at my tutorial playlist for some idea of where to start :)
Excellent. I'll be holding all but some will be for speculating but all will be for their beauty and history.
I do all three, but I wouldn't call myself a duck :P
I’m a 🦆 lol
quack quack!
Personally, I avoid these sellers, everytime I sent a Coin for consignment they made lower quality scans to sell my coins at their auctions for less money than their other item scans? I gave up with this vendor.