Understanding the Ancient Coin Market (with Aaron Berk)
HTML-код
- Опубликовано: 20 май 2024
- Invest in blue-chip art for the very first time by signing up for Masterworks: masterworks.art/toldinstone
Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more.
See important Masterworks disclosures: mw-art.co/37WwvbD
Like most people who collect ancient coins, I collect because I love history, not because I'm trying to make a profit. But for those who are intrigued by the idea of investing in ancient coins, this video - featuring Aaron Berk of Harlan J. Berk coins - outlines the nature (and the many risks) of the coin market. Please note that nothing in the video is intended to serve as investment advice.
Please consider supporting toldinstone on Patreon:
/ toldinstone
If you liked this video, you might also enjoy my book “Naked Statues, Fat Gladiators, and War Elephants: Frequently Asked Questions about the Ancient Greeks and Romans.”
www.amazon.com/Naked-Statues-...
If you're so inclined, you can follow me elsewhere on the web:
/ toldinstone
/ toldinstone
/ 20993845.garrett_ryan
Chapters:
0:00 Introduction
1:52 Today's coin market
3:26 "Blue chip" Greek coins
4:30 "Blue chip" Roman coins
5:15 An example: two EID MAR issues
7:17 Masterworks
8:35 Cycles in the coin market
10:15 The coin market and the economy
11:10 The importance of provenance
12:35 How hoards change prices
13:12 Ancient coins vs. US coins
14:53 Follow your passions, not profit
15:53 Concluding remarks
Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, and Andy Warhol by signing up for Masterworks: masterworks.art/toldinstone
I'd rather buy coins!
@@IosefDzhugashviliيوجد عندي أكثر من 15قطعة رومانيا
I could care less if my coins are worth pennies or millions .... For me the History held im my hand is Priceless .
agree brother
Same for me. Have some Nice ones that i will never sell
Exactly my thought. A pleasure hard to explain to those who don't share it.
So you would like to know and do care about the price of your coins.
@@deg6788 can you tell me some tips
To start my collection?
More expert interviews please! That was fantastic!
7:33 the stratospheric rise in the price of modern art really needs to be looked at from a few different perspectives. It's become a favorite means of money laundering which has substantially skewed the data set. Trying to figure out how much that skewed the data set is likely impossible to determine.
And a tax shelter, classic cars, boats, art,monuments are excluded for wealth and estate taxes in most Western countries.
I never knew that authentic Roman coins were available at such low prices until an interview you did a few months ago mentioned it. I’ve gotten really into it since then. Thanks a ton for introducing me to the hobby!
Same here!!❤
where can you buy them?
It’s crazy to me that you can get a genuine piece of ancient art for like $10 sometimes
Me and my partner have visited Harlan dozens of times, we are obsessed with the history of these coins and always love the experience he provides.
Is it wise to purchase coins at this time? Will the price of old coin continue to fall this year despite widespread claims that the market is active? How soon will cryptocurrencies fully recover? To be totally honest, I have no idea how other traders in this market manage to generate gains of more than in a single year.
I also discovered that many people are still earning six-figure incomes in spite of the present economic crisis; the only difference is that these strategies are frequently employed with success by those who have a solid grasp of the market.
this is one of the primary reasons I utilize a portfolio coach to oversee my daily investing decisions is that their whole skill set is centered on trading long and short at the same time, utilizing profit-oriented techniques and minimizing risk as a hedge against unforeseen events.
@@alexanderjames3043 Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
@@waynestones Yeah, I have total faith in a financial advisor who is certified by the US SEC. In fact, I'm not sure whether I'm allowed to disclose this, but I'd suggest checking up "sharon lee casey" because she was a huge issue in 2020. She is my mentor in addition to managing my investments.
@@alexanderjames3043 She has excellent credentials and an outstanding occupation. Hence, I swiftly copied Sharon's whole name and typed it into my browser. I'm curious to discover why she is so busy, and despite the fact that she has unquestionably good credentials, I nevertheless schedule a meeting with her.
A have a few ancient coins that I would pass around the classroom and tell a story about it. I also had many foreign coins that I would buy in bulk. That was a great classroom resource in many ways. The kids could buy these coins in the Challenge Shop with points they’d earned for attempting or solving a challenging math problem of the day. Often they were not that difficult but it gave us an opportunity to talk about strategies they used. Now I’m retired and have an abundance of world coins. I bought them in bulk and had a hobby of making the best ones into decorative pins. I live across the street from a popular park. I bury about 25 a year in areas I can observe guys coin shooting while I’m washing dishes. I wonder what they are thinking when they find a coin from Fiji.
Those were a couple of good ideas you had. I expect the kids would really use their imagination.
@@larsrons7937 I had one parent who returned a coin for exchange. It was one of those heads I win, tails you lose tokens with female images. Ooops. I said he can pick out a replacement. So the next day he spent about an hour searching through the coins and chose one from Vietnam. It featured the words DAM and COK. Lol.
@@martinphilip8998 LOL, nice story, thanks. Yes also non-collectors can have a lot of fun going through a big pile of unusual coins.
that last bit is evil ahha
Where can you find cheaper, authentic ancient coins (like the bronze ones)?
Hey Aaron, thank you for all your hard work. Since your coin cleaning episode, I have started collecting and cleaning.
Loving every moment.
Who is Aaron?
@@blakemorris2328 Aaron is the guy interviewed, but Garrett is the one who made the video.
More ancient coin videos please.
Follow Classical Numismatics! He does only videos on ancients and does a great job.
@@nathanielscreativecollecti6392 Thank you for that recommendation! Looks like a great channel
@@nathanielscreativecollecti6392 Thanks for the recommendation! 👍
Best intro ever. I love the worn and cheap coins! My collection is built from them, but so many cool kings and cities... it's so exciting to go through.
me watching this, whose only knowledge of ancient coins comes from toldinstone and percy jackson books
I like these videos about ancient coins and valuation. Also that person you interview was very good at describing things
Follow classical numismatics in RUclips. Best channel about ancient Roman and Greek couns
How very informative. I began researching ancient coins a few years ago and was surprised at how affordable they are. I haven’t purchased any yet because I’m still researching. For me, it’s the aesthetics and haven’t decided on a coin.
I have taken up cleaning coins after your video on the subject! It has been a magnificent journey to start with a clod of dirt and eventually reveal a face, a history, and a piece of art long lost to time. I hope to continue for a long time!
There used to be a program, Ancient Cons in Education (I think it is now defunct), that provided schools with very low-cost ancient coins for the kids to clean. They also had contests for the kids to write about the ancient world to win fairly nice Roman coins. I had my 6-8th grade history students participate. Some were bored, but some really enjoyed it. Being the first to lay eyes on the features of a coin for over 1000 years is really compelling.
I'm glad to hear it! It's a great hobby.
That was fascinating! Please make more interviews with experts i loved it
Interesting and useful video. Before the internet most people I met collected coins that were in mainstream catalogues (the last 1 - 200 years). I have a single small Roman (from Emp. Claudius I think) bought for 2 € (less than an icecream) in Spain 12 years ago, and a Norman 1 penny of William the Conqueror from 1.035 (his first year of reign) bought 7 years ago for 350 € but through a friend with a huge "employees discount". I'm sure both would worth a fair bit more today.
Fascinating interview - thanks
Very interesting. Thank you once again toldinstone
Brilliant as always 👍
The Harlan J Berk store in the loop in Chicago is a great store and chicagoans should check it out! Shout out to Curtis Clay, their ancient numismatist! He’s great
I think it would be nice to own something that ancient. I bet the Romans ad Greeks would be amazed at our interest in them thousands of years later.
From now on, for me, the face of Harlan J. Berke will always be this guy.
I think there are two types of collector, those who collect for history, which seems to encompass Roman coin collectors, and those who collect for beauty, who mainly collect Greeks. Obviously, there are exceptions.
When I was collecting more actively, I used a technique to broaden my collection. I tried to collect a new emperor, king, or queen, every month. I now have coins from England, the Goths, the Vandals, Axum, Parthia, Characene, Elamais, Saba, And Silk Road kingdoms, plus many coins from China. It's a neat way to cover the whole ancient world.
I think Aaron Berke was in error when he said it was less necessary to obtain books on the subject, due to the internet. One should still obtain books on one's core interests. The internet is mainly vital for learning about fakes/counterfeits, which are in abundance. Ebay in particular is a sewer for fake ancient coins - and, for that matter, all coins.
Meanwhile there are my fellow Byzantine coin collectors eating crayons in the corner
@@nathanmagnuson2589 Hahahaha! I think Byzantine coins are underrated. I have a couple of dozen myself, and it's one area I want to expand my collection.
It’s sad when once interest becomes a popular investment. It’ really detract from any hobby. You want expand the collection, not cash in.
I think most collectors feel that way. I certainly do.
Great video. I am an investor with Masterworks, I partly own and Banksy and a Picasso, which is pretty cool and both are great investments...at least I hope...lol
Great interview. Thanks.
Excellent observation.
Great content as usual. Quick question what camera are using in the beginning of the video?
That bracelet is so cool. This was fabulous !!
Well said!
awesome video
I just picked up some ancient coins but don’t know what they are I have searched the internet but can’t find them is there a way I can send you some pictures of them to see if you know what they are?
Thank you
Janet
hey is there any where i could write you and show you a collection i inherited?
Where can I sell ancient coins to make sure to get market price ? I like your info
wow thats amazing
Before 1974 private gold ownership was banned in the US. So that made collecting ancient coins a bit difficult.
Collectible coins were exempt from this law.
Nice 👍Much love!
Where do you buy those? And how are you sure those are true?
Where can I buy ancient coins?
Hy, always great videos!! Can you please next time, when you show us a coin, also show a close up or picture so we can see the coin clearly. Thanks 👍
I know which coins you’re all talking about during this video, but it would have been great for you to put up a graphic of those coins for everyone to get a visual
What’s a good site to buy Roman coins?
I lived in Ankara for a year and their archaeological museum is top notch. They had so many coins from every emperor. Ankara isn´t the most interesting city but if you get the chance, go to the museum. World class.
Currently Kitco is selling silver rounds Rounds! at 34% over spot not including shipping or insurance. I don't see them selling much inventory unless it is to suckers. Now consider that these ancient coins are valued differently and I am interested
I'd love it if you would cover the story of Publius Clodius Pulcher.
I don't know a ton about his life leading up to it, but the incident with The Sacred Chickens is perhaps one of the funniest moments in all recorded history.
Check out Thersites on RUclips he’s covered tons of prolific Roman’s
aside from coins being a small price for what they are generally, ancient coins are highly undervalued. you can get a 2000 year old AE for $15. wtf??
The point is that there are a LOT of them out there, and for many coins, offer is much higher than demand.
@@ClassicalNumismatics thats a PART of it, yes. But they are REALLY undervalued. Most professional numismatists agree.
Not much of a coin collector (I have a handful, none much older than a century) but as far as I can tell super obscure coinage is at the very least affordable. Like, coins from the Jewish revolt (which used silver from the temple stores - yes, *that* temple!) are under $1000. I feel like such incredibly historical stuff should be worth more than that, even if it is still more money than is generally worth it for some collectible. Seems like anything that isn't immediately well known and seen as valuable by the ultra rich gets ignored and is at the very least within reach.
@@StuffandThings_ yup
He made honest comments on collecting. Worth going to his shop.
Nice to see the silver Eid Mar in hand. I actually bid on it at the auction Berk acquired it from, but my funds at hand were simply not adequate. The hammer price I believe was £30k + fees.
It was a real treat to see the gold and silver issues together.
Are u interested in a small gold ancient coin collection?, wich includes a vespasian aureus, doble excelente from spain, macuquinas, islamic coins, napoleonic coin and few others ¡
Started to collect coins myself
I would like to have known how to distinguish fake from real coins.
Thanks for the video!
Look channel classical numismatics
I'm now the proud owner of Naked Statues, Fat Gladiators and War Elephants. This is the very first time I've bought some sort of merch or item to support a channel and will probably be the last time so I'm glad it's TiS.
Just bought a Roman coin from them couple of weeks ago the coins was minted late Republic started me researching the person who minted it he is Lucius Appuleius Saturninus Tribune of the Plebs quite interesting.
Can we please see the coins in close up? :D
Those well manicured hands didn't even jiggle while holding all that money. Hat's off to Aaron Berk. Very interesting, entertaining and informative.
Indeed, ancient coins are a complex market
Something that was tiptoed around in this interview, related to the laws on sales of coins, is that much of the supply of ancient coins comes from rampant looting of ancient sites. Looting destroys the historic context of the coins, as well as often the physical ruins, and thus most of the information they can tell us about the ancient world. This is why I have significantly reduced my ancient coin buying, despite how much I enjoy them!
What good does it do to let the coins go into the hands of somebody who disregards it’s possible archaeological connection? That’s not a reason not to buy them, in fact you should feel even more inclined to purchase them to save such historical artifacts from their unforeseen future.
Before the ancient coin collectors raised the prices for coins, these ancient coins were simply looted and smelted for their silver/gold melt value.
*casually pulls out the gold eid mar*
To the ancient Romans we’re using their money to buy lots of green paper
Where can you buy these cheap coins. I’d like something from the Roman Empire cause it would be cool
Many coins - especially late Roman issues - are very inexpensive. Forum Ancient Coins has a good selection.
I live in Albania. Wondrous coins show up here often. I am still learning.
Note to coin experts or those who know much: the thumb-twiddling is distracting. Thanks for the info, though!
Fascinating, I want more ancient coins! They do seem to be a good investment, pretty cheap, and kinda off the radar for most people.Thanks for the good vids!
If the coins are older than the last 1 - 200 years that were in mainstream catalogues before the internet I would expect all of them to have gone up a lot, and probably still rising (but noone can predict the future like that). I would collect them for the joy of it, not for profit. A 100 years old coin was probably worth a lot more when new than it is today, whether I spend it or sell it to a collector.
Not gonna lie, seeing 2 EID MAR coins together made me super jealous lol
Ya I have some money in coin
Bitcoin?
No, ancient coin
Buy! Buy! Buy!
Ive been buying them during the 2000s
Are European medieval coins collected too?
What's their value compared to ancient coins and early modern coins?
I especially mean those coins older than the florin, like the penny/denier, the groschen, the tarì and the augustalis...
They are collected, but I really don't know the market (since I don't collect them myself).
Great question. I’ve drooled over images of medieval coins. I’ve read a lot of history, so it’s a thrill to hold something like that. Check out CITVAS (I think) to see prices. I’m curious to know what became of the salvaged bronze from the Collosus at Rhodes. Was some turned into to coins, and what likely coins?
Very Nice 🛑
the coin guy looks like Stromboli from pinnochio
Thanks for sharing this. While watching your videos I've often wondered what the value of these ancient coins are. I'd like to have any of them just to imagine all the people throughout history that had them. I do that with common coins anyway, especially old ones.
I'm sad you didn't narrate your audiobook...
If anyone is interested in gaining more Numismatic knowledge/enjoyment go have a look at Aaron's podcast here on RUclips - 'The Ancient Coin Podcast', highly recommend it!
Aaron's podcast is very good, I recommend it too!
Also click on Classical Numismatics, they responded to this comment too. EXCELLENT videos.
I want some kushian coins after watching your vids
I now want to begin an ancient coin collection.
I would recommend purchasing from noble roman coins. They are a reputable dealer that Told in Stone referred us to in his video on cleaning coins. They have uncleaned and cleaned coins and I have had nothing but positive experiences with them.
Its a wonderful hobby, give it a try!
Advice I got years ago.... collect what you like or appeals to you. Don't collect as strictly an investment that'll grow, it may not or worse devalue. If you have objects you like you have the enjoyment of handling it, researching the history of its time, etc. All gives you a conversation piece to educate and share your passion for history with others.
@@LuvBorderCollies One nice thing about ancients, is you do get to handle them, actually touch them, unlike more modern coins where the slightest touch may degrade the value.
Nice to see RUclips killed all the cyber currency spam that originally showed up in the comments.
Just wondering if you would consider a vid on Roman glass?
This is one block from my work. I have purchased both coins and antiquities from HJB. Fun to just window shop everyday!
Ultimately, they're art and should be treated as such.
their currency and are being treated as such
I literally just bough a coin of Hadrian's time, timing was pretty scary.
Similar thing happened to me last week, I was just telling a friend about Roman dogs and then toldinstone uploaded a video about it less than an hour later, uncanny timing
Seems like the main markets are overly focused on Rome and Greece... like, those are incredibly historical and important empires, but plenty of other civilizations existed too which created coinage...
told in coins
Much like tradings cards…. Knowing and knowledge is where it’s at. Never jump in.
hi
I have some ancient coins, and I want to sell some coins, because I have very many coins of the same type and year, are you interested?
I'd like to ask any coin collector who is willing to answer HONESTLY....is it too late of a hobby to get into? As in, if I started searching now, is the market only full of repros and fakes and low end late age pieces? Or can I get some legit stuff from the REPUBLIC OF ROME/SECOND TRIUMVIRATE ERA? I'm only interested in that era specifically. Thanks!!!!!
No, it's not too late. If you try to buy your coins from, say, eBay, you'll have problems, but not from a reputable dealer. Many denarii from the late republic and imperatorial era are actually very affordable in decent condition.
Agreed wrih what Ryan has just wrote. I share your interest in the same eras and you can definitely start collecting right now. There's plenty of coins out there, just do some research and get familiar with the hobby before you dive in. Good luck!
It is absolutely a good time to get into the hobby. People have been collecting ancients since the 1700s, there are tons of very knowledgeable dealers all over the world and the market is very mature.
It's definitely not too late, many great coins out there, including many from the second triumvirate era. I've collected quite a few really cool coins and have never spent more than $200 USD one one, and rarely spent over $100 on a single coin. There is so much out there even in the $25-50 range from a lot of cool kings and cities.
Make sure you do some research first or stick to dealers with a very solid reputation!!!
Hi
According to the Roman historian Suetonius in his De Vita Ceasarum written in the 1st century AD. Augustus sometimes presented old and exotic coins to friends and courtiers during festivals and other special occasions. For that coin collecting is one of the coolest hobbies in my opinion. And one of the oldest hobbies.
Any coins made out of gold and sometimes silver from anytime B.C. to several hundred years A.D. will be worth more than enough
Great video! Are modern counterfeits a problem in the hobby?
They are, but not from reputable sellers. That's more of an issue on eBay.
@Peter T The good news 99% of faked coins are not that well made and can be distinguished easily
@Peter T it’s not as easy as you say it is, fakes are easily spotted by anyone participating in this hobby and has made effort to learn how to separate real from forgeries. I would love to see you replicate an Imperial denarius or Greek tetradrachm with perfection. Go ahead and try buddy
@Peter T Then the entire ancient numismatic market is completely and utterly fake with replicas being produced by the thousands. Including all types, Persian, Roman, Greek, Celtic and more. So perfect are these fakes that you, me and any expert cannot tell them apart. I’ll be sure to post this on popular Ancient coin forums and let everyone know that their collections are not authentic.
everyone talking about coins i wanna know what happened to my mans ear
What about ancient Asian coins?
Lots of fakes out there due to a certain country...
👍👍👍👍👍
An investment, sure, but personally I like to think of the folks from history who could have handled them... Every time I get a 19th century US coin, I think of that, and how far we've advanced with technology since then.
I really should do some studying up on ancients. It's a different ballgame altogether but there are some truly beautiful designs out there.
He just did a "let me talk to a buddy of mine"
coin collectors are strange.... i don't really care what's on the coin or what it's made of as long as it's in good knick.... i've got a dozen coins in better condition than those eid mar ones and they cost me anywhere between $30-$50. i see dozens of people bidding on a beat up silver, meanwhile an immaculate, gorgeous example of a constantine or even just old bronze will go straight past em'. unnoticed. that's where i jump in 🤣
The Eid Mar coins have historical value.
Well, Hadrian isn't exactly someone I'd consider a ... thoughtful figure? Anyone Orthodox (Jewish or Christian) is not going to enjoy that person very much. As an Orthodox Christian, I'm eyeing grabbing a Byzantine gold coin, especially if there's one with Justinian on the obverse and Christ on the reverse or vice versa. For some reason, the way that gold looks is unique. I'm also interested in any "New World" coins before reconnection with the West if they were numerous enough to circulate among collectors through the generations.
As an interesting side note, the biggest lost of art and coinage in world history happened during the Fourth Crusade Sack of Constantinople. Inconceivable amounts of statuary art, gold and silver were melted down for their metals to be hauled back west and restruck/recycled there. It was likely worse than the losses at Timbuktu or Alexandria.
why was bro twiddling his fingers like that, he didn't seem nervous
Why didn’t the Roman’s just pay attention when they were watching the inflation episode of ducktails when they were kids smh
Gold coin worth 2.6 million $? Holy-
In collection: Silver Tetradrachm - Mint Syracuse 479BC following the Battle of Himera in 480BC.
Reverse Die unpublished by Boehringer. Rare indeed. $24K minimum in 2022.
Wow nice
Every economist declares that inflation has damaged actual value of money. So, older money is worth more than today's money, and ancient money would therefore be WORTH MORE. DUH. Even science supports this...lead is actually gold, just atomically devalued through time. I knew my Econ degree from Wharton would come in handy someday!
Don't go that way.