Why Grade Ancient Coins? Understanding The Ancient Coin Grading Process With Coin Dealer Colby Abele
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- Опубликовано: 19 сен 2024
- I had the honor of hosting ancient coin dealer Colby Abele ( / valley_coins ) at Witter Coin U for a discussion on graded ancient coins and the pros and cons of doing so - as well as what role grading plays in his process of being a dealer. I learned a lot, as the ancient coin industry and landscape is really something I am not familiar with. Enjoy the conversation and let me know if you have any feedback!
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I understand the value of slabbing US coins, particularly with the authentication service. On the other hand, Im not the biggest fan of slabbing ancients. They dont guarantee authenticity, the capsules arent as "safe" as they seem (coins keep toning, and any bronze disease in them will continue inside the slab), there´s a speculation element on slabs that prices out a lot of collectors of modest means out of certain coins, their grading system doesn't really capture all of the things people should look at a coin, etc. Summing it up, it "simplifies" the hobby a bit too much. Lets not mention the fact not being able to touch a 2000-years old object is a dealbreaker for a lot of collectors.
But hey, people are free to do what they want! And I guess anything that attracts more collectors is a good thing. For me, the coins stay out of the slabs :)
thanks for the video!
Thanks for the perspective!
I've always had mixed opinions on NGC slabs for ancients. I used to have all my coins on a flip and handled them by hand but the more I did that, the more they just felt like pieces of metal to me, I don't understand why that was but they more I handled them, they just felt more and more insignificant. When I got a certain coin in a slab though, the coin and its history started to shine out because of the "museum -like" display of the NGC holders, the coins felt more glorified in their holders compared to being handled raw as pieces of metal. For bronze coins, I bake them with a heat gun and apply renn wax and then put them in DIY slabs like LightHouse QuickSlabs which can be reopened and closed and you can add your own label for attributes and details on the coin.
Having a nicely detailed coin slabbed also boost it's value in most cases and makes it much easier to sell to a wider market.
I have quite a few ancient coins . Thank you for sharing this video.👍
the timing on this was perfect I am looking at ancients for my next thing to start collecting.
Its an awesome niche, definitely check them out
@@ClassicalNumismatics I like all the Niche things I have complete WW1 and WW2 coin sets working on the paper money and may expand out into war bonds issued in those time periods.
Great interview, Christian, thanks for sharing ! I like especially the denarius of the Roman Republic. Not a huge rarity, but in pretty nice shape. Greets from GER, U.
Sounds good!!
This was some very good information. thanks
Was nice of Colby to be on!
what was that website you said was the biggest ancient coin auction? CNG?
Hi Christian, interesting , only have a few ancients. But always liked them, might be a good video to do different countries, maybe 12 Caesar’s. ,Ides of March denarius, just a thought. Thanks Bill
That would be awesome! I will do my best!
👏👏👏👏👏👏👏
I got a few graded Ancient coins in a trade, not sure what they’re worth because the coins aren’t in any price guides, maybe I could find auction results to learn more?
You are right! looking at recent auction results is the best way to see the current state of the market for a certain ancient piece
There is a time for opinions and then tnere is times when its not.
When it comes to acients there is only one company that does ancients, there are other companies too but i believe ngc does the best job
Fascinating interview ... learned a lot about this segment of the market that I was not aware of.
Thanks!
They dont allow ancient collecting in Greece -_-
Such a shame!
@@ClassicalNumismatics They goverment prefers foreigners to take all of our history, or simply let the coins rot in the ground.
Awesome video Christian! I love learning about coins, hunting for them, and selling them too!
Thaat's great!
👍👍
Excellent stuff Christian. I checked some of these ancients on NGC and the info is very limited with no price guide or any info on population. I know these items are limited but I find NGC info on items that have actually larger populations very limited as well. NGC should invest more time and effort on their info for what they charge for annual fees and all the slabs they do !. Now it seems like a 1/2 hearted effort and very little value added especially to ancient coins when it comes to NGC's thought process. I am not only speaking to you as a loyal follower of TT but as well as a Standards Engineer. NGC needs to up their game !. Your loyal follower Silver Arpad
Is it possible though? For coins with very well documented production numbers like modern pieces, thats somewhat easy to make and as a result, creating an assessment of what is rare and what is not, and what kind of condition is rare is doable.
How do you do this with ancients? The minting numbers aren't available apart from some very specific coin types, the numbers are always approximate, and any potential discovery of hoards can make the current populations and its respective pricing out of whack.
Ancients coins should probably be seen as individual pieces of art, and priced accordingly.
Thanks for sharing your perspective!
I think he could have done a better job explaining the grading. Example. NGC puts a numerical number 1-5 for the surface and the strike like my 83 BC Roman piece. AU 4/5 STRIKE 4/5 SURFACE. He also could have told us where to find prices for such pieces. He gave generic info. Was hoping for something more.
Pricing is very relative for ancients, and it fluctuates. The only real way of finding the fair price for ancients is doing market research on the biggest online marketplaces and looking at prices realized on auctions for the last 6 months or so. I wish there was a "red book" for ancients, unfortunately its not the case.
Watching 👀
Hey Christian, i have a 1976 quarter and a sacagawea dollar. Can you please tell me how do i get these coins sell?
Nice coins
Grading of ancients is pretty subjective. That being said, a lot of them are overgraded. There are a lot of websites where you can find the relative rarity of a particular coin - although most ancient collectors collect by type, and a rare coin may not command much of a premium over a more common variety.
Very true. There are tons of unique ancients out there, but if the "Who cares" component isnt there, no one is paying a premium for it. Most collectors with a minimally sizeable collection, 20 or 30 coins, very likely will have a rare or at least scarce coin.
Makes a lot of sense to me!
I really need your help please......
First
Hello inbox me.