What Determines The Cost And Value Of Ancient Roman Coins
If youve ever wondered what Roman Emperors like Julius Caesar, Nero or Constantine looked like or wanted to own something that may have been held by one of these historic men or someone living during that period then consider this.
If you are a collector with a low budget, particularly a coin collector then you should seriously consider taking up the hobby of Roman coin collecting.
There are a number of reasons why I prefer collecting Roman coins then other antiques including other ancient coins.
Firstly there are a wide variety of Ancient Roman coins to suite your tastes. This is largely due to the vast time and area that the Roman Empire covered. From as early as 27 BC to 496 AD there were many millions of coins minted spanning a large area of the globe featuring coins that reflect the time from when they were created.
Another reason is that it was a tradition to inscribe the portrait of the emperors on the coins that were minted during their reign. It is therefore possible to get an idea of what the various emperors looked like which is amazing considering that they lived thousands of years ago.
There were many Ancient coins created by the Greeks, Barbarians, Celts, Indians and Chinese but Ancient Roman coins are the most in-expensive of all of these.
This can come as a surprise to many considering how ancient these coins are. Yet they can be even cheaper then some of the modern day coins that coin collectors collect. There are two main reasons for this. Firstly as already stated the Roman empire was large and so there were a lot of coins minted. Many Roman coins are therefore not as rare as many believe. Another reason is that there are few collectors of ancient coins then modern coins. This makes the demand for them lower.
You are less likely to come across a fake Roman coin then other coins. Roman coins are less expensive and rarer so there is less of a motive to forge them.
These coins dont just have historic and monetary value. They also have artistic value being beautifully crafted and containing a narrative or story of the area and period that they were minted.
The currency in Ancient Rome had intrinsic value as their coins were made from precious metals such as Gold and Silver. This can make the coins more special to collect but you should make sure you have a higher enough budget before collecting the Gold coins as these are significantly more expensive.
Factors that determine a coins worth
The price of a Roman coin can vary radically and is due to a number of factors. The two most important factors are how the coin was minted and the condition that the coin is in.
The condition of a coin can depend on how corroded the coin has become while it has been in the ground or how it was stored.
The grade of the coin is determined by how the coin was minted when it was manufactured. These coins were minted by hand and so are not always entirely circular or detailed. A coin can be less detailed and of less value if it was struck by dies that were worn down.
How you grade the coin can sometimes be problematic and sometimes you just have to estimate it based on how appealing or detailed you think the coin is to your own eyes
Another factor that determines a coins worth is its rarity. Surprisingly rarity is less of a factor in determining an ancient Roman coins worth then modern day coins.
More people collect modern coins and therefore there is greater demand for them. Also because modern coins are less varied then Roman coins the value of a modern coin can be driven up if collectors are trying to complete their collections. This is less of an issue with Roman coins as the variety is much greater and collectors are less likely to complete their collection. Each collection will be different. Rare Roman coins do exist however. If an emperor was only in power for a short period of time less coins are likely to have been minted during his reign. These coins are harder to find and cost more.
Sellers of ancient coins will often use terms such as scarce, rare or very rare to describe a coin. Just because someone describes a coin as rare does not mean that it actually is. Unfortunately, some sellers will attach this label to ancient coins to attract novice collectors who do not know better. If someone describes a coin as rare or scarce does the person explain why the coin is rare? Does he give it an RIC number and explain the variety? If you are new to collecting ancient coins, you should not jump on a coin just because is it described as rare.
If you become a professional coin dealer of have even just built up a collection of ancient coins determining whether a coin is rare or not will become much easier.
Price of different Roman coins
Truly rare coins that are sort after will not sell for much less than $100, and often for much more. Hence, a coin of Constantine described as rare with an asking price of just a few dollars is very unlikely to be so. There are sellers on eBay who claim that their coin is rare, or they have only seen one in 10 years, but there is another one just like it being offered on eBay by someone else.
To give you an idea of the variation of price for Roman coins, for $5-$10 you can buy decent quality coins issued under a number of the late-3rd and 4th century AD emperors.
If you were willing to pay $10-$20, you could collect a coin from the more well-known 1st and 2nd century emperors. Maybe some later ones in good condition. If you were willing to accumulate a collection of over 50 emperors in good condition with clear portraits and readable legends this should cost approximately $20 a coin.
Dont forget there are a variety of coins for each emperor. Some of these coins will cost much more and are in better condition or more scarce. However you shouldnt have to look much further if you want to assemble a collection of fairly good quality coins without having to spend too much.
Once in a while you might want to spend a bit more on a scarce emperor, or something that really arouses your interest, or a coin in truly nice condition. But then again, you might be attracted to cheaper coins that are not fully cleaned or legible, which can add to their mystery.
So, to summarize, buy coins that you find interesting and that appeal to you. No two coins of the same type will be exactly the same; choose the one that you think is better value for your money. Look around to see if a nicer looking coin might be also affordable if that is what you really want, and hence save yourself the trouble of replacing it later or regretting that you bought it in the first place. Do not worry about rarity too much!