{"id":1883,"date":"2019-05-05T08:46:07","date_gmt":"2019-05-05T01:46:07","guid":{"rendered":"https:\/\/wpbeta.simple.biz\/mcintosh55\/?p=1883"},"modified":"2023-03-04T15:34:45","modified_gmt":"2023-03-04T20:34:45","slug":"collecting-roman-coins-on-a-budget","status":"publish","type":"post","link":"https:\/\/wpbeta.simple.biz\/mcintosh55\/collecting-roman-coins-on-a-budget\/","title":{"rendered":"NGC Ancients \u2013 Collecting Roman Coins on a Budget"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">By&nbsp;<a href=\"https:\/\/coinweek.com\/author\/numismatic-guaranty-corporation\/\">Numismatic Guaranty Corporation<\/a>&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><em>Roman coins are readily available and can be acquired for reasonable prices<\/em><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">By&nbsp;<strong><a href=\"https:\/\/www.ngccoin.com\/?utm_source=coinweek\" target=\"_blank\" rel=\"noreferrer noopener\">Numismatic Guaranty Corporation (NGC)<\/a><\/strong>&nbsp;\u2026\u2026<br>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Like so many areas of numismatics, ancient coins offer opportunities for collectors of most every budget \u2013 ranging from less than $10 per coin to astonishing masterpieces that fetch seven figures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This time, we\u2019ll take a look at the budget end of the field: coins generally available for less than $100 each. A surprising number of ancient coins, all readily identifiable and of historical interest, can be acquired for less than $100 \u2013 and often in the $5-to-$25 range. This is especially true with Roman coins, which are the focus of this column.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Group lots offered at auction are one of the best ways to acquire ancient coins at a low average price. Below are three examples from recent online auctions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient303096720190401165414093.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><br><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">Shown above is an excellent mix of 14 Late Roman coins from a variety of imperial mints (and the provincial mint at\u00a0<strong>Alexandria<\/strong>,\u00a0<strong>Egypt<\/strong>). It sold for about $225, breaking down to about $16 per coin.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient417067620190401165548355.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">The 20 Roman silver denarii and double-denarii shown above realized about $770, which breaks down to an average of $38 apiece. Included are coins with attractive portraits of the famous emperors\u00a0<strong>Trajan<\/strong>,\u00a0<strong>Marcus Aurelius<\/strong>\u00a0and\u00a0<strong>Commodus<\/strong>, as well as others less well-known.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient335090920190401165653100.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">The interesting mix of nine Late Roman coins shown above sold for about $260, breaking down to less than $30 per coin.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many numismatists are surprised to learn that attractive silver coins of the second and third centuries CE, such as those pictured in the groups above, can be acquired at such reasonable prices. Yet coins like these are readily available and easily acquired.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Not only is there a good variety of issuers, but when you\u2019ve gotten one of each, hunting down the literally thousands of different reverses is enough to challenge any collector for a lifetime.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Roman silver denarii minted under the\u00a0<strong>Roman Republic<\/strong>\u00a0also can be inexpensive when not in exceptional condition. A wide variety of denarii were struck under the Republic from about 212 BCE to the 40s and 30s BCE. Below are five examples recently sold at auction which most collectors would find affordable.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient439042720190401165803951.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">Struck in 111 or 110 BCE, this denarius of the moneyers\u00a0<strong>Appius Claudius Pulcher<\/strong>,\u00a0<strong>T. Manlius Mancius<\/strong>, and\u00a0<strong>Q. Urbinius<\/strong>\u00a0shows the helmeted head of\u00a0<strong>Roma<\/strong>\u00a0and\u00a0<strong>Victory<\/strong>\u00a0driving a three-horse chariot (<em>triga<\/em>). It sold for less than $85.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient440038920190401170033543.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">A few years later, circa 105 BCE, the moneyer\u00a0<strong>L. Thorius Balbus<\/strong>\u00a0issued the denarius above, which bears the head of\u00a0<strong>Juno Sospita<\/strong>\u00a0and a charging bull. It also sold for less than $85.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient424032420190401170146953.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">The moneyer\u00a0<strong>C. Licinius L.f. Macer<\/strong>, in c. 84 BCE, struck the denarius above showing the bust of\u00a0<strong>Vejovis<\/strong>, who hurls a thunderbolt, and the goddess\u00a0<strong>Minerva<\/strong>, who guides a four-horse chariot (<em>quadriga<\/em>). It realized about $90.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient399044020190401170254121.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">The denarius above, with its as-issued serrated edge, was struck for the moneyer\u00a0<strong>Q. Antonius Balbus<\/strong>\u00a0in c. 83 or 82 BCE. It shows the head of\u00a0<strong>Jupiter<\/strong>\u00a0and Victory driving quadriga. This attractive coin realized about $100.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient438042320190401170444841.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">The \u2018youngest\u2019 of the five Republican denarii here is this piece issued by the moneyer&nbsp;<strong>L. Marcius Philippus<\/strong>&nbsp;in c. 57 BCE. It shows the head of Rome\u2019s fourth king,&nbsp;<strong>Ancus Marcius<\/strong>, and an equestrian statue upon an aqueduct. It fetched about $95.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As we move from the Republic to the Empire, we find that Late Roman coins of the third to fifth centuries CE often can be acquired in very high grade at modest prices when they are of the more common varieties. Below are five examples from the third century.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient439058320190401170603708.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">This silver double-denarius of the empress\u00a0<strong>Otacilia Severa<\/strong>\u00a0(244-249 CE), shown above, features her bust and the seated figure of\u00a0<strong>Concordia<\/strong>. In excellent condition, it sold for less than $80.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient434042020190401170723741.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">The emperor\u00a0<strong>Trajan Decius<\/strong>\u00a0(249-251) is depicted along with the Genius of the armies of\u00a0<strong>Illyricum<\/strong>\u00a0on the silver double-denarius above, which realized about $70.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient436069620190401171013987.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">Like other coins shown here, this billon double-denarius of the emperor\u00a0<strong>Gallienus<\/strong>\u00a0(253-268), bearing his portrait and a walking panther, spent almost no time in circulation before it was buried. Even in such high grade, the piece above sold for less than $80.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient425052720190401171134956.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">One of Gallienus\u2019 successors,\u00a0<strong>Claudius II \u2018Gothicus\u2019<\/strong>\u00a0(268-270), issued the billon double-denarius above, which bears his portrait and the figure of\u00a0<strong>Fortuna<\/strong>. Also in high grade, it sold for about $55.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient439059220190401171226219.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">This billon&nbsp;<strong>aurelianianus<\/strong>&nbsp;of&nbsp;<strong>Probus<\/strong>&nbsp;(276-282 CE) with his bust and a scene of a female presenting the emperor with a wreath is high grade and still retains most of the silver coating it had when it left the mint. It sold for about $70.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Equally affordable are Late Roman bronzes of the fourth and fifth centuries CE. In this context, \u2018bronzes\u2019 is a catch-all term for coins with copper as their principal metal (which includes various alloys of copper and \u2018billon\u2019 coins, which contain a small percentage of silver).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Below are five LRBCs (Late Roman Bronze Coins) that would tempt any collector interested in historical, high-grade coins for a reasonable sum.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient438059720190401171418507.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">Rome\u2019s first Christian emperor,\u00a0<strong>Constantine I<\/strong>\u00a0(307-337), is portrayed on the billon AE3 of the\u00a0<strong>Trier<\/strong>\u00a0mint shown above. It shows on its reverse a votive altar surmounted by a globe, and sold for less than $80.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient425057220190401171513564.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">The billon\u00a0<strong>centenionalis<\/strong>\u00a0(above) of the Alexandria mint portrays\u00a0<strong>Constantius II<\/strong>\u00a0(337-361), the longest-surviving son of Constantine I. Its reverse depicts a soldier spearing a fallen barbarian horseman. It sold for less than $60.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient422061720190401171611908.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">The military bust of\u00a0<strong>Julian II<\/strong>\u00a0(360-363) appears on the AE3 above. It was issued at the\u00a0<strong>Sirmium<\/strong>\u00a0mint, and its reverse shows a votive inscription within a laurel wreath. This historical coin of an emperor who tried to restore paganism in an era when Christianity had become the dominant state religion sold for about $70.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient425059120190401171706592.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">The legacy of the emperor\u00a0<strong>Valens<\/strong>\u00a0(364-378) was sealed when he led his army into a fatal Gothic ambush in 378. He is portrayed on an AE3 (above) from the\u00a0<strong>Thessalonica<\/strong>\u00a0mint, which bears a triumphant scene of Valens dragging a barbarian captive. It sold for about $55.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/ccg-corporate-production\/news-images\/Ancient388053020190401171840156.jpg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<table class=\"wp-block-table\"><tbody><tr><td><\/td><\/tr><\/tbody><\/table>\n\n\n\n<p class=\"wp-block-paragraph\">We end the survey with a coin of another famous Late Roman emperor,&nbsp;<strong>Theodosius I<\/strong>&nbsp;(379-395), who is portrayed on this AE2 of the&nbsp;<strong>Siscia<\/strong>&nbsp;mint. It bears the emperor\u2019s portrait and a scene of Theodosius being crowned by Victory as he raises the kneeling figure of a turreted female. It sold for about $95.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By&nbsp;Numismatic Guaranty Corporation&nbsp; Roman coins are readily available and can be acquired for reasonable prices By&nbsp;Numismatic Guaranty Corporation (NGC)&nbsp;\u2026\u2026&nbsp; Like so many areas of numismatics, ancient coins offer opportunities for collectors of most every budget \u2013 ranging from less than $10 per coin to astonishing masterpieces that fetch seven figures. This time, we\u2019ll take a &#8230;<\/p>\n","protected":false},"author":51,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[428],"tags":[],"class_list":["post-1883","post","type-post","status-publish","format-standard","hentry","category-ancient-coins"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"By Numismatic Guaranty Corporation Roman coins are readily available and can be acquired for reasonable prices By Numismatic Guaranty Corporation (NGC) \u2026\u2026 Like so many areas of numismatics, ancient coins offer opportunities for collectors of most every budget \u2013 ranging from less than $10 per coin to astonishing masterpieces that fetch seven figures. 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