The ancient coin market remains robust, despite some concerns about
cultural patrimony laws that may impact the ability of American
collectors to buy and sell some ancient coins. Numismatic Guaranty Corp.’s NGC Ancients
program, led by David Vagi, continues to help make buyers
comfortable with ancient coin collecting by taking much of the
guesswork out of grading, authenticating and attributing of ancient coins.
In this week's Market Analysis we're highlighting three ancient
Greek silver coins that sold at Heritage’s April 14 to 19 auctions
held at the Chicago International Coin Fair in Rosemont, Ill. Here is
one of them:
Athenian owl silver tetradrachm, circa 440 to 404 B.C., Mint State
The silver tetradrachms of Athens are perhaps the best known among
ancient Greek coins because the design depicting Athena and a
large-eyed owl was used over the course of centuries with only subtle
changes. This uniformity allowed Athenian tetradrachms to be
recognized throughout ancient Greece as a trade currency, and their
reach spanned far beyond Athens.
NGC Ancients grades coins using both an adjectival grade similar to
the 1 to 70 Sheldon system used for modern coins, and a separate grade
for strike and surface. This Athens silver tetradrachm dates from
circa 440 to 404 B.C. and is graded Mint State by NGC (the equivalent
of MS-60 to MS-62) with a 5/5 for strike and surface.
Heritage added that it was “well centered and deeply struck on an
unusually broad flan, with fields displaying considerable ‘mint bloom’
and luster.” The handsome Greek coin sold for $4,935.
Keep reading this Market Analysis:
Aegean Turtle stands on this Greek silver stater
of 480 to 457 B.C.
Sicilian silver stater from Syracuse in Fine Style
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