Tips for coins
When I share my collection of coins The ones that truly cause a “Wow” reaction is those that are Roman coins. My friends will imagine the coin that was that was in the purse of a Roman Centurion during the time of Jesus and that it would be worth millions. They’re shocked and a bit disappointed to discover that the majority of Roman coins are worth a sum of just the equivalent of a few dollars or pounds. What could be the reason?
What is the reason an item worth its value
When a coin ceases to be officially recognized as a tender, it’s worth the amount a collector will be willing to pay. In essence, we’re left with a tiny circular disc of metal with an engravings on it. So how do we value it? It depends on a variety of factors:
Rarity: If a coin is scarce, it is more likely to fetch more. Naturally, if there are a lot of coins and everybody owns one, it’s probably unlikely to be worth coins for sale much. The fact that a coin is older doesn’t mean it’s rare. I’ll discuss the reasons later.
Condition coin collectors refer to this “grade” and it can make a huge difference in the value. A coin that is in good condition close to the time it was first made is the ideal target for coin collectors. Coins that are heavily worn are typically useless unless they are extremely rare.
Metal If a coin is made from a precious metalsuch as platinum, silver, or gold it will be of intrinsic value, regardless of whether it is melted in the melting pan.
Interest A coin can be increased in value due to an rise in popularity which increases the demand. For example there are numerous shipswreck coins, but should we find a coin that was from the Titanic it could fetch an extra amount because of the mythology surrounding the tale about the Titanic.
When we use these principles to Roman coins, it’ll explain why they’re not worth much.
The History of the Roman Empire
The main reason Roman coins are so cheap is that they’re not scarce. In fact, they are found all over. They are everywhere. Roman Empire was one of the biggest empires of history that covered the majority of Europe, Britain, parts of Asia as well as Asia, the Middle East and North Africa. It existed from 27BC until 476AD over 500 years. All of these cities used Roman coins throughout the time.
The Romans required coinage in massive amounts to meet their requirements. In addition the inflation rate was at a rate of 1000 percent. The average Roman soldier’s salary (his “stipendium”) was likely to be only a few denarii per day at the beginning of the Empire and towards the end the soldier could have been paid a few hundreds. Coins of smaller denomination were not very affluent and had little purchasing capacity.
In the past, Roman soldiers were always males, and had to be enrolled for a period of 25 years, and were paid a salary as well as a bonus pension. However they were required have to purchase their food as well as contribute to the cost of horses and weapons.
Coins were initially minted exclusively in Rome however in the third century, there were mints in other nations as well. The mints produced sometimes over 2 million dollars each month to satisfy demand. Coins generally depicted the image of an image of the Emperor one side, and another image or a letter to the reverse. In the time of the Empire, more than 10,000 varieties of coins were made.
They were also hammered, which means that a blank disc is placed in between dies, and then given an hammering blow! This is why the edge that the design is positioned on and also the edges of its rim do not always align. It was an easy procedure and susceptible to forgery, which began with the very first coins. At first, there might be some kind of official approval to make some local coins to satisfy the demands of currency, however, towards the end of the third century, forgeries were an everyday issue and a serious one.
It is important to be aware that because of their popularity, Roman coins, they’ve been copied for gifts to tourists as well as for historical reasons So, always purchase from a reputable source, such as an expert dealer.
Therefore, I hope you realize the fact that Roman coins aren’t at all rare and are still discovered in large numbers even to this day.
It is true that not all Roman coins are worthless.
Don’t believe the majority of Roman coins are worthless in value. The Romans utilized Gold and Silver often; certain coins are extremely scarce and some of the Emperors are more well recognized and collectible than others, like Julius Caesar and Nero. Don’t be sceptical about the value of a Roman coin just because it’s in poor condition Remember that the coin is extremely oldand has probably has been in circulation for centuries , and because of the method of making them, it is impossible to finding one that is flawless in comparison to a modern coin.
The great thing about the price-tag of the ancient Roman coinage is the fact that they’re extremely affordable. They’re a source of fascination and discussion, so you must buy at least one or two to add to your collection. They also make an excellent gift for someone who is interested in the Roman period.