by Pretorian » Tue 23 Jan 2007, 19:08:04
$this->bbcode_second_pass_quote('Aimrehtopyh', 'T')he
copper in those
pennies is currently equal in value to the silver in your 4 drachm coin, FYI.
This brings up an interesting point in regards to the preservation of art, culture and knowledge during a crisis. Let's say that you foresaw the burning of the library of Alexandria, but could only rescue $1000 worth of books. Do you rescue a single original copy from your favorite author or do you bring home cheap recent reprints of all his works?
This is an "equation" separate from the one I applied when calculating the barter value of your silver coin. If you are interested in preserving art you should be buying it not selling it. And when I'm buying, to me you are goodwill or a garage sale, not southebys.
A personal crisis can most certainly affect the price you can fetch. If the buyers at your art auction (or the guy at the pawn shop) get the idea that you're desparate and might be selling your grandmother next they are going to bid low. A personal crisis is just easier to hide from your buyers than a national one.
Mogambo on Kitco, trippy.
I know your point about your pennies, but if you are so aware you should know that you will never, ever, get a spot price for copper for those pennies. Not even close. For silver- -rarely, but still very possible.
About library-- you cant really compare knowledge and art.
Personal crisis-- here is an example for you . That equivalent of 430 coper pennies is for sale right now, at around $7000. Yes, yes ancient coins retail dirt-cheap comparing with not really rare american coinage. Market. So, it would take 3-4 months to sell that coin at that price. It might take 2-3 years to sell it at 10K. If a buyer will have a personal disaster, he will list that coin on Ebay or other auction and will get $4-4.5-5 K within a few days. 3-3.5K within 30 minutes if he is known in that field. Or may be he will donate it to Smithsonian museum and will write off some 20-30K from his taxes. Why not? Coins like that are almost unique and therefore priceless. If a pawnshopper or whoever will offer a low price during such a personal crisis, he will just go to another pawnshopper