What Determines The Cost And Value Of Roman Coins

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.

While other ancient coins can be interesting a very large variety of Roman coins exist due to the vast time and area that the Roman Empire covered. Countless coins were minted over the first few centuries that the Roman Empire existed and these coins reflect the time and location of the region.

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.

In fact they are less expensive to collect then many modern day coins which can come as a surprise to some. As already stated the Roman Empire was large and existed over a long period of time. Therefore there were a lot of Roman coins and so they are not as rare as some may believe. Also fewer people collect ancient coins then modern coins and so the demand for them is lower.

There are less fake Roman coins the other coins such as modern day coins. This is largely due to Roman coins being less expensive and rare.

Another reason Roman coins are great to collect is that they do not just have historical value but also artistic value. These coins were cleverly and beautifully crafted and tell a story from the time and area that they were minted.

Unlike most coins today Roman Coins had intrinsic value being comprised of precious metals worth many times more then their weight in those metals. These precious metals include Gold, Silver and Bronze. This can make the coins more special and increase the value of the coin should you choose to collect the more expensive Roman coins.

The Factors that determine the worth of a Roman coin

The price of a coin ranges significantly due to a number of factors. The two biggest factors being the condition the coin is in and the grade of the coin.

The condition of the coin depends on how the coin was stored before being found or how tarnished the coin has become due to minerals in the ground.

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.

Trying to determine the grade of a coin can be tricky and occasionally you have to go with how appealing and detailed you think the coin is.

Another factor that determines a coins worth is how rare that coin is. Rarity is less of a factor in determining a Roman coins value then modern day coins.

Coin collectors are less likely to be competing for the same coin when trying to complete their Roman coin collection and each collection will be different. Also more people collect modern coins and so there is greater demand. Rare Roman coins do exist thanks to Emperors who had a short reign. Fewer coins would have been minted during their reign making them rarely and more expensive today.

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.

Once you become more experienced it will be much easier to determine yourself if a coin is uncommon, scarce, rare or very rare.

Price of different Roman coins

Do not purchase a Roman coin if it is described as rare and being sold for less then $100 as it is unlikely to be rare. Rare coins will not sell for less then $100. Some eBay sellers will claim that their coin is rare and you will not see another like it for years yet you find the same coin on eBay sold by someone else.

To get an idea of the range in price for Roman coins, for $5 to $10 you can purchase good quality coins manufactured under 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.

There can be a large variety of coins for each emperor. Some will be in better condition, or more rare, but if your interested in purchasing decent quality coins and you dont want to pay too much you may not have to look much further.

You could occasionally splash out on a rarer coin which catches your interest or one in much better condition. Or even a Gold or Silver coin worth more then their weight in these precious metals. Some people are attracted to coins that are dirty or not fully legible as it can add to their mystery and even lead to a rare and expensive find.

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!