My Numismatic Calendar Adventure with the 12 Caesars Coins
June 23, 2025Navigating Overpriced Ancient Coins: My Collector Insights
June 23, 2025I’ve finally joined the club of collectors who own an Athenian Owl tetradrachm, and what a journey it’s been. After years of admiring these iconic coins from afar, holding my first one felt like a rite of passage. That weight—over half an ounce of silver!—and the high relief make it feel monumental compared to smaller ancients like Roman denarii. Here’s what I learned along the way.
My Hunt for the Perfect Owl
Finding the right Athenian Owl took some searching. I must’ve looked through hundreds of listings before spotting mine. One thing that struck me: the obverse bust of Athena often gets clipped off-center because the design is so large. I decided to prioritize the reverse owl’s details when choosing. My coin’s slabbed by NGC as Strike 5/Surface 3, with a fine scratch on Athena’s cheek. It lives in a thicker holder to accommodate that impressive relief—typical for these hefty silver pieces. Handling it drove home something important: always try to see these in hand if you can. Photos just don’t capture the whole story.
Grading and Evaluation: Trust Your Eyes First
Grading ancients like the Owl? It’s an art. I’ve learned to trust my own judgment over slab labels. NGC often notes surface issues like scratches, but ancient coins wear their history. Here’s what works for me:
- Ignore the numbers at first. Judge centering, strike, and surfaces yourself.
- Focus on the good stuff: Are the owl’s feathers sharp? How about the olive leaves?
- Don’t sweat minor flaws. Small cracks or planchet quirks add character—they’re part of the coin’s journey.
- Style matters more than perfection. An appealing, archaic-looking Owl often beats a pristine but lifeless one.
That surface note on mine? Didn’t bother me a bit. The overall look and presence won me over.
Market Watch: Finding One at a Fair Price
Athenian Owl prices have climbed lately, but they’re still within reach if you’re savvy. Think about it: Athens minted millions annually from 440–404 BC, and hoards like that 30,000-coin find in Turkey pop up at auction. Yet demand keeps values strong. Here’s how I landed mine without breaking the bank:
- I stuck to auctions. Dealers often add hefty markups—bid smart and let overpriced coins go.
- Set a firm budget. I passed on cheaper Owls to get one that truly spoke to me.
- Raw coins can be bargains, but I like slabs for easy storage and ID.
- Look beyond the grade. Mine’s no trophy piece, but Athena’s archaic smile and that full strike? Magic.
With patience, you can still find a solid Owl under $1,000 these days. Don’t rush it.
History and Collecting Wisdom
Learning the backstory deepened my appreciation. Struck during Athens’ golden age with Laurium silver, these coins ruled Mediterranean trade until Alexander’s time. Quality dipped after 440 BC as production ramped up—later owls have thinner relief and bigger flans. A few thoughts for fellow collectors:
- Go for coins that really show their era. Early owls have finer details; later ones might show more crest.
- Keep an eye out for rarities like wartime plated tetradrachms, but watch for imitations.
- Choose what you love. Centering and strike quality matter more than minor surface marks.
My Owl isn’t the sharpest out there—some have crisper helmet details—but it captures Athenian artistry perfectly. And to me, that’s what counts.
Owning one of these has been a real milestone. Whether it’s your first Owl or your fifth, remember: the joy’s in the hunt and the history. Hope you find one that speaks to you!