My Take on Overpriced Ancient Coins: Insights from a Collector’s Journey
July 1, 2025My Triumphant Journey to Completing the Twelve Caesars Set!
July 1, 2025As a longtime coin collector, I recently picked up an Athenian tetradrachm that became a real puzzle—was it genuine or not? Let me share how I wrestled with this question, from my first doubts to my final call, and what I discovered that might help you in your collecting journey.
My Encounter with the Coin
I stumbled upon this Attica, Athens AR Tetradrachm (454-404 BC) with Athena’s helmeted profile and the iconic owl with AθE inscription. It had a noticeable test cut, weighed 15.60 grams, and spanned 24 mm. I’d bought it from Ephesus Numismatics on VCoins—a dealer I trust—but something felt off when I examined it closely. The surfaces, weight, and details didn’t sit right with me, making me second-guess everything about this ancient piece.
What Made Me Suspicious
Looking closer, a few things jumped out that often trip up collectors:
- Weight Discrepancy: At 15.60 grams, it was lighter than the typical 17.2 grams for these coins. While that could signal a fake, I reminded myself that ancient coins weren’t weighed individually—they came from batches, so some variation happens.
- Surface Questions: Round flan cracks, soft corners, and odd pits made me wonder about casting. But the test cut complicated that theory—since test cuts are usually added to struck coins after minting, not cast fakes.
- Design Details: Athena’s eye seemed slightly off, and the silver had an unusual look. Maybe it was harsh cleaning or environmental damage? Electrolysis marks suggested aggressive restoration that could explain the texture.
Why I Leaned Toward Real
Despite the doubts, several points made a strong case for authenticity:
- Weight Isn’t Everything: Ancient mints aimed for consistency but often missed the mark slightly. Coins buried for centuries might lose a bit of weight naturally.
- Dealer Reputation Matters: Ephesus Numismatics knows their ancients—I’ve had good experiences with them, and experts like Paul Landsberg and Tom Wood back their knowledge.
- Environment Leaves Marks: Burial damage, cleaning methods, or even contact with bronze coins could create those strange surfaces without meaning it’s fake.
- The Test Cut Tells a Story: That deep cut likely meant it was struck, not cast—fakers rarely bother adding such convincing details.
My Approach When Doubts Surface
This experience taught me a few practical steps for similar situations:
- Check Weight and Size: Compare against trusted references, but remember minor variations occur. For Athenian tetradrachms, 17.2g is ideal—but not absolute.
- Inspect Surfaces Closely: Look for casting seams or bubbles versus strike marks. A loupe helps spot cleaning or corrosion clues.
- Ask the Experts: When unsure, consult dealers or grading services—photos can lie, so hands-on inspection beats online guesses.
- Buy Smart: Stick with guaranteed dealers like VCoins sellers. Keep records, and if something feels wrong, speak up—but balance doubt with the dealer’s history.
- Accept Imperfections: Ancient coins show wear. Focus on authenticity over perfection—their flaws tell their story.
Where I Landed
I kept the coin. The dealer’s reputation and that test cut convinced me it’s real. And you know what? I’ve grown to appreciate its quirks—the weight difference, the marks, all part of its journey. This reminded me that coin collecting blends trust, history, and a bit of mystery. If you’re weighing a questionable piece, take your time, dig into the clues, and enjoy the hunt—that’s where the real thrill lies in our hobby.