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QUESTION: Marty, I heard that JP Morgan had an enormous historical coin assortment of Greek and Roman cash. Have any of his cash ever come up on the market?
DX
ANSWER: Oh sure. Not usually. Here’s a gold aureus of Antoninus Pius (138-161AD). You’ll be able to usually purchase one for round $4,000. This one was simply up at public sale. I bid $10,000 for a comparatively frequent coin and didn’t get it. This coin bought for $14,000 – a $10,000 premium as a result of it belonged to JP Morgan. It was bought at Classical Numismatic Group. You will see that some cash owned by well-known individuals will fetch a premium due to who owns what.
In keeping with the Roman historian Suetonius, the primary Roman Emperor Augustus (27BC-14AD) gave “cash of each machine, together with outdated items of the kings and international cash” as Saturnalia items.
You’ll usually see historical Roman cash set in historical jewellery. Accumulating historical cash has been the pastime of kings, popes, bankers, and even celebrities resembling Johnny Money. Roman Emperors would give out medallions they’d struck in gold, silver, and bronze as particular items.
I purchased cash from the Nelson Bunker Hunt (1926 – 2014) public sale at Sotheby’s. That was a improbable assortment, and for any of his cash, you’ll be able to add 20%+ for his title.
There was the well-known Boscoreale hoard, which was buried by the eruption of Pompei in 79AD. This hoard of gold cash was not found till 1895. Baron Edmond de Rothschild bought it.
Many well-known individuals have owned historical cash. The one who as soon as owned it’ll clearly add to its worth.
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