Future Treasures | Armstrong Economics

QUESTION: You said you acquired a hoard of Persian coins from Darius during the famous invasion of Greece. Will you have sets of 12 Caesars? And will you be selling any of the uncirculated $20 gold pieces from this stock?


REPLY: No, I wasn’t going to sell $20 worth of gold from a hoard. As for the 12 Caesars, I miss Otho, who unsuccessfully tried to buy. I will post some treasures this week. Yes, I have a small amount of Darius siglos. They are worn and have bank marks confirming they were genuine from ancient FOREX dealers. I also have a small number of small bronze numis from the family of Constantine the Great that cost less than $100. I also have a hard-to-find hoard of the first Gallic emperor, Postumus, which was still minted in silver.

I managed to buy this Gallic treasure, so I have Victorinus again, which we sold. This lot is usually XF, but without silver paint. It will cost $100. VF examples typically cost around $50 and FVFs around $25. I took only the quality ones that you see in the photo.

However, it also shows that Rome devalued its coinage, which forced the Gallic Empire to follow suit, otherwise its coinage would have accumulated and the money supply would have collapsed. This is an important historical example. INFECTION if the underlying economy was degraded, there was no other choice but to do the same. The depreciation of Henry VIII in England was actually a response to the depreciation that also took place in the main currency, the currency of Spain.

Others have asked if I can offer any Gallienus showing the collapse of the Roman monetary system between AD 260-268. You can see the rate difference of 8.6 years made in Rome’s monetary system.

As for 12 Caesars, I’m doing my best to collect a few sets. It’s not easy to put together. However, I’m trying to see what I can do for a reasonable price, less than the $100,000 people are asking for in the market. Let me see.