Greek coins are known for two things- its art and the craftsmanship of its strike. Art on Greek coins can be exceptionally beautiful, and creating perfect coin dies was a job for only the most skilled engravers at the time. Since all coins were hand-made and struck from a considerable distance with a large hammer, no two coins are exactly alike. The quality of the strike, which refers to how well-proportioned and centered it is, significantly influences the price of a Greek coin.
While tetradrachms featuring the renowned owl or lifetime Alexander the Greats remain the most sought-after Greek coins, their popularity has led to an overpricing resulting from the abundant listings and sales. In the event of a monetary crisis, a significant influx of these coins into the market is expected, potentially causing a surplus as their lack of rarity will deter wealthy investors with surplus capital to spend.
In Greek coin collecting, rare coins are those that are scarce due to low survival rates, popularity among collectors, or commanding substantial premiums. Coins boasting fine craftsmanship and intricate designs often fetch high premiums, classifying them as rarities. Notably, larger coins were hoarded and are plentiful, whereas smaller denominations used for change have limited survival rates. Extreme rarities encompass historically significant coins or types highly coveted by discerning collectors. These coins, of exceptional rarity, are infrequently traded in the everyday ancient coin market and seldom appear in auctions. Examples like those mentioned below illustrate why ancient coin collecting is often dubbed “the hobby for royalty.“
Syracuse Dechadrachms: Most coins from Syracuse are highly desirable, due to its impeccable art and quality strike. The chariot on this coin suggests that this coin was specially made for an event: the games after the Athenian defeat of 413. These games, akin to those held in Olympia, occurred every four years in Syracuse.
Punic Issues of Sicily: During the peak era of coinage in Sicily, there was a notable series that comprised several “Punic” releases produced across the Greek mainland. The term “Punic” originates from the southern Phoenician border region, linked to the inhabitants of that area. These coins were minted following a Punic standard and governance, often displaying exceptional artistic finesse. Among them, numerous tetradrachms bear Punic inscriptions and depict a diverse range of animals. Punic releases from Sicily are greatly sought after, especially in superior conditions.
Aspendos Stater: The coins portray two wrestlers, showcasing the development of coin art during the Golden Age and reflecting the Greeks’ enthusiasm for sporting events like the Olympics. We recommend all Aspendos Staters depicting Olympic events, as this reference makes them more recognizable by the public.