Tuesday 15 October 2013

Geography of Ancient Coin Supply According to ACCG Coin Dealer


Mr Welsh  ("Geography", Monday, October 14, 2013) does not attempt to answer the point I made about his earlier dodge-the-question statement (The Detectorist Connection Sunday, October 13, 2013):
Those involved in the ancient coin trade know from observing characteristics of the coins and the behavior of the market that the great majority of coins presently being acquired by collectors must have come from past collections, and that the flood of "new to the market" material which began to surface in the 1990s had not actually all been dug up in the last few years [...], but had instead been discovered over a period of many decades by individuals in Communist nations, who did not elect to disclose their discoveries to the authorities and then took advantage of the collapse of Communism to sell their accumulations. That flood is now a thing of the past and the ancient coin market has more or less returned to the state that prevailed prior to 1990. Prices have been rising since 2005 after years of being depressed by oversupply.
Here's a map of "communism" (red and pink for Yugoslavia) and the Classical ancient world (Green) the only real overlap between the two (apart from Hungary) is in precisely those areas affected by massive ongoing looting, Bulgaria, Macedonia, the Balkans and Crimea. What "characteristics of the coins and the behavior of the market" is he talking about? 


So no ancient coins from Gaulish mints and finds, Greek, Anatolian, Italian, North African, Syro-Palestinian, or indeed British origin have reached the US coin market in recent years because these were not "communist countries"?


Note, this was Dealer Dave's reply to my earlier post: " Focus on Metal Detecting: More on "Truthiness" and Debate - Bull or Sheep? " How much truthiness is there in Dealer Dave's attempt to explain away the origins of the coins ACCG dealers sell?


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