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Author Topic: Alton Hoard Massively Undervalued !!  (Read 2628 times)
Dale
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« on: November 23, 2016, 09:13:05 PM »

Hi All,

I thought id make the article known to other detectorists, so that they will not try to cheat in the future!!
The ring alone, considering its historical importance and supporting evidence (gift from Augustus
to a British king) would be worth at least tens of thousands at auction today, and I can't imagine
what a Tincomarus gold stater with the complete name from the Alton hoard would fetch if Chris
Rudd had one! Those were the very coins that gave the correct name.

http://www.altonherald.com/article.cfm?id=114672&headline=Hoard%E2%80%99s%20value%20%E2%80%98too%20low%E2%80%99&sectionIs=news&searchyear=2016


* 1024px-British_Museum_Alton_A_Hoard.jpg (154.6 KB, 1024x753 - viewed 394 times.)
« Last Edit: November 23, 2016, 09:50:10 PM by Dale » Logged
Dale
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« Reply #1 on: November 23, 2016, 09:26:23 PM »

Here's a link to the pictures of the jewellery and pot with coins (slide show)

http://tinyurl.com/hokadmh

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The Doc
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« Reply #2 on: November 23, 2016, 10:23:04 PM »

Interesting link Dale, but as this was twenty years ago he's left it a bit late to complain now!
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Resurgam
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« Reply #3 on: November 24, 2016, 08:30:35 AM »

There is no statute of limitations n the UK; or is there?

Perhaps the best thing is to just let it go! Easy for me to say but I'm not the one who missed out on a load of cash.  Roll Eyes
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probono
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« Reply #4 on: November 25, 2016, 11:56:30 AM »

If it is any help to people with treasure cases, I did managed to challenge the value of my hoard and get another 10% from valuation.

The way the coins were valued were different from the way I valued them (in my opinion the groats were over-valued and the gold was undervalued), but it ended up to the kind of value I'd be happy to pay for them.

We also know that the price the museum pays is not what you would buy coins from a dealer for, but essentially the fair auction price (without buyers premium or sellers premium) - and that's not book price either.

The problem with this case is that at the time he accepted the price from the museum so the transaction has been completed.
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Dale
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« Reply #5 on: November 27, 2016, 08:15:49 PM »

If it is any help to people with treasure cases, I did managed to challenge the value of my hoard and get another 10% from valuation.

The way the coins were valued were different from the way I valued them (in my opinion the groats were over-valued and the gold was undervalued), but it ended up to the kind of value I'd be happy to pay for them.

We also know that the price the museum pays is not what you would buy coins from a dealer for, but essentially the fair auction price (without buyers premium or sellers premium) - and that's not book price either.

The problem with this case is that at the time he accepted the price from the museum so the transaction has been completed.

Hi Roland,

I'm glad to hear you challenged your offer and got an extra 10% it was still a good buy for the museum! did
it stay local?

I found out Chris Rudd sold a Tincomarus Alton gold stater in 2007 for 7,700 that's a lot of money for 1 coin.
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probono
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« Reply #6 on: November 28, 2016, 01:35:12 PM »

Yes - it's Cardiff Museum, although it's unlikely they will ever see the light of day as there is no coin display there.

As to coin prices (and Chris Rudd) - I've never bought from him as I know he's been pushing to get higher Celtic Prices over the years.

I note that those prices he states are record prices - I see another stater which he has as 5,500 - I was offered one for 700 not too many years ago.

Prices for coins have gone up for gold, and celtic gold for example unites (I used to buy them for around 400, now some are >2k) or say the triple unite (c.2000 ~14k, now some are 86k).

The valuation committee also makes an adjustment (however fair or unfair) if many are found - I know that when a hoard of Cnuts was found the market price dropped to 70 or so from dealers for them for a while, whereas I'd bought one not long before for 150.

I do sometimes wonder though, if coin prices will crash at some point - certainly I know of very few people my age who collect - most of the people in the coin club are much older than me.

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