The value of an Alexander the Great coin can vary significantly depending on several factors, primarily its type, condition, and rarity.
Here’s a breakdown of how these factors influence value:
- Tetradrachms are a common silver denomination and can be found at a range of prices. A low condition tetradrachm might sell for around $500, while a well-preserved one can fetch higher prices depending on the mint and condition. A tetradrachm graded VF by NGC Ancients is listed for sale for $675. Another Tetradrachm certified NGC VF is available on eBay for $499.99.
- Drachms are smaller silver coins and may be less expensive than tetradrachms. A drachm graded in Choice Very Fine condition by NGC Ancients is listed for sale at $485.00. Another graded in Choice Fine condition is available for $179.99.
- Gold Staters are generally the most valuable due to their intrinsic gold value and often superior preservation. For example, a gold stater graded XF is listed for $5400. Another gold stater, certified and graded by NGC, is listed at $18950.
- Bronze Units are typically less expensive than silver or gold coins, with some listed for as low as $40. A bronze unit from the Brown University Collection weighs 6.03 grams and has a diameter of 1.8 cm.
- Grading is a critical factor in determining a coin’s value. Coins in higher grades (e.g., Extremely Fine (XF) or Mint State (MS)) command higher prices. NGC Ancients certifies coins and assigns a grade based on a variety of factors.
- Net Grading is a method used for ancient coins that considers defects from striking or burial, even if the coin has little circulation wear.
- Lifetime vs. posthumous issues: Coins minted during Alexander’s lifetime (336-323 BC) are generally more sought after than those minted by his successors after his death. However, a lifetime tetradrachm in low condition could be worth $500, according to a user on [Reddit].
- Mint location and symbols: Different mints throughout Alexander’s empire used distinct symbols and monograms, impacting rarity and value. For example, issues marked with a sphinx are attributed to Chios, while those with a lion looking back at a star were minted at Miletus.
- Low mintage numbers and unique variations within a coin’s production year also increase its value.
- Historical significance further enhances the value of certain coins, such as those related to important events or figures.
In conclusion, there is no single value for an Alexander the Great coin. Prices range from under $100 for some bronzes and lower-grade silver drachms to thousands of dollars for high-grade gold staters and rare silver tetradrachms. To accurately determine the value of a specific coin, it’s recommended to consult a reputable coin dealer or ancient coin specialist. They can assess the coin’s type, condition, and provenance to provide an accurate valuation.
Are Alexander the Great coins rare?
While there are probably hundreds of ‘Alexander’ coins available for each person who collects, there are certainly individual varieties that are quite rare.
How do you identify Alexander the Great coins?
Types the obverse of these coins shows the face of Heracles looking to the right wearing the skin than a meian lion in a variety of styles heracles looks to the left in some rare. Issues. But by the
How old is Alexander the Great coin?
From my experience, (18) Newell’s chronology for these coins has stood the test of time and is not likely to be affected by any further discoveries. However, his dating of the actual beginning of Alexander coinage overall to 336 B.C., long accepted by most scholars, has become the subject of great debate.