Consigning items for auction requires choosing the right auction house—one that gives the collection proper attention and reaches the right buyers. Commission is often a secondary consideration.
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Provenance: This term plays a decisive role in the coin trade today. Provenances are worth their weight in gold. The same antique coin with a proper provenance can cost several times more than it would without provenance. So what is provenance?
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Do today’s coin dealers have no idea about the value of a coin? Or why is it that their estimates have nothing to do with the surcharges? Ursula Kampmann explains.
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What exactly is money? It seems obvious. There are coins, banknotes, credit cards – wait, a credit card isn’t money, it’s just a means of transferring money, just like a cheque or an early modern bill of exchange. So what is it then? What functions must money fulfil in order to function as money?
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There are coins that do not circulate in the country in whose name they are issued. Are they coins at all? Yes, they are. These coins belong to the category of non-circulating legal tender, which is usually abbreviated to NCLT. A very large proportion of commemorative coins minted today, if not the majority, fall into this category.
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