Silver Drachm

Why are Ancient Coins so inexpensive?

I've noticed ancient coins that are over 2000 Years Old are less expensive than the ones that are 200 years old. Why is that? Sorry that i asked this on the religous board but I didn' know where to put it.

Here is an example

http://cgi.ebay.com/2300-Year-Old-GREEK-Silver-COIN-of-ALEXANDER-the-GREAT_W0QQitemZ110027081764QQihZ001QQcategoryZ4738QQrdZ1QQcmdZViewItem

I guess that the real reason is that people do not appreciate the fact of how many of these coins were made, or the fact that there are not that many collectors in the world. This coin by Alexander was Made From dozens of mints for years to fuel the economy of one of the largest empires the world has ever known. They minted them by the millions per year. Add to this the fact that there were no banks, so many people buried their life savings to keep it safe. If the person died before retrieving their savings, those coins are kept safe for future collectors.

I have seen hoards of coins like this of many thousands of pieces, and have seen hoards of late Roman Coins in the tens of thousands just from one hole in the ground. In the past, these coins were so plentiful that they were melted for their precious metal content, since there were not enough collectors to want them.

The question as to why a 200 year Old Coin is worth more than a 2000 Year Old coin is the number of collectors of a series. You don't even have to go 200 years back. A Wisconsin quarter with a cracked die made some error coins a couple of years ago that looked like it had an additional leaf in the cornstalk. Those coins are worth more than this authentic Alexander the Great silver drachm! It is just a matter that millions of people collect the State Quarters, and maybe 10,000 people collect greek silver.

Popular Silver Drachm On eBay Below:

ANCIENT INDO SASSANIAN KINGS PORTRAIT DRACHM RAREST SILVER COIN EXRARE
ANCIENT INDO SASSANIAN KINGS PORTRAIT DRACHM RAREST SILVER COIN EXRARE
$20.99
ANCIENT INDO SASSANIAN KINGS PORTRAIT DRACHM RAREST SILVER COIN EXRARE
ANCIENT INDO SASSANIAN KINGS PORTRAIT DRACHM RAREST SILVER COIN EXRARE
$20.99
Island off Thrace Thasos 411 350BC silver Drachm ANACS VF30 like BMC41
Island off Thrace Thasos 411 350BC silver Drachm ANACS VF30 like BMC41
$365.00
Thrace Kallatis 3rd 2nd C BC silver Drachm ANACS VF20 Bold well stuck
Thrace Kallatis 3rd 2nd C BC silver Drachm ANACS VF20 Bold well stuck
$250.00
UNCERTAIN MINT ALEXANDER THE GREAT SILVER DRACHM 336 322 BC
UNCERTAIN MINT ALEXANDER THE GREAT SILVER DRACHM 336 322 BC
$115.70
Alexander the Great III AR Drachm Coin 336 BC Certified NGC Choice XF EF
Alexander the Great III AR Drachm Coin 336 BC Certified NGC Choice XF EF
$277.30
105 147 AD Greek Parthian Vologases III Silver Drachm
105 147 AD Greek Parthian Vologases III Silver Drachm
$69.00
336 323 BC Greek Macedonia Alexander III The Great Silver Drachm
336 323 BC Greek Macedonia Alexander III The Great Silver Drachm
$119.00
KINGS of PARTHIA VOLOGASES III AD 105 147 SILVER DRACHM
KINGS of PARTHIA VOLOGASES III AD 105 147 SILVER DRACHM
$69.00
Indo Sassanian Sri Ha drachm western India 8th 10th cent AD Silver Coin
Indo Sassanian Sri Ha drachm western India 8th 10th cent AD Silver Coin
$28.00
Indo Sassanian Sri Ha drachm western India 8th 10th cent AD Silver Coin
Indo Sassanian Sri Ha drachm western India 8th 10th cent AD Silver Coin
$22.00
Hindu Shahis of Kabul and Ohinda Spalapati Deva 750 850 AD Silver Drachm
Hindu Shahis of Kabul and Ohinda Spalapati Deva 750 850 AD Silver Drachm
$55.00
Indo Sassanian Sri Ha drachm western India 8th 10th cent AD Silver Coin
Indo Sassanian Sri Ha drachm western India 8th 10th cent AD Silver Coin
$25.00
Ancient Persia Sasanian Empire 459 484AD Peroz I Silver Drachm
Ancient Persia Sasanian Empire 459 484AD Peroz I Silver Drachm
$6.50
Caria Rhodes Rhodos Siler Drachm Helios  Rose Torch Gorgos Rare EF
Caria Rhodes Rhodos Siler Drachm Helios Rose Torch Gorgos Rare EF
$659.00
Islands off Caria Rhodes AR Drachm Facing Helios  Rose Aristakos gVF
Islands off Caria Rhodes AR Drachm Facing Helios Rose Aristakos gVF
$494.00
Alexander III The Great AR Silver Drachm Herakles Zeus Serpent Lampsakos VF
Alexander III The Great AR Silver Drachm Herakles Zeus Serpent Lampsakos VF
$659.00
Alexander III The Great AR Drachm Herakles  Zeus Forepart Pegasus Near EF
Alexander III The Great AR Drachm Herakles Zeus Forepart Pegasus Near EF
$879.00
Thrace Ainos Silver AR Drachm Hermes Facing  Enthroned Caduceus Very Rare EF
Thrace Ainos Silver AR Drachm Hermes Facing Enthroned Caduceus Very Rare EF
$3,299.00
Caria Rhodes AR Drachm Helios Facing  Rose Athena Promachos Peisikrates
Caria Rhodes AR Drachm Helios Facing Rose Athena Promachos Peisikrates
$274.00
Islands Off Caria Rhodes AR Drachm Helios Facing  Rose With Bud Budget
Islands Off Caria Rhodes AR Drachm Helios Facing Rose With Bud Budget
$149.00
Rare Paphlagonia Sinope Silver AR Drachm Eagle  Four Part Incuse with Pellets
Rare Paphlagonia Sinope Silver AR Drachm Eagle Four Part Incuse with Pellets
$450.02
Caria Rhodes Silver Drachm Helios  Rose Club Very Rare Type Choice EF
Caria Rhodes Silver Drachm Helios Rose Club Very Rare Type Choice EF
$1,319.00
ANCIENT GREEK SILVER DRACHM ILLYRIA 3rd 2nd CENTURY BC
ANCIENT GREEK SILVER DRACHM ILLYRIA 3rd 2nd CENTURY BC
$23.14
THRACE Apollonia Pontika ca 450 400 BC AR Drachm
THRACE Apollonia Pontika ca 450 400 BC AR Drachm
$75.86
Alexander the Great III AR Drachm Lysimachus Coin 305 281 BC NGC Choice VF
Alexander the Great III AR Drachm Lysimachus Coin 305 281 BC NGC Choice VF
$249.10
Sassanian Drachm nice silver coin
Sassanian Drachm nice silver coin
$29.00
163 130 BC GREEK CAPPADOCIAN KINGDOM AR DRACHM ARIARATHES V NGC EXTREMELY FINE
163 130 BC GREEK CAPPADOCIAN KINGDOM AR DRACHM ARIARATHES V NGC EXTREMELY FINE
$320.00
RUDRASENA INDO SCYTHIAN SILVER DRACHM COIN 19g WEIGHT  14mm DIAMETER SEE
RUDRASENA INDO SCYTHIAN SILVER DRACHM COIN 19g WEIGHT 14mm DIAMETER SEE
$1.27
ROMAN PROVINCIAL LYCIA TRAJAN AR Silver Drachm struck circa 98 99 AD 19mm
ROMAN PROVINCIAL LYCIA TRAJAN AR Silver Drachm struck circa 98 99 AD 19mm
$249.99
Ancient Greek Thessaly Larissa Horse Silver Drachm in 14kt Gold Pendant 350 BC
Ancient Greek Thessaly Larissa Horse Silver Drachm in 14kt Gold Pendant 350 BC
$697.00
APHRODITE ANCIENT GREEK THESSALY LARRISA SILVER DRACHM
APHRODITE ANCIENT GREEK THESSALY LARRISA SILVER DRACHM
$425.00
Macedonian Kingdom Alexander AR Drachm 323 317 BC Silver
Macedonian Kingdom Alexander AR Drachm 323 317 BC Silver
$180.00
BLACK SEA APOLLONIA PONTIKA SILVER DRACHM COIN GORGONION ANCHOR
BLACK SEA APOLLONIA PONTIKA SILVER DRACHM COIN GORGONION ANCHOR
$33.43
Silver Drachm Ephesus Ephesos Ionia 5th Century BC Greek Golden Age NGC VF
Silver Drachm Ephesus Ephesos Ionia 5th Century BC Greek Golden Age NGC VF
$499.99
Greek Silver Drachm from Caria Island of Rhodes NGC Ch XF 2002
Greek Silver Drachm from Caria Island of Rhodes NGC Ch XF 2002
$399.99
Alexander III the Great 336 323 BC AR Drachm NGC VF 03026
Alexander III the Great 336 323 BC AR Drachm NGC VF 03026
$229.00
Alexander III the Great 336 323 BC AR Drachm NGC VF 03025
Alexander III the Great 336 323 BC AR Drachm NGC VF 03025
$229.00
KHUSRU I SILVER DRACHM Sasanian Empire ATTENDANTS  FIRE ALTAR
KHUSRU I SILVER DRACHM Sasanian Empire ATTENDANTS FIRE ALTAR
$10.50
Isl Of Euboea Chalcis c338 271 BC AR Drachm NGC VF
Isl Of Euboea Chalcis c338 271 BC AR Drachm NGC VF
$84.95



List Of Recently Purchased Silver Drachm:


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head of bull kithara lyre nef, attica athens ar drachm athena profile eye amp; owl crescent kroll 17 very rare, alexander iii the great ar drachm herakles amp; zeus crescent kolophon good vf, 9663 bc silver drachm aribarzanese i kingdom of cappadocia ancient coin, aphrodite ancient greek thessaly silver larissa drachm ca 356 342 bc, cholkis black sea athena bull drachmar silver land of the golden fleece, kings of cappadocia ariobarzanes iii ar drachm athena w shield 52bc, 457 ad anacs au50 drachm court mint ancient silver coin sasanian empire peroz, orodes ii king 5738 bc parthian kingdo silver drachm archer on throne bow



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