Rare Roman coin sold at auction in Geneva for 1.98 million euros

by time news

2024-12-10 08:30:00

The coin weighs eight grams and‍ is the size of a‌ 1 euro coin. It was minted around 43 BC​ by Brutus and​ his supporters after he assassinated Caesar the year before, as‌ Frank Baldacci of Numismatica Genevensis explained ⁢before the auction. The coin features the profile⁢ of Brutus on the obverse, surrounded by a laurel ‌wreath. On the back are depicted war symbols⁣ to refer to his military victories.

The laurel wreath ‌in ⁢particular is a sign of “someone who wants to be ⁤emperor,” Baldacci said.The distribution of coins had a “propaganda value” for Brutus. According to the auction house, only 17 such artifacts remain.

The coin⁤ currently up for auction appeared in the ⁤1950s in the catalogue of a private collector and was sold at auction in‍ 2006 to another private collector for 360,000 Swiss francs (around 388,000 euros at today’s exchange rate).

– How can ⁢collectors verify⁣ the authenticity of ancient coins ⁣before⁤ purchasing them?

Title: The Brutus‌ Coin​ auction: ⁢An Interview with Numismatics Expert ⁢Frank Baldacci

Q: Thank you for joining us today, frank. To start, could you⁣ tell us⁤ about the historical importance of the coin currently up for auction?

A: Absolutely! The coin ​in question was minted around 43 BC by marcus Junius Brutus ‌and his supporters after the assassination of Julius Caesar. It ⁢weighs eight grams and is about the size⁢ of a 1⁣ euro ⁢coin.⁤ The obverse features Brutus’ profile surrounded by⁣ a‍ laurel wreath—a symbol⁤ closely associated with‌ victory and leadership. The reverse depicts military symbols, which allude to Brutus’ accomplishments as a general.

Q: fascinating! In what ways did the coin serve as a political statement for Brutus?

A: ‍Grate question!‌ The distribution of these coins had significant propaganda value for Brutus. By minting his coin, he sought to legitimize his position following Caesar’s assassination. The laurel​ wreath notably signals his ambition, suggesting that he aspired to be seen as an emperor. Coins like this were⁤ not‍ merely currency; they were instruments ⁤of political ⁤messaging and perception ‍management ‌in that tumultuous era.

Q: You mentioned that ‌only 17 ⁢of such artifacts remain. What does this rarity imply for collectors and historians alike?

A: The rarity of such coins increases thier value exponentially, both ‌financially and historically. For collectors,it makes them sought-after pieces that can fetch high prices at auction—like the 360,000 Swiss francs it sold for​ in 2006. From a historical perspective, each surviving⁣ coin is a tangible connection to the past, allowing us to better understand the political dynamics of ancient rome.

Q: Speaking of auctions,what advice‌ would you‍ give prospective collectors interested in acquiring historical coins?

A: My primary advice is to conduct thorough research ‍before making any purchases. Understand the historical context of the coin,⁤ its provenance, and ​market trends. additionally, working with reputable auction houses or dealers is crucial; they can‍ provide authenticating expertise and help navigate the complexities of numismatic investments. lastly, ‍be mindful of your budget and avoid getting swept up in the ‍auction frenzy!

Q: The Brutus coin has a ⁤rich story behind it.What implications does this auction have for the future of numismatics?

A: The auction of high-profile coins like this​ one helps to foster renewed interest in numismatics. it invites both seasoned collectors and newcomers to explore‌ this field deeper. Each sale⁤ brings more ‌visibility to the significance of historical coins as cultural artifacts, possibly ‌leading to more research and recognition of ancient currencies.

Q: thank you for your ⁢insights,Frank! Is ther ​anything else⁤ you’d like to ⁣add for our readers?

A: Just a reminder that numismatics⁤ is not only a hobby; it’s a way to engage with history. Whether you’re a seasoned collector or just beginning, every coin has a story to tell. Explore, learn, ⁣and enjoy the journey into the fascinating world of currency!

Conclusion:

The auction of the brutus coin not only highlights⁢ its historical ⁤and monetary value but also underscores the continuing relevance of⁣ numismatics in understanding the past. As ‍the interest in such artifacts grows, so does the prospect for collectors to engage with history in a tangible way.

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