Baldwin’s are delighted to announce that they will be offering for sale by auction a portion of Roman coins from the Bishop’s Wood Hoard of 1895 as part of their 4-5 May 2010 London event.

The extensive hoard was unearthed at Bishop’s Wood, near Ross-on-Wye, just across the Herefordshire border and within the surroundings of the Forest of Dean. Several other, smaller finds, of similar coins had also been found along this route but none as vast or as interesting as this. It was discovered in a rough walling built against the hillside by workmen who were in the process of repairing a road and who struck an earthenware vessel containing the coins. The accidental strike from a pick broke the jar and scattered its contents in various directions.

Details of the hoard were first published in the 1896 edition of the Numismatic Chronicle, and also in the editorial of the Numismatic Circular in November of that year. In both publications a total of 17,550 coins were listed, although a number had already been lifted and dispersed around the region by the time the coins were rescued. Many of these coins were subsequently given to local museums and the portion now being sold by Baldwin’s (containing 1,661 coins and the restored jar that contained them) has remained in the family of the original landowner since they were found in 1895.

Included with the hoard is a reprint of the article from the Numsimatic Chronicle of 1896 and a reprint of ‘Notes on a Great Hoard of Roman Coins found at Bishop’s Wood in 1895’ from the “Transactions of the Bristol and Gloucestershire Archaeological Society”, vol. XIX, pp. 399-420, both written by Mary Bagnall-Oakeley. The latter also includes the author’s handwritten annotations and a list, dated March 1898, of the museums and institutions that she was aware had received portions of the hoard. (more…)

Held as part of the 38th annual New York International Numismatic Convention, A.H. Baldwins & Sons New York Sale proved to be a welcome move away from the subdued bidding of 2009. The majority of the interesting lots offered during the course of the week were from the Baldwin’s/Dmitry Markov/M&M auction and the high prices achieved reflected the recent trend for buyers paying well above estimate for quality and rarity.

In marked contrast to last year’s event the bidders appeared to be out in force. Seth Freeman of Baldwin’s commented that there was a real buzz around this years event, both the convention and the auction and buyers ‘seemed to be focused on one thing, spending money to secure key items’.

The results from the sale this year reflected the more optimistic view of the financial markets for 2010. Across the board bidders seemed less cautious than last year and prices realised on particular items were substantially higher.

Highlights from the first day of the sale included the catalogue cover piece (pictured above), lot 128, a Roman Empire Drusus Sestertius which sold for $17,250 USD against a pre-sale estimate of $8,500 USD; and lot 251, a Constantinus II Solidus, Treveri, which achieved $34,500 USD.

As ever the Indian section was strong and attracted a lot of attention, the most interesting lot being 304, a very rare Gupta Dinar, Tiger-slayer type depicting the goddess Ganga standing on an elephant-headed fish, sold for $21,850 USD.

Bidding interest and excitement centered on the Medieval, Portuguese and Russian sections and this is demonstrated by the incredibly strong prices achieved. Highlights of the section incorporate lots 470 and 628, a Carolingian Denarius of Toulouse, and a Portuguese Sancho I Morabitino which sold for $13,800 USD and $25,000 USD respectively.

Lot 1027, a 1707 Shestak Half Tymf, was one of the most unique and interesting pieces in the sale. This coin was first recorded in 1897 where it was the only image available of this very rare coin and soon became the plate coin in all standard references. The groups research produced no other specimen of this particular coin offered at public auction and this was reflected in the realised price of $97,500 USD. (more…)

Kerry Wetterstrom, representing the Ancient Coin Collectors Guild, opposed adding U.S. import restrictions on coins at a Cultural Property Advisory Committee (CPAC) hearing November 13, 2009. The occasion was an interim review of a Memorandum of Understanding with Italy. Wetterstrom, publisher/editor of The Celator, wrote in his latest editorial:

“This was the first such hearing that I have attended, and it was an interesting, albeit a bit frustrating, experience. I came away from this hearing with the strong belief that the odds are against the ancient coin collecting community in receiving a ‘fair shake’ from the U.S. Department of State, specifically its Cultural Heritage Center office, at these CPAC hearings.

“The three speakers representing collectors and dealers were invited to speak first, each speaker was limited to five minutes, and we were informed that this would be strictly enforced…

“…though I entered the hearing with a bit of trepidation, the hearing’s casual atmosphere had a calming effect on my nerves. Unfortunately, I was not allowed to finish reading the two-page statement that I had prepared, and after answering a couple of questions from the committee, I walked back to my seat thinking that this was the fastest five minutes I had ever experienced. Later, several people commented to me that they believed I had been cut off before the end of my allotted time.”

Other speakers, who advocate import restrictions on coins, were reportedly allowed to exceed the published time limit with comments ranging up to 30 minutes. Wetterstrom concluded that, “Based on this experience, I now know that the best option that the ancient coin collecting community has for a ‘fair hearing,’… is through the court system…” (more…)