In Economics & Investing Media of the Week we feature photos, charts, graphs, maps, video links, and news items of interest to preppers. Today, a map showing where ancient Roman coins have been found.
JWR’s Comments: I must mention that the price of most ancient Greek and Roman coins collapsed in the late 1980s and early 1990s, as large hoards were dug up in Eastern Europe and in the former Soviet Union. The demise of the Soviet Bloc opened up western markets. This was coupled with faltering economies that were transitioning to free market capitalism. The result was that a lot of under-employed Eastern European men started doing a lot of digging. What had been very rare coins became a lot more common. Four decades later, ancient coin prices have still not recovered.
Because new hoards are still being found, I do not recommend investing in ancient coins. If anything, I expect further price declines, with the advent of lower-cost and more compact ground-penetrating radars, improved metal detectors, and even the use of AI to predict likely hoard locations.
The thumbnail below is click-expandable.
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(Graphic courtesy of Reddit [2].)
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Economics & Investing Media Tips:
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