Monday, March 13, 2023

$4.1m ancient coin fraud - Richard Beale

Richard Beale, the owner and managing director of Roma Numismatics was arrested in New York in January on multiple charges relating to the sale of an "Ides of March" aureus. It now appears that the coin was sold using false provenance meaning it is a fake. Two genuine ‘Ides of March’ aureus are known.
The fraud story said the coin was discovered hidden away in a private European collection. It is in too mint condition and was falsely described as “the undisputed masterpiece of ancient coinage.” It sold for $4.1m at auction and is worth it's gold content, slightly over $100.