Ancient Coin Value Guide — Book III

Kinzer Ancient Coin Value Guide · Section 3 · Book III

Prepared by Kinzer Coins · First Edition · Market review: September 2026

Ancient Coin Value Guide Book III
The End of the Western Roman Empire

AD 364–476. A late Roman coin value guide covering Valentinian I through Romulus Augustulus, with certified/slabbed prices, current fixed-price retail, and buyer-inclusive auction evidence kept separate.

View Book III Market CardsDownload First Edition PDF

Quick answers

Late Western Roman Coin Values, Explained Clearly

Book III is designed to answer practical collector questions such as “What is a Romulus Augustulus coin worth?”, “What is a Valentinian III coin worth?”, and “Why do prices become so specimen-specific near the end of the Western Roman Empire?”

What period does Book III cover?
AD 364–476, from Valentinian I through Romulus Augustulus. Julius Nepos remains part of the historical afterword through AD 480.
How are values compared?
Certified/slabbed market first, fixed-price raw retail second, and buyer-inclusive raw auction acquisition cost third.
Why do some rulers have no normal range?
For Specialist Only rulers, forcing a range would create false precision. Specific comparable transactions are more useful.
How current is the research?
Book III uses a September 20, 2026 research cutoff and a current-retail snapshot from the same period.
How the guide works

Market evidence in a fixed order

Book III preserves the methodology established in Books I and II while adding stricter controls for market confidence, repeat specimens, issuing authority, and compromised late-western material.

1. Certified / slabbed market first
Certified material is treated as its own market and compared grade-for-grade where the evidence supports it.
2. Fixed-price retail second
Current asking prices show what a collector can actually buy now without waiting for an auction.
3. Buyer-inclusive raw auction third
Auction acquisition cost uses hammer plus the exact mandatory premium for that sale. No blanket premium is applied.
4. Market confidence is explicit
Established, Limited, Thin, and Specialist Only labels tell the reader how much pricing precision the evidence supports.
5. Same-specimen sales are linked
Repeated auction appearances of one rare coin are not counted as multiple population members.
6. Authority and condition come first
Official, Ricimer-associated, pseudo-imperial, clipped, cracked, tooled, and otherwise compromised material is separated before valuation.
Practical collector reference

Book III Market Cards

Current Book III website reference synchronized to the live Kinzer Ancient Coin Value Guide methodology. Certified / Slabbed, Current Fixed-Price Retail, and Raw Auction evidence remain separate. Guide Orientation is editorial and is not presented as transaction evidence.

Valentinian I

BRONZE / SILIQUA / SOLIDUS
COLLECTOR PRICE GUIDE
Certified grade evidence
Siliqua
CertifiedPremium certified observation $3,172 BI
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
AE3 bronze
$20–$40$40–$60$60–$115+
Siliqua
——premium certified $3,172 BI

Valens

BRONZE / SILIQUA / SOLIDUS
COLLECTOR PRICE GUIDE
Certified grade evidence
Siliqua
AUNGC AU $317.20 BI
Solidus
AUNGC AU 3/5–3/5, brushed, $1,952 BI
AU StarNGC AU Star 5/5–4/5 $5,124 BI
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
AE3 bronze
$15–$25$25–$40$50+
Siliqua
$150$200–$325$500+
Solidus
—$1,950 certified AU$5,100+ premium

Gratian

BRONZE / SILIQUA / SOLIDUS
COLLECTOR PRICE GUIDE
Certified grade evidence
Siliqua
VFNGC VF $366 BI
Choice EFChoice EF $488 BI
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Siliqua
$150$200–$375$400–$450+

Valentinian II

BRONZE / SILIQUA / SOLIDUS
COLLECTOR PRICE GUIDE
Certified grade evidence
Siliqua - certified
CertifiedFive certified BI observations, grades unspecified: $159, $240, $264, $384 and $504
Certifiedsample median $264 BI
Solidus - certified
CertifiedThree certified BI observations, grades unspecified: $1,320, $1,800 and $2,100
Certifiedsample median $1,800 BI
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Siliqua - certified
—$159–$384$504 premium
Solidus - certified
$1,320$1,800$2,100

Magnus Maximus

BRONZE / SILIQUA / SOLIDUS
COLLECTOR PRICE GUIDE
Certified grade evidence
Bronze
CertifiedPremium certified observation $550
Siliqua - certified
Choice XFChoice XF $312, $504 and $561.20 BI
Certifiedsample median $504 BI
Solidus - certified
Choice AUChoice AU $5,400 and $6,405 BI
MSMS $9,150 BI
Certifiedsample median $6,405 BI
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Bronze
——$550 premium certified
Siliqua - raw retail
$220$250–$335—
Siliqua - certified
$312$504$561.20
Solidus - certified
$5,400 BI$6,405 BI$9,150

Flavius Victor

BRONZE / SILIQUA
COLLECTOR PRICE GUIDE
Certified grade evidence
Bronze AE4
CertifiedCertified observation $144
Siliqua - certified
CertifiedTwo certified BI observations: $456 and $492
Certifiedmidpoint $474
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Bronze AE4
$45$45–$85$144 certified
Siliqua - certified
$456$474 midpoint$492
Siliqua - raw
—$650–$950 hammer$1,600 premium EF

Theodosius I

BRONZE / SILIQUA / SOLIDUS
COLLECTOR PRICE GUIDE
Certified grade evidence
Solidus
Choice AUCertified Choice AU sold-for observations $1,440, $1,680, $1,740 and $1,920
AUNGC AU sold-for $2,880
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Bronze AE2-AE4
$25$25–$40—
Siliqua
$175$200–$400—
Solidus
—$1,440–$1,920 Choice AU$2,880 AU / $3,500 hammer MS upper context

Eugenius

SILIQUA / SOLIDUS
COLLECTOR PRICE GUIDE
Certified grade evidence
Certified siliqua
AUNGC AU $600 BI
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Siliqua - lower/compromised
$400$400–$700—
Siliqua - stronger
$700$700–$1,200+$5,500 premium pedigree
Certified siliqua
—$600 BI—

Honorius

BRONZE / SILIQUA / TREMISSIS / SOLIDUS
COLLECTOR PRICE GUIDE
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Bronze AE3/AE4
$17$20–$35—
Solidus
$1,000+—$2,000+

Constantine III

SILIQUA / SOLIDUS
COLLECTOR PRICE GUIDE
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Siliqua - specialist retail
$445$700–$1,050$3,700 premium
Siliqua - raw auctionGood VF Trier siliqua $2,250 CNG hammer

Maximus of Hispania

SILVER
COLLECTOR PRICE GUIDE
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Barcino silver
——~$5,500 stronger result

Sebastianus

SILIQUA
COLLECTOR PRICE GUIDE
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Arelate siliqua
——$29,500 hammer major example

Constantius III

SOLIDUS
COLLECTOR PRICE GUIDE
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Solidus - historical Good VF
—$17,000 hammer—

Johannes

NUMMUS / BRONZE / TREMISSIS / SOLIDUS
COLLECTOR PRICE GUIDE
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Bronze nummus
$180 BI$228 BI$1,320 BI premium
Tremissis
—$4,500–$6,000 hammer$6,000 hammer

Valentinian III

NUMMUS / SILIQUA / TREMISSIS / SOLIDUS
COLLECTOR PRICE GUIDE
Certified grade evidence
AE4 / nummus
AUCertified AU $414.80
Half-siliqua
AUNGC AU $945.50 BI
Tremissis
AUNGC AU tremissis $1,281 BI, exact certified sale
Additional certified evidence
Solidus - certified
CertifiedFour certified BI observations, grades unspecified: $1,769, $2,160, $2,520 and $3,050
Certifiedsample median $2,340 BI
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
AE4 / nummus
$45–$100$225–$250+ scarcer$414.80 certified AU
Half-siliqua
——$945.50 certified AU BI
Solidus - certified
$1,769$2,340 median$3,050

Petronius Maximus

SOLIDUS
COLLECTOR PRICE GUIDE
Certified grade evidence
Solidus - NGC Choice VF
Choice VFNGC Choice VF $26,400 BI
Solidus - NGC Choice XF
Choice XFNGC Choice XF $32,400 BI
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Solidus - NGC Choice VF
—$26,400 BI—
Solidus - NGC Choice XF
—$27,000 hammer / $32,400 BI—

Avitus

NUMMUS / BRONZE / TREMISSIS / SOLIDUS
COLLECTOR PRICE GUIDE
Certified grade evidence
Tremissis
CertifiedCertified premium tremissis about $13,200 BI
Arles solidus
XFNGC XF 5/5–3/5 $31,200 BI
Choice XFNGC Choice XF 4/5–2/5 $51,600 BI
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Tremissis
—$13,200 certified BI—
Arles solidus
—$31,200 BI / $51,600 BI—

Majorian

BRONZE / TREMISSIS / SOLIDUS
COLLECTOR PRICE GUIDE
Certified grade evidence
Official bronze
CertifiedCertified exact observations around $300–$460
Certifiedgrades unspecified
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Official bronze
$300 certified$460 certified—
Official Ravenna solidus
—$16,000—
Visigothic pseudo-imperial
—$2,200 tremissis / $8,250 solidus—

Libius Severus

BRONZE / TREMISSIS / SOLIDUS
COLLECTOR PRICE GUIDE
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Official/Ricimer bronze
$275 hammer$350 hammer—
Official Ravenna solidus
—$10,000—

Anthemius

NUMMUS / BRONZE / TREMISSIS / SOLIDUS
COLLECTOR PRICE GUIDE
Certified grade evidence
Tremissis
CertifiedCertified observation around $3,000
Solidus - certified strong
CertifiedCertified BI observations $6,600, $9,150 and $9,600
Certifiedgrades unspecified
Solidus - premium certified
Choice AUClipped Ravenna Choice AU $14,400 BI
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Tremissis
—~$3,000 certified—
Solidus - certified strong
$6,600 BI$9,150–$9,600 BI$14,400 BI
Solidus - premium certified
—$9,150 BI$14,400 BI

Glycerius

TREMISSIS / SOLIDUS
COLLECTOR PRICE GUIDE
Certified grade evidence
Tremissis - certified
MSNGC MS 5/5, 4/5 $55,000
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Tremissis - certified
—$55,000—

Julius Nepos

GOLD / TREMISSIS / SOLIDUS
COLLECTOR PRICE GUIDE
OBSERVED AUCTION MARKET
Other Italian-reign goldExact gold observation $9,500 hammer

Romulus Augustulus

TREMISSIS / SOLIDUS
COLLECTOR PRICE GUIDE
Certified grade evidence
Milan tremissis - certified
Choice XFNGC Choice XF $66,000 sold-for
RAW AUCTION / MARKET SCHEDULE
ENTRYTYPICALCHOICE
Milan tremissis - certified
—$66,000 sold-for—
Coin types covered

Late Roman Coin Types & Value Questions

Book III spans the point where broad imperial coinage gives way to much thinner late-western markets. Denomination, mint, issuing authority, condition, and provenance become progressively more important.

AE2 / AE3 / AE4 bronze values
Accessible late Roman bronze of Valentinian I, Valens, Gratian, Theodosius I, Honorius, Valentinian III and others.
Siliqua values
Silver markets for rulers from Valentinian I through Constantine III, Jovinus, Priscus Attalus and other scarce western emperors.
Tremissis values
Gold fractions become increasingly important after AD 455, including Avitus, Majorian, Johannes, Glycerius, Julius Nepos and Romulus Augustulus.
Solidus values
Commoner fourth-century gold gives way to specialist and trophy-level late-western issues where exact specimen history matters.
Official vs. pseudo-imperial values
Majorian, Libius Severus and related issues require authority classification before any price comparison is meaningful.
Ultra-rare final western emperors
Olybrius, Glycerius, Julius Nepos and Romulus Augustulus often belong to markets built from specific comparables rather than conventional price ladders.
Book III directory

Twenty-seven ruler chapters

The published edition follows the western Roman market from the Valentinianic dynasty through the deposition of Romulus Augustulus in 476, with Julius Nepos carried through the constitutional afterword to 480.

Chapter 1Valentinian I
Chapter 2Valens
Chapter 3Gratian
Chapter 4Valentinian II
Chapter 5Magnus Maximus
Chapter 6Flavius Victor
Chapter 7Theodosius I
Chapter 8Eugenius
Chapter 9Honorius
Chapter 10Constantine III
Chapter 13Jovinus
Chapter 14Sebastianus
Chapter 15Priscus Attalus
Chapter 16Constantius III
Chapter 17Johannes
Chapter 18Valentinian III
Chapter 19Petronius Maximus
Chapter 20Avitus
Chapter 21Majorian
Chapter 22Libius Severus
Chapter 23Anthemius
Chapter 24Olybrius
Chapter 25Glycerius
Chapter 26Julius Nepos
Chapter 27Romulus Augustulus
Research notes

How Book III Was Researched

Prepared by Kinzer Coins as a dated collector-market reference. Book III separates evidence classes, preserves thin and specialist-only markets, and tracks specimen identity where repeated auction appearances could otherwise distort the market.

Certified market
Grade-specific slabbed observations are treated separately from raw coins.
Current dealer retail
Active fixed-price asking prices are used to show what collectors can buy now.
Buyer-inclusive auctions
Hammer plus the mandatory premium for each exact sale; no universal premium is applied.
Historical currency conversion
Foreign results retain original currency and use historical FX only when a common-currency comparison is needed.
Repeat-sale control
Weight, flan shape, dies, marks, provenance and prior images are used to recognize the same physical coin.
Specialist-market discipline
No median is better than a misleading median when a ruler is represented by only a handful of meaningful comparables.

Market evidence is a dated snapshot, not a guarantee of future value. Ancient coins remain specimen-specific.

Questions collectors ask

Book III FAQ

What is a Romulus Augustulus coin worth?
There is no ordinary range. Recent exact comparables include a Milan tremissis at $65,000 hammer, a certified Choice XF tremissis at $66,000 sold-for, Milan solidi at CHF 85,000 and CHF 190,000, and a Rome solidus at £95,000.
What is a Valentinian III coin worth?
His market is much broader. Bronze can remain accessible, while a recent four-coin certified solidus sample produced a $2,340 buyer-inclusive median.
Why do some Book III rulers have no price range?
When the market is too rare or specimen-specific, specific comparables are more accurate than a forced minimum-to-maximum range.
Why are certified coins shown separately?
Certification narrows comparison by grade and attribution. Raw and slabbed coins therefore remain separate evidence classes.
Why does issuing authority matter in late western coins?
Official imperial, Ricimer-associated, attribution-sensitive and pseudo-imperial pieces can carry very different markets even when they bear the same ruler’s name.
How are auction values calculated?
Buyer-inclusive acquisition cost uses hammer plus the mandatory buyer premium for that exact sale. No blanket percentage is applied across auction houses.
The series

Continue the Kinzer Ancient Coin Value Guide

Book I covers the Crisis of the Third Century. Book II covers the Tetrarchy and Constantinian dynasty. Book III follows the Western Roman Empire through AD 476.

Read Book IRead Book IIView Book III Market CardsDownload Book III PDF

56-page First Edition PDF · Published September 2026.

Now Live · Section 4

Book IV: The Julio-Claudian Dynasty

27 BC–AD 68. Book IV is now published with 14 ruler and family-member chapters and type-specific Julio-Claudian pricing.

Read Book IV
Now Live · Section 5

Book V: The Flavian Dynasty

AD 68–96. Book V is now published, covering the Year of the Four Emperors and the Flavian dynasty through Domitian.

Read Book V

Get notified when Book V: The Flavian Dynasty is published.

Source Use & Rights

Independent market research, with source boundaries

The Kinzer Ancient Coin Value Guide reports factual market observations and Kinzer Coins' own analysis. It does not claim ownership of third-party auction facts, dealer facts, catalog text, photographs, databases, trademarks, or grading systems.

Originating sources control.
Auction search services and marketplaces may help locate a record, but the originating auction house or dealer is preferred for verification. Third-party databases are not republished as Kinzer datasets.
No database reproduction.
The guide publishes selected factual observations, ranges, and commentary rather than copies of an auction archive, dealer marketplace, or search service. Future research should avoid systematic harvesting of marketplace or aggregator data.
Image rights stay with the source.
Illustrations are Kinzer-owned, public domain, or reused under the license or permission stated in the relevant volume. Crops and resizing are disclosed. A cropped CC BY-SA image remains subject to the same ShareAlike license as its source.
Names and marks identify sources only.
NGC, auction-house, dealer, marketplace, and other third-party names and marks belong to their respective owners. Their mention does not imply sponsorship, partnership, approval, or endorsement of Kinzer Coins or this guide.

This is a dated educational market reference, not a formal appraisal, insurance valuation, investment recommendation, or guarantee of future value. If a rights holder believes a credit, source attribution, or image-use statement is incorrect, Kinzer Coins will review and correct or replace it.

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