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 Tuesday, January 15, 2008
Americana Sale Offers the Eclectic
Posted by tom

TMgavel.gif Second Session of the Americana Sale Dazzling

stack 15th.jpg

The second session of the Stack's Americana Sale opens with a fine selection of New York countermarked Joes, the work of John Burger, Ephraim Brasher, Jacob Boelen III and others. This is followed by the Michael K. Ringo collection of American silver and coin silver tableware, containing many items from smiths and jewelers in New York, Massachusetts, New Hampshire, Pennsylvania and other eastern states.

1824 wash.jpgA large run of United States medals graces the the center of this session, along with smatterings of unusual items such as slave tags, Hard Times tokens, Indian Peace medals, U.S. Mint medals, Franklin medals, award medals, exhibition medals, exposition pieces, decorations, coin scales, political 1824 laf.jpgitems, encased postage, Washington pieces, campaign medals, and oddities like this 1824 half dollar counterstamped with Washington and Lafayette for the his American visit.

The sale concludes with a vast array of U.S. coinage of all types, including a nice selection of CC $20 gold pieces, a 1793 half cent, some great California gold, a large collection of Bechtler territorial gold coins and a reappearance of the excessively rare and desireable 1849 Bowie $5 gold piece from the John J. Ford collection, with an opening bid of $180,000.

bowie tree.jpg bowie back.jpg

 


Auction Lot of the Week
1/15/2008 6:53:39 PM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
Gold Drops as Dollar Climbs
Posted by tom

TM-NEWS.gifGold Drops below $900

An overdue correction to rising gold spot price hit this afternoon and has gold down to $888 as of this posting.

Look at this as a healthy solidification of a market that had risen too far too fast. Just a little life in the U.S. dollar brought about this turn. Whenever a market is that thin and touchy, everyone should be careful.


News You Can Use
1/15/2008 5:17:48 PM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
Classic Early U.S. at Stack's Americana Sale
Posted by tom

TMgavel.gif Colonial Material at The Americana Sale from Stack's

stack 15th.jpg

Stack's Americana Sale began this afternoon and will continue into tomorrow. The first session of the sale hosts a rare selection of high quality Early American numismatic material starting with an oustanding run of colonial paper money including many high grade and attractive notes along with some exceptional rarities such as lot 4574 the 1775 Maryland Allegorical series Four Dollars which sold for $10,000, maryland allegorical.jpgand lot 4730 signed by John Wray and James Lamberton and issued at Carlisle, Pennsylvania which sold for $7,000.

Also of great interest in this sale is the offering of the Robert A. Vlack Collection of billon and copper coins struck for the French overseas colonies in the New World. This is the largest cataloging of American French Colonial Sols and Sous I have ever seen. Absolutely anyone who caen ob.jpgcollects colonial coinage will want a copy of this catalog for their numismatic library. Keep it right next to your copies of Early American Coins and An Illustrated Catalogue of the French Billon Coinage in the Americas, Bob's two classic works. Checking through this collection carefully you will uncover several discovery pieces which Bob must have added after publication of his books, so again, this catalog is an essential addition to your reference library. In addition you can enjoy seeing several Sous which are very scarce to extemely rare and absent from many collections, such as lot 5241, a 1742-C of the Caen Mint, which realized a healthy $2,000.

Also well represented in Vlack's collection are the French West Indies3 sous.jpg countermarked Sous, the 2 and 3 Sous of Cayenne, the West Indies Black Dogg and TorTola countermarked coppers, plus various other French colonial pieces including a unique 1781-A 3 Sous.

Traditional american colonial issues are also well represented in The Americana sale. Highlights include; two Higley coppers - an J CUT MY WAY THROUGH and the only VALUE ME AS YOU PLEASE still available for private collection, a fine run of New Jersey coppers, a discovery Machin's Mill copper struck over a Confederatio copper, a North West Company Beaver token and selections from the Michael K. Ringo collection of contemporary counterfiet English and Irish halfpence.

Session two of the Americana sale begins tomorrow morning and I will cover that part of the auction in my next posting. To view lots now, just stop over at the Stack's website.


Auction Lot of the Week
1/15/2008 4:20:19 PM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
Gold Holds Above $900, But Bull Looks Sluggish
Posted by tom

TM-NEWS.gifGold Holds Solid, But Big Players Cautious

Gold made another little run this morning up to about $916, then backed off to $910 as of this posting. Though ETF's are growing leaps and bounds, larger investment players are behaving very cautiously on long term gold, keeping the market from breaking out further for the moment.

Let's just say the Bull is resting a bit before contemplating another run, while the Bear watches carefully from the wayside.

Whenever the large investment firms back off, the little investor should mind the cue. Don't be caught out there with large holdings in gold when the market turns.


News You Can Use
1/15/2008 1:26:33 PM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
 Monday, January 14, 2008
Stack Paper Currency With Coins
Posted by tom

TMgavel.gifCoin Vignette Collection Thrills

stack 15th.jpg

One smaller catalog on my pile of January NYINC satellite sales presents the Lawrence R. Stack Collection of numismatic images on american paper currencies. This is a great catalog for just perusing through. It is almost certain that any numismatist will find something of personal interest in this sale and I would venture to guess that most will also want to add this auction catalog to their library for future reference. The introduction by Stephen Goldsmith is wonderful and includes blow-ups of select vignettes.

dixon.jpg

This sale includes just about any piece of paper money which displays an image of a coin and there examples from almost every state and territory, plus Canada. Many areas of paper money and financial document collecting are represented, including; Colonial, Obsolete, Scrip, private issue, Bank issue, Municipal issue, chits, advertising notes, saterical notes, Federal Currency, National Gold Bank Notes, bonds, plus some printing plates, die proofs and rollers. Most of the vignettes represent either United States or Spanish coinage, which would have been in circulation at the time.

pools front.jpg pools back.jpg

My personal favorite is an advertising chit from Chicago listed as lot 4451. Printed in green on thin cardboard, this two sided piece is good for one dime plant at Pool's Dime Garden at 97 Oakley Street. Looks like you had to spend a dollar in order to redeem your dime, but still a good deal. This is the only example of this chit I have ever seen and it represents a very nice piece of Chicago ephemera.


Auction Lot of the Week
1/14/2008 6:30:44 PM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
Rare Gold at Stack's Kroisos Sale
Posted by tom

TMgavel.gif Great Gold Rarities in Kroisos Collection

larry stack.jpg

What better timing could Stack's ask for in the launching of their January 14th Kroisos Collection auction? Spot gold hit an all time high just a few hours before this massive collection of premium gold coins began crossing the block.

But aside from creating additional media interest, spot may have little influence on many of the Kroisos coins, as they are way above much of any relation to bullion.

haarlem.jpgKey groups in this sale include; a fantastic run of Russian historical medals mostly struck in gold, a great run of imperial Russian silver magdeburg.jpgcoins, plus two sacrce copper plate money pieces of Catherine I, some great seige pieces and patterns are scattered throughout this sale, including a unique gold siege Ducat from the 1572 siege of Haarlem and the unique Leipzig siege 2 Ducats of 1547 and the unique Magdeburg siege 2 Ducats of 1551, leipzig.jpgan outstanding selection of  Italian gold coinage, a great run of British gold and silver coins, classic German States gold coins galore, some very scarce French gold coins such as the 1555 Henri II piefort struck to the weight of an 8 Henri d'Or, scarce Austrain and Austrain States gold coins, a rare Albanian presentation set from 1927, a good selection of Swiss cabnton gold pieces, another grouping of steel engraved plates and cylinders from the American Bank Note Company archives, several groups of orders and decorations, many rare Latin American gold coins and a treasure trove of individual pieces from various countries around the world.

Coins of special interest to me included lot 2967, the wonderful Ormonde Pistole from the Great Rebellion. One of only two in private hands, the other example sold at Whyte's Millennial Collection sale in April 2000 for about $135,650 and resold through Spinks in 2006 for about $118,600. Stack's conservatively estimates this example slightly below those figures and I will be anxious to see it's closing figure.

Also of great interest to me is lot 3524 the 1870 gold pattern 1 Doblon of Uruguay. It's unique struck in gold and I do not have a modern price reference for our catalog, as this piece has not surfaced since the 1940's. On a personal note I will also be looking to see what lot 3511, the cut and countermarked 4 Pesos Fuertes of Paraguay sells for, as I was lucky enough to examine this coin some number of years ago through the kindness of a good friend in numismatics.


Auction Lot of the Week
1/14/2008 1:53:26 PM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
Gold Holding Above $900
Posted by tom

TM-NEWS.gif Gold Holds a New Benchmark

Three hours after breaking the $900 mark and rising to $914, gold is holding it's own. At the time of this posting it's riding steady at $908. Keep an eye on The Bullion Desk for further developements throughout the day.

Talk of $1000 is again heating up, though most are expecting this figure to be a peak from which gold will drop. Forecasts from many analysts are predicting an average figure for gold during 2008 between $750 and $825. Gold Bugs are thinking much higher. Larger firms are showing gradual floors rising steadily for gold over the next three years.


News You Can Use
1/14/2008 11:49:53 AM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
Gold Breaks $900 an Ounce!
Posted by tom

TM-NEWS.gifGold in Uncharted Territory Above $900

The bull market for gold kicked off this morning by running up to a new all time record high of just above $914 before settling in to $910 as I write this posting. Keep an eye on The Bullion Desk for changes to gold and other precious metals, or stop back here for updates.

Expectations of a further reduction in prime interest rates in futile Fed atempts to stem off a recession which has already begun are at the heart of investors buying. The free falling dollar is both a result of Fed announcements and another reason for investors to secure the stablilizing effect of gold on any mixed portfolio.

 


News You Can Use
1/14/2008 8:00:22 AM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
 Sunday, January 13, 2008
Ancient Greek Coinage st Stack's
Posted by tom

TMgavel.gifFabulous Reference Catalog for Ancient Greece

larry stack.jpg

In addition to being a great opportunity to spend copious amounts of money on rare and artistic Ancient Greek coinage, the Lawrence R. Stack Collection sale set for January 14th is also a choice catalog to retain in your ancient coin reference library. Fully color illustrated with large spot glossy images, this catalog offers both solid attribution and interesting historical background for every coin offered. Held in conjunction with The Kroisos Collection of world coins this pair of auctions will bring a blast of much needed new material to the coin market.

Even if you do not collect Ancient Greek, you might want to pick up the Lawrence Stack catalog to further your familiarity with the artistry and beauty of classical Greek coinage. If you do collect these coins, there will be opportunites to expand your collection within this sale, so check it out quickly at the Stack's website today. Tomorrow we will write a posting for the Kroisos sale, but don't wait for our review, you can view lots for this sale at the Stack's site also.

horseob.jpg horsere.jpg

Groups which caught my attention in this sale included a great run of coins from Carthage whose use of Horses in thier designs is lovely and a long run of animal themed Sicilian Didrachm and Tetradrachm.

bullrev.jpgIndividual coins of high significance included lots 2034 and 2035, both Staters of Sybaris, Lucania from 453-448 B.C. and each formerly unpublished and unique. I was also taken aback by the magnificents of lot 2132, a Syracuse gold Dekadrachm in fabulous shape, of wonderful design and only the second known specimen, as well as the highly elephants.jpgdesireable and extremely rare gold Stater of Ptolemy I struck at Kyrene and designed to identify Ptolemy with the empire of Alexander the Great. The use of elephants on the reverse design is stunning on this Egyptian rarity.

 

 


Auction Lot of the Week
1/13/2008 11:27:24 AM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
 Friday, January 11, 2008
Munich
Posted by tom

TMfilm.gif Tom's Recommended Film of the Week

Munich

I had borrowed Munich from my son several months ago, but given it's length of 2 hours 44 minutes, it was hard to find time to fit it into a day. The subject matter is what interested me, as the 1972 Olympic tragedy was an event I remember, but the aftermath I know very little about.

From a historical perspective the Black September abduction and murder of Israeli athletes is something we all heard about on the news, but the aftermath in the form of Israeli response was covert and kept from the public eye for many years. Munich, in part, was based on a book by George Jonas published in 1984, Vengeance: The True Story of an Israeli Counter-Terrorist Team, which puported to uncover this covert operation, but Steven Spielberg went further in researching and developing a story designed to touch deeper into all our thoughts and bring up themes very peritent to our world some 35 years later.

Spielberg offers a meaningful introduction to Munich on the DVD I watched and I would recommend seeing this before viewing the film. But even without his comments any viewer will be able to taste the conflict within the charcaters central to this film. The acting is superb, particularly from Eric Bana, Daniel Craig, Geoffrey Rush and Ciaran Hinds. The story is tense, heartfelt and meaningful. It's a thinking persons film and well worth the extended time frame.


Tom's Recommended Film of the Week
1/11/2008 5:42:46 PM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
Heritage Presents Paper Money at FUN
Posted by tom

TMgavel.gifHeritage Currency Auction set for FUN

FUN currency.jpgOne more catalog just arrived on my desk via friend Joel Edler. This is the Heritage Currency Auction for FUN set to close over the period from January 10 to January 12. I'm a little late at alerting you to the goodies offered here, as the first day of the sale is over already, but the Friday and Saturday evening sessions are still open for bidding, so here goes.

Session Three of this sale, which begins on Friday evening, offers up what Heritgae is calling the Peter Gamble Collection. This is a group of some really rare U.S. notes in excellent conditions. The hightlight of this group, from my point of view would be the outstanding run of Gold Certificates and my favorite note in this group is the 1905 $20.

$20 gold cert.jpg

Session Four of the sale brings bidders a large selection of Nationals with large and small size notes represented from most every state and in most every state of preservation to accommodate a variety of pocketbooks. Over 1350 lots are available for collectors to choose from and while high grade Nationl Bank Notes are in great demand, there are many lower grade notes from scarce towns that may present good opportunites for careful buyers who attend this sale.

One example which caught my eye was lot 14714 a Covina, CA $20 1902 Plain Back. The lot description mentions Charley Colver, longtime California Nationals collector, Krause Publications representative, former mayor of Covina and friend for several years before his passing. Charley was a great guy and an excellent collector of Nationals and this note was issued from Charley's home town. While not in the highest state of preservation, it is still a very scarce issuer and should command some attention when it crosses the block.

Covina.jpg

The earlier sessions of this sale included a great selection of enclased postage stamps, all illustrated in full color with enlargments for easy viewing. There was also a large run of high grade Fractional Currency. You can check out the listings, images and resulting prices realized on the Heritage Auction achives.

 


Auction Lot of the Week
1/11/2008 12:36:02 PM (Eastern Standard Time, UTC-05:00)  #  Comments [0]
Friday Fix
Posted by tom

TMgraph.gifFriday Fix

London pm fixes for 1-11-08

Gold $891.00

Silver $16.06

Platinum $1564.00

Palladium $375.00


Friday Fix
1/11/2008 11:13:12 AM (Eastern Standard Time, UTC-05:00)  #  Comments [0]