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 Wednesday, April 02, 2008
Pike's Opera House Obsolete at Smythe Sale
Posted by tom
Pike's Opera House a Cincinnati Landmark of Olde
More selections from the vast Obsolete Currency collection of Herb & Martha Schingoethe will cross the auction block next week on April 9th through the auspices of Smythe. In looking over the auction catalog I noticed a few items that especially piqued my curiosity and which I will post about over the next week or so, up until the sale date.
The vignette on lot number 1556 features a large and elegant building under the banner of Pike's Opera House. This note is from Cincinnati, Ohio, dated January 1, 1863 with a value of 25 cents. The note is an unissued remainder, which means that this particular example was never used in commerce.
I like coins, medals, tokens and notes which sport designs of buildings. I guess it's the historian in me, but they always interest me and I like to track down as much information as I can on the building or business. In this case the note itself provides us with much information, including the business name and location. A quick Internet search filled out a great deal more of the interesting history of Pike's Opera House.
Samuel Pike made his money in liquor sales, but he certainly must have admired cultured entertainment. He opened the Opera House on March 15, 1859 and kept it as Cincinnati's sophisticated home of classical drama and music for over 40 years and through two major fires.
The New York Times reported on March 24, 1866 that Pike's Opera House in Cincinnati, Ohio burned down so completely that one of it's walls collapsed into the facing street. In addition several other businesses sustained serious fire damage and loss. Pike estimated the loss at nearly $1,000,000, while the business only had insurance for about $38,000. Initial reports had estimated the damage to Pike's at about $500,000, but that was on March 23rd while the fire was still not under control.
Considering it's nearly total loss, I figured that this would be the end of Pike's, but further searching proved me wrong. By 1867 the Opera House had been rebuilt, like a Phoenix from the ashes. Renowned pianist Anton Rubinstein played at Pike's Opera House several times during the winter of 1872 to 1873. In 1895, the Cincinnati Symphony Orchestra played at Pike's Opera House while awaiting the completion of the Cincinnati Music Hall. Though Pike did rebuild somehow, troubles for Pike's were not at an end. A second fire struck at the new Pike's Opera House on March 30th, 1902. This fire began during the day, while matinee performances were under way forcing 2,000 people to make their escape from the blaze. The 1902 fire caused only about $10,000 in damage to the building, with addition property damage to various businesses totaling neat $50,000. Though the initial damage report was lower, the second fire at Pike's must have put an end to the business, as I could find no more information about Pike's Opera House after 1903.
The note in the Schingoethe's collection is a great representation of a grand early Cincinnati landmark, with an exciting history. For those interested in Cincinnati it would make a nice addition to a banknote or ephemera collection.
Auction Lot of the Week
4/2/2008 5:55:57 PM (Eastern Daylight Time, UTC-04:00)
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 Tuesday, April 01, 2008
Commodities Correct - Bullish Gold Stumbles
Posted by tom
Bull Market for Commodities Slackens
The long bull run for precious metals has hit a weak point. Sell-offs are on the rise and interest in commodities in general has dried up with renued strength for the U.S. dollar. All this in two days.
Gold this morning has dropped below the $900 mark and is fast headed towards the first benchmark of $885 noted in a posting last week. Soon we may be seeing if it can hold at that level.
Silver has fallen below $17 and platinum rests at about $1910, with future contracts slipping on signs demand will be dropping off, as investors loose interest. Platinums pal, palladium is down around $425.
News You Can Use
4/1/2008 9:31:47 AM (Eastern Daylight Time, UTC-04:00)
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 Sunday, March 30, 2008
No Country For Old Men
Posted by tom
Tom's Recommended Film of the Week
No Country For Old Men
Right from the start, I'd like to caution that No Country For Old Men is a violent film. No doubt about that, so if you are bothered by violence in film, better pass on this one. The whole premise of No Country For Old Men centers in on the violence that permeates the edges of our lives in the form of criminals and law enforcement. It questions what might push one of these elements past the thin line that divides them, or what might draw others towards either of these lifestyles. This story compels the viewer to think about their own personal values and how fully we might cling to them in the face of temptation, adversity and hopelessness. Consider it an exploration of the human element within the businesses of drugs, money and public service.
In No Country For Old Men, we see intelligence, power, audacity, greed and stupidity each surfacing to cause incidents, which lead to unavoidable outcomes. While one character in the film purports that chance is an ever-present element, the story line begs to differ. Once the first decision is made, by the first character most viewers will identify with, a course is set which seems inevitable and once the viewer realizes this, the questions begin to crop up.
An outstanding novel by Cormac McCarthy, excellent direction and production by Joel and Ethan Coen and underplayed yet powerful acting from Tommy Lee Jones, Javier Bardem, Josh Brolin, Kelly Macdonald, Woody Harrelson, Gene Jones and Barry Corbin combine to show us the incredible possibilities of a world with character, but no courtesy. Listen closely to Ed Tom Bell, he is the voice of the novel and of the film, and provides the perspective that grounds the story.
My favorite films are always the ones that catch you off guard and make you think. No Country For Old Men does both and keeps you thinking for a long time after the film has ended.
Tom's Recommended Film of the Week
3/30/2008 12:08:23 PM (Eastern Daylight Time, UTC-04:00)
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 Friday, March 28, 2008
Friday Fix
Posted by tom
Friday Fix
London pm fixes for 3-28-08
Gold $934.25
Silver $18.36
Platinum $1990.00
Palladium $444.00
Friday Fix
3/28/2008 11:56:39 AM (Eastern Daylight Time, UTC-04:00)
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 Monday, March 24, 2008
Precious Metals Analysis - Gold Bench Marks
Posted by tom
Interesting Analysis of Gold and Silver Trends
Here's a quick recommendation. Check out Merv Burak's article from March 23rd on The Market Oracle website. Burak wisely has taken some time during this precious metals consolidation period to examine the upward climb with an eye towards benchmarks and pivotal points. In particular, he points to $885 and $840 as primary up-trend spots in Golds ascent since about the middle of last year.
I recall that Gold was just under $800 for a period last November and sits just above $900 today, representing a $100 rise in about five months. With the last few weeks consolidation trimming off roughly $90 after Gold's peak of about $1030, it is definitely a good time to reflect and consider options and possibilites.
As always, I suggest that you read as much as you can and consider carefully before investing your hard fought earnings. This is as true for investment as it is for numismatic collecting.
News You Can Use
3/24/2008 6:31:48 PM (Eastern Daylight Time, UTC-04:00)
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 Saturday, March 22, 2008
eBay Gets Flakier Every Day!
Posted by tom
Flake Sells on eBay for $1350
This week the online auction site, eBay, had an auction closing for a corn flake shaped like the great State of Illinois. The McIntire sisters out in Virginia found this flake and decided to share it with the world, but when it was first listed eBay pulled it for being in violation of their food sales policy. The McIntires were guilty of attempting to auction unpackaged food products.
The sisters put their heads together and built an eBay work-around by offering a coupon good for their flake, which passed eBay rule scrutiny and sold on Friday night for $1350. The fellow who bought the corn flake owns a trivia website and a traveling pop culture trivia museum, so the Illinois flake will someday hit the road for all to see.
Even more interesting is the little cottage industry that sprung up around the Illionois flake. You can get t-shirts and several different buttons, or maybe you would like to bid on a corn flake shaped like your own home state. A quick search on eBay turned up an Ohio flake , a Michigan flake and a Virginia flake amongst many others.
Isn't life in the USA fascinating?
News You Can Use
3/22/2008 3:02:13 PM (Eastern Daylight Time, UTC-04:00)
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Scoop
Posted by tom
Tom's Recommended Film of the Week
Scoop
This past week I had a desire to watch some Woody Allen movies. Don't know why, just thought it might be fun. Allen has directed so many films that I had plenty to choose from, so I limited my picks to films I had never seen before.
Two comedies that made the list were The Curse of the Jade Scorpion and Scoop. As you can see, my recommendation is Scoop, which does not bode well for the Scorpion. These two films have much in common. Both put Allen in a roll opposite a beautiful, younger, blonde leading lady. Each offers witty dialogue and tries to spark up some chemistry between Allen and the actress.
In the case of the Scorpion, Helen Hunt and Allen are pitted against each other as opposing dynamic forces in a love/hate relationship. The dialogue is weak and while Hunt's delivery is quick and snappy, Allen's fails to compliment. No chemistry developes between the two and the film is flat as a result.
With Scoop however, Allen is set off as a counterpart to Scarlett Johansson, a kind of partner in a mysterious adventure. This allows dialogue to take place on two levels, at two rhythms. Allen can mutter jokes, while Johansson thinks out loud. Add in Hugh Jackman, as a love interest for Johansson and it all works quite nicely as a Shakespeare like farce.
Scoop
is a wonderful little piece of inventive entertainment. Take it home on a Friday night and relax from a tough week.
Tom's Recommended Film of the Week
3/22/2008 10:46:54 AM (Eastern Daylight Time, UTC-04:00)
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 Friday, March 21, 2008
Friday Fix
Posted by tom
Friday Fix
London pm fixes for 03-20-08
Gold $925.75
Silver $17.35
Platinum $1823.00
Palladium $430.00
Friday Fix
3/21/2008 10:21:50 AM (Eastern Daylight Time, UTC-04:00)
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 Thursday, March 20, 2008
Predictions, Take Them For What They're Worth
Posted by tom
Want to Know the Furture? Good Luck!
As March Madness begins, my bracket is filled, my guesses made, and my reputation staked. Now we'll see what the future holds for all those hopeful young NCAA players, as my choices fall or climb and my bracket sheet tanks or soars.
Nobody knows the future, but we all try to guess. Just like the commodities market writers are doing this morning in the wake of tremendous corrections and a possible turn of investor focus.
I have already read some very interesting comments on the precious metals and other commodity markets this morning and I'm sure more are to follow as the week rounds down. Some analysts are thinking this is a much needed correction, a few are thinking they have seen the peak of the precious metals market and the bull run has passed. At Bloomberg, the word is that gold and oil will continue to drop for the next six or so weeks. Those in other commoditiy fields have their own opinions, which can very useful in providing us with a broader perspective.
The point is, no matter how much you read, no matter what you know, in a market with so many factors, you will never be able to predict the future, but human nature will never allow you to stop trying and that is a good thing.
News You Can Use
3/20/2008 12:07:50 PM (Eastern Daylight Time, UTC-04:00)
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Gold Takes a Big Tumble & Silver Comes Tumbling After
Posted by tom
Gold & Silver On the Big Decline
Many investors were caught somewhat unprotected yesterday as the four major precious metals began to tumble against a stronger dollar, boosted by the Fed's recent rate cut. Major fund sell-off began yesterday and continued overnight and into this morning.
The predicted Gold floor of $940 seemed to be holding true through yesterday afternoon, but overnight and into this morning further sell-offs have pushed Gold down to about $920 as of this posting. Silver dropped about $3 and sits at about $17.30 this morning. Platinum went from more than $2000 an ounce to $1810 as of this posting and Palladium, which had ridden up to about $500 is now at about $425.
Other commodity investment is also experiencing serious correction. Crude oil had been pushed up to a phenomenal $110 at it's peak, but currently has backed off below $100 a barrel.
News You Can Use
3/20/2008 9:23:00 AM (Eastern Daylight Time, UTC-04:00)
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 Tuesday, March 18, 2008
Geocaching - A Global Hobby
Posted by tom
Geocaching Growing Internationally
Last June I wrote a few blog posts about the coin related hobby of Geocaching. It's a great family hobby, where coins or other objects and a logbook are hidden and coordinates are logged into a central site, allowing others to find the "treasure" and record that they have been there. My family tried it back in June and enjoyed the experience. We were all quite surprised to find that there were many locations in our area. It was a great way to get outdoors, do some hiking and enjoy a little "treasure hunt".
Over the ensuing months I have kept an eye on the Geocaching hobby, especially with regards to the coins people use for their cache. I noted in my June posts that Geocaching was fast becoming a global enterprise and you can readily see on eBay a significant number of Geocaching coins from locations around the globe. Back in June I noted that there were about 430 total Geocaching coins listed on eBay, today I see there are 768 as of this posting.
These coins come in all shapes and sizes and they honor just about all areas and imaginable themes. While the majority are round coins with color enamel, you will also find a variety of examples in unusual shapes, such as the shape of the home state, county or country, native animals, local landmarks, or just plain things people find interesting such as candy, Ferris wheels, pets, plants, musical groups, insects, vehicles, toys, recycling, literary figures and mystical elements.
You can also see that more and more areas of the globe are being represented on Geocaching coins. Back in June I noted a variety of coins from areas such as Vienna, United Kingdom, Coventry, Isle of Man, Beijing and Japan. Today I notice an even wider selection from more places including Germany, Italy, Singapore, Canada, Norway, Wales, England, Hawaii, Czech Republic, Finland, Netherlands and Switzerland among others. Another phenomenon emerging with Geocaching coins are multiple country pieces. Today I noted a dual country coin for the U.S. and Canada, as well as a triple country coin for Germany, Switzerland and Austria.
It seems clear that people are taking great pride in their adventures and travels in Geocaching. In addition to just being fun, hobbyists are building a real sense of accomplishment as they branch out to larger areas and grander excursions. Without a doubt, this is one of the largest peripheral growth areas tied to the exonumia wing of numismatics.
News You Can Use
3/18/2008 10:43:37 AM (Eastern Daylight Time, UTC-04:00)
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 Monday, March 17, 2008
Irish Coins for St. Patrick's Day
Posted by tom
Focus Country
3/17/2008 1:51:18 PM (Eastern Daylight Time, UTC-04:00)
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