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 Bilbo's Random Thought Collection
Thoughts on daily life, human interaction, history, society and the world
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Information exchange for British Commonwealth coins and banknotes
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 Friday, June 20, 2008
Friday Fix
Posted by tom

TMgraph.gifFriday Fix

London pm fixes for 6-20-08

Gold $907.50

Silver $17.44

Platinum $2068.00

Palladium $475.00


Friday Fix
6/20/2008 10:47:46 AM (Eastern Daylight Time, UTC-04:00)  #  Comments [0]
 Thursday, June 19, 2008
Gold at $5,000?
Posted by tom

TM-NEWS.gif Comment That Gold Could Reach $5,000 an Ounce

I've read a lot of forcasts, predictions and ramblings on the future of gold. I've heard reasonable predictions of $1,000 an ounce, futuristic impressions of $2,000 an ounce and now a mathematical fiction of $5,000 an ounce based on limited available quantites and the anticipation of skyrocketing demand in the face of raging inflation.

Yes, $5,000 an ounce as a possible future for gold through the eyes of Christopher Wyke of Schroder Investment Management Ltd., a very large global investment firm. Of course you should consider that Wyke was busy promoting Schroder's new Alternative Solutions Gold and Metals Fund at a conference in Hong Kong when he made these statements. As a promotional urging it certainly did get Wyke and Schroder plenty of investment community and Internet buzz, which may be worth much more than $5,000 an ounce to their new fund.

Todays $5,000 an ounce remark is certainly a large revision of Wyke's March 2, 2008 comments in a TimeOnline interview, where he said that "Gold could reach $1,200 a troy ounce or even $1,500". But conditions are always changing and new information comes to light every day, so who knows, maybe a 330% increase in ones forecast over a 3.5 month period is reasonable. Or maybe within context Wyke was talking about a more distant future, one which I will never expect to see.


News You Can Use
6/19/2008 6:29:04 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [1]
I'm Not There
Posted by tom

TMfilm.gifTom's Recommended Film of the Week

I'm Not There

Most folks will either dislike or be confused by I'm Not There. Even fans of Bob Dylan may find it anoying and disjointed. It is a unique vision of the direct Todd Haynes and as such, it takes some getting used to.

I'm Not There presents segments of Bob Dylan's life, with no particular adhearance to historical accuracy. It mixes Haynes life perceptions with Dylan's larger than life characters. It offers the reasonable outlook that some people, such as Dylan, create many different personnas within one lifetime.

Most significantly however, if puts forth some excellent acting, with six people all playing different eras of the Dylan mystique. Marcus Carl Franklin is the child Dylan, Christian Bale is the folk/religious Dylan, Cate Blanchett is the electric rocking Dylan, Heath Ledger is the pop-icon Dylan, Richard Gere is the reclusive older Dylan and Ben Whishaw is the unique thinking Dylan under the harsh light of public fame. Together they present a single perspective of a driven man, whose own fame and subsequent public-perceived responsibility so shocked and disturbed him that he spent years trying to reinvent what he had so successfuly invented. It's a grand portrat of an artist trying to create in the shadow of a man propelled into unwanted leadership.

If that all sounds confusing then I think you have an idea of Haynes creation in I'm Not There. It's not a simple stright forward film, it's nit light entertainment, but it may keep you thinking for a while if you give it a chance.


Tom's Recommended Film of the Week
6/19/2008 1:36:48 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [0]
Gold Breaks Through $900 Barrier
Posted by tom

TM-NEWS.gif Gold Breaks $900 Again

After vacillating all week, but with general upward drive, Gold finally broke through the $900 barrier this morning. As of this posting it rests at about $903.

Let's see if it holds above $900 through tomorrow morning in time for our Friday Fix!


News You Can Use
6/19/2008 1:07:59 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [0]
Price updating for Danish India - Tranquebar
Posted by tom

TMupdown.gif Prices Going Up For Tranquebar

This week I have been working on upgrading the values in our India-Danish Tranquebar or Trankebar section, with the expert advice of numismatist Olav Sejeroe. Values on these scarce, crude, Tran3obv.jpgprimarily lead and copper issues have gone up, up, up in the years since we published the 3rd edition of the Standard Catalog of Wolrd Coins 1601-1700. In the interim Olav's website has has proved to be an excellent resource for collectors, allowing everyone to keep up with his ongoing research advancements.

For some of the types we formerly listed only as Rare, Olav has nowtran3rev.jpg been able to determine values. Some duplicated listings have been cleaned up and removed. Better descriptions have been added where needed and some varieties which are no longer of significance financially have been deleted.

Olav's work should make these fascinating coins a bit easier to understand for the average collector. Check out this revision now at NumisMaster and keep an eye out for the new 4th edition SCWC 1601-1700 coming this fall from KPbooks.


Price Change of the Week
6/19/2008 11:46:35 AM (Eastern Daylight Time, UTC-04:00)  #  Comments [1]
Collecting South Africa
Posted by tom

TMglobe.gifSources For Collecting South African Coinage

After more than 20 years of work as numismatic market analyst for the Standard Catalog of World Coins series, one bit of advice I can surely give budding collectors is: educate yourself before spending your money. In the old days, we used to say, "Buy the book before the coin", which was good advice, but in todays fast paced world you can do so much more.

6penceobv.jpg

For instance, if you want to begin collecting South African coins, you can start by 6pencerev.jpglearning about the home market. Check out the South African auction site Bid or Buy and see how they do the eBay thing on their home turf. Bid or Buy has nearly 3,500 listings in their coin catagory as of this posting and most sellers will ship to Europe and the United States. Take time to view the SA Mint site and see what they are producing today. Check around the Internet and see what South Africa has to offer in the way of coin knowledge, specialty references, websites and blogs.

2centobv.jpgThen see what the Australian, European and U.S. markets are up to. Check out Noble Numismatics auctions, as they often have South African coins and medals in their sales. Take a look at the Dix Noonan Webb auction site, where the South African proof sets I mentioned in my last posting are being sold today. Get on the mailing list or check out the World Coin News ads for Dennis Gill, the Garden City, NY coin dealer 2centrev.jpgwho has over 80 classic South African coins for sale on his latest price list.

Of course, using a Standard Catalog, DVD or the NumisMaster website, is a fine grounded base to start from, but knowledge is not a single celled creature, it is always growing and evolving. We have many experts who help us to grow the Standard Catalog of World Coins and NumisMaster and if you seek to gain knowledge of your own, perhaps some day you will be one of those experts too.


Focus Country
6/19/2008 10:38:06 AM (Eastern Daylight Time, UTC-04:00)  #  Comments [1]
 Wednesday, June 18, 2008
South African Proof Sets at DNW Sale
Posted by tom

TMLYL1.gifEight South African Proof Sets at Dix Noonan Webb

One more unusual group set to close in tomorrow's Dix Noonan Webb sale No. 78 is a run of eight South African proof sets. Normally I do not see too many of these at auction, though I know they do trade privately. Some 20 years ago these scarce 20th Century cased sets were a very hot commodity, with high prices and a handful of collectors striving to obtain them. Low minatges and high collector interest made for a volatile market mixture, but once a couple of the higher buyers left the field, market prices dipped a bit.

It will be very interesting to see the bidding activity on these sets, which run from lot 728 to lot 735. Even though the market did soften from those former highs, the last few years there has been a bit more interest and most of the sets have very low mintages especially in the 1930's. In addition some nice South African material has been more available to collectors outside the home market and this has stirred some buyers to look for bargains. We'll see if this translates into more bidders with higher limits again, or if these sets remain somewhat repressed.

Within the last two years I have noticed a increase in individual prices of choice proof pieces  and some of the early set prices have gone up on NumisMaster, but this sale will be a good barometer to judge possible future performance for these scarce South African Mint cased sets released from 1923 to the 1950's and beyond.


Lots You'll Like
6/18/2008 10:13:24 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [2]
British Colonial Coinage at DNW Auction
Posted by tom

TMLYL1.gif Dix Noonan Webb Present Great Irish Collection & More

tomcoins1.jpg

Tomorrow Dix Noonan Webb will be selling Part II of a wonderful collection of Irish Coinage which spans most all eras. The offering begins with gold ring money from the first millennium BC, parading through a variety of classic Medieval Coinage from John, Henry III, Edward I, Edward IV, Henry VII, Henry VIII, Edward VI, Philip and Mary and up into the early coins of Elizabeth I.

Of course, for me, it is the superior collection of coins of the Great Rebellion which hold the most interest. Many types are represented here and most any Ireland collector should have an opportunity to acquire new specimens. There are several examples of Inchiquin Money, Dublin Money and Ormonde Money of the Lords Justices.

Dublin Money is quite rare and not often seen up for sale, but this auction offers both a Crown and a Halfcrown. The Crown is lovely, the Halfcrown a bit weaker in strike but less often encountered, so don't miss this chance to add one to your collection.

tomcoins4.jpgThere are fourteen Ormonde coins in the NDW sale 78 including three Crowns, two Halfcrowns and a scarce large letter tomcoins5.jpgTwopence (pictured at the top of this posting) from the normally encountered 1643/1644 issue. But my excitment really ramps up a step at lots 83 and 84, a Crown and Halfcrown from the seldom encountered 1649 issue. Don't miss them! They do not come around too often.

tomcoins2.jpgAlso in this Irish offering are couple scarce Kilkenny types, including thetomcoins3.jpgCastle above K coutermark, which is seldom seen for sale. There are two sharp Blacksmith Halfcrowns, and a couple Cork issues, including the Cork and castle on a klippe, which I don't recall seeing very often.

A third Cork piece cataloged as lot 121 is sepearted from the others, as it may be from the Civil War of 1689-1691 but attribution is not yet quite certain. This coin hosts a countermark of a leopards head above CORKE with palm leaves below, struck over a 1677 token of William Ballard. I think it must be rather scarce,as I don't recall seeing it offered more than one or two times before.

In standard Ireland coinage this sale hosts many sharp examples of types from Charles II, James II including Gunmoney, some Limerick coinage, plus coins of most other British rulers and several Free State issues.

This catalog would be an excellent addition to any British Colonial or British Commonwealth reference library, but will be especially important for the collector of Irish coinage.


Lots You'll Like
6/18/2008 5:17:20 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [0]
British Maundy Set's at DNW Sale
Posted by tom

TMLYL1.gifSeveral British Maundy Set's Closing Tomorrow at DNW

tomlots1.jpg

Tomorrow morning Dix Noonan Webb's auction 78 will be crossing the block with lots of interesting lots. Of particular note to me were several nice Maundy sets including two from 1679, a William and Mary set from 1689, two Queen Anne sets from 1708 and 1709, a George I set from 1727 the year of his death, a George III set from 1795 and a George IV set dated 1824. I would expect that several of these will garner serious attention, as Maundy sets have been very popular of late. Prices have risen, especially on the tougher dates and earlier sets. The William and Mary set is a nice opportunity and should bring a tidy sum.

tomlots3.jpgAlso in this sale are a number of excellent British patterns from all eras. I was particularly taken with lots 412 and 413, a pair of striking William Wyon Florin tomlots4.jpgpatterns for Queen Victoria. DNW is also offering several George III pattern halfpenny pieces, a few rare Queen Anne farthing patterns, and a few others here and there as well, including a rare Pinches private pattern crown.

Later this afternoon, I'll post about some of the British Colonial coins in DNW's auction 78.


Lots You'll Like
6/18/2008 1:36:48 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [0]
 Friday, June 13, 2008
Friday Fix
Posted by tom

TMgraph.gif Friday Fix

London pm fixes for 6-13-08

Gold $866.00

Silver $16.31

Platinum $2043.00

Palladium $450.00


Friday Fix
6/13/2008 1:23:39 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [0]
 Thursday, June 12, 2008
New 2001-Date Standard Catalog Released
Posted by tom

TMkplogo.gif 3rd Edition Standard Catalog of World Coins 2001-Date

It's finally here! This week we got the first sample copies back from the printer of KP books newest numismatic volume, the 2009 Standard Catalog of World Coins 2001-Date 3rd edition. This youngest of the SCWC Century volumes is up over 430+ pages now and has quickly become the mainstay of the modern issue coin collector.

Z1834.jpgNew dates on existing types, new circulation coins, brand new commemorative issues and lot's of price changes give this new edition solid value for the enthusiast. I was very pleased with the work we were able to put into this volume, with the market as hot as it is we still managed to get the gold and silver coin values in line, while adding in nearly 50 pages of new coinage. That's about a 12.5% increase in data, plus we continued this years SCWC big bonus of an added DVD of the entire catalog, so you can now have the Standard Catalog available on your home computer or laptop in a digital form for quick searching to augment the traditional paper catalog. That's the 2001-Date SCWC in pdf page format, the DVD catalog that so many people have been clamoring to get, included with every copy of the bound catalog you purchase.

And speaking of purchasing, the2009 3rd edition SCWC 2001-Date should be available from coin dealers and coin supply houses in the not too distant future, or you can order direct from the KP Bookstore right now. In fact, I asked my good friend Toni over in marketing if we could offer a special deal to all you Big Ideas, little world readers and here's what the two of us cooked up.

If you order the new 2009 3rd edition Standard Catalog of World Coins 2001-Date (item No. #Z1834) online through the KP Bookstore , on or before midnight June 26th and use the Big Ideas, little world special discount Coupon Code NB28, you will receive a 20% discount off the $35 cover price.

That brings your cost down to $28.00 for this brand new edition! Consider it a big "Thank You" from me and Toni to you!


KP Update
6/12/2008 5:43:09 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [5]
A Quiet Moment in Gold
Posted by tom

TM-NEWS.gifA Pause in Precious Metals

With Gold at an extremely low point, most analysts are considering what things may come. Some are looking for a bullish burst back above $900, some still look for $1000 gold before the year is out. Others are backing off their interest and diversifying.

Commodities , the dolly of many investors for most of the first and second quarters of 2008, have become a questionable refuge since the Fed hinted at raising interest rates. The stronger dollar that we are seeing this morning adds weight and confidence to the Fed's plans. Crude oil is still very high and futures are even higher, but with pressure easing off at the pumps some are less keen on this hedge vehicle.

So where to next? Looks as though a few forward thinkers are moving money back into more conventional investment quarters. This is a surprise to many, but it may be a smart way to spread funds and secure stability, if better economic times are ahead. Maybe it's time to look around and see what's available from firmer instituations, ones which remained conservative in their finanacial choices during the wild lending times.


News You Can Use
6/12/2008 1:05:47 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [2]