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Posts posted by SeverinDigsSovereigns
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For a pound, and you could hop on a bus for 2 of them
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On 07/01/2024 at 15:24, richatthecroft said:
The original crowns exist in a large number in relative good conditions though. Why don't people just buy the original
The modern remakes are no match in terms of relief and details
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On 05/01/2024 at 21:25, HonestMoneyGoldSilver said:
They are biblical quotes and any lines drawn were not drawn by me. The quotes specifically forbid coveting, stealing or redrawing property boundaries. Nobody is taking from anybody but that doesn't mean we can't judge the methods and lifestyle of billionaires and find them to be morally vacuous. There are 2,700 billionaires, give or take. Find me 10 righteous and I'll change my mind.
I don't need to change your mind. In saying all these I may have changed someone's mind already, and other minds aren't for changing. I won't get a penny sucking up to the billionaires, but I know my life (and likely yours) will get substantially worse if our society starts booting billionaires out. God is just, He knows what people want and gives it to them, and I swear He knows what they want better than the people themselves.
And you still haven't answered my question. If all billionaires are vacuous blood-suckers, what about millionaires with £100m? And those with £10m? And anyone with a flat in London? Where should people draw a line before they stop having money, and if they don't are you going to draw it for them? And that I mean amount, not means. Probably no one is taking here but some might be coveting.
The lesson (also biblical quotes) is not to go around make unfounded moral judgements about people based on one's own conception. We know greed is bad but hubris is always worse. Oh, and envy. In the end, Dominus novit qui sunt eius
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3 hours ago, HonestMoneyGoldSilver said:Money is not bad and rich people are not bad by default. It's the love of money and the deified pursuit of profit that is the root of all evil, not money itself. The chances of someone becoming a billionaire with their moral compass still in tact are equivalent to the odds of a camel passing through the eye of a needle
With regards property and rulers: You shall not covet, you shall not steal. You shall not remove your neighbor’s landmark. Render on to Caesar the things that are Caesar's
So people have to be evil to become billionaires, is it so?
What about £100m?
What then about £10m?
You seem to imply that there's a line to draw between evil wealth and OK wealth. Who should draw the line, and how?
Those too eager to draw the line are far more evil than those upon whom the line is drawn. They'll just have to wait and say "now you're bad, we'll take."
When you talk about bad morals, remember, "why do you see the speck that is in your brother's eye but not the plank in your own?"
- Lancashire1, LemmyMcGregor, ZRPMs and 2 others
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15 minutes ago, Agaupl said:
Not at all related to gold price. But adds to the current talk. But my thought is (and it may be completely wrong) that involuntary income tax has replaced voluntary charity.
Tax is alright if well spent. Can't remember when that last happened in the past 20 years
- LemmyMcGregor, Agaupl and Lancashire1
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1 hour ago, Jeffers46 said:
At some point we have to trust something in this world lads. They would be in serious trouble if they were inflating
It's illegal to shill bid, but there are ways around it, like friends or trusted dealers.
But they can't make it too wild or people will find out. So HA results are somewhat reliable.
EBay is a whole new story. Some people honestly want stuff that badly...
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52 minutes ago, HonestMoneyGoldSilver said:
As the saying goes, "behind every great fortune there is a great crime", so those who can afford to donate millions or billions are kind of by default the biggest criminals to begin with
That's a very wild statement. It tells more about whoever says it than whom it says, as those who believe in this believe in none but crimes and will not hesitate to commit any should they wish. That's also how they'd justify their murderous banditry; "rich people bad" I hear they cry, "let's do whatever we want to them"
- Coverte and Lancashire1
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11 hours ago, JohnV66 said:
I had no idea there were so many varieties. I've learned something today.
They used master tools to stamp the dies then hand carved some details. I guess this could be the reason.
It's actually easier to carve things raised than incused, because they'd know the relief of different parts of the design. The master tools were handmade and hence all the differences.
https://www.royalmintmuseum.org.uk/collection/master-tools-and-dies/
These will need to be reworked from time to time, but far less frequent than the dies were remade. Say a punch lasted to make 100 dies, and each die was used to make 10,000 coins or more, for every million coins you remade the die 100 times and the punch only once.
The master tools were also used to counterstamp the spanish silver in the 1790s and until 1804.
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1 hour ago, JohnA1 said:
Earlier on I was shocked by the level of ignorance of the "crypto bro's", even the leading ones. Practically none of them have even read the white paper.
Now I don't even blink at the TomFoolery - the less they know, the more they are convinced they know everything 🤣
Funniest of them all is SBF who believed he needed urgently to do good to the society, then proceeded to hastily steal customers' funds. Effective altruism, eh?
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1 hour ago, RDHC said:
https://www.royalmint.com/sovereign/bullion/
This is the page, showing streamers on all four sovereigns, but just below there is an image of presumably the single sovereign with no streamer.
The 'tacked-on' interpretation is my own because it looks as though the streamer must have been added artificially for those sovereigns that do not possess one as minted.
The original St G didn't have one until 1887. However, the 1823 (perhaps the only double with St.G before 1887) had the streamer. Streamer also appeared on the George III crowns. 1/2 sovs did not feature St.G until 1893, and by then streamer was the standard. So it's all keeping with tradition that the £1 should have not the streamer while all others do.
- westminstrel, GoodAsGold, Zhorro and 2 others
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7 hours ago, iggypop said:
If gold and silver are anything "manipulated" on the table, cryptos are like underground casinos. You don't even need to buy/sell derivatives or actually shift physical, and all you need is a couple of tweets and a crowd of juvenile nouveaux
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12 minutes ago, Kitalon said:
Thank you, I think I understand the cost averaging concept a lot better now. Listening to everyone here has definitely changed the way I'm thinking now. But it still doesn't make me want to buy without delay, I want to be more like Harry carefully choose my moments and end up half a million richer than Amanda. 😜
$500 each month was big money in the 70s and 80s. If you could afford $500/mo back in the 70s and have not gone broke in 92, 97, 08, etc, you will either have
1) quit gold completely
2) raised your stakes massively to something like $5000/mo
3) become a collector spending tens of thousands on single coins, f (short for foget) bullion
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Just now, James32 said:
ATS have them at £415 delivered. Even then that's steep. I wouldn't put too much emphasis on online pricing at the big dealers when checking older years. They are usually extortionate. This is only to help you and no offence meant, but at £420 plus post you are better buying a special reverse or original shield sovereign.
18 minutes ago, Safestacker said:The george is higher as more collectible. Look at prices online.
Thanks guys. Just happen to have some crappy duplicates to offload but have no idea how to price
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1 hour ago, Earthmetal said:
As a slight aside, I wonder why the half-once coins are relatively ignored? 1/10, 1/4 & 1oz are all more popular.
1/4 same size as the sov, 1/10 for the povoes. 1/2s are unpopular for the same reason double sovs are, namely you don't get the same liquidity of the smaller ones, and not the aesthetics of the big
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How about a Christmas gift for yourself my firend (in Screwtape style)
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11 hours ago, Cubic said:Hello all,
I've been considering buying some gold for a while to stick in the safe for a decade or 2. I have a couple of questions though if anyone would be kimd enough to help.
First, after having a quick read through the forum there seems to be a concensus that prices are going to tumble this year, therefore the question is should I buy now or wait? I know nobody has a crystal ball and it's educated guess work but it's a question worth asking.
Second, I think I've decided on 1oz Britannias. Is this a good starting place or are there better options?
Im probably looking at initially buying 2 coins and then maybe 1 every other month after that if this makes a difference.
Third, I've looked at Tavex to make.my purchase, again, is this the best place to go or can I get it cheaper elsewhere?
Thanks in advance 😀
1) there isn't a consensus that prices will tumble. There will most likely be rate cuts coming which drive up commodities, and there might be wars hither and thither which also drive up prices. In any case, consensus on an online forum should not form your investment strategy, but I do think it's a good idea to regularly buy physical gold at a rate you could afford to.
2) 1oz at £1600 ish might be too large a sum for many people. We always recommend smaller units because they're easier to liquidate. If you're in the UK you will also benefit from CGT exemption of UK legal tender coins. A small and received UK legal tender gold is the sovereign (post 1837), and that's where most people start their journeys.
Edit: sovereigns dated before 1982 have a silky lustrous look and are easier to shift in my opinion. Sovereigns dated between 1918 and 1932, and 1957-1982, tend to exist in very good condition and are visually attractive. From a stacker's perspective this shouldn't matter, but there are some conditionally aware stackers, and so it might help resale if your sovereigns are in good condition. Alternatively, try Victoria shield sovereigns (1838-1887, but practically 1842-1884) which sell well regardless of condition.
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Cheeky little things.
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16 minutes ago, Stuntman said:
I wonder if the reason that 1937 sovereigns/sets appear on the market frequently is that they tend to be bought by collectors at or near the end of their collecting journey, due to the cost. I have read that this is the case for the 1934 crown, it's one of the last coins that a serious predecimal collector with deep pockets might buy.
Because of that, the average age of these collectors is likely to be quite high, which is why these coins might appear fairly frequently on the open market as and when their collections are liquidated.
I'm just glad that I don't really want to own coins like these!
Yes there does seem to be some very expensive coins that resurface one a while. Rare, but not too rare, and straight expensive, like some old VF 5 guineas and the 1937. There are relatively few who can afford them, and UK coins are nowhere as in demand as the US coins. I'm personally uninterested in US coins, but I can see there are just many more rich people there. Same for the Chinese coins, but those are far, far more fraudulent.
That said, there are coins so rare you'd have to buy as soon as you see one. I came across an UNC Details coin of a very desirable type, with a tiny mechanical damage barely visible with naked eyes and overall brilliant uncirculated. Which is a pity. It's still marketed for a hefty sum, and I decided to buy it, because I will likely not see another with straight grade (and comparable eye appeal) in the next decade or so and probably will not be able to afford it.
Not sure if I did the right thing though, because Details coins don't sell these days, and I won't get the money back. Very, very, very bad investment, totally heart-driven decision. And if one day I can afford a numerically graded equivalent I'd be rich enough not to worry about the loss I took today. Still, you know, details is a dirty word today, and I avoided details coins like plague, so I'm very conflicted now.
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The Buckingham Palace in gold is stunning, but I think I'll skip this set because the price is too high. It's too hard to shift modern proofs these days...
Wow, auction prices!
in Gold
Posted
All those "attractively toned" Morgan dollars.
And yeah, beautiful toning only exists on morgan dollars as natural, and they all grade at MS67. Haven't really seen old circ. silver coins from other countries behaving like that. Could that be the climate of California?
Planning to get on myself, not any time soon though... I'm broke