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LawrenceChard

Business - Platinum
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Everything posted by LawrenceChard

  1. Has anyone seen one of these: https://taxfreegold.co.uk/pacificsovereign.html Fiji Pacific Sovereign - One Ounce Gold It is possibly one of the rarest one ounce gold bullion coins! 😎
  2. LawrenceChard

    Gold Premiums

    Possibly, depending on when that was, although a settlement between governments might easily be on terms or valuations different from nominal value. 😎
  3. LawrenceChard

    Gold Premiums

    No, for most of their "life", they circulated at their nominal value of £1, and I suspect this was also the case in many other countries, although different buy / sell spreads on foreign exhange may have modified this, and there is often arbitrage to consider. In some countries, there were also black markets where sovereigns or other gold coins would have traded at a premium. "being trusted as a coin containing a known quantity of gold" does not mean they were traded by weight for their bullion value, although it does not mean they were not either. 😎
  4. Whose eyes? Jan van Riebeeck's or the Springbok's? 😎 Most of mine don't, but it doesn't stop me! 😎
  5. Come on they are both real... ... but that was not the question!
  6. Perhaps it is near a French speaking region. Of course, and Krugerrand should have a capital K not lower case. Mine was a typo (one of millions) , what was your excuse? 😎 No, clueless more like! 😎
  7. "Spot price" is normally understood to be the current international market commodity price of fine gold per troy ounce, in US$, or GB£, EUR€,or other currencies. Intrinsic prices and scrap prices are not the same. You can find the spot gold price here: https://www.chards.co.uk/gold-price/gold-spot-price and it also gives the current intrinsic value of a gold sovereign. You can select which currency. 😎
  8. 1966 South Africa Gold 2 Rand Coins - Genuine or Fake? Yesterday I checked and (XRF) tested 2 x 1966 South Africe Gold 2 Rand Coins, with results that surprised me. Do you fancy testing yourself by looking at these photos to see what you think? You could look at the filenames, but that would be cheating! Coin #1 Reverse Coin #1 Obverse Genuine or Fake? Now try the second coin: Coin #2 Reverse Coin #2 Obverse Are they both genuine, both fake, or is there one of each, and if so, which is which? Answers invited on a postcard, or below. No prizes, mainly for fun and educational purposes! 😎
  9. Yes, @DrDave was offering to sell his version, which you should be able to find. We took longer to do ours, but I think we now have some about ready. I think they will about £50, but we have not yet worked out their actual cost to us. 😎 Doug tried a beauty dish out on me... ... and it didn't work! 😎
  10. LawrenceChard

    Gold Premiums

    I think using "fractional" for half, quarter, tenth, twentieth, twenty-fifth, and fiftieth ounce coins makes good sense. It is certainly much quicker and easier than saying or typing "half, quarter, tenth, twentieth, twenty-fifth, and fiftieth ounce coins" every time you want to refer to any of them! Sure, one ounce bullion coins are relatively new, and fractionals even newer, from 1980, but that's all the more reason we needed a "new" word to describe them. 😎
  11. There was a new thread with the same title a few days ago: 😎
  12. I was expecting to answer "Henry VIII", of course, but it seems it was only a rhetorical question. Wars are one possible explanation for the financial state, but having 6 wives, and probably 6 mistresses every week, is possibly a better explanation. 😎
  13. LawrenceChard

    Gold Premiums

    Quite right. IMO. What do Americans know? They say things like Monday through (or thru) Friday, when what they actually mean is Monday to Friday. Logically, if you go through something, then you come out the other side of it. Doors, for example. When you go through a door, you come out the other side. Do Americans stop at the door?, or perhaps become part of it? Yellow Rock sounds like the name of some one-horse town in the USA. Turns out it is the name of a spectacularly bad Western movie (film), which is so bad that Wikipedia does not list it on its "Yellow Rock" disambiguation page: https://en.wikipedia.org/wiki/Yellow_Rock "People refer to gold as the yellow rock"? I've heard some dumb stuff so far in my lifetime! Are people getting even stupider? 😎
  14. LawrenceChard

    Gold Premiums

    You might be able to convince me about sovereigns being "fractionals", if you can tell me what the fraction is! 😎
  15. I would hesitate to test gold dust on our Niton, mainly because it could get messy, but it is something I ought to try in the interest of knowledge and experience. Although we would buy it, the OP might as well try Baird. I would be very cautious about testing "dust", as I have been watching His Dark Materials by Philip Pullman. 😎
  16. LawrenceChard

    Gold Premiums

    No, I would not consider "a sovereign" to be "a fractional". Since 1817, a gold sovereign has always been a gold coin with a legal tender value of £1. I do refer to half sovereigns and quarter sovereigns as fractional sovereigns, and also to double sovereigns and quintuple sovereigns as multiples. If you mean "fractionals" because a sovereign contains approximately a quarter troy ounce of gold, then no, because modern gold sovereigns have existed since 1817, whereas modern "one ounce" bullion coins only came into being quite recently, in 1967. Your second question is rather ambiguous. I would indeed say "the half sovereign" if I was referring to a specific half sovereign, but use the indefinite article if I was referring to a half sovereign in general. 😎
  17. It is worth reading the A.S.A. ruling: https://www.asa.org.uk/rulings/brewdog-plc-g21-1115533-brewdog-plc.html It states that adverts described the cans a "solid gold", "24 carat", and worth "£15,000". A member of our staff happened to have an empty 330ml aluminium can (not Brew Dog) on his desk. It weighed 15 grams. The specific gravity of gold is 19.32, and that of aluminium is 2.7: Gold 19.32 Aluminium 2.70 Ratio 7.16 Therefore a similar can in pure gold would weigh about 15 x 7.16 = about 107 grams. With spot gold currently at £49.39 per gram, this would make the intrinsic value of each can approximately £5,300. This is substantially less than the £15,000 claimed by Brew Dog, a misleading exaggeration, by a factor of 3, seemingly not picked up by the A.S.A. I don't think any reasonable person would expect a solid gold can to be composed of 330 ml of solid gold, rather than a normal hollow can made of gold. Neither would any reasonable person expect the can to just be gold-plated. 330 ml in volume of gold would weigh about 6.4 kgs, which would be worth about $384,000 at today's spot gold price, rather than the $500,000 stated by Brew Dog, although I have done my calculations at current gold prices, rather than look up what they were at the time, but it looks like this was yet another guess, exaggeration, or invention by Brew Dog. None of the above gives me much confidence about the liquid content of their cans, the purity of the ingredients, or the accuracy of thier labelling, or the rest of their advertising. Perhaps @HerefordBullyun's opinion of Budweiser could also apply to the yellow liquid contained in Brew Dog cans? It is also worth noting that the A.S.A. mention two previous rulings against Brew Dog: Other rulings for this company BrewDog plc Upheld 07 July 2021 https://www.asa.org.uk/rulings/brewdog-plc-g21-1095835-brewdog-plc.html BrewDog plc Upheld in part 18 November 2020 https://www.asa.org.uk/rulings/brewdog-plc-g20-1076270-brewdog-plc.html There were also three "related rulings": Related rulings Molly Maison Upheld in part 30 November 2022 Clarson Ltd Upheld 12 October 2022 Gold Traders (UK) Ltd Upheld 28 September 2022 Which I think might also be entertaining and instructive. 😎
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