Bxlsteve

Post birthday treat for myself plus with everything going on I needed cheering up. First proof coins, bought at spot price! Perfect! 

Thank you @TheCoinConnection for 1oz Silver Proof The White Horse of Hanover arrived today and ensuring you are only accept high quality coins from the Royal Mint well worth the wait. Taken its place in the beautifully crafted Alan's Queens Beasts Box only two more to go.....

My replacement Silver Una and the Lion arrived today from the Royal Mint- the Una will be yesterday’s news for most here but I’ve been awaiting this one like an expectant father- looks fabulous through my tired old eyes.







 

A collection of beasts
Thanks to @sovereignsteve, @zhoutonged and eBay for the unc Griffin 👍👍😀😀😀
Just waiting on delivery of 1 more and I've got everything to date

Lots of deliveries today! 
100 1oz 2020 Kangaroos from GSB which came in a nice box, a 100oz bar from Baird and some random jewellery from Royal Mint that I picked up in the sale. 
Ended up at £14.30 per oz across the 200oz of silver, not bad I think. 

I did perform a premeet walk-through and realised how this will look on CCTV...
2 "strangers" smiling and swapping small parcels, in the dead of the night!  

A big shout out to @Tattoedamat, who not only keeps this country running, delivering who knows what to who knows where  ...
but also, agrees to a clandestine meet in a service station at stupid o'clock! You sir, are a gentleman, and it was my absolute pleasure to meet you.

Little delivery from @arshimo2012 only order yesterday afternoon arrives by 10am this morning 

Received the following gold today. 

A 2020 1/2 oz Gold American Eagle BU...


 
A 1979 South Africa Gold 2 Rand AU...


 
Also picked up some Silver with the Perth Mint’s 2017 - 2020 Australia 1 oz Silver Swan series in BU.

Yes thank you @richatthecroft, I did try and put a more positive spin on it not being such a great photo. I could maybe try taking the photo in another room. I knew when taking the photo I was definitely not seeing what my naked eye was able to see.
And yes, I am sure a COA of 007 will be the one to have, but, I am not going to sneeze at 001, better than having number 439 (no offence to whomever lands that one), ha. 

You cannot see the detail in this pic at all, but in person it is subtly wonderful.
Received today, and am very happy with my 007 Bond 5oz'er.

It’s arrived, looks fabulous:



 

Er.....? 🤔

The Coinworld article is informative, I think I remember reading it before,
The NGC page also makes sense, mainly.
So, shipwreck sovereigns are likely to be unharmed by their immersion in salt water, and most will have remained in the conditon they were when their ship sank.
At the time, we did not participate in any of the Douro auctions, but not for any particular reason, and we were busy in any case.
Whenever there is a big coin hoard, or wreck recovery, there is always plenty of publicity, and a degree of hype. 
There are effects on both supply and demand. Suddenly there is a greater than normal supply on the market, but also greater interest stimulated by the publicity.
The increased supply can depress prices, whereas the increased interest can increase them.
For the collector who is nore interested in acquiring something "new", it might not matter if he pays a premium price. For others, ther might be the opportunity to grab a few bargains.
The "Douro", or other wreck / hoard provenance will usually remain with the coins, which can never be a bad thing.
My view, when wearing my dealer's hat, is to buy and value the coin on its own merits, rather than because it is from a particular source.
When it comes to selling, I might just be tempted to allow the provenance to add some value, though!

Well by month 4 we will be on rice or spaghetti with carrots or sweetcorn, cant wait 

https://www.youtube.com/watch?v=rG7KHglCI9Q&feature=em-uploademail
Economic Shockwaves: How the Coronavirus is Impacting our Future Mar 31, 2020
Very worthwhile video above but the last three minutes of the YouTube Video very profound words of wisdom.
"Winston Churchill you can always count on the Americans doing the right thing after they have exhausted all other possibilities"

To heck with it - I am posting here the WHOLE article as I think it is an awesome analysis worthy of disseminating to TSF 
The highlights are mine! and IMHO correct!
***********************
The quote in the title, “Gold Is Money, Everything Else Is Credit” is attributed to JP Morgan himself while testifying in front of Congress back in 1912 shortly before his death.  I will explore this quote because it was exactly 100% correct back then and even more pertinent today, I will explain.  Before I get to this I would like to mention a couple of things.  First, JP Morgan did not say this; he actually said, “Money is gold, nothing else.”  Secondly, back in 1912 Congress was rarely lied to if ever.  Whereas today hearing the truth is as rare as hens teeth.  Please recall our past Federal Reserve chairman Ben Bernocchio as he lied to Congress when he replied, “No” when asked if gold was money.
JP Morgan was in my opinion trying to convey the idea (his knowledge) that gold was the money itself and everything else was a “derivative” (derived) from this money.  He understood that any currency, any debt, any equity or receipt had counterparty risk.  He understood that “promises” were made to be broken.  They could be outright broken through fraud or default or broken slowly through the debasement of a currency.  He also understood that the longer the chain of promises became, the more likely that one link in the chain would ultimately break rendering all of the links worthless.
Fast forward 100 years and we now live in a world where nearly everything is touched by or actually is credit.  The various currencies themselves, all debt of course, stocks, real estate, commodities…everything.  Think about it, margin debt across the globe is at an all-time high.  Real estate has been borrowed against by a bigger percentage than any time in history.  Even commodities have become a “credit casino,” just ask the Chinese who have recently found out that the underlying commodities (including gold) collateral for loans may never have even existed.  Then of course we have $1.4 quadrillion with a very large “Q” of derivatives hanging over the financial world.  This is all credit and it all has counterparty risk.
I want to be very basic here for those not up to speed yet and it’s always good to review and think about the basics for those who are.  “Counterparty” risk is the risk that whoever you are doing business with does not or cannot perform his side of the bargain.  The other party may go bankrupt themselves or someone that they do business with goes under and makes it impossible for your direct counterparty to perform.  There is of course also the risk of fraud, your counter party gets your money and runs which might cause you to not be able to perform on a contract with someone else.  It is important to understand that counterparties may fail to perform for any number of reasons and it could be any number of counterparties that the “failure” comes from.  The important thing to understand is that counterparty risk can occur out of nowhere, it can occur at any time and it can occur from places that you’ve never dreamed of.
Why am I talking about counterparty risk?  Simple, because it exists everywhere and in almost everything we do or touch.  You go to work and you “trust” that you’ll be paid on pay day.  You put your check in the bank and you “trust” that when you return, you can retrieve the funds with a little bit of interest.  You go to the store and “trust” that they will accept your credit or debit card and that they will have the items stocked that you are looking for.  The store must have the same “trust” with their banks and suppliers.  The suppliers must trust their middlemen and banks and so do the raw producers.  This “trust” must also exist between banks, brokers, insurance companies and even central banks, treasuries and sovereign nations themselves.
The above has always and will always be the case, the world must run on “trust” but there is now a problem.  The problem is that “credit” has engulfed the world.  And the danger that a counterparty cascade begins because the risk of a default has never been greater than it is now.  This is because leverage and debt ratios have never been higher.  It is no longer “if,” it is only a mathematical question of “when.”  Again I will go back to a question that I asked you a few weeks back, “Do you believe that the U.S. government is broke?”  A vast majority would now answer “yes” to this question whereas 6 years ago it was considered heresy to even speak about it.  If you answered yes then you are also saying that you believe the house of cards financial system that is based 100% on credit will also come down.  The derivatives chain will break and that everything financial will have a worth or “value” far lower than it does now…because of counterparty failures creating a credit contraction.  Just think back to late 2008 when even central banks became distrustful of other central banks…this next episode will be far worse.
OK, so back to the title and quote by JP Morgan.  “Gold is money, everything else is credit.”  What he was trying to explain is that physical gold in your possession has no counterparty risk.  Gold does not “derive” its value from anything or anywhere.  Gold is value because it is money itself in the most pure and basic form.  Gold will be THE last man standing so to speak when everything falls down around it.  Not only will it still be standing, it will be standing tall because of fear and panic.  When the credit edifice comes down, people from all walks of life (including governments themselves) will seek safety.  For the past 80 years, “safety” was considered U.S. Treasury debt but… it’s different now.  It is different because the Treasury will not be seen as a safe haven but rather a place to flee from.  Gold’s “value” will benefit and rise as much of the credit created over the last 100 years seeks a place to hide.
I know that this piece is most very basic in nature but as I mentioned earlier I believe it’s important to every once in a while “refresh” while newcomers absorb the logic.  Truly folks this is what it’s all about and why you own (or should) own gold.  The financial system is mathematically going to come down and the best position to have when this occurs is to have “money.”  Not fake money watch, not receipts or promise money…REAL money because the financial system will need to be restarted.  It will be “restarted” by those who have the money to do it, hopefully you are part of this because those who are will have legacy to forward to future generations.

Thanks for the info. I weighed paying VAT on this Baird silver which is still available to buy and close to spot against waiting for new low premium VAT free stock to come available. I decided to bite the bullet and pay full VAT on silver for the very first time. I went big and ordered the 100 oz bar. It's a gamble, but time will tell whether it was the right call.

Yes, I did pick that up. 😉 
 
i wanted to know what physical change does that bring to those coins? 
 

What makes these sovs different than most other same year sovs? 
 
i must miss something here. 

It is all to do with provenance.  The salvaged coins were sold at a number of auctions and were certified as such, but they really need photo certificates, otherwise anyone could produce a piece of paper say that the coin had come from the Douro.  The grading agencies do mention the Douro on their slabs but they obviously need to be convinced that the coin has actually come from the wreck.

I have no financial background. Hence I enjoy reading and educating myself. I must admit that sometimes I am lost and I would enjoy some more explanations as to how people come to an opinion. (Sorry hope my English can be understood) 
 
my gut feeling say we are at the beginning of a huge crisis and gold will blow out. But this is only a gut feeling. I believe in gold being a safe heaven. 
 
 not used to publish. I am rather a reader. 

Hello,
Can we come back to the topic of gold crashing? 
 
pretty little please. 
 
thanks!