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21 hours ago, copper123 said:

House prices have risen nearly 30% in my area in the last year allbeit from a low base.According to zoopla anyway.

My god this thread would be at home in the daily Mail

Just quickly, sorry, this is off the thread of coin cabinets. 

Everything else can go to rack and ruin just so long as house prices keep going up...seems to be the last twenty years plus of government strategy.

I think there are two factors - first all these people who used to commute to London want a place in the country now, so they can Zoom everything and maybe pop into the office only now and again. And secondly, where has all that excess money the government has been printing and borrowing gone? - into asset prices (including coins) and the stock market so far, not yet that much into consumables, though oil's going up.

So government inflation CRP and asset inflation would appear to be two different things. And if inflation really rears its ugly head with all this excess money now slushing around, how much are the government going to keep interest rates pegged down to protect the housing market, in the process destroying the value of people's savings?

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1 hour ago, oldcopper said:

Just quickly, sorry, this is off the thread of coin cabinets. 

Everything else can go to rack and ruin just so long as house prices keep going up...seems to be the last twenty years plus of government strategy.

I think there are two factors - first all these people who used to commute to London want a place in the country now, so they can Zoom everything and maybe pop into the office only now and again. And secondly, where has all that excess money the government has been printing and borrowing gone? - into asset prices (including coins) and the stock market so far, not yet that much into consumables, though oil's going up.

So government inflation CRP and asset inflation would appear to be two different things. And if inflation really rears its ugly head with all this excess money now slushing around, how much are the government going to keep interest rates pegged down to protect the housing market, in the process destroying the value of people's savings?

Excellent point about inflation - which largely appears to be the boom type "demand" inflation. If inflation rises and interest rates stay rock bottom, then I can see a huge migration of money out of building society savings accounts, as there will be considerable real terms depreciation of money assets held there. In turn this might well mean more difficult mortgages as building societies are very dependent on savings to finance mortgages (it's a very poor return even now). That will burst the property bubble and quite cause possibly house prices to stagnate for a time. 

Money is flowing out of London for the reasons you mention. If staff can home work, they might as well have a larger rural/suburban property and improve their quality of life. Not to mention that the capital is now a very nasty violent place to be, let alone live in. Who wants to expose themselves to all that on a daily basis - living in semi permanent personal danger from some nutter with a knife or gun?   

 

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2 hours ago, 1949threepence said:

Excellent point about inflation - which largely appears to be the boom type "demand" inflation. If inflation rises and interest rates stay rock bottom, then I can see a huge migration of money out of building society savings accounts, as there will be considerable real terms depreciation of money assets held there. In turn this might well mean more difficult mortgages as building societies are very dependent on savings to finance mortgages (it's a very poor return even now). That will burst the property bubble and quite cause possibly house prices to stagnate for a time. 

Money is flowing out of London for the reasons you mention. If staff can home work, they might as well have a larger rural/suburban property and improve their quality of life. Not to mention that the capital is now a very nasty violent place to be, let alone live in. Who wants to expose themselves to all that on a daily basis - living in semi permanent personal danger from some nutter with a knife or gun?   

 

Judgeing on previous booms and busts in the houseing market - it is still caveat emptor in the property market .

I must admit the last really big bear market  (the one that led to goverment interference in the market being withdrawn (As in MIRAS tax relief) was in 1990-1993  long time ago now.

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I recall Savills forecasting  in March a 21% increase in house prices by 2025.

Their rationale seems to be that prices rise when there is growth,

even when the growth occurs after a trough.

Growth changes how people feel, and this feeling drives the market.  

 

I have a friend saving for a deposit for his first house, and he's so fed up since the market is accelerating away from him...

 

Whether there is then a slump is crystal ball territory.

I'm trying to buy something better at the moment, but at my age I ain't got time to hang around...!

 

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3 hours ago, copper123 said:

Judgeing on previous booms and busts in the houseing market - it is still caveat emptor in the property market .

I must admit the last really big bear market  (the one that led to goverment interference in the market being withdrawn (As in MIRAS tax relief) was in 1990-1993  long time ago now.

Agreed.

 

2 hours ago, blakeyboy said:

I recall Savills forecasting  in March a 21% increase in house prices by 2025.

Their rationale seems to be that prices rise when there is growth,

even when the growth occurs after a trough.

Growth changes how people feel, and this feeling drives the market.  

 

I have a friend saving for a deposit for his first house, and he's so fed up since the market is accelerating away from him...

 

Whether there is then a slump is crystal ball territory.

I'm trying to buy something better at the moment, but at my age I ain't got time to hang around...!

 

That's got to be disheartening. 

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It's driving him and his girl crazy.

They've worked their arses off and have saved up 30K, unbelievably,

and this was nearing enough to be what any lender required, and now it's not enough.

This is in Milton Keynes, and I'm looking at places in Worcestershire to move into maybe,

and the prices there are ridiculous.

 

Mind you, my engineer and his girlfriend pay £1700 a month for a basement flat in Stoke Newington.

That's £20k plus per year....for that sort of cash I would expect to be able to see Valetta Harbour out of the window....

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would settle for a nice view of the arno myself

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Any more coin cabinet news?

I picked up a very nice late Victorian Lincoln style coin cabinet from an auction that use to belong to Paul Munro Walker. Its the better version with well fitted smooth/none sticking sliding trays, not the stacking trays type.

Must be were he keeps his prized ancient coins that was once the envy of the world 😛

I checked it over and given it a good shake to make sure there is no secret compartment or coins hidden away😉

 

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21 hours ago, Taikonaut said:

COP26 world leaders commit end to deforestation by 2030. This will almost certainly have an impact if not the end of production for mahogany coin cabinet.

https://www.bbc.co.uk/news/science-environment-59088498

Sadly they promised the same thing in ?2009 but b*gger all happened, except that felling got worse. :( Brazil has gone from being a net absorber of CO2 to being a net emitter.

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On 11/2/2021 at 12:53 AM, Taikonaut said:

COP26 world leaders commit end to deforestation by 2030. This will almost certainly have an impact if not the end of production for mahogany coin cabinet.

https://www.bbc.co.uk/news/science-environment-59088498

 

 

I would imagine it will still be possible to obtain mahogany. The world isn't going to just abruptly cease producing and trading in wood because of deforestation commitments. For example, Peter Nichols obtain mahogany from plantations in Honduras. Thus a sustainable and renewable source - link

Quote

For the long-term storage and display of coins and medallions mahogany is the historically proven natural material without equal. Its lack of harmful oils or resin make it the timber specified by museums, professional numismatists and decerning collectors. Mahogany cabinets are entrusted to house the most important collections in the numismatic world. As specialist manufacturers I have selected Plantation Grown Honduras mahogany as a species noted for its even grain pattern and consequent stability. From this we have developed a range of cabinets in traditional design to suit the requirements of all collectors.  

 

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1 hour ago, 1949threepence said:

I would imagine it will still be possible to obtain mahogany. The world isn't going to just abruptly cease producing and trading in wood because of deforestation commitments. For example, Peter Nichols obtain mahogany from plantations in Honduras. Thus a sustainable and renewable source - link

 

I imagine the production of a few  hundred coin cabinets will mean nothing in co2  terms when compared to the waste produced by the hundreds of minor wars rageing over the world

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45 minutes ago, copper123 said:

I imagine the production of a few  hundred coin cabinets will mean nothing in co2  terms when compared to the waste produced by the hundreds of minor wars rageing over the world

Precisely. 

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In itself the production of coin cabinets has little to no effect on carbon omission but collectively as far as trading in mahogany and deforestation it will have an impact on the wood that is being  available. Prices will go up. If other countries start putting mahogany on par with trading ban on ivory that will spell an end.

 

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To be honest a lot of cabinets are bought secondhand - here the main problem is what size trays are in it and do they fit the coins in your collection.

You often have to wait years to find a suitable one ......

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1 hour ago, copper123 said:

To be honest a lot of cabinets are bought secondhand - here the main problem is what size trays are in it and do they fit the coins in your collection.

You often have to wait years to find a suitable one ......

Buy two or three, mix and match the trays to suit your requirements, and move the surplus on.

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4 hours ago, copper123 said:

To be honest a lot of cabinets are bought secondhand - here the main problem is what size trays are in it and do they fit the coins in your collection.

You often have to wait years to find a suitable one ......

 

2 hours ago, Rob said:

Buy two or three, mix and match the trays to suit your requirements, and move the surplus on.

I've noticed the ones which come up for auction rarely give the tray recess sizes. So you don't know whether the given example is suitable for your own coins or not.  

I can't understand why they don't. It's only a minute or two's work and would help punters no end.     

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It is probably cheaper to buy an old Mahogany sideboard (and scrap it for timber) , than buy new seasoned Mahogany .Which is ok if you are making your own , but probably a hassle if you are producing commercially . I ended up using Meranti , while not a true Mahogany , has similar properties (nowhere near as attractive though) .

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It would be nice if restoring and repairing of cabinets can be a bigger industry. Vintage cabinet can last a long time and it's sensible to restore them for the sake of the environment and cost.

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Whilst going through some coin books/magazines today, I came across an Italian vendor of coin cabinets. The craftsmanship looks very good, although his tray recesses are square rather than round.

The link is for one cabinet, but if you scroll down there are others shown underneath.

link

 

 

Edited by 1949threepence

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1 hour ago, 1949threepence said:

Whilst going through some coin books/magazines today, I came across an Italian vendor of coin cabinets. The craftsmanship looks very good, although his tray recesses are square rather than round.

The link is for one cabinet, but if you scroll down there are others shown underneath.

link

I would have thought round was the easy and square the hard - there again I dont make the things for a living

You sure the trays are not plastic ?

 

Edited by copper123

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The price is economical but I am not a fan of the wood used or the finish to be honest. If you click on the link and look at the top photo, I don't like the look of the top corner on the left side of the cabinet. 

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16 minutes ago, copper123 said:

You sure the trays are not plastic

The trays must be plastic.

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51 minutes ago, Sword said:

The price is economical but I am not a fan of the wood used or the finish to be honest. If you click on the link and look at the top photo, I don't like the look of the top corner on the left side of the cabinet. 

I think the operative word here is "economical". It appears that no time at all has been spent on the finishing of the timber. 

The top and sides look to be engineered softwood, which is essentially glued together strips, which ensures that no timber is wasted in production.

The drawer fronts look like they would have benefitted from some sandpaper before varnishing.

Out of interest, I googled Peter Nichols cabinets. These appear to be well made, well finished and constructed with proper joints, using seasoned mahogany.

The first, you could keep your coins in. The second, you would be proud to display. Maybe more expensive but I know which option I'd go for.

Just a personal opinion.

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15 minutes ago, Zo Arms said:

I think the operative word here is "economical". It appears that no time at all has been spent on the finishing of the timber. 

The top and sides look to be engineered softwood, which is essentially glued together strips, which ensures that no timber is wasted in production.

The drawer fronts look like they would have benefitted from some sandpaper before varnishing.

Out of interest, I googled Peter Nichols cabinets. These appear to be well made, well finished and constructed with proper joints, using seasoned mahogany.

The first, you could keep your coins in. The second, you would be proud to display. Maybe more expensive but I know which option I'd go for.

Just a personal opinion.

In the end you pays your money and takes your choice

We all have choices to make personally a nice second hand one is a good choice  there is always Aldi as well the really cheap option

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