Rare medieval gold coin 'could fetch £150,000'

[Hussulo]

http://www.24dash.com/content/news/viewNew...D=7&newsID=7284

[Rob]

http://www.24dash.com/content/news/viewNew...D=7&newsID=7284

This and the Manx article are hardly news, the auction catalogues came out 2 weeks ago. It will be in the Star, Sun and Mirror next week.

[Chris Perkins]

All the same though, if is has not been previously mentioned in here, then it's good that someone has linked to it.

[Rob]

All the same though, if is has not been previously mentioned in here, then it's good that someone has linked to it.

It's not Hussulo I'm complaining about, it's the peddlers of non and stale news. Press sites reporting 2 week old news tells me they are struggling to find anything to write about. The forthcoming sale of the double leopard was mentioned on Spink's website a few months ago.

[Hussulo]

I know I have also seen it advertised in Coin News magazine before but I thought it might make interesting reading to some of the newer collectors or people that haven't been following the current market so religiously.

[Sylvester]

All the same though, if is has not been previously mentioned in here, then it's good that someone has linked to it.

It's not Hussulo I'm complaining about, it's the peddlers of non and stale news. Press sites reporting 2 week old news tells me they are struggling to find anything to write about. The forthcoming sale of the double leopard was mentioned on Spink's website a few months ago.

First i've heard of this, interesting. So there's three of them now then... interesting, one day perhaps, one day.

[Rob]

All the same though, if is has not been previously mentioned in here, then it's good that someone has linked to it.

It's not Hussulo I'm complaining about, it's the peddlers of non and stale news. Press sites reporting 2 week old news tells me they are struggling to find anything to write about. The forthcoming sale of the double leopard was mentioned on Spink's website a few months ago.

First i've heard of this, interesting. So there's three of them now then... interesting, one day perhaps, one day.

SOLD FOR £400,000 hammer

[Coppers]

SOLD FOR £400,000 hammer

Incredible! Did it end up with a dealer or a collector?

[Rob]

SOLD FOR £400,000 hammer

Incredible! Did it end up with a dealer or a collector?

It wasn't me, my bid of £50 was rejected.

[Sylvester]

SOLD FOR £400,000 hammer

Incredible! Did it end up with a dealer or a collector?

It wasn't me, my bid of £50 was rejected.

Well at least you tried!

[Rob]

SOLD FOR £400,000 hammer

Incredible! Did it end up with a dealer or a collector?

It wasn't me, my bid of £50 was rejected.

Well at least you tried!

I thought nearly 170 times face value was overly generous

[Hussulo]

SOLD FOR £400,000 hammer

Incredible! Did it end up with a dealer or a collector?

It wasn't me, my bid of £50 was rejected.

Well at least you tried!

I thought nearly 170 times face value was overly generous

WOW I did think 150000 was a tad conservative.

[Guest Rico Suave]

I am quite concerned about these prices & not just that the market as a whole is climbing. If it is true that "investment funds" are purchasing these bits, there could be short-term meteoric price increases in certain high-profile bits & that these funds will drive coins up well past the means of the vast majority of collectors.

This would tend to push coins into a "ping-png" price rising scheme where such funds and perhaps a very few private players bounce the prices ever upwards. The rest of the market would then tend to be pulled by such prices to what are rather arteficial levels vulnerable to readjustment. This happened in a big way to American coins (and is still happening) with rather poor results for the average, or even above average collector.

There seems to be no commentary to this effect and very little in the way of analyses offered by the press & I believe a worthy subject of debate.

[Rob]

I am quite concerned about these prices & not just that the market as a whole is climbing. If it is true that "investment funds" are purchasing these bits, there could be short-term meteoric price increases in certain high-profile bits & that these funds will drive coins up well past the means of the vast majority of collectors.

This would tend to push coins into a "ping-png" price rising scheme where such funds and perhaps a very few private players bounce the prices ever upwards. The rest of the market would then tend to be pulled by such prices to what are rather arteficial levels vulnerable to readjustment. This happened in a big way to American coins (and is still happening) with rather poor results for the average, or even above average collector.

There seems to be no commentary to this effect and very little in the way of analyses offered by the press & I believe a worthy subject of debate.

This is also debated in the thread "Has the market got out of control" on this forum. The problem is not the top pieces, but the relative crap. There is a surplus of VF-EF pieces in many cases, yet these are being chased up in the mistaken belief that they will hold their value. When the market turns down and only a couple of major players are left they will still want the top couple of pieces, but who will want the rest?