VickySilver Posted December 11, 2012 Posted December 11, 2012 BTW, the vast bulk of Heritage coins are photographed THROUGH the slab, although they do show coin in slab as well. Quote
divemaster Posted December 16, 2012 Author Posted December 16, 2012 I attended the coin fair at the NMM in Birmingham last week, and was horrified to overhear, as i wandered about, the amount of cleaning of coins by dipping that was being talked about by dealers! Is it that people are attracted to shiny coins rather than a lustre or what, surely it should de-value a coin rather than enhance the price. I have had coins re-jected from grading because of cleaning, why is this so obviously widespread? Quote
azda Posted December 16, 2012 Posted December 16, 2012 So people can make more money divemaster. Quote
divemaster Posted January 20, 2013 Author Posted January 20, 2013 Does anyone agree with me regarding "good investments for the future" that the 1935 REI proof crown with only 2,500 minted could be a way forward?With that limited mintage, and seeing what has happened to prices of the 1934 wreath it makes me wonder. The only doubt i have is that the 1932 wreath crown has not kept pace with the 1934 pro-rata. I wonder? Quote
Peckris Posted January 20, 2013 Posted January 20, 2013 Does anyone agree with me regarding "good investments for the future" that the 1935 REI proof crown with only 2,500 minted could be a way forward?With that limited mintage, and seeing what has happened to prices of the 1934 wreath it makes me wonder. The only doubt i have is that the 1932 wreath crown has not kept pace with the 1934 pro-rata. I wonder?I'm not so sure divemaster. For one thing, its mintage is around 3 times higher than the 1934. For another, it's a limited edition proof of something that already exists in vast quantities (it would be like asking if the piedfort silver proof 1983 £1 is a good investment). For yet another, its value has been fairly static for years. You'd always be able to sell it on, but not make a huge profit IMO. It simply doesn't have the cachet of the 1934, for the reasons given. When I put mine into an auction after owning it for 5 or 6 years, I didn't make a loss, but after commission, I probably didn't make anything on it either. Quote
Nicholas Posted January 21, 2013 Posted January 21, 2013 What makes a good investment I believe are the coins with "aura". It might come from its sheer rarity, when you see 1934 on a wreath crown there's an aura about it (albeit psychological as it looks exactly like a 1932!). It might come from its sheer beauty-ever seen a well preserved 5 guinea piece in person..it might be fashionable- some time ago it was Russian coins, then Chinese, now Islamic? With English coins its just about any coin type/denomination I guess due to the number of growing english coin collectors.. It might be accessibility.. For example ask can you buy one of these coins in this condition on the Internet tonight? If the answer is yes, I'd say aura is low... And coin condition- obviously important, but coins were made to be circulated, aura is high on an object that defies logic... And to see some details on the design of rate coins can be breathtaking. V high aura...!then historical importance can create incredible aura, with the history encapsulated in a small beautiful round metal manuscript... Quote
Benny who Posted January 23, 2013 Posted January 23, 2013 What makes a good investment I believe are the coins with "aura". It might come from its sheer rarity, when you see 1934 on a wreath crown there's an aura about it (albeit psychological as it looks exactly like a 1932!). It might come from its sheer beauty-ever seen a well preserved 5 guinea piece in person..it might be fashionable- some time ago it was Russian coins, then Chinese, now Islamic? With English coins its just about any coin type/denomination I guess due to the number of growing english coin collectors.. It might be accessibility.. For example ask can you buy one of these coins in this condition on the Internet tonight? If the answer is yes, I'd say aura is low... And coin condition- obviously important, but coins were made to be circulated, aura is high on an object that defies logic... And to see some details on the design of rate coins can be breathtaking. V high aura...!then historical importance can create incredible aura, with the history encapsulated in a small beautiful round metal manuscript...I saw an aura around one of the coins that was posted to me once,turned out it was the concussion,from where the wife had hit with a pan after reading the invoice!I sort of know what you mean,a coin in the condition you wanted,even only a scarce example that you been looking for always has a great feeling. Quote
Nicholas Posted January 24, 2013 Posted January 24, 2013 What makes a good investment I believe are the coins with "aura". It might come from its sheer rarity, when you see 1934 on a wreath crown there's an aura about it (albeit psychological as it looks exactly like a 1932!). It might come from its sheer beauty-ever seen a well preserved 5 guinea piece in person..it might be fashionable- some time ago it was Russian coins, then Chinese, now Islamic? With English coins its just about any coin type/denomination I guess due to the number of growing english coin collectors.. It might be accessibility.. For example ask can you buy one of these coins in this condition on the Internet tonight? If the answer is yes, I'd say aura is low... And coin condition- obviously important, but coins were made to be circulated, aura is high on an object that defies logic... And to see some details on the design of rate coins can be breathtaking. V high aura...!then historical importance can create incredible aura, with the history encapsulated in a small beautiful round metal manuscript...I saw an aura around one of the coins that was posted to me once,turned out it was the concussion,from where the wife had hit with a pan after reading the invoice!I sort of know what you mean,a coin in the condition you wanted,even only a scarce example that you been looking for always has a great feeling. Quote
Nicholas Posted January 24, 2013 Posted January 24, 2013 Phew, I thought I was the only one who's been concussed by his wife.... Quote
divemaster Posted January 27, 2013 Author Posted January 27, 2013 I have the same issues with my wife, but i always point out to her that the dress she bought for a hundred pounds will be worthless in two years, whereas my coin for a hundred pounds will not have lost value (hopefully) and may even have gained value! She says shame lager dosnt do the same!Ooooops! Quote
TomGoodheart Posted January 27, 2013 Posted January 27, 2013 Mm .. my Wifey hasn't forgiven me for choosing to spend £300 on coins rather than a ticket for the opening of the Paralympics with the rest of the family. That I got to see it on TV and still have the coins, whereas they just have a few photos doesn't impress her. Oh, well .. obviously put my foot in it .. again. Quote
bagerap Posted January 27, 2013 Posted January 27, 2013 My wife is happy because she knows she spends more on shoes than I do on coins. Quote
divemaster Posted February 5, 2013 Author Posted February 5, 2013 If anyone wants to know a good contact for insurance of coin collections kept in banks, let me know. It was really annoying me that my bank would not insure them for me whilst kept in their strongroom, after lots of looking and research i found a reliable insurer that would. Quote
azda Posted February 5, 2013 Posted February 5, 2013 (edited) If anyone wants to know a good contact for insurance of coin collections kept in banks, let me know. It was really annoying me that my bank would not insure them for me whilst kept in their strongroom, after lots of looking and research i found a reliable insurer that would.There was a topic on insurance early last year and A very good Company in Exeter or thereabouts was Sourced and recommended by members. Is it the same one? Edited February 5, 2013 by azda Quote
divemaster Posted February 5, 2013 Author Posted February 5, 2013 The people i used were Wardrop & Co ltd (Lloyds) from Colchester, member of FSA, found them very easy to talk to and very helpfull.Tel no 01376 563764. They will cover you when transporting collections as well as within safe storage. Quote
Gary1000 Posted February 5, 2013 Posted February 5, 2013 The people i used were Wardrop & Co ltd (Lloyds) from Colchester, member of FSA, found them very easy to talk to and very helpfull.Tel no 01376 563764. They will cover you when transporting collections as well as within safe storage.That's interesting to know as my collection is largely complete and I was thinking of banking it rather than spend £500 on insurance, you can buy a couple of good coins for that. Quote
divemaster Posted February 6, 2013 Author Posted February 6, 2013 The people i used were Wardrop & Co ltd (Lloyds) from Colchester, member of FSA, found them very easy to talk to and very helpfull.Tel no 01376 563764. They will cover you when transporting collections as well as within safe storage.That's interesting to know as my collection is largely complete and I was thinking of banking it rather than spend £500 on insurance, you can buy a couple of good coins for that.Can you explain that a little more please! Quote
VickySilver Posted February 6, 2013 Posted February 6, 2013 And complete collection! Wonderful! Well, most of the rest of us can only hope one day. I fear that the endpoint changes along our collecting paths, never quite gettiing there.... Quote
Gary1000 Posted February 7, 2013 Posted February 7, 2013 The people i used were Wardrop & Co ltd (Lloyds) from Colchester, member of FSA, found them very easy to talk to and very helpfull.Tel no 01376 563764. They will cover you when transporting collections as well as within safe storage.That's interesting to know as my collection is largely complete and I was thinking of banking it rather than spend £500 on insurance, you can buy a couple of good coins for that.Can you explain that a little more please!I'm just upgrading really now, all the major obtainable holes are filled. Really just things like the 1935 gold crown, the old 1920's cupro nickel bits, unconfirmed varieties ect which I don't expect to find for prices I can afford. I intend to sell my collection in about 7 years time and paying £500 a year for the next 7 year so that it can stand in the corner of my living room. I can think of better things to spend my money on. Quote
Peckris Posted February 7, 2013 Posted February 7, 2013 And complete collection! Wonderful! Well, most of the rest of us can only hope one day. I fear that the endpoint changes along our collecting paths, never quite gettiing there....Complete collection? What does that mean? Quote
Gary1000 Posted February 7, 2013 Posted February 7, 2013 And complete collection! Wonderful! Well, most of the rest of us can only hope one day. I fear that the endpoint changes along our collecting paths, never quite gettiing there....Complete collection? What does that mean? I set my goal to collect 1900 to 1967 Farthing to Crown. Well I,ve added most of the major varieties and many of the minor one's as well to keep it going. Not much else to add now. Quote
Rob Posted February 7, 2013 Posted February 7, 2013 Insurance premiums should roughly halve with them being in the bank. i.e about 0.25% of sum insured. Quote
VickySilver Posted February 7, 2013 Posted February 7, 2013 The off year proofs and patterns would I think tend to be a stopper, let alone the E8 issues and coins such as the 1954 penny... Quote
Accumulator Posted February 7, 2013 Posted February 7, 2013 The people i used were Wardrop & Co ltd (Lloyds) from Colchester, member of FSA, found them very easy to talk to and very helpfull.Tel no 01376 563764. They will cover you when transporting collections as well as within safe storage.That's interesting to know as my collection is largely complete and I was thinking of banking it rather than spend £500 on insurance, you can buy a couple of good coins for that.Can you explain that a little more please!I'm just upgrading really now, all the major obtainable holes are filled. Really just things like the 1935 gold crown, the old 1920's cupro nickel bits, unconfirmed varieties ect which I don't expect to find for prices I can afford. I intend to sell my collection in about 7 years time and paying £500 a year for the next 7 year so that it can stand in the corner of my living room. I can think of better things to spend my money on.When you come to sell that open 3, do let me know! Quote
divemaster Posted February 7, 2013 Author Posted February 7, 2013 And complete collection! Wonderful! Well, most of the rest of us can only hope one day. I fear that the endpoint changes along our collecting paths, never quite gettiing there....Complete collection? What does that mean? I set my goal to collect 1900 to 1967 Farthing to Crown. Well I,ve added most of the major varieties and many of the minor one's as well to keep it going. Not much else to add now. Wow well done, that means you have all the wreath proof crowns and all the VIP crowns, thats great ive been trying to do that for all my life, tell me your secret!! Quote
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