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THE NEW COIN CLUB

#Post
2001

Happy New Millennium to all Coin Club Posters and Watchers! (Hopefully Chefman1 will return for the party)

Welcome to the Coin Club. We are an assortment of newbies, amateurs and experts with questions and answers for newbies, amateurs and experts in coin collecting, also known as numismatics. Whether you are just getting started, have been collecting for years or have simply found some old coins about the place that you’d like to sell, this is the place to ask your questions.

No one has all the answers, and you may get five differing answers to the same question, yet each may be right in a manner of speaking, especially if opinions are involved. Opinions often vary. If you receive no answer to your query within 48 hours, please ask again.

chrisr5 - 2013-05-20 10:01:00
2002

WOOOOOOOHOOOOOOOO!!!!!

Roll on 3000!

echoriath - 2013-05-20 10:16:00
2003

Wondered who would take out the millennium.Well done chris

gammoner - 2013-05-20 10:48:00
2004

Ouch ,another big take down in the Paper Silver going on .Nearly 7% in opening 35 mins but holding at present.

gammoner - 2013-05-20 10:51:00
2005

Depends on what the NZD is doing too, though - a US$46 drop in gold last week was almost totally offset by a 4c shift in the exchange rate at the same time.

translateltd - 2013-05-20 11:33:00
2006

Gold is back about NZ$20 oz this morning from Fridays close.NZ$ back up over .81c.
More the silver loss today than the gold

gammoner - 2013-05-20 12:04:00
2007
gammoner wrote:

Gold is back about NZ$20 oz this morning from Fridays close.NZ$ back up over .81c.
More the silver loss today than the gold

I've only watched for a few years but the saying 'sell in May and walk away seems to hold true'. Certainly the time to buy is when there's no interest or hype.

chrisr5 - 2013-05-22 07:28:00
2008
chrisr5 wrote:

I've only watched for a few years but the saying 'sell in May and walk away seems to hold true'. Certainly the time to buy is when there's no interest or hype.


Certainly been true for the last 7 of 10 years prior

gammoner - 2013-05-22 19:49:00
2009
chrisr5 wrote:

'sell in May and walk away seems to hold true'.

You sure you're not getting mixed up with "Spray and walk away"?

echoriath - 2013-05-22 22:23:00
2010

Well the tick up in July through to August ( also true for 7 of last 10years) will soon be upon us . Dow bubble to pop, bottom for metals at same time,all coming together for another strong leg upwards. Go Gold, Go Silver,Go Coins

gammoner - 2013-05-22 23:07:00
2011

Will be taking my walk away mid June to mid July, 4 weeks holiday to Central Europe and the Med. Back for three weeks then to Fiji for 8 days with a few of those on the water fishing. I recall last year we were fishing 27 km offshore and was still able to bid on Trademe using the Ipad and their Vodafone mobile service, only when it was not my turn to be in the chair of course.

gammoner - 2013-05-23 20:43:00
2012
gammoner wrote:

Will be taking my walk away mid June to mid July, 4 weeks holiday to Central Europe and the Med. Back for three weeks then to Fiji for 8 days with a few of those on the water fishing. I recall last year we were fishing 27 km offshore and was still able to bid on Trademe using the Ipad and their Vodafone mobile service, only when it was not my turn to be in the chair of course.

If you're trying to make us envious I can safely say you succeeded.

chrisr5 - 2013-05-24 00:19:00
2013

41,000 households had their electricity cut off last year for non payment of their power bills, supposedly 270,00 children live in poverty. Many NZ Supermarkets are raising funds to feed children as well as gifting dated produce to food banks. It's time for a change, choose a brighter future, could resonate again at the next election as in 2008. Doubt any of these people post on this coin club thread. Enjoy the holiday ~ the Med is lovely to swim in.

alpha111 - 2013-05-24 15:44:00
2014

Feeling diabolical am I.

echoriath - 2013-05-24 17:39:00
2015
echoriath wrote:

Feeling diabolical am I.

We've got your number :-) Best I can do for the duration is a local dealer's PO Box ...

Edited by translateltd at 6:07 pm, Fri 24 May

translateltd - 2013-05-24 18:05:00
2016

Place your orders for any wanted coins lol.
Fiji have many copy Sovs and 1/2s, some very good quality and have had them tested for refining using the spectrometer and they are .917% or better gold so go figure.

gammoner - 2013-05-24 18:40:00
2017

Better than most of their 22ct jewellery which is often only slightly better than 18ct even though has all the 22ct hallmarks.

gammoner - 2013-05-24 18:43:00
2018

Is the spectrometer a destructive tester gammoner? I'm guessing it is.

chrisr5 - 2013-05-27 12:18:00
2019
chrisr5 wrote:

Is the spectrometer a destructive tester gammoner? I'm guessing it is.


Non invasive or destructive..that is the beauty of it as you can return any item as was given. Regards, Alan

gammoner - 2013-05-27 17:36:00
2020
gammoner wrote:


Non invasive or destructive..that is the beauty of it as you can return any item as was given. Regards, Alan

You've got me interested, may I ask the model? Currently I only have a couple of rare earth magnets for detecting silver, which lacks specificity.

chrisr5 - 2013-05-28 11:10:00
2021
alpha111 wrote:

41,000 households had their electricity cut off last year for non payment of their power bills, supposedly 270,00 children live in poverty. Many NZ Supermarkets are raising funds to feed children as well as gifting dated produce to food banks. It's time for a change, choose a brighter future, could resonate again at the next election as in 2008. Doubt any of these people post on this coin club thread. Enjoy the holiday ~ the Med is lovely to swim in.


Blah,blah................blah blah ................blah blah blah blah !!!!!!!!!!!!!!

rebel58 - 2013-05-28 11:17:00
2022
chrisr5 wrote:

You've got me interested, may I ask the model? Currently I only have a couple of rare earth magnets for detecting silver, which lacks specificity.


Elvax counter top model (NZ$83,000-00 current price lol ), XRay Fluro spectrometer .

gammoner - 2013-05-28 14:32:00
2023

Will detect and give you the % of any tested items makeup, on every element in the periodic table, to within 0.0001 +/_ accuracy range.
Can detect the difference between .999 silver and .9995 silver for example.

gammoner - 2013-05-28 14:39:00
2024
gammoner wrote:


Elvax counter top model (NZ$83,000-00 current price lol ), XRay Fluro spectrometer .

I had to ask didn't I?! I guess that separates the serious collectors from more casual collectors. Suffice to say I am just a little bit envious!

chrisr5 - 2013-05-28 15:44:00
2025
chrisr5 wrote:

I had to ask didn't I?! I guess that separates the serious collectors from more casual collectors. Suffice to say I am just a little bit envious!


HaHa, not my own ,but my friendly refiner allows me the use of it here in Auckland. I know of one other in Wellington.
Would be putting the extra $83k into the Coins rather than the testing of them. Regards, Alan

gammoner - 2013-05-28 17:43:00
2026
gammoner wrote:


HaHa, not my own ,but my friendly refiner allows me the use of it here in Auckland. I know of one other in Wellington.
Would be putting the extra $83k into the Coins rather than the testing of them. Regards, Alan

Still envious though! Nice piece of equipment to be able to access. Does it provide a 'signature'? For instance I understand there is some attraction to Indian sterling silver because the refining process left traces of gold. Would it recognise this as different to say silver refined in the UK? More to point and the reason for my interest is - would it be a definitive way of spotting a Chinese fake crown coin? (P.S. - Sorry for all the questions)

chrisr5 - 2013-05-30 09:58:00
2027

They're not THAT flash. I've got three of those spectromamajigs.

echoriath - 2013-05-30 10:11:00
2028

Yes will detect the different elements in each. If it was from say the UK mint it would have a composition signature of its own.The UK silver would have no gold but the Indian may have and would show on the reading .Very easy to detect the fake coins from any region by the metal content.They won't be making fake silver or gold items using the genuine % of metals, as a pointless excercise.There are a few contributors to the message board who I have traded with and would be happy to arrange for a free testing of any items that you would like to have done for clarification one way or the other.Regards,Alan

gammoner - 2013-05-30 14:30:00
2029

Well it appears that the coin club thread is not very active at the moment.
Therefore a question to start things off again.

How many years were Kruger silver coins minted.

lester36 - 2013-06-01 17:33:00
2030
lester36 wrote:


How many years were Kruger silver coins minted.

I will guess and say 7 (1892-98 inclusive). Not sure if any silver coins were made in 1898 though I know there were bronze pennies that year.

translateltd - 2013-06-01 21:20:00
2031

I will say just the 6 years, but what was the very rare 1898 SA coin and its most recent sale price?

gammoner - 2013-06-01 23:27:00
2032

hello coiner's,silverfox69 here.this week i have got silver crown nunber 1000,it's taken many years of buying and tradeing,now heading for 2000,take care trademe warriors looking forward to the bidding wars with you. ( who holds the silver makes the rules).....

silverfox69 - 2013-06-02 00:33:00
2033

Amongst a lot of coins I still need to sort, I found a lot of them that are in cardboard holders and text on them. One of these coins, HONG KONG 1901 H- BRONZE AU-50 ONE CENT, is part of a large collection of cents.
On the back of the holder it has a price of $100
Could this be true value, since I have a lot of coins that show a price on them and some are priced at valuable amounts. I don't want to flock them off just to get rid of them, but want to sell them so the proceeds go to my grand children. I have listed the above coin and would appreciate some advise.

superopa - 2013-06-02 11:45:00
2034
superopa wrote:

Amongst a lot of coins I still need to sort, I found a lot of them that are in cardboard holders and text on them. One of these coins, HONG KONG 1901 H- BRONZE AU-50 ONE CENT, is part of a large collection of cents.
On the back of the holder it has a price of $100
Could this be true value, since I have a lot of coins that show a price on them and some are priced at valuable amounts. I don't want to flock them off just to get rid of them, but want to sell them so the proceeds go to my grand children. I have listed the above coin and would appreciate some advise.


There were 10 million minted so I would say that price seems a bit high.
As with all coins condition is important.

lester36 - 2013-06-02 12:14:00
2035

I also have one cent, strait settlement 1874 H, EF40/XF with a price printed $240.
Just wondering why these prices are on them if they weren't worth that much? Should I list this coin for the printed price?

superopa - 2013-06-02 14:04:00
2036
superopa wrote:

I also have one cent, strait settlement 1874 H, EF40/XF with a price printed $240.
Just wondering why these prices are on them if they weren't worth that much? Should I list this coin for the printed price?


Hi Again Around 10 million of these as well . Not sure why the price so high.
You can always list at what you are comfortable with but the price on the coin would be a dealers price and most things are down at the present.
And remember you either want to keep the coins or sell them if you are listing them at a dealers selling price you will have them for a long time.
Good Luck.

lester36 - 2013-06-02 14:10:00
2037

Hi superopa, and thanks for the questions. As you've already seen, you've come to the right place. lester makes good points about the importance of condition, dealer's values, and market conditions. Here's a handy website for getting some idea of current market values:

http://www.ngccoin.com/poplookup/World-Coin-Price-Guide.aspx

To build on what lester said, these should probably be thought of more as insurance replacement values (aka book value), as opposed to what they might go for on TradeMe, which is effectively a private sale but in a competitive environment. A lot depends on who turns up on the day and what their interests are.

Generally, I see decent items going for about half of book value. I think that's a safe place to set a reserve. From there, you may still need to be patient, but there's a fair chance you'll get a buyer after a re-list or three. If you start at book value, you may have quite a wait in front of you.

Silver and gold are up, but those prices are somewhat independent of the value of rare coins. I can show you coins made of copper, nickel or bronze that are worth well over their weight in gold. Silver and gold coins also have values well above their weight if they are rare enough.

Good luck,
Tim

echoriath - 2013-06-02 14:37:00
2038

Hi Tim
I don't know where you are looking but both Gold and Silver are falling nearly every day.

They of-course will come back, but not for awhile I would think, Not with the USA printing paper money at the rate they are.

lester36 - 2013-06-02 15:08:00
2039

Rare coins Thailand

Your opinion

lester36 - 2013-06-02 21:36:00
2040
lester36 wrote:


They of-course will come back, but not for awhile I would think, Not with the USA printing paper money at the rate they are.

One of the best discourses on economics IMHO comes from Douglas Adams, I'll paraphrase, but I haven't read it in about 20 years so I might be a little hazy; -

Arthur Dent and Ford Prefect notice that everyone seems to be walking around with rather a large number of leaves stuffed into their clothing, thinking it is some attempt at keeping warm they enquire of the Captain.

Golgafrinchan ship's Captain - Since the decision to accept the leaf as the standard currency everyone has become incredibly rich. But it does take several deciduous forests to purchase one ship's peanut. However Number One is embarking on a plan of deforestation to improve the value of the leaf in your pocket.

chrisr5 - 2013-06-02 21:56:00
2041

#2028 - Gammoner I wondered if that might be the case. If I ever do a trade with you, I might ask that favour!!

chrisr5 - 2013-06-02 22:00:00
2042
lester36 wrote:

Hi Tim
I don't know where you are looking but both Gold and Silver are falling nearly every day.

True, though they've been on a slight uptick the last few days, and I should have said that I was thinking in more historical terms. Despite the rather meteoric rise of both silver and gold in the last decade, they have still not touched their inflation-adjusted highs of 1979-80. I still flip through my 1979 and 1981 Yeoman Red Books sometimes to see the cautionary tale there. I don't have the 1980 book, but in either 80 or 81 they published the first bullion price guide that shows the value of coins over a range of possible bullion prices, and added "Values of gold coins have been based on a bullion price of $650 per Troy ounce, and may vary with the prevailing spot price" in the gold coin section.

lester36 wrote:

They of-course will come back, but not for awhile I would think, Not with the USA printing paper money at the rate they are.

True enough. I'll refrain from making specific predictions, but, yes, just a(nother) good shake-up to the financial markets would also be enough to see another good surge upwards. While I'm not hugely bullish on metals, there's always the additional risk of a flood of speculators, in which case hold onto your seats. And wallets. And don't be greedy.

echoriath - 2013-06-02 22:37:00
2043

Superopa: By contrast my post at 2042, the 1914-D Bison Nickel has gone from a book value in G-4 in 1981 of U$19.50 to U$90 in 2012. G-4 is about as bad as a coin can be and still be worth anything.

echoriath - 2013-06-02 22:46:00
2044
chrisr5 wrote:

One of the best discourses on economics IMHO comes from Douglas Adams.....

Absolute legend.

echoriath - 2013-06-02 22:47:00
2045
gammoner wrote:

I will say just the 6 years, but what was the very rare 1898 SA coin and its most recent sale price?

Again at a guess, the "Sammy Marks" gold tickey - no idea of recent sales but would be interested in knowing :-)

translateltd - 2013-06-03 09:01:00
2046
translateltd wrote:

Again at a guess, the "Sammy Marks" gold tickey - no idea of recent sales but would be interested in knowing :-)


The 1898 single 9 stamped pond . $4 million .
http://www.southcapecoins.co.za/news/the-1898-single-9-pond-
south-africas-rarest-gold-coin/

gammoner - 2013-06-03 10:28:00
2047

Interesting - thanks for the link. I like the reference to the "M monogram" on one of the story pages - on lesser coins it would be called "graffiti"!

translateltd - 2013-06-03 11:06:00
2048

This message was deleted.

donaldo - 2013-06-03 11:32:00
2049

This message was deleted.

val182 - 2013-06-03 20:36:00
2050
val182 wrote:

I don't have coins but today I was given the task of finding the best way to get the most for some $1.00 notes. Ten are in mint condition and the numbers run in sequence. There are three others and one $2.00 note. They are New Zealand currency. Are they of any value? Should I take them to a dealer? They are for our church Op Shop funds so I want the most I can get.

How are you at taking photos? My opinion is that your best bet is to take good photos (use the macro setting on your camera, which is usually indicated by a small flower icon), give a good description including words like "sequential" and "numerical order". Set a reserve you'd be happy with and see how you go. List the other notes as a second group and have them close shortly before the sequential group.

It's worth listing any dates on them and the names of anyone whose signature is on them, e.g., Don Brash or whoever.

Good luck,
Tim

Edited by echoriath at 10:00 pm, Mon 3 Jun

echoriath - 2013-06-03 21:48:00
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