Free Updates
Navigation
Categories
| December, 2008 (4) |
| November, 2008 (17) |
| October, 2008 (18) |
| September, 2008 (18) |
| August, 2008 (23) |
| July, 2008 (15) |
| June, 2008 (26) |
| May, 2008 (32) |
| April, 2008 (27) |
| March, 2008 (17) |
| February, 2008 (18) |
| January, 2008 (41) |
| December, 2007 (13) |
| November, 2007 (32) |
| October, 2007 (20) |
| September, 2007 (20) |
| August, 2007 (20) |
| July, 2007 (17) |
| June, 2007 (21) |
| May, 2007 (24) |
| April, 2007 (5) |
Search
Archives
More Links
|
 Monday, January 14, 2008
Stack Paper Currency With Coins
Posted by tom
Coin Vignette Collection Thrills
One smaller catalog on my pile of January NYINC satellite sales presents the Lawrence R. Stack Collection of numismatic images on american paper currencies. This is a great catalog for just perusing through. It is almost certain that any numismatist will find something of personal interest in this sale and I would venture to guess that most will also want to add this auction catalog to their library for future reference. The introduction by Stephen Goldsmith is wonderful and includes blow-ups of select vignettes.
This sale includes just about any piece of paper money which displays an image of a coin and there examples from almost every state and territory, plus Canada. Many areas of paper money and financial document collecting are represented, including; Colonial, Obsolete, Scrip, private issue, Bank issue, Municipal issue, chits, advertising notes, saterical notes, Federal Currency, National Gold Bank Notes, bonds, plus some printing plates, die proofs and rollers. Most of the vignettes represent either United States or Spanish coinage, which would have been in circulation at the time.
My personal favorite is an advertising chit from Chicago listed as lot 4451. Printed in green on thin cardboard, this two sided piece is good for one dime plant at Pool's Dime Garden at 97 Oakley Street. Looks like you had to spend a dollar in order to redeem your dime, but still a good deal. This is the only example of this chit I have ever seen and it represents a very nice piece of Chicago ephemera.
Auction Lot of the Week
1/14/2008 6:30:44 PM (Eastern Standard Time, UTC-05:00)
|
|
Rare Gold at Stack's Kroisos Sale
Posted by tom
Great Gold Rarities in Kroisos Collection
What better timing could Stack's ask for in the launching of their January 14th Kroisos Collection auction? Spot gold hit an all time high just a few hours before this massive collection of premium gold coins began crossing the block.
But aside from creating additional media interest, spot may have little influence on many of the Kroisos coins, as they are way above much of any relation to bullion.
Key groups in this sale include; a fantastic run of Russian historical medals mostly struck in gold, a great run of imperial Russian silver coins, plus two sacrce copper plate money pieces of Catherine I, some great seige pieces and patterns are scattered throughout this sale, including a unique gold siege Ducat from the 1572 siege of Haarlem and the unique Leipzig siege 2 Ducats of 1547 and the unique Magdeburg siege 2 Ducats of 1551, an outstanding selection of Italian gold coinage, a great run of British gold and silver coins, classic German States gold coins galore, some very scarce French gold coins such as the 1555 Henri II piefort struck to the weight of an 8 Henri d'Or, scarce Austrain and Austrain States gold coins, a rare Albanian presentation set from 1927, a good selection of Swiss cabnton gold pieces, another grouping of steel engraved plates and cylinders from the American Bank Note Company archives, several groups of orders and decorations, many rare Latin American gold coins and a treasure trove of individual pieces from various countries around the world.
Coins of special interest to me included lot 2967, the wonderful Ormonde Pistole from the Great Rebellion. One of only two in private hands, the other example sold at Whyte's Millennial Collection sale in April 2000 for about $135,650 and resold through Spinks in 2006 for about $118,600. Stack's conservatively estimates this example slightly below those figures and I will be anxious to see it's closing figure.
Also of great interest to me is lot 3524 the 1870 gold pattern 1 Doblon of Uruguay. It's unique struck in gold and I do not have a modern price reference for our catalog, as this piece has not surfaced since the 1940's. On a personal note I will also be looking to see what lot 3511, the cut and countermarked 4 Pesos Fuertes of Paraguay sells for, as I was lucky enough to examine this coin some number of years ago through the kindness of a good friend in numismatics.
Auction Lot of the Week
1/14/2008 1:53:26 PM (Eastern Standard Time, UTC-05:00)
|
|
Gold Holding Above $900
Posted by tom
Gold Holds a New Benchmark
Three hours after breaking the $900 mark and rising to $914, gold is holding it's own. At the time of this posting it's riding steady at $908. Keep an eye on The Bullion Desk for further developements throughout the day.
Talk of $1000
is again heating up, though most are expecting this figure to be a peak from which gold will drop. Forecasts from many analysts are predicting an average figure for gold during 2008 between $750 and $825. Gold Bugs are thinking much higher. Larger firms are showing gradual floors rising steadily for gold over the next three years.
News You Can Use
1/14/2008 11:49:53 AM (Eastern Standard Time, UTC-05:00)
|
|
Gold Breaks $900 an Ounce!
Posted by tom
Gold in Uncharted Territory Above $900
The bull market for gold kicked off this morning by running up to a new all time record high of just above $914 before settling in to $910 as I write this posting. Keep an eye on The Bullion Desk for changes to gold and other precious metals, or stop back here for updates.
Expectations of a further reduction in prime interest rates in futile Fed atempts to stem off a recession which has already begun are at the heart of investors buying. The free falling dollar is both a result of Fed announcements and another reason for investors to secure the stablilizing effect of gold on any mixed portfolio.
News You Can Use
1/14/2008 8:00:22 AM (Eastern Standard Time, UTC-05:00)
|
|
 Sunday, January 13, 2008
Ancient Greek Coinage st Stack's
Posted by tom
Fabulous Reference Catalog for Ancient Greece
In addition to being a great opportunity to spend copious amounts of money on rare and artistic Ancient Greek coinage, the Lawrence R. Stack Collection sale set for January 14th is also a choice catalog to retain in your ancient coin reference library. Fully color illustrated with large spot glossy images, this catalog offers both solid attribution and interesting historical background for every coin offered. Held in conjunction with The Kroisos Collection of world coins this pair of auctions will bring a blast of much needed new material to the coin market.
Even if you do not collect Ancient Greek, you might want to pick up the Lawrence Stack catalog to further your familiarity with the artistry and beauty of classical Greek coinage. If you do collect these coins, there will be opportunites to expand your collection within this sale, so check it out quickly at the Stack's website today. Tomorrow we will write a posting for the Kroisos sale, but don't wait for our review, you can view lots for this sale at the Stack's site also.
Groups which caught my attention in this sale included a great run of coins from Carthage whose use of Horses in thier designs is lovely and a long run of animal themed Sicilian Didrachm and Tetradrachm.
Individual coins of high significance included lots 2034 and 2035, both Staters of Sybaris, Lucania from 453-448 B.C. and each formerly unpublished and unique. I was also taken aback by the magnificents of lot 2132, a Syracuse gold Dekadrachm in fabulous shape, of wonderful design and only the second known specimen, as well as the highly desireable and extremely rare gold Stater of Ptolemy I struck at Kyrene and designed to identify Ptolemy with the empire of Alexander the Great. The use of elephants on the reverse design is stunning on this Egyptian rarity.
Auction Lot of the Week
1/13/2008 11:27:24 AM (Eastern Standard Time, UTC-05:00)
|
|
 Friday, January 11, 2008
Munich
Posted by tom
Tom's Recommended Film of the Week
Munich
I had borrowed Munich from my son several months ago, but given it's length of 2 hours 44 minutes, it was hard to find time to fit it into a day. The subject matter is what interested me, as the 1972 Olympic tragedy was an event I remember, but the aftermath I know very little about.
From a historical perspective the Black September abduction and murder of Israeli athletes is something we all heard about on the news, but the aftermath in the form of Israeli response was covert and kept from the public eye for many years. Munich, in part, was based on a book by George Jonas published in 1984, Vengeance: The True Story of an Israeli Counter-Terrorist Team, which puported to uncover this covert operation, but Steven Spielberg went further in researching and developing a story designed to touch deeper into all our thoughts and bring up themes very peritent to our world some 35 years later.
Spielberg offers a meaningful introduction to Munich on the DVD I watched and I would recommend seeing this before viewing the film. But even without his comments any viewer will be able to taste the conflict within the charcaters central to this film. The acting is superb, particularly from Eric Bana, Daniel Craig, Geoffrey Rush and Ciaran Hinds. The story is tense, heartfelt and meaningful. It's a thinking persons film and well worth the extended time frame.
Tom's Recommended Film of the Week
1/11/2008 5:42:46 PM (Eastern Standard Time, UTC-05:00)
|
|
Heritage Presents Paper Money at FUN
Posted by tom
Heritage Currency Auction set for FUN
One more catalog just arrived on my desk via friend Joel Edler. This is the Heritage Currency Auction for FUN set to close over the period from January 10 to January 12. I'm a little late at alerting you to the goodies offered here, as the first day of the sale is over already, but the Friday and Saturday evening sessions are still open for bidding, so here goes.
Session Three of this sale, which begins on Friday evening, offers up what Heritgae is calling the Peter Gamble Collection. This is a group of some really rare U.S. notes in excellent conditions. The hightlight of this group, from my point of view would be the outstanding run of Gold Certificates and my favorite note in this group is the 1905 $20.
Session Four of the sale brings bidders a large selection of Nationals with large and small size notes represented from most every state and in most every state of preservation to accommodate a variety of pocketbooks. Over 1350 lots are available for collectors to choose from and while high grade Nationl Bank Notes are in great demand, there are many lower grade notes from scarce towns that may present good opportunites for careful buyers who attend this sale.
One example which caught my eye was lot 14714 a Covina, CA $20 1902 Plain Back. The lot description mentions Charley Colver, longtime California Nationals collector, Krause Publications representative, former mayor of Covina and friend for several years before his passing. Charley was a great guy and an excellent collector of Nationals and this note was issued from Charley's home town. While not in the highest state of preservation, it is still a very scarce issuer and should command some attention when it crosses the block.
The earlier sessions of this sale included a great selection of enclased postage stamps, all illustrated in full color with enlargments for easy viewing. There was also a large run of high grade Fractional Currency. You can check out the listings, images and resulting prices realized on the Heritage Auction achives.
Auction Lot of the Week
1/11/2008 12:36:02 PM (Eastern Standard Time, UTC-05:00)
|
|
Friday Fix
Posted by tom
Friday Fix
London pm fixes for 1-11-08
Gold $891.00
Silver $16.06
Platinum $1564.00
Palladium $375.00
Friday Fix
1/11/2008 11:13:12 AM (Eastern Standard Time, UTC-05:00)
|
|
Precious Metals & other Commodities
Posted by tom
What to Look For in 2008
Some more cautions and practical financial analysts are begining to shift their position in gold to the short term. I think their perspective is focused on the fact that thier prior projections have been met. Their expectations for both the US dollar and Gold have now occured and the markets are branching out into unexplored terrirtory, so reducing a long term position and shifting to short term holdings is the safe thing to do.
Others are still very bullish, considering rising demand and short falls in supply, but I am always skeptical of pie in the sky. Give me something I am sure of and I'll go, but present circumstances do not offer any assurances for me.
It might be time for investors to look towards other commodities for long term saftey. Most investors know that it is wise to spread your concerns over a wide area for best stability. Perhaps agricultural commodities are worth consideration?
But of course, we are numismatists and our fascination remains in metal discs, so we'll keep watching gold and silver and buy some of the coins we can afford, just for the fun of collecting.
News You Can Use
1/11/2008 9:37:02 AM (Eastern Standard Time, UTC-05:00)
|
|
 Thursday, January 10, 2008
Gold Breaks $895
Posted by tom
Gold Aims for $900
In this afternoons trading Gold broke through $895 and remains strong, just slightly below that level as of this posting. This is all new territory for the most popular of precious metals, but investors are exibiting exceptional confidence in gold as a cautionary infaltion hedge.
If conditions remain the same, you can expect to see record breaking $900 an ounce gold today or tomorrow. If gold holds well at this benchmark, the bull may keep running.
Activity at FUN and NYINC must be crazy! Check in with Dave Harper at Buzz and George Cuhaj at Current Currency for updates from these two pace setting shows over the new few days.
News You Can Use
1/10/2008 5:35:34 PM (Eastern Standard Time, UTC-05:00)
|
|
La Galerie Numismatique at Waldorf Astoria
Posted by tom
La Galerie Numismatique Offers Variety
Next on my pile of auction catalogs is one that friend and fellow blogger, George Cuhaj passed to me a few weeks back. It's a sale from La Galerie Numismatique, a Swiss firm from Lausanne that specializes in coins, medals, banknotes and military orders, all of which are represented in this auction which is set to close Sunday January 13th.
La Galerie Numismatique has begun a tradition of holding auctions in conjunction with the NYINC and their sales are a refreshing alteration from the norm in terms of variety of selection. Auction XI brings to the show a grand array of Russian coins including another Family 1 1/2 Rouble piece, a good run of ancient coinage, a huge selection of medals and nearly half of the catalog is devoted to orders and medals - military decorations and others.
There is so much to look at in this sale, I found it difficult to pinpoint special items, though a few things did stand out as more unusual. Under the listings for Romania they have grouped Moldavia, Transylvania, Romania Kingdom, and Romania Republic issues. It' a wonderful compilation which offers some aluminum splashes, a pattern proof set of 1914 as well as several other attractive patterns, a very rare 1608 Rudolf klippe Taler, several medallic gold issues of Carol II and a great run of four Moldavian coins from the 1400's.
In the Medals section I noticed many fascinating pieces sporting themes ranging from Agriculture to Automobiles, Geology to Horse racing, National Defense to Military Schools, Royalty to Science and Ships to Street dedications. One that caught my eye was lot 542, a gilt bronze medal from 1906 for the Israelite Society for Charity. It mentions Bucuresti and seems to honor the 50 Anniversary of the reign of Carol I.
Auction Lot of the Week
1/10/2008 9:35:54 AM (Eastern Standard Time, UTC-05:00)
|
|
Days of Gold and Oil
Posted by tom
Gold Rush Indicators Positive
Gold assended to new heights yesterday topping out at $891.30, before profit taking drove the precious metal back to about $870 as of this posting. That drive has given gold it's all time record high, as well as establishing a new benchmark to crack and a new baseline to tow.
Long range predictions are all over the place, but the ones I trust the most indicate that gold may average about $825 through 2008 with peaks that may touch the grand $1000 mark. That's all new ground for the worlds most attractive commodity. The other side of this prediction would be that the dollar will be rebounding somewhat during 2008, with most of it's strength gained in the fall of the year. I am sure politics plays a roll in this thinking and since the basis of this gold boom is, in large part ephemeral, it would seem logical.
Yes, it is true that heavy key factors are in place for a gold rush; crude oil is rising, the dollar is dropping. Still, most U.S. economic measures are not so bad. Unemployment figures have just begun to rise, the housing market has been stalled for about a year, but most other concerns are just that, concerns. For this moment in time, we are all only anticipating based on the dropping dollar, stagnant construction and real estate and our own personal experience, which tells us to be afraid of what is coming.
Don't get me wrong, I'm not discounting all that. I'm just reminding everyone that, when gold ran this route in 1980 it was pushed by real double digit inflation, not just fears of inflation. Being safe is a good idea, but being realistic is more practical.
News You Can Use
1/10/2008 8:03:36 AM (Eastern Standard Time, UTC-05:00)
|
|
|