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 Saturday, February 02, 2008
Saturday in Berlin
Posted by tom
Friends Stop by the Booth & COTY Delights
Saturday brought different business to the World Money Fair in Berlin. Although industry meetings for mint officials and production suppliers continued behind closed meeting room doors, the tone on the bourse floor switched gears to welcome a broader array of public interest in our shared hobby. People were working their way around the mint displays, gathering promotional materials, filling coin boards and purchasing new collector issues direct from the mints. I saw more families in attendance as well as some more serious collectors and dealers walking the bourse floor. Several contributors to the Standard Catalog of World Coins stopped by our Krause Publications booth to visit and many admirers of our catalog came by to offer comments, compliments and support. I was pleased to have the opportunity to meet face to face with so many of our European contributors, with whom I had only corresponded in the past. In the afternoon we held the World Coin News sponsored Coin of the Year Awards ceremony (click here to view a photo gallery of the event). Many of the mint directors, marketing managers and mint crews attended the ceremonies and later Dave Harper noted to me that this was the first time he could recall that every mint to win an award was there to accept in person. I myself noticed that several mints that had not won awards were also in attendance to honor their counterparts from other mints. The Latvian delegation had a television camera taping, the Italian numismatic magazine, Cronaca Numismatica, came to record the event for their next issue, the World Money Fair brought in a photographer and most all of the mints had digital cameras clicking away throughout the event. Compliments were flowing throughout the hall after conclusion of the ceremonies and I was pleased to see U.S. Mint Director Edmund C. Moy shaking hands with a member of the Hungarian Mint, presumably congratulating him on the prized win of the first ever COTY Peoples Choice Award. After closing down the COTY event, it was back to the bourse for a few hours, where I had the opportunity to meet with several mint representatives and a few retailers and wholesalers of coins and books before the show shut down for the night. Perhaps Sunday will allow me a bit of breathing room, so that I can visit with some of the coin dealers and Central Banks.
News You Can Use
2/2/2008 8:33:16 AM (Eastern Standard Time, UTC-05:00)
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World Money Fair: Media Forum
Posted by tom
 Friday was the first day open to the public here at the World Money Fair in Berlin and a huge number of collectors and vest pocket dealers packed the lobby at the entrance to the show. At opening it seemed like an ocean flowing in and within minutes all the coin dealer areas of the show were packed full and tables were two or three people deep waiting to look at coins for sale. Before too long visitors to the show were filtering into the vast central floor of the show, where all the Mints in attendance had booths set up with great displays of their newest offering for 2008. At the same time, back up near the entrance to the show in large room, 16 world mints were offering video/audio presentations of their new issues and programs for 2008 and beyond. I sat with well over 200 other professionals and journalists and watched these colorful and sophisticated displays at the annual Media Forum, a feat pulled together by show organizer Albert Beck. You can see photos from the event here,here and here. To secure the attendance of this many mints and central banks at a coin show is no small bit of work, but Beck seems to accomplish these great things with ease. His presence is both friendly and firm during the nearly five hours on continual mint presentations. This factor of mint attendance is what sets Berlin apart. In the days before the show opened to the public I wandered the bourse floor, watching workers setting up the elaborate booth displays for the various world mints and coin dealers. It was like nothing I had ever seen before, in the many U.S. based shows I have visited over the years. These folks were building a little city, with saws and drills buzzing, special lighting, huge banners and for the mint of P.R. China, even a miniature walled courtyard. The Austrian Mint used their symbol to construct a funnel into their display area, at the forefront of which stood a rotating plaster of their first one ounce silver bullion coin. This is the first European silver bullion coin and displays the very popular Philharmonic design they have used on their attractive gold bullion series fro nearly 10 years now. I did not have a chance to buy one yesterday and am hoping that they might still have a few left for sale today. Many more of the 2008 coins presented for the first time at the Media Forum for the Mints were also offered for sale for the first time down on the bourse floor. Special sets and individual items with special packaging commemorating the Berlin show were of course very popular. When I have a chance to post again, possibly tonight, I will try to relate my view of the Media Forum. In short, for now I can tell you that it was one of the best events I have ever attended in my 20-year career with Krause Publications and the Standard catalog of World Coins.
News You Can Use
2/2/2008 4:51:55 AM (Eastern Standard Time, UTC-05:00)
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 Friday, February 01, 2008
Berlin Observations
Posted by tom
 After only three days in Berlin, I am prepared to make three comparative observations about simple differences between Berlin and Chicago. First, if you are looking for cash in Berlin, don’t expect to find an ATM machine on every corner like you would in Chicago. You may look for blocks and blocks and never find one in Berlin, and many neighborhood restaurants, as our intrepid little band of four discovered, do not accept credit or debit cards. Second, don’t expect to have soda machines on every corner, or to have bottled water available at every turn in Berlin, like you would find in Chicago. Ready and quick access to liquid refreshment in Berlin requires a stop at the restaurant or local bar for a tall glass of Berliner Pilsner. In Chicago you will notice that every other person seen walking the street or riding the elevated is carrying a water bottle, in Berlin I saw very few. Third, while in Berlin you can count on a fabulous Taxi upgrade. Here, unlike in Chicago, you will ride in the luxury of the Mercedes Benz. While not much roomier than a Ford, The Mercedes is certainly much better appointed. Tom's Inescapable Truths
2/1/2008 4:50:29 AM (Eastern Standard Time, UTC-05:00)
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Berlin, Day Two
Posted by tom
Berlin Mint Tour - Outstanding!
Day two in Berlin brought an extraordinary tour of the Berlin Mint, courtesy of Michael Wieneke, of the Ministry of Finance. We met first with Gerd-Wolfgang Radusch of Mint Quality Management, who escorted us to the office of Mint Director Dr. Andreas Schikora. We had a wonderful chat and were able to do some filming with Dr. Schikora for a later internet broadcast.
Afterwards, Mr. Radusch took us on an all access tour of the mint. We were able to see all working areas of the mint from die cutting to coin striking, from quality control to packaging. I had the time of my life and was able to take pictures and ask questions to my hearts delight. I even overheard one of my co-workers discussing my enthusiasm with Radusch. His response was positive, so I don’t think I wore out my welcome. A slide show presentation of some of our photos from our tour can be viewed on NumisMaster, so please stop over and take a look.
The Berlin Mint is housed in a building which used to be a glass factory and the light airy feeling posed a stark contrast to other mints that fellow visitor Dave Harper and I had toured in the past. This open appearance aids the mint on keeping security high, there really is no unseen spot within the building.
We were able to talk with many mint personnel, all of whom were very pleasant in answering our questions and explaining their functions at the mint. In the die cutting area we learned quite a bit about modern computer use in transferring data from plaster cast to automated die cutting equipment. We watched die polishers and engravers do the finest of detail work, saw proof coins being struck and observed the quality control staff in action. But the most fun for me was touring through the main floor where the circulation coins are struck. Those machines are so high precision, so very fast and efficient. We caught coins coming out of the ejectors and they were quite warm, which makes sense, though I had never before given it a moments thought.
After a stop in the rolling and packaging area and the mechanics work room, Radusch was kind enough to bring us through some collection displays, including displays of coins struck at the old DDR Berlin Mint. Some interesting things turned up in those cases, which I’ll cover at a later time, as the bourse is closing for the night.
News You Can Use
2/1/2008 4:46:55 AM (Eastern Standard Time, UTC-05:00)
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Friday Fix
Posted by tom
Friday Fix
London pm fixes for 2-1-08 Gold $914.75 Silver $17.19 Platinum $1755.00 Palladium $410.50
Friday Fix
2/1/2008 4:31:17 AM (Eastern Standard Time, UTC-05:00)
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 Thursday, January 31, 2008
Canadian Embassy reception kicks off Berlin trip
Posted by tom
 It’s a lovely morning in Berlin, Germany, as I sit with fellow blogger, Dave Harper, in the atrium breakfast area of the Estrel Hotel. Our traveling group of four, including NumisMaster operatives, Lisa Bellavin and Scott Tappa, arrived in Berlin yesterday and spent the day getting acquainted with the facilities and getting our jet lagged heads back into shape. A good night’s sleep has helped and we are ready to go this morning. The Krause Publications crew pose for a shot at the Canadian Embassy for a reception thrown by the Royal Canadian Mint in celebration of its 100th anniversary. From left: Dave Harper, Tom Michael, Lisa Bellavin and Scott Tappa.The Estrel Convention Center was a buzz with construction activity yesterday, with workers sawing sheets and constructing displays for the 16 Mints which are set to attend the show. We stopped by our regular booth and found things well under way, but dealer set-up does not begin until later this afternoon. Yesterday we spent a lovely evening at the Canadian Embassy at a reception for the Royal Canadian Mint. There were about 100 attendees and we had the pleasure of speaking with several mint directors and marketing directors from around the world. I also found it a refreshing treat to visit with some of the technical businesses who provide service to the mints in their drive to bring us better coinage. Today we have been invited to visit the Berlin Mint facility, so I best get moving and get some breakfast to fuel the day’s activities. Check in tomorrow and each day this week for more updates from the World Money Fair.
KP Update
1/31/2008 11:01:10 AM (Eastern Standard Time, UTC-05:00)
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 Monday, January 28, 2008
World Money Fair in Berlin
Posted by tom
Berlin Hosts World Money Fair
If the wild Wisconsin weather cooperates, tomorrow morning I'll be leaving on my way to the World Money Fair in Berlin, Germany. The WMF is one of the worlds largest coinshows in terms of Mint represenation.
There will be 16 world mints attending this years WMF, including the official guest of honor, the Mint of the Peoples Republic of China, and each will be presenting some aspects of their scheduled 2008 coinage programs at a media forum during Friday, the first day of the show.
On Saturday, my little band of travels will be presenting the Coin of the Year Awards, a program that Krause Publications has been holding annually for the last 25 years.
This year COTY also added a live interent voting program for a People's Choice Award, the results of which will be announced in Berlin. Online voting turned out to be very popular and there was a high degree of competition between countries, presumably supported by their clubs and national organizations.
KP Update
1/28/2008 4:20:29 PM (Eastern Standard Time, UTC-05:00)
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Gold & Platinum at Record Highs!
Posted by tom
Gold & Platinum Setting New Records
It's been a rollicking day in the precious metals market. From morning through afternoon, right up until this posting Gold, Platinum and Silver have been driving into unexplored territory. Gold has hit a new record high just above $926 and Platinum is riding near $1725, with Silver at $16.66 as of this posting.
Palladium also has run up a bit to about $385, though this pales in comparison to it's tremendous highs from just a few years ago.
The continued depression of the dollar, coupled with recent concerns over possible Gold shortages due to mining power outages, seems to be at the root of the present run.
News You Can Use
1/28/2008 3:29:21 PM (Eastern Standard Time, UTC-05:00)
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 Friday, January 25, 2008
Friday Fix
Posted by tom
Friday Fix
London pm fixes for 1-25-08
Gold $918.25
Silver $16.53
Platinum $1681.00
Palladium $380.50
Friday Fix
1/25/2008 10:25:35 AM (Eastern Standard Time, UTC-05:00)
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Metals Got A Rocket in Their Pocket!
Posted by tom
Explosive Morning For Precious Metals
All four of the precious metals we numismatists follow regularly are exploding with investor demand this morning. Buying is skyrocketing on concern over possible shortages of gold, anticipation of tough economic times on the horizon and a desire to secure a solid inflation hedge with a position in the currently ultrapopular commodity.
New record highs
were established this morning for Gold at $919 and Platinum near $1690. Silver and Palladium are not far behind, with spot prices riding at nearly $16.50 and $380 respectively, at the time of this posting.
News You Can Use
1/25/2008 10:16:52 AM (Eastern Standard Time, UTC-05:00)
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I Now Pronounce You Chuck & Larry
Posted by tom
Tom's Recommended Film of the Week
I Now Pronounce You Chuck & Larry
I Watch a lot of movies. If a new release looks interesting I'll watch it eventually. Sometimes I don't expect much, sometimes I'm anticipating too much. That colors my post viewing opinion of a film. For instance, when I watched Stuck on You, I thought it would be pretty bad, so when it was really well done I was most impressed. On the other hand I was anxiously anticipating a good film when I watched Smokin' Aces, so my dissappointment mas multiplyed by a factor of my anticipation when the film fell flat.
This weeks film, I Now Pronounce You Chuck & Larry, was one of those films I didn't expect too much from. I like Adam Sandler very much in most of his films, and being an Everybody Loves Raymond fan, I think Kevin James has been wonderful on his TV stints on that show and his own show, The King of Queens. They created my interest in this film, but I expected the writing to take the low road and go for the cheap laughs without offering any higher elements. Never-the-less it seemed worth a try.
Lucky for me the writing team included Alexander Payne, who wrote and directed two of my favorite edgy humor films, Election and Sideways. Payne was an excellent choice to create a film with heart and outstanding humor. So I Now Pronounce You Chuck & Larry was a pleasant surpirse, with compassion and plenty of big laughs to keep any viewer interested and entertained.
Tom's Recommended Film of the Week
1/25/2008 9:34:35 AM (Eastern Standard Time, UTC-05:00)
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 Thursday, January 24, 2008
Gold Above $910
Posted by tom
Gold Rises Further in Afternoon Trading
Gold drove above $910 in this afternoons trading, marking a new high, While Platinum broken the $1600 mark and silver rose to nearly $16.40 as of this posting.
Speculation that the Fed will again slice interest rates next Tuesday seems to be a central concern in the present investor driven push. Fund managers may be looking at the broader indicators evident in some overseas markets. Either way, the attitude that gold will reach $1000 is prevalent.
News You Can Use
1/24/2008 3:35:59 PM (Eastern Standard Time, UTC-05:00)
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