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LawrenceChard

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About LawrenceChard

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  1. We have bought in a few Douro sovereigns, including at least one which had been marketed by The Royal Mint. If this link works, there are some photos of Douro sovereigns, a CD, and a bottle of port: https://www.flickr.com/search/?user_id=68432253%40N04&sort=date-taken-desc&text=douro&view_all=1
  2. That may be simplified, but not over-simplified. It is a good, clear exposition and example. I think I detected one slight error, though, 10% margin on the new £10 spot is £1, not £1.50, so you end up with 1 Britannia and £1.00 cash.
  3. The Coinworld article is informative, I think I remember reading it before, The NGC page also makes sense, mainly. So, shipwreck sovereigns are likely to be unharmed by their immersion in salt water, and most will have remained in the conditon they were when their ship sank. At the time, we did not participate in any of the Douro auctions, but not for any particular reason, and we were busy in any case. Whenever there is a big coin hoard, or wreck recovery, there is always plenty of publicity, and a degree of hype. There are effects on both supply and demand. Suddenly there is a greater than normal supply on the market, but also greater interest stimulated by the publicity. The increased supply can depress prices, whereas the increased interest can increase them. For the collector who is nore interested in acquiring something "new", it might not matter if he pays a premium price. For others, ther might be the opportunity to grab a few bargains. The "Douro", or other wreck / hoard provenance will usually remain with the coins, which can never be a bad thing. My view, when wearing my dealer's hat, is to buy and value the coin on its own merits, rather than because it is from a particular source. When it comes to selling, I might just be tempted to allow the provenance to add some value, though!
  4. Auction lot numbers and receipts have always been good evidence of provenance, particularly if the lot was illustrated. Also helpful if you have a copy of the catalogue. In recent years online auction records and archives have made this easier.
  5. The name Gold & Silver Bureau rang a bell, and with a negative connotation. A quick Google search turned up: https://www.mirror.co.uk/opinion/money-opinion/p-s-investigates/a-right-coinman-533667 from August 2002. I can remember seeing John Coppin's adverts in Exchange and Mart way back in the 1960s, and at that time assumed he was a straight dealer. It seems that some time later, he got greedy or desperate, possibly both. He expanded and set up at least one high profile business, Gold & Silver Bureau being one of them, employing a large staff of telesales people. His businesses failed and defaulted more than once, owing customers large amounts of money. G&SB was based in Ilford, Essex. Coppin lived in Chigwell, Essex. When he and his companies finally left the scene, a number of his previous employees set up similar but smaller businesses, in and around the Essex area. I seem to remember some of them using prestigious sounding London postal addresses. Although we have dealt with at least one of these some years ago, none of them appeared to have had much numismatic knowledge or interest, their main skills appeared to be in salemanship. None of them ever impressed me as having great integrity. I can't give any meaningful opinion on their certificate.
  6. Thanks for the shout out, but it should go to our staff. We closed our showroom to the public last week, before the government order, and out of a full team of about 18, we have just 3 or 4 in the office, picking, packing, and shipping orders, receiving deliveries. Five are working from home multi-tasking around childcare. Some staff have been starting work at 6 a.m.; others answering e-mails until 10.30 p.m. We managed to provide all or most home-workers with a notebook PC and a company mobile. Installed a new IP based telephone system. We did fail to answer over 90% of the 300 per hour incoming telephone calls late last week though. Must try harder! We provided all our staff with high quality masks. I am still appalled that most supermarkets and other nationwide shops have failed to provide masks for their staff, and as for NHS staff not having PPE before now, it is incomprehensible. W.H.O. issued a major epidemic alert as early as 31st January. Our leaders have no reasonable excuse. (End of rant). We also added more software and back-office system upgrades last week than in a normal month.
  7. Yet another Peter Rabbit https://www.flickr.com/photos/lawrence_chard/49717557142/in/photostream/
  8. Here is a rough, quick, photo of my nearest Krause: It might well be the case that other dates were restruck- and indeed, we'll never know- unless like you say, detailed records are shared. But then this raises the point where do the mintage figures come from- that we all rely on as collectors? Not just in the case of the Centenario, but broadening this question out to all coinage from all Mints... From Mint records, and the work of some historical / numismatic scholars and researchers. Some modern catalogues have collected data from many mints, and other sources. If you went back much before 1960, you would discover that most of this information was not readily available. Thank all the modern cataloguers of the last century for collating so much information. Without any doubt, some mints are better at publishing or releasing information than others. The British Royal Mint has taken in recent years to refusing to disclose mintae figures for bullion coins. True, like you say, we might never reach firm conclusions but for me, as a collector it does matter- the question remains- IF certain coins, such as the Centenario or another coin which was Restruck in the millions - the French 20 Francs Rooster (1907 through 1914 widely accepted as the dates that were restruck on top of the contemporary produced coins)- and there are questions surrounding IF other year date dies were used to Restrike the coin- then doesn't this throw into question why coin collectors pay/ dealers sell at premiums that are loaded onto certain year dates/ groups of year dates? Try to avoid giving too much importance to mintage figures. When I said "I don't think it matters much", I was speaking as a numismatist. I guess its buyer beware- or having the skill and judgement in terms of appraising the coin you intend to buy. Restrikes are often looked down upon or at least, considered to be worth much less premium than those produced contemporaneously. Some restrikes will be rarer, and possibly more expensive or valuable than the originals. This Wikipedia page is worth reading: https://en.wikipedia.org/wiki/Maria_Theresa_thaler If you get chance to look at any decent catalogue of Roman Coins, or British hammered coins, they may leave you in awe of the historical research which has been done by earlier scholars. We can all reap the benefit of this for a modest financial outlay. A timeless piece of advice might well be: "Before you buy a coin, buy a book about coins". Nowadays, there is much free information online, you just need to be careful which sites you rely on and trust.
  9. A quick reckoning: 40 1470 0.0272108844 that is €40 premium, divided by €1470 spot = about 2.7% premium. We always prefer and advise to use percentage premium, because it makes comparison quicker and easier, across different currencies, and different coins with different weights. today 2.7% is quite cheap, but not outstanding. A month ago, it would have probably looked expensive, premiums for physically available bullion have increased in the past fortnight. This probably explains why you are seing some Krugers at €1600 (about 9% premium), the vendors hope there are panic buyers out there who will pay any silly price. I looked at our current pricing on Krugers, although we don't have any in stock for immediate delivery: Quantity Premium % Price Per Item Total Est UK Delivery 1 3.1 £1,348.62 £1,348.62 £6.00 2 2.8 £1,344.70 £2,689.40 £7.00 5 2.75 £1,344.04 £6,720.20 £10.00 10 2.7 £1,343.39 £13,433.90 £14.00 25 2.65 £1,342.73 £33,568.25 £33.00 50 2.6 £1,342.08 £67,104.00 £70.60 100 2.55 £1,341.43 £134,143.00 £115.60 500+ 2.5 £1,340.77 £670,385.00 £487.20 We have slightly better prices for "one ounce gold secondary market our choice" About a month ago, before it all kicked off, we had Krugers from 1.0% to about 1.9% premium depending on quantity, and from 0.9% on "one ounce gold secondary market our choice". We do this, or similar, when we judge that we have surplus stock, or if we think spot price is on the high side. We do make an extra charge for picking dates, but that is more for the service than anything else.
  10. About 90 minutes of physio every morning, since breaking a femur in 2016. It was up to 3 or 4 hours until I manage to eliminate the limp. Now I have added in some ankle raises to regain venous return from my left leg (by-pass grafts are done by harvesting a person's great saphenous vein, or GSV). I also cycle. For upper body work, I can recommend using kilo silver bars for bicep curls, although kilo gold bars are better for smaller hands! A mountain guide in Engelberg asked me a few year ago what I did in summer to keep fit. I told her "aerobic sex, three times a day" I was hoping she would ask me for proof!
  11. Don Bailey does not state that 1947 was the only date restruck, so Whitman does not negate the Krause comment. I still think that it is highly likely that some other dates were restruck, even if this was simply a case of using up redundant dies, which is common practice with most mints each new year. Most mintage figures are (or were) the number of coins produced in the year, not the number of coins bearing that date. It is unlikely that we will ever know, unless the Mexican Mint kept detailed records and are prepared to share them. Crucially, though, I don't think it matters much. We could debate the probabilities, but we could never reach any firm conclusion. I don't have any criticism of your description of the coin for sale. My original posting here was to clarify the distinction between "restrike", and the frequent euphemistic uses of the word (often on ebay).
  12. Don't you start! We have been having discussions about this for some time now. My view is that it means exactly what it sounds like. "Mint" would mean “in mint condition” (but don't forget that can be highly variable), so "minty" should logically mean something slightly different. It implies a degree of approximation, which might vary depending on context, so a roll of Edward VII "minty" sovereigns might not be quite as good as a roll of George V or Elizabeth II. As it happens, I think all our 1932 10 guilders would easily qualify for an MS grade on the Sheldon scale, rather than AU. On that note, "MS" stands for "Mint State", and MS grades go from MS60 to MS70. AU, standing for "Almost Uncirculated", goes from AU50 to AU59. My colleague, Ian, thinks "minty" is too inexact to use, but I disagree, and consider that its very inexactitude makes it a perfect word, and very concise. A few years ago, a well-known Yorkshire dealer offered me some "minty" sovereigns, and I believe that the two of us had a perfect understanding of what that meant, which is great communication. Having cited one anecdote, more years ago, a well-respected Italian dealer offered us a quantity of older sovereigns which he described as "F.D.C.", when they arrived, they ranged from good VF to about EF, but certainly not F.D.C., which has a very exact meaning, so this was poor communication from him. (We still trade together). To replace the word "minty", we would have to say something like "quite close to mint condition, give or take, and allowing for age, etc." BTW, the Royal Mint have registered "Minty" as a trade mark, but they have no objection to us using the word when describing coins.
  13. I did not create this as a new topic, as it's not relevant to TSF, or important enough to warrant its own topic, but it followed from a previous discussion, where I said: "...and, no, I was not at Sheffield auctions. I must change my avatar, watch this space!" For anyone interested, I had just had a quadruple cardiac by-pass, and despite appearances, was feeling happy and lucky to have emerged into the proverbial light at the end of the tunnel. I could change my avatar to a crop from this photo, which was taken less than a year afterwards: ... but I don't know which is scarier!
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