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Everything posted by Kookaburracollector
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"It is better to remain silent and be thought a fool, than to open your mouth and remove all doubt?" Abraham Lincoln Tom Sawyer - it’s easier for me to fool you, than convince you that you have been fooled Boy the red wine and gin is kicking in this evening….nice to see so many folk having some fun!
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You mopping up these from the week-handed flippers, IMHO is a very wise move indeed….a fool and ther money are easily parted! Do people not look at the bigger market? When I watched a 70 grade 2oz silver sell at Heritage this week for $3100, I thought folk would realise…but they haven’t…yet! Even after taking into account auction fees, that’s over £2000 in hand for the seller…yet people are parting with them for £400! I was tempted to buy a few myself off eBay at 4am in the morning (after the Heritage sale), but the ones on offer had ‘issues’ from what I could see…milk spots already! I hope the ones you have bought get 69 or 70 grades, if you decide to go that route…your entrepreneurship deserves to be well rewarded👍. And as for Alderney…why have cotton when you can have silk!
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..and thanks to @AndrewSL76 (I think!), your last ‘like’ for my post has made me a ‘Veteran’ on TSF..not sure I like the sound of that!😂. So whose guessing a price for the two GC’s being auctioned at Heritage….My feeble attempt at understanding the secondary market is:- 2oz Silver - $1000 on the hammer (so about £880 GBP 2 oz Gold (Milled edge) - $15,000 (£13,200) (Assuming 20% BP, and 1.36 exchange rate)! We will soon find out….anyone else going to take a punt!.
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Having read the article, it suggests the robbery could have taken place outside the coin fair. At 2-45pm a lot of dealers will also be leaving then. Rather than being a well planned and targeted attack, I think the person robbed (I know not who) was just in the wrong place at the wrong time. Having looked at the inventory of coins stolen, I don’t think this person was targeted specifically..there were far more expensive hauls to be had. Thoughts are with whoever it was…
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Hi @Dougall1 I sent a few Peruvian Una Libras over to NGC for grading last year, and they had to create new entries for them (year dates not previously recorded) All went ahead no problem, so hopefully the same for you. You could always email them to let them know what’s coming..they respond very quickly.
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Probably the worst condition coins I have ever seen offered for sale, per the advice above….not worth scrap value IMHO.
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Welcome…I lived in the potteries for three great years!
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Celebrating 100 Years of our BBC
Kookaburracollector replied to GoldDiggerDave's topic in General Precious Metals
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I hope so, I had to promise the postie a£10 Christmas tip if he got it here first thing! 🎄🌲🎅🍻🍺
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Thanks for asking..but I managed to pick up that little rooster a good while ago. I’m now on the lookout for rare Peruvian Una Libras, Guatemalan 10/20 Quetzales and nice Albanian 1926/27 Skanderbegus if you have any😀😀!
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@beacon Hi, as to the liquidity of these coins in the US, I can’t really say, and I’m not about to go guessing. In the Uk, I would say I am in a small minority of people who appreciate South American (especially Peruvian) gold coins. As such, they would be tricky to resell at much of a premium above spot. My avenue of escape would be an international auction house, where the high grade coins do fetch good, and improving prices..even allowing for auction fees. The above has been good news for me, as I have managed to hoover-up a large collection of Peruvian gold over the last two years, with very little bidding opposition..although that is slowly changing. That said, the Una Libra collection I have collected is for long-term, and I would part with my far less interesting coins before those, and boy do I have a lot of them😂!