Zhorro reacted to TheGoldSovereign in Today I Received.....
1939 Proof Victoria Shield - PR62 (en medaille) - It is believed that the coins stuck in medal alignment match the Una and lion and therefore are from the coronation set.
This coin is undergraded in my opinion, I've got another PR62 that is nowhere near as nice as this, and seen other that are verging on "manky" and still got a PR62. It was obviously graded some time ago due to the old label
Zhorro reacted to CoinStruck in Today I Received.....
Not received today but a few buys from over the last few weeks.
A Perth Mint sovereign dated 1899, so the first year they were producing sovereigns as a branch mint. A pick up from a coin fair about a week ago.
Next a 1925 South African sovereign from @arshimo2012 bought a while back but only just arrived in Australia. At the same time received this lovely 1887 Sydney Mint sovereign, again bought this one from @arshimo2012
A nice 1906 Sydney half sovereign bought from Australian eBay.
Finally a 1901 Melbourne sovereign bought from Australian eBay for spot.
And for some reason my wife thinks my sovereign buying is getting out of control?
Zhorro reacted to MikeW in Today I Received.....
I have repatriated this 15th century treasure back to the UK from a superb US seller. The photos don’t do it any justice, its absolutely stunning and I’m very pleased!
For those interested, it is an Edward IV Gold Ryal or also called Rose Noble only minted between 1464 and 1470 and the year in that period identifiable by the mint mark in the legend, which on mine is a little difficult to ID but its a Long Cross Fitchée, if in any doubt (see the close up) there were no other crosses used in the period they were minted. This mark puts it as minted between 1469-1470, making it even rarer, only just before Henry VI was restored to the throne. On edwards second reign the mint started producing Angles which are entirely different design. The coin was minted in London, identifiable as no letter in the waves beneath the rose / kings vessel.
7.61grams of gold and approximately 35mm in diameter.
Side note: The coin was also imitated on the continent in the mint of Gorinchem for around 100yrs after this date (and also thought during Edwards exile in Belgium), these are often referred to as a “Flemish Ryal”. Identifiable if put alongside each an original, one difference being the continental copy is often slightly larger in diameter.
NB, if anyone is wondering what the lump of dirty metal is in some of the photos, its an original brass coin weight for the Ryal that I was able to pick up from someone that had found it in the Thames mud. It was only a few pounds but I though makes a nice collection.
hope you like as much as me 😁
Zhorro reacted to 5huggy in Gold Monitoring Thread £ GBP only
If Gold (and less so but still similar - silver) are as are regularly purported to be - - a "PET ROCK" , a waste of time, An archaic form of "MONEY"!
THEN "WHY the FE rK does every central bank in the WORLD - - hold "Tons and Tons" (surely its -according to themselves - WORTH NOWT)
AND THEY are known to be buying it up as tho its going out of fashion!
Zhorro reacted to 5huggy in Gold Monitoring Thread £ GBP only
@sixgun i'm pretty sure you will like this!
BERT WERT DUZ AYE NO!
Who smashed gold yesterday afternoon? Let's 'round up the usual suspects'
Dear Friend of GATA and Gold:
Somebody seems to have dumped a lot of gold derivatives on the market this afternoon, and Zero Hedge estimates it at $3 billion worth and attributes it to the Bank for International Settlements:
There may not yet be any public evidence tying this particular attack to the BIS, but whoever did it plainly meant to drive the price down rather than to take profits on a long position, since you don't take profits by driving the price down all at once but by selling gradually enough not to crash the price.
And the BIS can't help being one of "the usual suspects" given its many acknowledged interventions throughout history.
For example, in 2005 William R. White, the director of the BIS monetary and economic department, told a BIS conference in Basel, Switzerland, that a primary purpose of international central bank cooperation is "the provision of international credits and joint efforts to influence asset prices (especially gold and foreign exchange) in circumstances where this might be thought useful":
The BIS actually advertises to potential central bank members that its services include secret interventions in the gold market. Here's a PowerPoint presentation the bank made to prospective central bank members at BIS headquarters in June 2008:
Indeed, according to its 2013 annual report, the BIS functions largely as a gold banking and gold market intervention service for its member central banks. On Page 110 of that report the BIS says: "The bank transacts foreign exchange and gold on behalf of its customers, thereby providing access to a large liquidity base in the context of, for example, regular rebalancing of reserve portfolios or major changes in reserve currency allocations. The foreign exchange services of the bank encompass spot transactions in major currencies and Special Drawing Rights (SDR) as well as swaps, outright forwards, options, and dual currency deposits (DCDs). In addition, the bank provides gold services such as buying and selling, sight accounts, fixed-term deposits, earmarked accounts, upgrading and refining, and location exchanges." See:
Secret gold market interventions by the BIS have been going on for a long time. A long article in Harper's magazine in 1983, based on a seemingly unprecedented interview with BIS officials, disclosed that the BIS was constantly intervening in the gold market in secret:
GATA consultant Robert Lambourne, probably the only student of the BIS outside central banking itself, documents the bank's monthly interventions in the gold market by interpreting the footnotes in the bank's monthly report. Lambourne's most recent dispatch, analyzing the bank's monthly report issued January 31, disclosed that the bank's interventions in the gold market had reached their highest point in nearly a year:
Three years ago GATA asked the BIS to explain its interventions in the gold market -- their underlying objectives and their real parties in interest. Of course the bank refused to account for itself:
But the BIS doesn't necessarily rig markets for its own advantage. Rather it acts for its members, which include most central banks, to which the BIS gives cover for market interventions.
It would be nice if mainstream financial news organizations made even a nominal effort to preserve their professional dignity by asking the BIS to account for and explain its interventions and by reporting that the bank won't explain.
But maybe such journalism is no longer necessary. For can there by anyone who follows the gold market who doesn't know by now where the out-of-the-blue smashdowns in the monetary metals come from?
And can anyone who follows the gold market not have noticed that these smashdowns have been losing effect since last June?
Really, if people who follow the gold market can't figure out the purpose and general origin of today's attack and can't understand that an attack this brazen signifies profound weakness and possibly depletion of the real metal central banks are prepared to lose to defend their currencies against the once and future international reserve currency -- well, any such people should apply for jobs at the Financial Times or Kitco.com.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Zhorro reacted to goldking in With High gold prices is anything worth buying?
If the price of gold drops back down to £1000 I'll eat every one of my gold sovereigns, record it and post the video here.
People have been waiting for gold to drop back/under a grand since May last year and all of them are sat there empty-handed still waiting for the day instead of looking at a £300 gain. They'll probably still be sat there waiting this time next year, and the year after that.
Zhorro reacted to TheGoldSovereign in Can we please address this RM Queue Scam?
So I really just wanted to put this out there for all the non-techs that don't understand how these things work, and point out that what the Mint is doing is at best a severe form of negligence and worst a breach of the Unfair Trading Regulations 2008 or likely many other regulations that didn't come up on google
How many users do we think log in to buy a single coin at release, are we all really dumb enough to think it's millions? Personally I'm under the impression it may be approx. 10-20,000 on a good day. How many people buy Ed Sheeran concert tickets at release? We are talking about millions of people clambering for them. What does the RM not have that the ticket tout websites do? There is nothing, they all use a similar stack of frontend, webserver, APIs, database The RM can't process 10,000 requests at once and others can process a million+? 😆🤣 First come first serve ordering is not as simple as basic data delivery which can reach a virtually unlimited number of requests a second when scaled, but this is nowhere near a big enough level for them to need special queuing systems that don't even work, this is part of the scam in my opinion.
There is a severely incompetent team of developers running the website or it is an outright scam conjured by the higher level management to increase the price of items through fear of missing out. Creating false scarcity I believe is a criminal offence now, likely covered under these unfair trading regulations. We all know that they also sell 50%+ straight into trade for those so called "partners" to make guaranteed profit. There is also a VAT avoidance setup going on over there with these larger dealers.
Don't be duped.
Zhorro reacted to richatthecroft in Today I Received.....
Received these Silver & Gold Libertads and two very nice display boxes from @PolarPanda today- with thanks for the speedy delivery and bomb proof packaging.
The 97 & 98 key date Silver 1oz Libertads leaves me tantalisingly close to the 1982 through 2019 Bu date run- just the 2007 to source.
The 2017 Bu Gold Libertads, leave me very close to sourcing almost one of everything the Banco de México produced in 2017- just 3 more items to find. The 2017 1/4 Oz Bu is one of a tiny 500 mintage.
I’ll have to be on the lookout for more boxes 🙄
Zhorro reacted to StackerCollector in Today I Received.....
Got this 5 ounce beauty this week - mintage 1.000. It'll go to @Numistacker for grading, hopefully a PF70 and then it goes to my retirement stack. Bought from @richatthecroft (tkx for letting me use your pics/ my cellphone camera is getting a bit old and I rather buy more coins than a new phone haha) In case anybody has one these gorgeous russian 5 oz'ers and you want to sell pls let me know. Always interested in getting my hands on more rarities.