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silversword

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  1. Thanks
    silversword got a reaction from SilverPanFan in If you could only stack one coin   
    If it were only one type of coin I think I might give up on them and stack bars instead.
     
    But if it has to be coins, it would be gold sovereigns.
  2. Like
    silversword got a reaction from mrbritish1976 in Brown Bess?   
    The lack of availability correlates neatly with lack of education about guns. People need to understand responsible gun use and handling.
    I find shooting to be immensely satisfying and guns themselves to be fascinating pieces of technology. Most people enjoy shooting once they give it a try, however there are just too many downright idiotic and/or nasty people in the world for mass ownership to be sensible. I hope we never have such lax gun control as in the US, there is very little reason for certain weapons to be available to anyone outside of the military/law enforcement. 
  3. Like
    silversword reacted to silversky in Are white people an endangered species?   
    I've spent half of my adult life working in other people's' countries.  I never felt that I needed any special treatment as a white immigrant minority.  I was equal under the law and any natural bias that existed against me was the price I paid for choosing to work abroad.  I chose those positions and my employers chose me on a merit basis.  I was working for money by selling my services and the deal suited both myself and my employer with both of us knowing it would ultimately be a long term temporary arrangement.  When I was no longer of any use to them I had to leave because surprise surprise, many other countries don't give rights to citizenship.  Should I complain about racism or discrimination?  Should I cry about the unfairness of it all?  Heck no!  I was employed in someone else's country.
    In the UK we seem to have lost our minds over the idea that we owe the entire world an equal shake of the dice right here at home with us.  We don't.  We as a society are responsible for only this little patch of the globe.  We should be proud to cherish our own culture and way of life without feeling guilty for it.  Contrary to the last two or three decades of hand wringing there really is nothing wrong with being fond of our home and it's people.  Regardless of colour or heritage, those who have joined us, embraced our culture and our way of life really are very welcome here.  It's a lie that there is any "systemic" racism against minorities.  The reverse is demonstrably true with the BBC's official hiring policies.  As a well travelled individual I can honestly say that the rest of the world sees the self hatred and guilt in the west as utterly pathetic.  My Thai girlfriend was completely bemused by the luxury of our insanity.  Her suggestions revolved around dealing with the self haters in a predictably severe manner.  The rest of the world really isn't crippled with all of this self doubt and hatred.  It's certainly an interesting time to be alive.
  4. Like
    silversword reacted to sixgun in Are white people an endangered species?   
    People aren't equal. There can be no equality when people aren't equal. There can be equality under the law and equality of opportunity but that is as far as it should go. Positive discrimination for one is negative discrimination for another. How is it fair for one to be denied a job or a place in college in favour of another, not b/c of merit but b/c they are a particular gender or ethnicity? It isn't fair or moral. It's sexist and racist.
    There have been many studies on IQ throughout the world which have shown significant average differences between ethnic groups.
    https://iq-research.info/en/page/average-iq-by-country
    In the US for example there is discrimination against those of East Asian (Oriental) ethnicity in college places. The Chinese/Japanese have higher scores in IQ tests, averaging about 105, so they get better average scores in the admission criteria. Europeans (Whites) average scores are around 100. US Blacks score around 10 -15 points lower. This hotly disputed and many reasons and excuses are given. The reality that people and groups are biologically different defeats Leftist philosophy.
    Leftists maintain everyone is the same when clearly they aren't. They enforce affirmative action to favour certain ethnicity whilst denying race.  They show favour to compensate for inherently poorer performance whilst at the same time claim equality. 
  5. Haha
    silversword reacted to Thelonerangershorse in Bank Vaults   
    This is the 21st century, the question isn't whether you're paranoid, it's whether you're paranoid enough.
  6. Like
    silversword reacted to KDave in Herd Anticipation   
    Good post I enjoyed reading. 
    It is my opinion that Taxes are theft - money taken without permission using the threat of force. It's not an attitude it is more akin to a logical definition in my opinion. Moral arguments of where the money goes next are questionable under that context. Necessity is a better starting point, what does society actually need - this has sadly been lost among the noise of virtue signalling that has near bankrupted this nation and has transformed a great deal of attitudes, mostly that the government should look after you whether you contribute or not (especially if you don't contribute). 
    The UK is one of the most tax heavy nations on earth. Look at the problems we have and consider that the solution is perhaps to do away with the things taxes are spent on and perhaps that taxes should be cut? An unpopular idea among the herd. 
    I agree with you that pms are undervalued and are one of the few assets that are left in that state. I don't think that silver is a monetary metal, but it's a mute point. It has investor demand near to industrial demand, but unlike gold it is not used as money today as gold is on the sovereign level, nor is it used at local level. It has a great case for investment without this though. 
    Given sentiment around silver, it's safe to assume you are not following the herd 
  7. Like
    silversword got a reaction from Mariner1961 in Bitcoin (and other crypto currencies)   
    The excitement about Bitcoins, Dogecoins, litecoins, etc. Maybe I'm old, maybe I'm a luddite, but I really do not understand them. Ok, I do understand some of it on a technical level; it's all very clever, and maybe in future the technology will be useful for financial transactions, but what I dont understand is why people seem to think it is money.

    When people talk about money, 'government issued fiat currency' is practically a dirty word in some circles, especially amongst gold/silver investors. Yet to me, Bitcoins are pretty similar, except of course they dont have the advantage of being legal tender: They come from nothing, are backed by nothing physical, and their usefulness is defined entirely by confidence. Mostly it seems this is confidence that the cryptocurrency of choice can be converted into dollars or similar. I'm sure a lot of early adopters and savvy folk have made money, but that doesn't stop it being any less of a ponzi scheme than any other currency.

    So what have I missed, why are cryptocurrencies so fantastic and being treated as investments or even a means of saving? What makes them money (or not). Share your bitcoin tales.
  8. Like
    silversword got a reaction from digitalcoinstore in Heroes of Silver: Chinese Panda   
    Part five in the series takes a trip to the mystic east (no, not Norwich...), as we examine the Panda, minted by the People's Bank of China for over 30 years. It's a favourite amongst numismatists and is definitely in the realm of premium coins. Technically it's a bullion coin yes, but it is also so much more.
     

    2013 coin, with the 600-year-old Temple of Heaven obverse, and Panda-themed reverse. Denominated 10 Yuan.
    The Chinese script "中华人民共和国 " on the obverse simply reads "People's Republic of China"
     
     
    Just what makes a coin collectible? A long history? A unique or interesting design, maybe one that changes? Limited availability? A few variations and specials thrown in for good measure? Well the Panda can tick all of these boxes, as is evident from even a brief look at it's heritage.
     
    Following the gold Panda in 1982, The first 3 issues of the silver Panda from 1983 onwards were proof only, limited to 10,000 coins per year, and were struck in coin grade (.900) silver. These early issues set the precedent of using a different design on the reverse for each year, although they have a distinctly less detailed finish than later issues, and weigh in at a mere 27 grams. In 1986 the mint took a break from producing the (almost) 1oz coins, presumably to tool up for 1987's issue, this time in sterling (.925) silver, albeit still containing slightly less than a full troy ounce of precious metal. It's reported that 31,000 coins were minted that year, more Pandas than had previously existed! Time for another break then, lads? 
     
    Another year off, and more changes for the 1989 issue: Following the introduction of the Mexican Libertad and American Eagle, 1oz pure .999 was fast becoming the standard for silver coins, and the new Panda followed suit, growing to 40mm in diameter, a size it has retained to this day. This also marked the introduction of the first non-proof coins, with a mintage of 250,000 bullion/un-circulated to accompany 25,000 proofs.
     
    Although it is not always easy to find out mintages for subsequent years, (especially for proofs), from 1989 onwards Panda production has continued without interruption. Numbers increased, even though overall production remained limited. Nearly 20 years after it's introduction, Panda bullion mintage reached 500,000 units for the first time in 2001 as production rose dramatically to meet overseas demand. Numbers remained similar for 2002 and whether coincidence or not, these are the only years which share the same design on the reverse. 
     
    Increased mintages went hand-in-hand with better quality finishing as production finally crept into the millions from 2010, no doubt related to China encouraging it's own citizens to buy more precious metals for investment. Recent issues (2012-onwards) have been capped at 8 million coins, allowing enough to meet demand but still retaining a degree of scarcity. 
     
    Numbers notwithstanding, there are still plenty of ways to get hold of a Panda: As well as the common 1oz/10 Yuan coins, there have been fractional 1/2oz and 1/4 oz versions, 5oz, 12oz  and 1kg coins as well. Commemorative Privy marks abound, in addition to "D" Privy marks for domestic market coins, plus gilded and colourised coins for those who like them. Not enough staggering variety? Well there are also occasional minting variations due to coins being produced at several locations with differing dies. The most well-known examples of this are the "small date"/"large date"  and 1995 "small twig"/"large twig" variations. Whilst the obverse has always featured the revered Temple of Heaven, this too has seen subtle changes; the original 1983 design was updated in 1992, then again in 2000 and 2001.
     
    Not surprisingly given the highly collectible nature of the coin, and the rich premiums it commands, the Panda is a coin that is often faked. With so many different coins - and even genuine coins not always being strictly identical - spotting a counterfeit can be difficult for the untrained eye. It's fair to say a Panda will enhance any collection, but it's equally fair to say that unless you are a specialist in these coins, only buy from a reputable dealer.
     
     
     
  9. Like
    silversword got a reaction from PureGold in What want silver spot need to be for you to sell?   
    I think I would want to work out the cost of my stack, adjust for inflation, and then see a decent profit before selling, however I would not necessarily sell at my desired price point if I have nothing to do with the cash afterwards. So, if silver did hit £30/oz that would be an excellent "consider it" point, but I'd only pull the trigger if something else is there to move the cash into or I desperately need/want money.
  10. Like
    silversword reacted to sovereignsteve in EU Referendum Latest Polls thread   
    It's head and heart. I have had a hunch for a while now that we are going to get a surprise and my hunches are nearly always right.
    However, I can't get over the feeling it may just be wishful thinking and the stupidity of the general populous and the conniving of the establishment wil deliver a remain vote.
  11. Like
    silversword reacted to HelpingHands in Windows 10   
    I dont agree with 'whats the problem if you have nothing to hide' as it feeds the constant chipping away of privacy.
    One day we may get to the point when we are told to have cameras in our front rooms..... but then if you have nothing to hide.
  12. Like
    silversword got a reaction from Numistacker in Why are Some Stackers Selling Silver Now ?   
    I dont think I have ever sold any physical silver, and certainly wouldn't while the price is so low, just as I wouldnt buy it if I thought it was getting expensive. I've done a couple of swaps but when I buy coins, I always get enough to allow for the odd swap. The only silver I have ever actually sold was after buying some allocated, I sold it to buy allocated gold instead.
     
    Now, I like to spread the risk a bit and whenever I buy some physical metal, I get some allocated too. 
  13. Like
    silversword got a reaction from rebelsilver in Generic vs (semi) Numis... again?   
    The whole "semi-numismatic" thing seems like a con to me: effectively saying that here's something only half-collectible, or to put it another way, it's collectible and worth more "because we (the seller) say so", rather than being of any particular historical or societal significance. It hasnt earned its value like an old coin, it's been designed to have one. "Collect these - it's painting-by-numbers for coin buffs".
    Things made to be collected. Good income stream for producers and whilst enough people buy into it, premiums are maintained so makes sense to buy some in the assumption one can sell them on to anyone else who still believes the coin to be more than a generic bullion round with a picture and a date on it. Wouldn't want to count on those premiums forever though.
     
  14. Like
    silversword got a reaction from BaldyBob in Generic vs (semi) Numis... again?   
    The whole "semi-numismatic" thing seems like a con to me: effectively saying that here's something only half-collectible, or to put it another way, it's collectible and worth more "because we (the seller) say so", rather than being of any particular historical or societal significance. It hasnt earned its value like an old coin, it's been designed to have one. "Collect these - it's painting-by-numbers for coin buffs".
    Things made to be collected. Good income stream for producers and whilst enough people buy into it, premiums are maintained so makes sense to buy some in the assumption one can sell them on to anyone else who still believes the coin to be more than a generic bullion round with a picture and a date on it. Wouldn't want to count on those premiums forever though.
     
  15. Like
    silversword reacted to lightjaw in Generic vs (semi) Numis... again?   
    Tired of coins, I prefer poured bars. I honestly couldn't give a monkeys chuff about the price difference/likelihood of increasing in price. 
    I am a collector I suppose and after collecting for 3 plus years I have decided I prefer bars. You can hold them, fondle them and it makes no real difference to the price compared to a "reverse proof upside down hairy lynx coin from Botswana with a face value of 19.5 chickens and a mintage of only 1 million. Until we change our minds and decide to mint more because we can".
    I will still buy the odd coin that calls to me, but on the whole it feels like a bit of a con.
  16. Like
    silversword got a reaction from calandlew1 in Heroes of Silver: The Kookaburra   
    Part 6 in the series, and now that the mere bullion is out of the way, it's time to get classy. Oh no, wait, we're off to Australia. Just kidding of course; the Perth mint certainly don't muck about when it comes to producing top quality silver coins and arguably the most famous is their long-running Kookaburra series.


    2014 Kookaburra - designer unknown. Note the P Mintmark on the reverse.

    Despite once being a subsidiary of Britain's Royal Mint, the Perth Mint has been fully independent to produce investment bullion since 1987 and could teach it's elderly relative (and others) a thing or two about producing coins. You'll not see too many milk spots or production damage like scratches on these little beauties. Each "kook" features crisp proof-like frosting contrasting with mirror-finished detail, and comes in it's own flush-fitting capsule as well. So, they're nicely made and well presented, but that isn't what has made it such a special collectible.

    Since it's introduction in 1990 this coin has featured a new reverse design every single year. Many other coins claim to have changing designs but have sometimes re-used a previous one. Not so the Kookaburra. although no individual artist is credited with the ever-changing sculptures, each year's design is totally unique, showing the distinctive Australian bird either in flight or in it's natural habitat. The obverse has only seen one major change, with the original Raphael Maklouf portait of Queen Elizabeth II replaced by Ian Rank-Broadley's updated and familiar design in 1999.

    Production has been especially limited, with maximum mintages (for the 1oz coin) of 300,000 each year, until a generous increase to 500,000 in 2010 which will likely continue for the foreseeable future. This is still dwarfed by the mintages on other popular bullion issues: Half a million Kookaburras still pales in comparison to 40m US Eagles. One year that became slightly easier to get hold of was 1992. The initial production had been some 100,000 coins short of the stated limit, and so (based on dealer demand) it was decided to re-mint up to the 300,000 maximum, which predictably caused quite a controversy amongst collectors worried about their precious premiums. Allegedly such re-minting happened for other years as well, but never exceeding the overall mintage limits, which are quite strict as it is.

    In addition to the relative scarcity, the other aspect that makes these coins sought after is the ability to create interesting sets: the coins come in a range of sizes in addition to the standard 1oz, (2oz, 5oz, 10oz and 1kg, minted according to demand) and shapes. Yes thats right, different shapes. Coins are generally round, but a limited number of Kooks in the shape of a map of Australia were produced in 2012 as part of the very rare (and imaginatively named) "Australian Map Shaped Coin" range which has featured a different animal each year.

    Then there are various finishes (either proof, high-relief, colourised or gilded) and a spread of years in which a limited number carried privy marks for special commemorations - in fact Perth Mint's first privy-marked coin was a 2oz proof Kookaburra. Collecting every single variation and size would be a challenge to test even the most ardent collector and the stoutest of wallets. If you think you're up to it, just try getting hold of the limited edition 2009 20th anniversary set with it's distinctive "P20" mintmark for starters.

    So, apart from the contentious re-minting issue (which at least gives a few more people the chance to own a Kook), this is a truly classic coin series, one that dares to walk the line between bullion and numismatic and arguably succeeds. If £/oz is all you care about, you are catered for elsewhere frankly - this is not for you. But for those who want something a little bit special, something you can enjoy and admire, you could do a lot worse than pick up a Kook next time you are shopping.


     
  17. Like
    silversword reacted to Cointreau in Royal Mint tells banks to stop cashing in special 'face value' coins   
    And here I am, the Royal Mint troll. I feel somewhat vindicated and justified in my loathing for these charlatans.
    I wouldn't go anywhere near these face value coins. I'm going to send them another hate filled email.
    Join me in boycotting the Royal Mint.
  18. Like
    silversword reacted to sovereignsteve in 2016 Chinese Panda Packaging   
    Just because it's old is no reason to jetison it. And why 30g? nothing decimal about that. Choosing 30g is lazy and accepting the troy ounce standard as it's as close as you can get and be a "nice round number". And don't forget; the troy oz is the unit in which the price of PMs is quoted, so it makes it easy to know the intrinsic value of a 1 oz coin. If you're going to change it, make 10g or 100g or even 1kg the basic unit and have multiples and fractions of that.
    If everyone adopts 30g and the troy oz disappears from the PM world because it's old and pointless, what is everyone going to say in the future? Why the hell do we have 30g coins, what's the point of that?
    I agree about the box packaging but that's no reason to buy a coin or coins.
     
     
  19. Like
    silversword reacted to FriedrichVonHayek in HMRC Advice   
    I phoned them this morning and they wanted me confirm I wasn't a business seller which I told them I was not.
    The woman from the HMRC told me to be mindful of the tax implications when selling online.
    I have now cancelled my ebay and paypal account as it really isn't worth the hassle of eBay and paypal fees and now the HMRC scrutinising your online transactions.
    I would suggest that anyone selling online should think twice about selling over the internet.
    I have had a pretty sleepless night!
  20. Like
    silversword reacted to garthy in Ramsdens - Investment Advice   
    That's a good point, i don't want to turn this into an EU thread but for the life of me I can't see why our only option as far as the EU goes is just a straight in or out, why can't we just go back to how things were? Have control over our borders and laws but still have free trade within the EU, surely that'd be the sensible way to go. 
  21. Like
    silversword reacted to Paul in UK gun licence   
    "Knives machetes. a garden rake (yes I know ) waved at me, I've also had a pistol held to my head."
    My, my, .........so that is what Shamati has been up to off the forum
  22. Like
    silversword reacted to Clens92 in The first ever UK £50 coin for £50   
    It's legal tender to pay any outstanding debt - it's always going to be worth £50, minimum.  Can't lose on it, unless you're one of the "the world is ending and my silver stack will save me types"
  23. Like
    silversword got a reaction from barney in Fractional gold....coins or bars??   
    Anything smaller than a 10g "bar" looks pathetic in my opinion. Buying from a dealer, the 10g bars are affordable and there is a fair amount of variety if all you want is sheer weight of gold. 20g or 1oz bars are far more satisfying but you'd start to notice the hole in the pocket as you buy the larger weights. If there was a variety of 1/4oz bars, I'd happily buy some if they are cheaper than the same weight in coins.
    I find a sovereign fits nicely into the gap between a 5g and 10g bar, and will cost no more than going out for a (very) nice meal, so I'm happy to pick one up now and then. I have no interest in collecting gold coins so I'm happy to buy cheap whatever shape it comes in.
  24. Like
    silversword reacted to HighlandTiger in Referendum Question - Wording Change   
    I find it very strange (and pathetic) that both labour and lib dem peers voted down the working tax credit proposal, that would in essence force businesses to pay their workers more, which would come out of their profits, rather than the current system which forces workers to be paid less and taxed more in order to pay for the tax credits.
    Methinks this has absolutely nothing to do with the proposals, but more to do with (especially the Lib Dems), having a hissy fit about losing tons of seats in the recent General Election. Labour are currently unelectable, Lib Dems are so small they don't even get their two questions in PMQ's, the SNP are like flies around turds, (insignificant, but irritating), UKIP, will have nothing to fight for when we leave the EU in a few years, so the only ELECTABLE proposition is the Conservatives.
    Labour and Lib Dems can't do anything about the Government, so they are relying on an unelectable chamber of rich toffs and retired career polticians to do their bidding. Highly hypocritical considering that both parties have wanted to get rid of the House of Lords for years.
     
    For the record, I actually don't believe a word of the quoted figures of the amount of money people will lose on average through the tax credit cuts. The figure of £2k seems to be the average figure quoted. I work 30 hours a week for just over minimum wage and as such I get working tax credit. A tax credit of £15 a week or £780 a year. They could cut my tax credit completely and I'd still not lose £2k. Increasing my wage from the current £6.70 to £7.20 (new living wage which will rise to over £9 by the end of this parliament) and increasing my tax allowance makes more sense than taxing me more only to give it back to me after it has been recycled (at a cost) into a tax credit.
     
     
     
  25. Like
    silversword reacted to HelpingHands in Should Replicas be stopped on eBay ?   
    If anyone is daft enough to do that after they have given me their address they derserve what they get.