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oriole's Last 20 Posts
| The Value Of African Banknotes
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oriole
Pillar of the Community
Canada
4723 Posts |
 Posted 04/15/2023 06:16 am
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In my opinion the notes probably circulated for much longer, perhaps because poeple didn't use banks as much (so the old ones werent sent in as much) and perhaps because they wanted to save printing costs. Also, they were often used in tropical conditions.
When I was in Kenya many years ago, many of the banknotes were filthy dirty rags. |
| | Forum: World Paper Money and Banknotes |
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| Modern Commemoratives As Bullion?
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oriole
Pillar of the Community
Canada
4723 Posts |
Posted 04/12/2023 04:45 am
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| While modern commemoratives and other silver coins can sometimes be bought for spot, dealers will of course buy them back at a greater discount from spot as compared to modern bullion coins. The demand is simply not as great and they often end up being melted. So if you are planning to keep them for a long time, you end up with more silver or a greater variety of interesting silver coins, but if not, you may be a little worse off. |
| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
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| Physical Gold Drying Up
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oriole
Pillar of the Community
Canada
4723 Posts |
Posted 04/09/2023 7:48 pm
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My LCS sells most a lot of gold like sovereigns at spot or a small amount over. This of course does not apply to the modern 999 gold like Maples, because they have to pay more than bullion from their supplier. Mind you, they don't have a regular supply of the cheaper gold-it depends on what comes in from customers. Sometimes a lot, sometimes none.
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| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
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