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Replies: 52 / Views: 4,128 |
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Pillar of the Community
 Belgium
2078 Posts |
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Moderator
 United States
23522 Posts |
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Pillar of the Community
 Belgium
2078 Posts |
quote: Originally posted by SuperDave
NNC. Feh.
Yes I know there are like 102 slabbers and only pcgs and ngc come close to what me and my friend thing the true grade should be
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Pillar of the Community
 Belgium
2078 Posts |
on an unrelated matter and never posted on the internet here is the monthly chart of gold in dollars A positive buy If anybody wants to move this chart please note I claim copyright under the copyright act for me and my friend seven Either leave it here or delete it That are the only legal options I offer after some of the fellow knights thougt it necessary to report I was insulting the forum owners Image: " target="_blank" rel="nofollow"> the_crying_game.jpg67.68 KB 
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Pillar of the Community
 Belgium
2078 Posts |
PS weekly and daily charts are available for people I have put on my white list  Ask and you will receive if you are on the white list 
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Rest in Peace
United States
2684 Posts |
quote: Originally posted by ageka
on an unrelated matter and never posted on the internet here is the monthly chart of gold in dollars A positive buy If anybody wants to move this chart please note I claim copyright under the copyright act for me and my friend seven Either leave it here or delete it That are the only legal options I offer after some of the fellow knights thougt it necessary to report I was insulting the forum owners
Ageka, a very interesting chart. It reinforces my observation that small investors have demonstrated a continued discontent with the national economy on this side of the puddle and are putting whatever funds they have left into something more substantial than some company's piece of paper stating they own a share of it.
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Rest in Peace
United States
2684 Posts |
quote: Originally posted by SuperDave
NNC. Feh.
I would state something stronger than this about NNC, but this is a family-oriented forum.  Suffice it to state that NNC would (and probably did) grade as MS a coin which had been run over by a locomotive. 
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Pillar of the Community
 Belgium
2078 Posts |
quote: Originally posted by Morgan Fred [br
Ageka, a very interesting chart. It reinforces my observation that small investors have demonstrated a continued discontent with the national economy on this side of the puddle and are putting whatever funds they have left into something more substantial than some company's piece of paper stating they own a share of it. [/quote] Fred Normally these bubbles in the making have three phases Phase 1 Only the experts see it In this case coincollectors , coindealers, goldbugs, the miners themselves etc Phase 2 Which may or may not have started is when Bondinvestors, savvy private share investors ,banks, pension funds, private pension investors, see it Phase 3 This is were it gets intresting The public gets aware and drives prices up vertically and the higher it goes the more it gets in the media the more it is bought Sofar since the downmovement stopped we had 9 , 9 , 12 , 12 , 18 months cycles ( all multiples of 3) We are in month seven , so if history repeats we could have an high at 9 months in january or 12 or 18 The graph at the bottom will go red and when it goes white again that cycle is finished
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Rest in Peace
United States
2684 Posts |
quote: Originally posted by ageka
Phase 3 This is were it gets intresting The public gets aware and drives prices up vertically and the higher it goes the more it gets in the media the more it is bought
Sofar since the downmovement stopped we had 9 , 9 , 12 , 12 , 18 months cycles ( all multiples of 3) We are in month seven , so if history repeats we could have an high at 9 months in january or 12 or 18 The graph at the bottom will go red and when it goes white again that cycle is finished
Ageka, does this apply only to gold bullion or to both bullion and gold coins in general?
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Pillar of the Community
 Belgium
2078 Posts |
Fred Stricktly speaking it applies to 12 kilo goldbars which are stored at the London Metal Exchange (24 pounds bars) But in practice for the moment it also applies to 1 kilo bars
But once the prices get bid up I expect a 10-15% extra on bullion coins ( 1.5% at the moment in Belgium for one ounce bullion coins )
And I expect the rarity margin on old gold coins to shoot up as well
If society is still affluent the rarity factor may be very large If society is no longer affluent margin may come down on very rare coins or dissapear comoletely like margin on old sovereigns post 1900 dissappeared in 1980 for ever ( it was 25-35%)
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Pillar of the Community
 Belgium
2078 Posts |
I asked this vendor for a better picture before bidding He told me he had no better picture and allready a good offer Turns out he had no good offer and lost at least 125 dollars due to the bad picture The coin went for 11% over melt and we will never know that our decision to rank it XF was right http://cgi.ebay.de/ws/eBayISAPI.dll...21&rd=1&rd=1
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Rest in Peace
United States
2684 Posts |
It never ceases to amaze me why sellers who list coins worth hundreds or thousands do not upload decent images. I've been following certain Morgans very closely for several weeks and perhaps 75% of the auctions have pictures so poor that no possible assessment can be made of the coin (yet they state, "You judge from the picture."  ). I generally skip right over them. I contacted one seller with a good reputation who was offering what seemed to be really nice coins with a good return policy, asked him if he could post images which weren't so bright, would better show the coin. He said it was the best he could do with his scanner. Under those circumstances, I just won't bid. Seems to me for the sale price of just one of his Morgans, he could buy a good camera and make up the cost in the sale of his next Morgan with a much higher realized price. He must be losing thousands each week.
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Pillar of the Community
 Belgium
2078 Posts |
This vendor attitude vis a vis pictures is incredible I once asked a big german vendor for a better pic and he replied his pics were more then adequate He uses small purple icons ( to the left of the text ) When I see one of those purple things I do not even open the post any more He can sell to allthat cannot grade and will take his word for it 
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Pillar of the Community
 Belgium
2078 Posts |
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Rest in Peace
United States
2684 Posts |
I kept changing my glasses and it still wouldn't focus. Too bad for the seller. Presuming the St. Gaudens is not a counterfeit, the seller got less than 25% of what the coin would be worth in its lowest grade. To quote a popular 1960s song, "When will they ever learn...".
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Replies: 52 / Views: 4,128 |