Jump to content

lordmarcovan

Member
  • Posts

    380
  • Joined

  • Last visited

  • Days Won

    6

Posts posted by lordmarcovan

  1. Iran (Persia): gold toman of Fath-Ali Shah, AH 1233 (1817), Yazd mint
    Toman-frame.png
    Obverse: inscription in Persian calligraphy within beaded border.*
    Reverse: inscription in Persian calligraphy within beaded border.
    Issuer: Fath-Ali Shah QajarShah of Persia (1797-1834).
    Specifications: gold, 23 mm approx., 4.56 g. Type W. Dar al-Ibadah (Yazd) mint. 
    Grade: PCGS MS62; cert. #34401230.
    Reference: KM-753.13PCGS-446914Numista 119519.
    Provenance: ex-Najaf Chalabiani, DBA Najaf Coins & Collectibles, Vancouver, Canada, 20 October 2017. Purchased raw.
    Notes: Coins of this era of Qajar Dynasty Persia (modern day Iran) were still struck by the ancient hand-hammeredtechnique. By the latter half of the 19th century, more modern milled coinage was being produced. Because of Islamic traditions of aniconism, their coins do not bear images of sentient creatures like people or animals, rather favoring flowing calligraphic inscriptions and geometric designs instead. Yet somehow the coins are no less beautiful or interesting to look at despite their relative lack of pictorial imagery.
    Comments: I purchased this coin because it was struck in AH 1233 (1817), which was the birthyear of Baháʼu'lláh, the founder of the Baháʼí Faith. I was raised in the Baha'i religion, so while it was certainly a beautiful coin to add to my collection, it has even more personal significance to me in terms of family tradition and sentimental esteem. I was happy when it graded Mint State after submission to PCGS for certification.

    IMG_8392.jpeg

    • Like 2
    • Gasp 1
    • Heart Eyes 2
  2. 10 hours ago, Hrefn said:

    Having a “bullion pile” of varied types of foreign coinage has one disadvantage.  Odd assorted foreign coins with nonstandard weights and finesses are less liquid than Canadian Gold Maple Leafs (leaves?  Doesn’t seem appropriate for the plural designating the gold coins.) or American Gold Eagles.  However, the @lordmarcovan strategy has advantages as well.

    First, exactly because they are less liquid, nonstandard gold is less desirable to some potential buyers.  This means the person willing to acquire it can sometimes get the coin at spot, or close to it.  Even modern gold coins with relatively tiny mintages can fall into this category, selling for spot, or for no more of a premium over spot, than one would pay for a standard bullion coin struck in the millions.  

    Second, the variety of types available is enormous.  The resulting bullion pile is more of an accumulation than a curated collection, but that is okay because the primary purpose of the bullion pile is to accumulate bullion.  

    Third, over time a coin purchased as bullion has the potential to become a collectible coin.  The run of the mill common bullion coin will probably never appreciate any faster than the gold which comprises it.  But the nonstandard oddball coin may eventually command a price much higher than its scrap value, especially if unusually beautiful, historic, or rare.  The coins below were all purchased years ago at close to their bullion value.  The Russian coins, at least, have appreciated more than equivalent common bullion.  

    In short, I think selective purchase of unusual gold coins, if done at a price close to spot price, is a reasonable strategy.  You sacrifice a bit of liquidity, but gain the possibility of significant price appreciation.  Buying beautiful coins with low mintages at close to spot probably maximizes this chance.  

    Plus, it’s more fun.  

    image.jpeg.6a7acb33169ffd21f14be92f882a0364.jpeg

    image.jpeg.852e0ec8ea178421bcdb780c70e0dec5.jpeg

     

    I agree- it’s more fun to add nonstandard coins that weren’t originally minted as bullion issues- though admittedly I’d have been better off on this one if I’d bought it closer to spot.

    I’m into this one for $1,705.72 after fees.  And spot is only $1,620.19 as of this post.  Meaning I paid a premium of $85.53 over spot.  But I got a coin already NGC certified, with a mintage of only 23,000 pieces.  It’s the most common date for the type, but still a pretty small mintage compared to many modern bullion coins.

    And I note that the NGC (Krause) priceguide lists this coin for $2,050 in MS65… and mine is an MS66- with only 8 pieces graded higher.  

    (Not to mention it also has the sentimental value of being from my birthyear.)

    So for me at least, it made a little more sense than some other random piece of bullion.  Though it likely doesn’t have huge potential for an increase in numismatic value beyond its bullion content, I do think it’s got a little more potential there (again) than a basic bullion coin would.  

    I don’t mind that it’s slightly less liquid due to the nonstandard weight.

  3. Hm.  I’ve never been able to get that to work on CT with Shorts.  Won’t embed- I have to link to ‘em.  Never seen anyone else post one, either.

  4. 8 minutes ago, CPK said:

    That cameo is beautiful! 

    Supposedly, I'm also descended from William Bradford. Long-lost cousins, eh? 😉

    Nice to see you, ‘Cuz!  🙂

    (After this many generations, I reckon there are a lot of us.)

    Family lore had it that my maternal grandmother owned a silver candlestick that had belonged to William Bradford.  Given how well-to-do she was, and the quality of some of the other heirlooms, I reckon that’s semi-plausible, though I never saw the candlestick in question.  So maybe it was real and maybe it was mythical.

    While we’re at it, here’s another coin from my collection which depicts our common ancestor!

    IMG_8376.jpeg.831e0db4fabf95b08d61128b1587dddf.jpeg
    IMG_8377.jpeg.8e6fa22c5357f458c8f6bb5bb23adc4c.jpeg

    IMG_8378.jpeg.7d6f7dab6ca93b820b0186ee34d895e9.jpeg

     

    • Like 12
    • Smile 1
  5.  

    I bought this recently to add to my bullion stack (though I did pay a bit above spot for it). I thought it was nice for a modern design. It’s also a standard Deep Cameo proof on one side, and a reverse proof on the other. 

    Also, I’m supposedly a descendant of William Bradford, the Pilgrim governor, so the theme is fun. My maternal grandmother was a member of the Mayflower Society.


    Great Britain: 2020 gold 100-pounds, Mayflower 400th Anniversary commemorative, first day of issue

    Numista-296804.

    NGC PR69 UCAM, cert. #6039444-048.

    .9999 fine gold, 1.0 Troy ounce. 500 minted.

    Ex-Great Collections auction, item #1559868, 12 May 2024.


    IMG_8365.jpegIMG_8366.jpegIMG_8367.jpegIMG_8368.jpeg
    • Like 15
  6. 3 hours ago, David Atherton said:

    Thanks!

    I've been experimenting with the format, video versus shorts - with shorts you can be a bit more flexible with the choice of music and what not, videos are wide-screen. 

    If my experience with the CoinTalk site applies here as well, I gather that the forum software will not let you embed YouTube shorts in a post, due to their upright (portrait) orientation, whereas standard widescreen YouTube vids (landscape orientation) can be embedded.  Is that correct?  (Haven’t tried it here.)

  7. I bought (and submitted to NGC) a coin of this same date and type (see below) at the 2023 FUN show.  Like the coin below, it had some nice toning.  It came back “UNC details/cleaned”.  

    I was pleased about the “UNC” part, but not so much about the “cleaned” part.  (In my non-ancient coins, I’m pretty finicky and reject stuff with any problem notations that doesn’t “straight grade” at a TPG).  So I sold that coin, nice though it was.

    And subsequently ended up buying this AU55 example instead (also nicely toned- but straight-graded, no cleaning).  So I sacrificed a few grade points but got a problem-free coin.

    IMG_8304.jpeg.11e674b26f3014d5d2fcd2f7967ea163.jpeg

    IMG_8305.jpeg.1495b4d439b4272f2a8af0ff276b1f8b.jpeg

    IMG_8306.jpeg.d15bded7ac98ea34d05717518e3f5b95.jpeg
     

    Side note: I am from Brunswick (Georgia), which was named for the Hanoverian (Georgian) kings of England when it was settled in the 1700s.  Those same rulers of course originated in the German Brunswick (Braunschweig) lands.

    • Like 4
    • Popcorn 1
    • Heart Eyes 1
  8. Yeah, my Claudius sestertius got the star (first time I’ve ever seen a VF with it) but also got a “lt. smoothing” comment.  So be it.  I prefer not to have those comments, but sometimes I’ll accept them.

    My Justinian tremissis got a “wrinkled” comment for its very lightly wavy flan.  But I was so happy that it got an MS grade that I disregarded that.  (Quite unexpectedly, I might add- CNG had called it gVF!)

    IMG_8303.webp.3e3fa28039f12af9eaabf3aee82e86a1.webp

    • Like 5
  9. 3 hours ago, CPK said:

    Yes we saw them here too, in central MO! A beautiful sight. Crazy that you got to see it even farther south!

    This featured photo on https://spaceweather.com shows the aurora in Big Pine Key, on the southernmost tip of Florida!  And according to that page, it was also seen in Puerto Rico, for the first time in more than a century!

    IMG_8302.png.c38be5ba7c8557890505fdfacdb2a037.png

    • Like 7
    • Heart Eyes 2
×
×
  • Create New...