Snippets

SNIPPETS


• NEW LISTING:
(14th May 2022)
A silver groat (fourpence) of King Henry the 8th of England with…
the best portrait I have had in 50 plus years of trading.
A portrait coin like this usually sells at over NZ$1000…
if you can find a good one.
Otago Coin’s price for this wonder is $950.

• Bitcoin PANIC:
(12th May 2022)
Bitcoin is going down rather fast.
I’m not a great fan of cryptocurrencies,
but Bitcoin has a money transfer advantage over normal currencies.
If you are an investor ~ don’t panic.
When prices go down ~ that may be an opportunity.
13th May Update:  Last 24 hours ~ Bitcoin has levelled at around US$28500.

• Gallery: CHEAPEST ITEMS:
(12th May 2022)
Now listed,
more coins at $9 each and under.
Including silver coins of Ceylon, Fiji, South Africa, Philippines and USA.

• Otago Coin WORKS FOR YOU:
(10th May 2022)
Talking to a BIG stamp dealer yesterday,
who was broadcasting his big successes as well as all of…
the money he has made from his wealthy clients,
who hardly got mentioned.
I found it difficult going – to get a word in!
Otago Coin isn’t like that.
It’s too late in my life to want to be that wealthy anyway,
but I want you to know that
I am at present selecting some cheap old world silver coins,
to list on this website.
Being a coin dealer isn’t about me…
It’s really about what I can do for you, isn’t it?

Otago Coin ~ Here for you. 🙂


• WORLD SPOT PRICE ~ Silver:
(10th May 2022)
Silver: US$21.74 an ounce = NZ$34.39 an ounce
References: Kitco and Xe
This is a big loss since March.
But would make no impact on the better old silver currency coins with…
existing high premium values.

• ABOUT RISING PRICES:
(8th May 2022)
Take the billon silver coins of Gallic Roman Emperor Postumus.
I purchased six of these coins in good VF grades around about 1985
from a touring British coin dealer,
They cost $8 each then and that was the going retail price.
I purchased others since then
2011 was $43.00
2014 was $25.00
March 2022 was $65.00
The retail price for gVF grade varied this year from around $60-$90.
Last week I purchased 5 more at an overseas auction.
One VF coin cost $85.00.
The other four Postumus coins in EF grade cost an average of $127.35 each
You can now see where this is going.
Before too long these better grade coins will cost closer to $200 each,
meaning that very few NZ coin collectors will now be able to afford them.
But when they cost me only $8 each back in 1985,
together those six coins cost me at least half a week’s wages!
Therefore at around $200 each now ~ they are still relatively cheap…
and compared with 1985 ~ incomes now have far less buying power
for collecting the better Roman coins.

• NEW LISTINGS:
(7th May 2022)
One of these is a modest 1754 copper quattrino from Italian Bologna.
This could easily have been a coin used by members of my family from so long ago.
Nevertheless, Italian coins from this century are becoming scarce.
Consistent with my practice of listing these scarce old coins,
I shall be listing more over the coming Winter.
Yes, these coins will be affordable but…
few will be as cheap as this one and
they will not be on Trade Me.

• A NOTE on STERLING SILVER COINS:
(30th April 2022)
Most of us know that this is 0.925 British silver coins
production of which ceased by 1919-1920.
However hallmarked British silver continues to this day.
The silver coins of Henry 8th were de-based towards the end of his reign.
An Act of Queen Elizabeth I in 1560 established 0.925 sterling silver as…
the standard for the coinage.
Reference: The Book of Old Silver, Seymour B. Wyler, Crown Publishers, New York 1937.

INFLATION ~ A Buyer’s Premium COULD BE added:
(28th April 2022)
Gold and silver World spot prices are falling day-by-day as…
the US dollar rises driven by the US Fed, inflation and also through demand for…
gold, silver and other commodities.
Note also that the Russian Invasion of Ukraine,
the cutting off of Russian gas to Poland and Bulgaria,
slowing of trade, shipping and confidence…
is affecting prices.
Our NZ dollar is now falling against a rising US dollar
making all commodity sale prices in NZ unrealistically cheap.
My reaction is to introduce a buyer’s premium on all website items for sale…
because I cannot physically increase 1400 sale prices immediately.
But I have decided some prices are high enough as it is.
I don’t actually like added charges ~ so I am resisting it ~ for the meantime.
Otago Coin ~ Here for you. 🙂

• WORLD SPOT PRICES ~ Gold and Silver:
(18th March 2022)
Gold: US$1936 an ounce = NZ$2812 an ounce
Silver: US$25.28 an ounce = NZ$36.71 an ounce
References: Kitco and Xe

INFLATION:
(9th February 2022)
When I talk about Inflation,
I ignore credit and surplus value.
Profit from selling real estate may contain considerable surplus value.
The actual supply of polymer banknotes does not represent anything of real value,
such as goods or services.
It is simply the production of a means of exchange.
That doesn’t mean we don’t trust money or that we think that
it has no value.
Of course we trust money
because we have learned to do so but
the time has long passed when the coins in your purse actually contained silver.
Those silver coins were gradually removed from circulation
after the value of the silver (the intrinsic value)
increased above the coin denomination
(around the 1960’s when decimal currency replaced the pre-decimal coinage).
Now your money is made of base metal, polymer banknotes or
it is an entry in your bank account or it is represented by
something that when sold ~ returns money.
Inflation occurs when there is more money being produced than
  the real value of goods and services in the community.
The Government is responsible for inflation.
They control the banks and the money supply.
Profiteering, the extension of credit and the over-supply of money in all of its forms are…
the real cause of inflation.

ANCIENT CELTIC COINS:
(6th January 2022)
Celtic coins are small and somewhat magical.
The images upon these basic metal planchets transcend their intrinsic value.
Horses, heads, suns and wheels may well be understood,
but then the hidden faces of the spirit world confuse and confound us…
because we don’t understand the image we are looking at.
In his wonderful book ‘Ancient Celtic Coin Art’ ~ Simon Lilly reveals all
of these
hidden meanings we see upon the Celtic coins.
This is a fabulous work.
The only down side is the fact that the coins cost the earth ~ if you can find them.
Published in 2008 by ‘Wooden Books’, there are no coins or prices but…
I highly recommend it.

Otago Coin ~ Here for you. 🙂

• THE BAD GUYS:
(3rd July 2021)
These fellers attempt a website purchase as if they are still on Trade Me!
That doesn’t work here.
My rules are simple:
Reply to my emails promptly,
Send your address with your order,
and pay promptly.
I think that’s fairly simple and reasonable.
But these hoons don’t do any of these things ~ and my response is simple…
Go and shop elsewhere.
Why?
Because they are excluded. Everyone else gets the best service from the best coin website.

A SCHOOL VISIT TO OTAGO COIN:
(12th May 2021)
Pre-organised by the School Principal,
five Primary School children visited us during the lunch hour today,
accompanied by their (Otago) School Principal.
Bringing their own coins ~ they engaged me with their questions, also showing their coins.
In turn I introduced them to Otago Coin with a warm welcome,
a brief description of the history of the invention of coinage circa 800 BC,
advice about storing their coin collections,
showing some of my methods and knowhow while
demonstrating some very old coins,
war medals and enamelled coins.
It was an exciting interchange for almost an hour, they
all behaved most appropriately
and I am satisfied that they were all happy with the experience!

BEFORE COINS IN HISTORY:
(11th May 2021)
Prior to the introduction of coinage around 800 BC ~ people in Europe traded scrap metal
or items now called ‘hack silver’.
These were often broken into smaller pieces and used as money for trading purposes.
This practice was introduced when weighing technology had been invented,
such as scales and balances ~ or other, between about 1350-800 BC.
Bits of gold, silver and the more common bronze were used as ‘money’.
This was no primitive system ~ but a bottom-up sophisticated convention that was evolutionary,
better serving the needs of the people using it.
Reference: Nicola Ialongo et al, Journal of Archaeological Science, Academic Press, 2021.

• SCARCE and RARE COINS:
(19th April 2021)
One of the problems we are all facing now is this:
NZ is a backwater in terms of coin prices.
Overseas, the better coins’ prices are increasing markedly.
The cheap stuff is going cheaper looking for buyers ~ but there are now far more…
collectors (and dealers like me) hunting down the better coins.
Now unsuccessful coin dealers overseas are opening websites, desperate to make sales ~ but they cannot wait years (as I have) for buyers to find them ~ consequently they are putting their coins into the more successful auction houses in order to harvest capital.
But the auction houses start their listings at high start prices and add on 20% buyer’s premium.
This is pushing the prices up.

• EARLY COIN DESIGN:
(3rd April 2021)
Introduced in Asia Minor (Western Turkey) in the eighth century before the common era,
the first coins had only one design, the other side being blank.
The blank side received an impression of the surface it rested upon as it was struck.
In time, a die was made with a simple network of lines for the ‘blank’ side.
It wasn’t long until a design was made for both sides.
The first motif was a lion’s head ~ roaring.
Later developments featured other animals ~ confronting each other.
The heads of deities and then rulers, such as kings came later.
At first the coins were tiny, almost pill size, but they soon became larger.
Most of these early coins are expensive, but there are a few cheap exceptions,
usually the same coins in poor condition.

 • COPYING ANOTHER PERSON’S WORK IS THEFT:
(2nd April 2021)
This is called plagiarism.
Plagiarism is literary theft.
Anyone who copies text, photos or pictures from another source…
… and use it as their own production ~ commits theft.
If you credit the source in your…
footnotes, with the author, book title, publisher, place and year it was published.
…that person may avoid the charge of plagiarism.
Ignorance is no excuse.
Many visitors to this website may never have known about plagiarism.
When you have read this ~ you will know.
REFERENCE: J. Lindsay, Otago Coin website, Mosgiel, New Zealand, 2021.

Otago Coin is a learning centre 🙂

• WE ARE ONLY HUMAN ~ BENT COINS:
(8th February 2021)
In England when the Reformation began 500 years ago and
King Henry the Eighth ended…
the power of the Catholic Church (for a time),
a superstitious practice then began of carrying a bent
coin (bending the monarch’s head).
It was believed that to do so protected one from evil.
(the monarch was considered evil).
Those coins turn up today, erroneously described by
coin traders as ‘love tokens’.
But that is modern ignorance.
Bent sixpences of Elizabeth I, the Protestant Queen,
turn up either still bent…
or straightened, having been bent.
You can easily see the bend left in these coins.
We may reflect upon the fear that people had so long ago,
having lost the protection of the church for a long time.
Fear is still most common in today’s world.
Family violence, Covid, poverty and illness, but…
no one bends the coins any more.
(Reference: Otago Coin News, No. 56, 10th July 2011).

• ACCESSORIES and STORAGE:
(12th December 2020)
Purchasing accessories can be both a problem and costly.
Albums, flips, boxes, catalogues, etc. etc.
I think a lot of collectors, as myself, have learned to adapt
from other hobbies, particularly from stamp collecting and photography.
First Day Cover polymer and mylar sleeves (or holders)
can readily be adapted
for use as banknote holders (I prefer mylar if you can get it).
Photo slide boxes are sometimes exactly the right size
to house coin flip holders.
Taking care of your collection (or your stock items)
can be costly but you can save money by being
resourceful and imaginative.

• IT JUST GETS BETTER 🙂
(7th November 2020)
More often lately when people phone me they sometimes mention that…
Otago Coin was recommended by a friend to deal with,
not as one of the bunch of traders, but the much preferred trader.

• DESPERATE TRADERS:
(28th September 2020)
A failing eBay and a Trade Me that closed its phones to its members…
wanting information or making complaints,
together with punters looking elsewhere for better venues…
All grim news for the coin trading network.
There’s just too much poor stuff out there for sale and not enough interesting items now.
More disaffected folk are finding their way to us here,
but…
the message is loud and clear
They are not happy with eBay or Trade Me.

MORE PEOPLE SENDING BY COURIER TO OUR OFFICE…
and are PAID by online BANKING (ALL Covid-FREE):
(29th August 2020)
One gradual development ~ gathering momentum recently…
More bulk accumulations are being sent here via overnight courier
for appraisal and my offer.
I don’t advertise for this traffic. The vendors are usually known to me,
they contact me by email or phone ~ to discuss their items, first.
I have received three large lots over the past two months.
Each was happy with my fair offer.
Each was paid by online banking by the afternoon.
It makes sense to trade this way, because we have an excellent courier service,
and because it is expedient.
It saves the seller ~ time, it probably saves money too,
except the modest courier charge,
and it provides me with ample work to do.
Online trading ~ both selling and purchasing…
What could ever be simpler?

THE TRADE ME SYNDROME:
(25th July 2020)
…this is when their punters begin to run out of spending power
but must continue shopping.
How?
By buying smaller and smaller priced items.

BEWARE Trade Me REPLICA coins:
(11th July 2020)
More and more of these cunning replicas being presented on Trade Me,
especially the old “silver” dollars and “gold” coins.
You will NOT see these sorts of FAKES on our Otago Coin website…
Our coins are ALL ORIGINALS.
But if you want replicas…
Go to Trade Me.

RARE COINS:
(21st March 2020)
Most NZ collectors would not be interested in
rare world coins.
But I tend to specialise in these ~ provided
I can obtain them.
These are usually copper and silver coins,
before 1920 ~ British, American, Spanish Colonial, French, German, Russian Imperial, Islamic, ancient, etc.
Not only the dollar-size coins, but the smaller coins too.
I tend to put the real money into silver, especially attractive coins,
perhaps well-circulated, even having faults…
so long as they have age and appeal.
Modern coins do not attract me.
If you look at the coins on this website,
you will see lots of these rare coins.
Rare? Yes, so they can cost quite a bit.

THIS SITE MAY NOT BE FOR YOU:
(12th March 2020)
Otago Coin is a specialist website,
it was not designed with bargain buyers in mind,
but for those coin collectors who are prepared to pay a fair price
and can easily afford what they want.
Our prices are usually based upon low market prices, found on world coin websites.
Remember also that our service is professional,
quick ~ and insurance is available.

IS SILVER and GOLD STILL GOOD?
(22nd November 2019)
Ask me that again during the next
big financial crisis.

 • DISCOUNTS:
(18th September 2019)
Sometimes I get enquiries from collectors wanting
some kind of discount on my fixed sale prices.
I think that exercise doesn’t really fit here.
Perhaps collectors should regard Trade Me as the venue
where they can happily bid or respond to Fixed Price Offers.
But for that special coin you don’t see on Trade Me…
then our Otago Coin website is where you buy,
where the prices I set are fair to all,
based upon market prices, usually found on world coin websites.
Remember also that our service is professional,
quick ~ and insurance is available.
Otago Coin is a specialist website, after all…
it was not designed with bargain buyers in mind,
but for those coin collectors who are prepared to pay a fair price
and can easily afford what they want.

THE DIOSCURI:
(2018)
One of the more interesting coin types of the Roman Republic is that depicting the twins…
Castor and Pollux, otherwise known as the Dioscuri.
Holding lances and riding together, one is mortal, the other immortal…
always a popular coin…
issued under different moneyer families…
IF you can get one ~
see page 1, ‘Ancient Rome’.

ALEXANDER THE GREAT silver tetradrachms:
(2017)
These coins of the ancient Hellenic kingdoms bear the head of Herakles…
plus the name of Alexander, in Greek.
To get an original coin with the image of Alexander…
one must obtain a tetradrachm of his one-time bodyguard Lysimachos,
who became King of Thrace after the death of Alexander.
I have all of these coins.
For two of Lysimachos’ tetradrachms…
~ see the bottom of page 3 of ‘Ancient Greece’ on the black menu board.

INDIA SILVER:
(2016)
I just love the coins of India. The British silver coins were 0.917 fine silver…
but their earliest rupees of the Princely States
are often 0.960 silver, i.e. 96% pure!
I favour these chunky silver coins so much
I have boxes of them, dating from the 16th Century.
Some of these coins are listed here on our website…
I believe that my sale prices are very reasonable.
If you like these coins, as I do…
You only need to send me an order with the stock number.

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