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<p>[QUOTE="Dafydd, post: 26433917, member: 86815"]I don't think you need to be concerned about tariffs on books [USER=82388]@Joshua Lemons[/USER] as far as I know I believe printed matter can circulate freely without import duties. I've sent several books to the USA without issue and probably receive one book a week from the USA without issues my end. I don't think the coins are out of the ordinary except for their analysis and many are tokens. I would hope that the issues of tariffs will gradually fade because there are several bigger fish to fry in respect of tariffs than collectors coins like the automobile sector and investment or lack of it. Yes it is good to be able to see interesting things and to see what the wealthy collect. That is a whole debate in itself as I do feel that some of the Uber high priced coins are purchased more for investment, statement of wealth and one-upmanship. Fortunately or unfortunately whatever your philosophy is, I don't need to worry about these games and whilst it would be nice to profit from a collection, that has zero motivation for me and I would not consider my coins as investments but as objects of curiosity and a study opportunity. I have spent more on books researching some coins that the coin that motivated my interest cost me.</p><p>Baldwins auctioned a coin the night before the show called "The Crown Coin; Her Masterpiece" which was made from 3.61 kgs /7.96 lbs of gold and beset with 6,426 certified diamonds. It was hyped at an insurance value of £16 million/ $21.4 million and was being sold with a "conservative" estimate of £2-3 million . It finally hammered at £1.8 million so with the various commission and duties just under $3 million.</p><p>Melt value of the gold would be roughly $400,000 but it took 83 artisans 18 months to make it. The artisans were based all over the world but from some calculations made the labour cost alone was probably circa $3 million plus materials so the East India Company who commissioned it probably got their fingers burnt and didn't make the killing they had hoped for and some wealthy person has a one of a kind piece that he or she bought at less than the manufacturing cost. The only party that would have made on this would have been the auctioneers.</p><p>I wouldn't have wanted it even if I could have afforded it and I guess unless it is locked away it probably brings more trouble than its worth. If I had $3 million to spend. With my interests and spending say $1000 a coin that would mean 3000 coins to buy and I don't think I will live that long but I would have a real good try at trying to spend it![/QUOTE]</p><p><br /></p>
[QUOTE="Dafydd, post: 26433917, member: 86815"]I don't think you need to be concerned about tariffs on books [USER=82388]@Joshua Lemons[/USER] as far as I know I believe printed matter can circulate freely without import duties. I've sent several books to the USA without issue and probably receive one book a week from the USA without issues my end. I don't think the coins are out of the ordinary except for their analysis and many are tokens. I would hope that the issues of tariffs will gradually fade because there are several bigger fish to fry in respect of tariffs than collectors coins like the automobile sector and investment or lack of it. Yes it is good to be able to see interesting things and to see what the wealthy collect. That is a whole debate in itself as I do feel that some of the Uber high priced coins are purchased more for investment, statement of wealth and one-upmanship. Fortunately or unfortunately whatever your philosophy is, I don't need to worry about these games and whilst it would be nice to profit from a collection, that has zero motivation for me and I would not consider my coins as investments but as objects of curiosity and a study opportunity. I have spent more on books researching some coins that the coin that motivated my interest cost me. Baldwins auctioned a coin the night before the show called "The Crown Coin; Her Masterpiece" which was made from 3.61 kgs /7.96 lbs of gold and beset with 6,426 certified diamonds. It was hyped at an insurance value of £16 million/ $21.4 million and was being sold with a "conservative" estimate of £2-3 million . It finally hammered at £1.8 million so with the various commission and duties just under $3 million. Melt value of the gold would be roughly $400,000 but it took 83 artisans 18 months to make it. The artisans were based all over the world but from some calculations made the labour cost alone was probably circa $3 million plus materials so the East India Company who commissioned it probably got their fingers burnt and didn't make the killing they had hoped for and some wealthy person has a one of a kind piece that he or she bought at less than the manufacturing cost. The only party that would have made on this would have been the auctioneers. I wouldn't have wanted it even if I could have afforded it and I guess unless it is locked away it probably brings more trouble than its worth. If I had $3 million to spend. With my interests and spending say $1000 a coin that would mean 3000 coins to buy and I don't think I will live that long but I would have a real good try at trying to spend it![/QUOTE]
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