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<p>[QUOTE="Dafydd, post: 26133951, member: 86815"]Thank you for commenting, I appreciate it and had not thought of your opinion. No need to apologise to me because I have confidence in the members of this forum not to make stupid decisions based on anything I might say. This is intended to be a generalist thread which is why I laboured to emphasis the difference between this thread and The Cob Corner that I consider specialist.</p><p>Maybe I should have pre-empted the thread with a warning such as <b>"Don't think you can make money reading this thread , because you won't"</b>. I make this comment in good humour not to be facetious.</p><p>For the sake of clarity and taken from different points on each vessel , The Titanic rests at 12,500 feet and the Gairsoppa at 15,420 feet.</p><p><br /></p><p>The question of whether something is cheap or expensive is simply the perceived value of the buyer. What I was trying to articulate is that these items can be affordable allowing access to virtually anyone, we are not considering gold aurei here or specialised collectors. Anything goes and I seek education not investment strategies. It was my mistake to mention money and I apologise for any misconception I intimated.</p><p><br /></p><p>In some recent threads both myself and another member quoted the fact that some of these coins were initially marketed with the euphoria surrounding a new discovery or recovery at a very inflated price, however many years later, after the marketeers had finished their work, these artefacts can be purchased inexpensively. I quoted my purchase of a 2 Reales Cob at less than 1/20th the price at which it was originally sold. To an extent proving the point you make.</p><p><br /></p><p>The ethos behind this thread is to consider the history around the coins and exomunia associated with Shipwrecks. For example, I have a coin, or strictly speaking a medallion, made from metal recovered from copper recovered from the hulk of HMS Foudroyant one of Admiral Nelson's ships that was wrecked at Blackpool. This was the ship he was in command of when he started his affair with Emma Hamilton. This too was vastly overpriced when minted but was sold to assist the funding of the British Navy at a time of the German Naval expansion. Over 100 years later I cannot see anyone buying one of these as an investment but simply as a curio. Similarly, I doubt if anyone on this forum considers the purchase of modern mint sets as an investment or at least I hope they don't.</p><p><img src="https://www.gbclassiccoins.co.uk/wp-content/uploads/2023/03/Foudroyant-r.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><img src="https://www.gbclassiccoins.co.uk/wp-content/uploads/2023/03/Foudroyant-o.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>In no way does this thread suggest or insinuate investment, that is the job for the marketing people of the Franklin Mint or US and Royal Mint.</p><p><br /></p><p>If we consider my first example coin, the SS Gairsoppa 1/4 Britannia. There is a fascinating story behind this sinking including outstanding acts of bravery. Had the Royal Mint not produced this coin I doubt if myself or others would ever have heard of the incident. Yes, the coin was and is still cheap and that is an accolade to the people who made it who have perpetuated the memory of those who served who otherwise might have been forgotten. I don't think the Royal Mint thought they would make a mint ( please excuse the pun) by producing this coin. This coin was produced as a limited edition of 10,000 in 2014 and sold for £20 the equivalent of $33 in 2014. I see this coin as minted for education and to commemorate service and offers citizens heritage. </p><p>I am sure Disney must have minted a Pirates of the Caribbean coin but don't expect to see one here. </p><p><img src="https://img.kwcdn.com/product/fancy/c58eec57-b070-48ae-bb54-c43741954ecb.jpg?imageView2/2/w/800/q/70/format/webp" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p>In my opinion, unlike the image above, the Gairsoppa coin presented value for money then with its quality packaging and DVD. 10,000 might sound a lot but the quantity of type year sets produced by both our mints is staggering,</p><p><br /></p><p>I don't believe we need a different thread to discuss commemorative issues or anything else other than the topic headline, [USER=134416]@nerosmyfavorite68[/USER] understood the sentiment behind the thread with his post and I hope to see Ancients to Modern coins posted by members. The subject really interests me and I am fascinated to see what is posted. I will post some more but no more mention of pricing.[/QUOTE]</p><p><br /></p>
[QUOTE="Dafydd, post: 26133951, member: 86815"]Thank you for commenting, I appreciate it and had not thought of your opinion. No need to apologise to me because I have confidence in the members of this forum not to make stupid decisions based on anything I might say. This is intended to be a generalist thread which is why I laboured to emphasis the difference between this thread and The Cob Corner that I consider specialist. Maybe I should have pre-empted the thread with a warning such as [B]"Don't think you can make money reading this thread , because you won't"[/B]. I make this comment in good humour not to be facetious. For the sake of clarity and taken from different points on each vessel , The Titanic rests at 12,500 feet and the Gairsoppa at 15,420 feet. The question of whether something is cheap or expensive is simply the perceived value of the buyer. What I was trying to articulate is that these items can be affordable allowing access to virtually anyone, we are not considering gold aurei here or specialised collectors. Anything goes and I seek education not investment strategies. It was my mistake to mention money and I apologise for any misconception I intimated. In some recent threads both myself and another member quoted the fact that some of these coins were initially marketed with the euphoria surrounding a new discovery or recovery at a very inflated price, however many years later, after the marketeers had finished their work, these artefacts can be purchased inexpensively. I quoted my purchase of a 2 Reales Cob at less than 1/20th the price at which it was originally sold. To an extent proving the point you make. The ethos behind this thread is to consider the history around the coins and exomunia associated with Shipwrecks. For example, I have a coin, or strictly speaking a medallion, made from metal recovered from copper recovered from the hulk of HMS Foudroyant one of Admiral Nelson's ships that was wrecked at Blackpool. This was the ship he was in command of when he started his affair with Emma Hamilton. This too was vastly overpriced when minted but was sold to assist the funding of the British Navy at a time of the German Naval expansion. Over 100 years later I cannot see anyone buying one of these as an investment but simply as a curio. Similarly, I doubt if anyone on this forum considers the purchase of modern mint sets as an investment or at least I hope they don't. [IMG]https://www.gbclassiccoins.co.uk/wp-content/uploads/2023/03/Foudroyant-r.jpg[/IMG] [IMG]https://www.gbclassiccoins.co.uk/wp-content/uploads/2023/03/Foudroyant-o.jpg[/IMG] In no way does this thread suggest or insinuate investment, that is the job for the marketing people of the Franklin Mint or US and Royal Mint. If we consider my first example coin, the SS Gairsoppa 1/4 Britannia. There is a fascinating story behind this sinking including outstanding acts of bravery. Had the Royal Mint not produced this coin I doubt if myself or others would ever have heard of the incident. Yes, the coin was and is still cheap and that is an accolade to the people who made it who have perpetuated the memory of those who served who otherwise might have been forgotten. I don't think the Royal Mint thought they would make a mint ( please excuse the pun) by producing this coin. This coin was produced as a limited edition of 10,000 in 2014 and sold for £20 the equivalent of $33 in 2014. I see this coin as minted for education and to commemorate service and offers citizens heritage. I am sure Disney must have minted a Pirates of the Caribbean coin but don't expect to see one here. [IMG]https://img.kwcdn.com/product/fancy/c58eec57-b070-48ae-bb54-c43741954ecb.jpg?imageView2/2/w/800/q/70/format/webp[/IMG] In my opinion, unlike the image above, the Gairsoppa coin presented value for money then with its quality packaging and DVD. 10,000 might sound a lot but the quantity of type year sets produced by both our mints is staggering, I don't believe we need a different thread to discuss commemorative issues or anything else other than the topic headline, [USER=134416]@nerosmyfavorite68[/USER] understood the sentiment behind the thread with his post and I hope to see Ancients to Modern coins posted by members. The subject really interests me and I am fascinated to see what is posted. I will post some more but no more mention of pricing.[/QUOTE]
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