savetheclaypigeon Posted July 20, 2009 Report Share Posted July 20, 2009 Yesterday somebody posted a link to an audio interview with Peter Schiff, but I don't remember which thread it is in (or was it at HPC?). Could somebody point me to it? An interesting point he made about the U.S. housing market is that he thinks it will not find a bottom until interest rates find a top. So on that basis the bottom could still be several years off. Today, dollar down and gold up quite a bit, but less so in euros than dollars. USD 1.4221 to buy one euro. http://kingworldnews.com/kingworldnews/Pod...ter_Schiff.html Hope this is it. Bubb posted it in his mini thread on the Tampa housing market. Link to comment Share on other sites More sharing options...
wren Posted July 20, 2009 Report Share Posted July 20, 2009 http://kingworldnews.com/kingworldnews/Pod...ter_Schiff.html Hope this is it. Bubb posted it in his mini thread on the Tampa housing market. That's the one. Thanks very much. ------------------------------------------------------------------------------ An interesting quote from a historical novel about QE1. “I am sure,” he said coldly. “For if you had continued with your forgetfulness till the day that you called in the old coin and issued new, I would have been left with a small treasure room filled with dross, would I not? And left at a substantial loss, would I not? Was it your intention that I should suffer?” Elizabeth flushed. “I didn’t know you were storing small coin.” “I have lands; my tenants do not pay their rents in bullion, alas. I have trading debts which are paid in small coin. I have chests and chests of pennies and farthings. Do tell me what I may get for them?” “A little more than their weight,” she said in a very small voice. “Not their face value?” She shook her head in silence. “We are calling in the coins and issuing new,” she said. “It is Gresham’s plan -- you know of it yourself. We have to make the coins anew.” So is this the Gresham of Gresham's Law? Link (about a possible overnight dollar devaluation): http://www.dollarcollapse.com/iNP/view.asp?ID=102 Link to comment Share on other sites More sharing options...
Compounded Posted July 20, 2009 Report Share Posted July 20, 2009 That's the one. Thanks very much. ------------------------------------------------------------------------------ An interesting quote from a historical novel about QE1. So is this the Gresham of Gresham's Law? Link (about a possible overnight dollar devaluation): http://www.dollarcollapse.com/iNP/view.asp?ID=102 I think so:- http://en.wikipedia.org/wiki/Gresham%27s_law According to the economist George Selgin in his paper "Gresham's Law": As for Gresham himself, he observed "that good and bad coin cannot circulate together" in a letter written to Queen Elizabeth on the occasion of her accession in 1558. The statement was part of Gresham's explanation for the "unexampled state of badness" England's coinage had been left in following the "Great Debasements" of Henry VIII and Edward VI, which reduced the metallic value of English silver coins to a small fraction of what that value had been at the time of Henry VII. It was owing to these debasements, Gresham observed to the Queen, that "all your fine gold was convayed out of this your realm."[3] Gresham made his observations of good and bad money while in the service of Queen Elizabeth, with respect only to the observed poor quality of the British coinage. The previous monarchs, Henry VIII and Edward VI, had forced the people to accept debased coinage by means of their legal tender laws. Gresham also made his comparison of good and bad money where the precious metal in the money was the same. He did not compare silver to gold, or gold to paper. Link to comment Share on other sites More sharing options...
Compounded Posted July 20, 2009 Report Share Posted July 20, 2009 That's the one. Thanks very much. ------------------------------------------------------------------------------ An interesting quote from a historical novel about QE1. So is this the Gresham of Gresham's Law? Link (about a possible overnight dollar devaluation): http://www.dollarcollapse.com/iNP/view.asp?ID=102 I think so:- http://en.wikipedia.org/wiki/Gresham%27s_law According to the economist George Selgin in his paper "Gresham's Law": As for Gresham himself, he observed "that good and bad coin cannot circulate together" in a letter written to Queen Elizabeth on the occasion of her accession in 1558. The statement was part of Gresham's explanation for the "unexampled state of badness" England's coinage had been left in following the "Great Debasements" of Henry VIII and Edward VI, which reduced the metallic value of English silver coins to a small fraction of what that value had been at the time of Henry VII. It was owing to these debasements, Gresham observed to the Queen, that "all your fine gold was convayed out of this your realm."[3] Gresham made his observations of good and bad money while in the service of Queen Elizabeth, with respect only to the observed poor quality of the British coinage. The previous monarchs, Henry VIII and Edward VI, had forced the people to accept debased coinage by means of their legal tender laws. Gresham also made his comparison of good and bad money where the precious metal in the money was the same. He did not compare silver to gold, or gold to paper. Link to comment Share on other sites More sharing options...
marmite Posted July 21, 2009 Report Share Posted July 21, 2009 Have you seen this on goldismoney, possible fake 2009 phillys on the market. May end up to be nothing but the OP seems quiet convinced Well worth reading the whole thread, waiting for the assay results http://goldismoney.info/forums/showthread.php?t=392148 Link to comment Share on other sites More sharing options...
romans holiday Posted July 21, 2009 Report Share Posted July 21, 2009 Double post. Long-termish charts for the three metals here. Seems to me these graphs are signalling: Gold= Safe Investment Silver= Speculative Trade Platinum= Gambling The gold graph is almost a thing of beauty. imo the complete recovery in the gold price as compared to the other metals reflects that it has been effectively "monetized" in the minds of investors. Gold looks like it wants to go higher soon. I would not be surprised to see it go through 1000 sometime this summer or shortly after, but then I also wouldn't be surprised to see it subsequently come back down through 1000... before heading higher of course. I think the level we are at now [900] is the new base. Link to comment Share on other sites More sharing options...
Mr Pipples Posted July 21, 2009 Report Share Posted July 21, 2009 Morgan Stanley pays damages for Precious Metals Fraud - http://seekingalpha.com/instablog/407380-j...us-metals-fraud Naughty ETFs. Link to comment Share on other sites More sharing options...
warpig Posted July 21, 2009 Report Share Posted July 21, 2009 Good link. Morgan Stanley pays damages for Precious Metals Fraud - http://seekingalpha.com/instablog/407380-j...us-metals-fraud Naughty ETFs. Link to comment Share on other sites More sharing options...
Pixel8r Posted July 21, 2009 Report Share Posted July 21, 2009 Is GLD A Good Deal? Written by Julian Murdoch Monday, 20 July 2009 09:35 GLD's largest shareholder, until recently, was noted hedge fund manager David Einhorn's Greenlight Capital hedge fund. Last week, we learned that he'd sold all of his GLD (SPDR Gold Shares (NSYE Arca)) GLD holdings in favor of physical bullion. How much? About 4.2 million shares of GLD, or roughly $390 million. Link to comment Share on other sites More sharing options...
electroweak Posted July 21, 2009 Report Share Posted July 21, 2009 Have you seen this on goldismoney, possible fake 2009 phillys on the market. May end up to be nothing but the OP seems quiet convinced Well worth reading the whole thread, waiting for the assay results http://goldismoney.info/forums/showthread.php?t=392148 Oh dear.. you're going to love this one. Last night, before I had seen this post from you, I noticed that one of my 1oz maples looks slightly 'redder' than the others; It's REALLY close though in colour. Now this coin is one I have handled more than the others so I am hoping it might just be the grease might have changed the colour slightly. The weight is pretty much spot-on 1ozt (31.11g) and the diameter/thickness looked fine to me but when I went to get it out of the capsule (30mm) it stuck slightly whereas the others come out just fine from their cases!! I will measure this coin again with calipers tonight. Ping test seemed ok, coin does not look like a fake. Originally purchased from CID in 2008. EDIT: I'm pretty sure it's an OK coin, but the slight colour difference is a bit unnerving. Will post results reweigh/measure results asap. Link to comment Share on other sites More sharing options...
warpig Posted July 21, 2009 Report Share Posted July 21, 2009 I hadn't heard of it, but it seems this is a known phenomena. https://www.kitcomm.com/showthread.php?t=43344 Oh dear.. you're going to love this one. Last night, before I had seen this post from you, I noticed that one of my 1oz maples looks slightly 'redder' than the others; It's REALLY close though in colour. Now this coin is one I have handled more than the others so I am hoping it might just be the grease might have changed the colour slightly. The weight is pretty much spot-on 1ozt (31.11g) and the diameter/thickness looked fine to me but when I went to get it out of the capsule (30mm) it stuck slightly whereas the others come out just fine from their cases!! I will measure this coin again with calipers tonight. Ping test seemed ok, coin does not look like a fake. Originally purchased from CID in 2008. EDIT: I'm pretty sure it's an OK coin, but the slight colour difference is a bit unnerving. Will post results reweigh/measure results asap. Link to comment Share on other sites More sharing options...
electroweak Posted July 21, 2009 Report Share Posted July 21, 2009 Sure, I think it might just be the muck my fingers left on the surface (at least that's what I am hoping!) .9999 fine 2008 1ozt gold maple. Link to comment Share on other sites More sharing options...
FishingwithJesse Posted July 21, 2009 Report Share Posted July 21, 2009 Buy directly from authorized resellers.... Period! Link to comment Share on other sites More sharing options...
electroweak Posted July 21, 2009 Report Share Posted July 21, 2009 ok, results in: diameter 30.00mm (true=30.00) thickness 2.80mm at the thickest point I could find (true=2.87) mass 31.13g (true 31.1+g) so it compares favourably, though slightly thinner. - but the mass is dead on so I am sure it's not a fake as it would otherwise have to be made from like Osmium or Platinum or something WAY rarer than gold. Panic over. EDIT: FishingWithJesse; authorised resellers? - in the UK for maples!? - This was from CoinInvest Link to comment Share on other sites More sharing options...
FishingwithJesse Posted July 21, 2009 Report Share Posted July 21, 2009 ok, results in: diameter 30.00mm (true=30.00) thickness 2.80mm at the thickest point I could find (true=2.87) mass 31.13g (true 31.1+g) so it compares favourably, though slightly thinner. - but the mass is dead on so I am sure it's not a fake as it would otherwise have to be made from like Osmium or Platinum or something WAY rarer than gold. Panic over. EDIT: FishingWithJesse; authorised resellers? - in the UK for maples!? - This was from CoinInvest Here you go : http://www.mint.ca To find a dealer near you, check the North American and International listings below or look in the Yellow Pages to find a Royal Canadian Mint numismatic coin dealer in your area. You can also Contact us or a Canada Post branch. Canadian dealers | US dealers | International dealers Canadian dealers Alberta | British Columbia | Manitoba | Nova Scotia | Ontario | Quebec Alberta J. Harrison Agencies Inc. Wholesale & Retail Retail store name: "Clyde Vincett Ltd." #42 Crossroads Market 1235 - 26 Ave S.E. Calgary, Alberta T2G 1R7 Tel: Jim @ 403-238-4394 or Keith @ 403-248-0688 National Pride Coin & Stamp Ray Neiman 8005-104 Street N.W. Edmonton, Alberta T6E 4E3 Tel: 780-433-7288 Fax: 403-434-9466 Northgate Stamp Shop Sein Mah 12516, 118th Avenue Nw N. Edmonton, Alberta T5L 2K6 Tel: 780-424-8511 Fax: 780-424-8511 West Edmonton Coin & Stamp Jack Jensen 2720-8882-170th Street Place 9, WEM Edmonton, Alberta T5T 4J2 Tel: 780-444-1156 Fax: 780-486-5243 [ Back to top ] British Columbia A.A.A. Stamp Coin Jewellery Inc. Michael Tarantino 809 Fort Street Victoria, B.C. V8W 1H6 Tel: 250-384-1315 Fax: 250-384-4516 rmcgaw3@shawcable.com Chantou International Coin & Stamp Giuseppe Iorio 6537 Fraser Street Vancouver, B.C. V5X 3T4 Tel: 604-321-7447 Fax: 604-321-7876 J & M Coin & Jewellery Ltd. Joseph Iorio 127 East Broadway Avenue Vancouver, B.C. V5Y 1W1 Tel: 604-876-7181 Tel: 1-888-244-9999 Fax: 604-876-1518 jandm@jandm.com Van Isle Coin & Stamp Ron Fritz 831 Fort Street Victoria, B.C. V8W 1H6 Tel: 250-382-6331 Fax: 250-382-6331 vanislecoin@shaw.ca [ Back to top ] Manitoba Collectibles Canada Marlene Sturrey 2211 McPhillips Street Unit O Winnipeg, Manitoba R2V 3M5 Tel: 204-586-6263 Fax: 416-586-6263 cash.cdn@shawlink.ca Gatewest Coins Ian Laing 1711 Corydon Ave. Winnipeg, Manitoba R3N 0J9 Tel: 204-489-9112 Fax: 204-489-9118 www.gatewestcoin.com/contact [ Back to top ] Nova Scotia Citadel Coins Gerard Feehan 1903 Barrington Street Barrington Place Shops Halifax, Nova Scotia B3J 3L7 Tel: 902-492-0130 Fax: 902-423-5998 citadelcoins@eastlink.ca [ Back to top ] Ontario Arcade Coins Michael Barber 10 King St. E., Suite 301 Toronto, Ontario M5C 1C3 Tel: 416-368-6655 Fax: 416-368-5951 arcadecoins@idirect.com Ashbrook Coins Stamps Antiques & Collectibles Andrew Driega 911 Richmond Road Ottawa, Ontario K2A 0G8 Tel: 613-798-9911 Fax: 613-798-0830 driegaa@aol.com Canadian Coin & Currency Steven Bromberg 10211 Yonge Street Richmond Hill, Ontario L4C 3B6 Tel: 905-883-5300 Tel: 1-800-236-2646 Fax: 905-883-5929 info@cdncoin.com Coin Market Mark Drake 714 Yonge Street 2nd Floor Toronto, Ontario M4Y 2B3 Tel: 416-964-1632 Fax: 416-964-1632 coinmarket@gmail.com http://coinmarket.webs.com House of Stamps Chrisitan Goetz 100 City Centre Drive Unit 123A Mississauga, Ontario L5B 2C9 Tel: 905-848-2646 Fax: 905-848-0502 houseofstamps@rogers.com [ Back to top ] Quebec Achetons-Vendons Daniel Grenier 314 Lafontaine Rivière-du-Loup, Québec G5R 3B1 Tel: 418-721-4444 Fax: 418-721-4444 achetons@cgocable.ca Cartes, Timbres et Monnaie Ste-Foy www.imaginaire.com Benoît Doyon 2740 boul. Laurier, 3ième étage Ste-Foy, Québec G1V 4P7 Tel: 418-658-5639 Fax: 418-658-2867 info@ctm-ste-foy.com Monnaie Collection Royale André Goulet C.P. 128 Grand-mère, Québec G9T 5K7 Tel: 819-533-4633 Tel: 1-877-222-0142 Fax: 819-538-6525 info@monnaieroyale.com Monnaie Timbres de la Capitale Eric Paquette 5401 boul. des Galeries, Suite 1018 Québec, Québec G2K 1N4 Tel: 418-628-9838 Fax: 418-628-2351 cpnum@qc.aira.com Rousseau timbres et monnaies www.rousseaucollections.com Lise Rousseau 585, rue Sainte-Catherine ouest Montréal, Québec H3B 3Y5 Tel: 514-281-4756 Tel: 1-800-561-9977 rousseaucollections@bellnet.ca [ Back to top ] US dealers Talisman Coins www.TalismanCoins.com 9051 Watson Road Suite 103 St. Louis, MO 63126 Tel: 314-968-3980 Tel: 1-888-552-2646 Fax: 314-968-3801 info@talismancoins.com World Mints Ltd. worldmintsltd.com Jerry L. Morgan P.O. Box 410444 Saint Louis, MO 63141 Tel : 314-249-3431 jerrycoin@aol.com Coin Cradle 2810 West Kennewick Ave. Kennewick, WA 99336 Tel: 509-735-2172 Fax: 509-783-8042 bjenner.333@aol.com [ Back to top ] International dealers Taisei Stamps & Coins Co. 4F.,4-9-4 Hatchobori Shinkawa, Chuo-Ku Tokyo 104-0032 Japan Tel: 81-3-3297-8222 Fax: 81-3-3297-8227 trade@taiseicoins.com Downie's 255 Johnston St., Abbotsford Melbourne," Victoria 3067 Australia Tel: 61-39-419-7588 Fax: 61-39-416-3385 kdownie@downies.com IMM Münz-Institut, Institut für Münz- und Medaillenkunst GmbH Rennweg 79-81 1034 Wien,Austria Tel: +43 1 718112233 Fax: +43 1 718112210 young@imm-wien.at Schoeller & Co. Muenzhandel GmbH Bankaktiengesellschaft Renngasse 14 A-1010 Wien, Austria Tel: 43-1-5333-606 Fax: 43-1-5333-606-44 [ Back to top ] Mønthuset Danmark A/S Strandvejen 102 E 2900 Hellerup, Denmark Tel: +45 77 302010 Fax: +45 77 302019 kb@monthuset.dk The Westminster Collection Ltd. 126 Rickmansworth Road, Watford Hertsfordshire WD18 7WS, England Tel: 44-1-923-475563 Fax: 44-1-923-475567 ps@westminstercollection.com Oy Nordic Moneta Ab Malminkaari 21 A, P.O. Box 770 00700 Helsinki, Finland Tel: +358 9 47702138 Fax: +358 9 47702140 riitta.kivisto@rahapajamoneta.fi MDM Münzhandelsgesellschaft mbH Deutsche Münze Theodor-Heuss-Straße 7 38097 Braunschweig, Germany Mrs. Anja Scheunemann Head of International Marketing & Sales Tel: +49 531 205-1122 Fax: +49 531 205-1700 anja.scheunemann@mdm.de [ Back to top ] International Coins (Hong Kong) Ltd. 26/F Wing On House, 71 Des Voeux Road, Central Hong Kong Tel: 852-2845-8330 Fax: 852-2-845-9110 iclpsp@pacific.net.hk Intercoins S.p.A. Via Carducci, 9 20123 Milan, Italy Tel: 39-02-890-0404 Fax: 39-02-805-6065 intercoins@intercoins.it Hwadong Coin & Banknote 1466-14 Seocho-Dong, Seocho-Guy, C.P.O. Box 4183 Seoul, Korea Tel: 82-2-597-8740 Fax: 822-597-8741 hwadong@hwadong.com [ Back to top ] Modern Numismatic International b.v. P.O. Box 385 1271 AJ Huizen, Netherlands Tel: +31 35 751 13 00 Fax: +31 35 751 13 50 sales@mnint.eu Samlerhuset Norge AS Trollåsveien 6, P.O. Box 523 1411 Kolbotn, Norway Tel: +47 66811500 Fax: +47 66819673 niclas.wate@samlerhuset.no Skarbnica Narodowa Sp. z o.o. Emilii Plater 53, XI floor 00-113 Warsaw, Poland Tel: +48 22 5286766 Fax: +48 22 5286701 stephen.lee@samlerhuset.com Inwestycje Alternatywne Profit S.A. www.e-numizmatyka.pl Marszalkowska 60/7, III floor 00-545 Warsaw, Poland Tel: +48 22 628-72-83 Fax: +48 22 622-03-37 biuro@e-numizmatyka.pl Lamas Bolano S.p.A. Gran Via, 610 08007 Barcelona, Spain Tel: 34-93-317-7908 Fax: 34-93-302-1847 lamasbolano@lamasbolano.com [ Back to top ] Mynthuset Sverige AB Jörgen Kocksgatan 9 211 20 Malmö, Sweden Tel: +46 40 6028270 Fax: +46 40 6028201 mbo@mynthuset.se Het Nederlandsche Muntenhuis P.O. Box 20520 1001 NM Amsterdam, The Netherlands Tel: +800 6868366 Fax: +800 8763535 j.scriven@muntenhuis.nl http://www.mint.ca/store/mint/customer-ser...6#international Link to comment Share on other sites More sharing options...
wren Posted July 21, 2009 Report Share Posted July 21, 2009 I think so:- http://en.wikipedia.org/wiki/Gresham%27s_law ... Thanks for the historical note. I notice that the article also says: An early form of Gresham's Law was described by Nicolaus Copernicus in the treatise Monetae cudendae ratio, first drawn up in the year (1519) that Thomas Gresham was born. Copernicus wrote that "bad (debased) coinage drives good (un-debased) coinage out of circulation."[4]So Copernicus was earlier and the Wikipedia article on Copernicus says: http://en.wikipedia.org/wiki/Nicolaus_Copernicus This phenomenon had been noted earlier by Nicole Oresme, but Copernicus rediscovered it independently.So it seems that the French philosopher Nicole Oresme (c. 1323 - July 11, 1382) was the earliest to state Gresham's Law. http://en.wikipedia.org/wiki/Nicole_Oresme Link to comment Share on other sites More sharing options...
FishingwithJesse Posted July 21, 2009 Report Share Posted July 21, 2009 One of my favorite sayings that Bernard Baruch gets credited for goes like this: “The main purpose of the stock market is to make fools of as many men as possible.” when the head and shoulders formation reversed and the market squeezed all the shorts dry. Dow : 8,916 68 0.77% Nasdaq comp : 1,916 7 0.36% S&P 500 : 955 3 0.36% Link to comment Share on other sites More sharing options...
FishingwithJesse Posted July 21, 2009 Report Share Posted July 21, 2009 Oh my Apple ! Apple Inc NASDAQ GS: AAPL $155.23 Apple earnings rise 15% as iPhone sales surge http://www.marketwatch.com/story/apple-ear...ter?siteid=bnbh Link to comment Share on other sites More sharing options...
ziknik Posted July 21, 2009 Report Share Posted July 21, 2009 ok, results in: diameter 30.00mm (true=30.00) thickness 2.80mm at the thickest point I could find (true=2.87) mass 31.13g (true 31.1+g) so it compares favourably, though slightly thinner. - but the mass is dead on so I am sure it's not a fake as it would otherwise have to be made from like Osmium or Platinum or something WAY rarer than gold. Panic over. EDIT: FishingWithJesse; authorised resellers? - in the UK for maples!? - This was from CoinInvest CID are a reputable dealer. They wouldn’t send you a fake coin () Phone them and ask about the red(ish) colour. They’ve been very good whenever I have phoned them Link to comment Share on other sites More sharing options...
Errol Posted July 21, 2009 Report Share Posted July 21, 2009 CID are a reputable dealer. They wouldn’t send you a fake coin () Phone them and ask about the red(ish) colour. They’ve been very good whenever I have phoned them Reddish marks can be what is known as copper spotting. I have a maple with several copper marks on it. They look almost like stains or some kind of rust. Perfectly normal, apparently, despite gold being virtually immune to most tarnish etc. Link to comment Share on other sites More sharing options...
warpig Posted July 21, 2009 Report Share Posted July 21, 2009 Copper Spotting. I'd be interested in seeing a picture if you can manage one. What Causes Red Spots Red spot can occur on almost any gold coin, it certainly happens on 22 carat gold coins. We have never seen it on .999(9) fine gold coins, and presume it is virtually impossible for it to occur on fine gold. From our knowledge of metallurgy, we can tell you that when gold is alloyed, usually with copper or copper and silver, the alloying is obviously done in the molten state, and then has to cool. During cooling, crystalisation occurs, the crystal forming around "seeds" which are molecules of the elemental metals. There is a slight tendency for the elements with the highest melting point to start to crystalise first, and this can lead to small localised areas with slightly higher or lower concentrations of the constituent elements. In ternary alloys (three elements) three pairs of binary (two elements) alloys can also form. These areas of variable alloy are usually of microscopic proportion, but can sometimes be large enough to be visually discernable. Copper oxidises and forms other salts fairly readily whereas gold is almost completely inert, and silver lies in between, although it is fairly unreactive. This means that if some parts of the alloy are copper rich, and are exposed on the surface of the coin, then it is possible for these parts to exhibit toning or tarnishing. The red spots are areas with a higher copper content, and as copper is a red coloured metal, this shows itself in an area which is less yellow and more red than the rest of the coin. If this area subsequently tarnishes, it would almost certainly go towards a deeper red or brown colour. Whenever we have seen red spot, it has always been an area about the size of a pinhead, sometimes with more than one spot on a coin. Link to comment Share on other sites More sharing options...
HPCSucks Posted July 21, 2009 Report Share Posted July 21, 2009 Reddish marks can be what is known as copper spotting. I have a maple with several copper marks on it. They look almost like stains or some kind of rust. Perfectly normal, apparently, despite gold being virtually immune to most tarnish etc. It's just the .00001% impurity showing up. As you say, nothing to worry about. Link to comment Share on other sites More sharing options...
enrieb Posted July 21, 2009 Report Share Posted July 21, 2009 Oh dear.. you're going to love this one. Last night, before I had seen this post from you, I noticed that one of my 1oz maples looks slightly 'redder' than the others; It's REALLY close though in colour. Now this coin is one I have handled more than the others so I am hoping it might just be the grease might have changed the colour slightly. The weight is pretty much spot-on 1ozt (31.11g) and the diameter/thickness looked fine to me but when I went to get it out of the capsule (30mm) it stuck slightly whereas the others come out just fine from their cases!! I will measure this coin again with calipers tonight. Ping test seemed ok, coin does not look like a fake. Originally purchased from CID in 2008. EDIT: I'm pretty sure it's an OK coin, but the slight colour difference is a bit unnerving. Will post results reweigh/measure results asap. You will have no problem whatsoever with the maples, as long as the size and weight is accurate, 24 carat is impossible to fake unless they use platinum, which is more valuable. The red spots are mainly on the coins that are alloyed with copper, Krugerrands, sovs, early britanias, etc.. Link to comment Share on other sites More sharing options...
azazel Posted July 21, 2009 Report Share Posted July 21, 2009 Im pleasantly suprised how well gold is holding up durring these summer months. I have been away for some time due to moving house and I lost my internet connection, so I have not been able to keep up with things. I hope everyone is OK. Link to comment Share on other sites More sharing options...
enrieb Posted July 21, 2009 Report Share Posted July 21, 2009 Reddish marks can be what is known as copper spotting. I have a maple with several copper marks on it. They look almost like stains or some kind of rust. Perfectly normal, apparently, despite gold being virtually immune to most tarnish etc. The gold is probably unmarked, it may just be a reaction of contaminants in a thin layer on the surface of the gold at an almost microscopic level. Almost all metals have some sort of reaction with oxygen, gold is one of the most resistant. You could possibly clean it off, but I would advise against over-cleaning, the surface layer is possibly one of the factors that helps to protect gold from damage It could be some sort of oligodynamic effect creating a fine surface layer. The oligodynamic effect was discovered in 1893 by the Swiss Karl Wilhelm von Nägeli as a toxic effect of metal-ions on living cells, algae, molds, spores, fungus, virus, prokaryotic and eukaryotic microorganisms, even in relatively low concentrations. This antimicrobial effect is shown by ions of: mercury, silver, copper, iron, lead, zinc, bismuth, gold, aluminium and other metals. Especially heavy metals show this effect. The exact mechanism of action is still unknown. Data from silver suggest that these ions denature proteins (enzymes) of the target cell or organism by binding to reactive groups resulting in their precipitation and inactivation. Silver inactivates enzymes by reacting with the thiol groups to form silver sulfides. Silver also reacts with the amino-, carboxyl-, phosphate-, and imidazole-groups and diminish the activities of lactate dehydrogenase and glutathione peroxidase. Bacteria (Gram-positive and Gram-negative) are in general affected by the oligodynamic effect, but they can develop a heavy-metal resistance, or in the case of silver a silver-resistance. Viruses in general are not very sensitive. The toxic effect is fully developed often only after a long time (many hours). http://en.wikipedia.org/wiki/Oligodynamic_effect Iron, as we all know rusts, silver blackens, copper forms a green residue on the surface, aluminum and stainless steel form a thin almost invisible surface layer after contact with air. Brass kills bacteria and the buildup darkens the metal. Funny how people think that nice clean looking steel door handles are more hygienic than old hard to clean brass, the brass is much better for hygiene. In Stainless steel, the chromium forms a passivation layer of chromium(III) oxide (Cr2O3) when exposed to oxygen. The layer is too thin to be visible, and the metal remains lustrous. It is impervious to water and air, protecting the metal beneath. Also, this layer quickly reforms when the surface is scratched. This phenomenon is called passivation and is seen in other metals, such as aluminium and titanium. http://en.wikipedia.org/wiki/Stainless_steel Aluminium oxide is responsible for resistance of metallic aluminium to weathering. Metallic aluminium is very reactive with atmospheric oxygen, and a thin passivation layer of alumina (4 nm thickness) forms in about 100 picoseconds on any exposed aluminium surface.[5] This layer protects the metal from further oxidation http://en.wikipedia.org/wiki/Aluminium_oxide Copper is a metal that does not react with water (H2O), but the oxygen of the air will react slowly at room temperature to form a layer of brown-black copper oxide on copper metal. It is important to note that in contrast to the oxidation of iron by wet air that the layer formed by the reaction of air with copper has a protective effect against further corrosion. On old copper roofs a green layer of copper carbonate, called verdigris, can often be seen. A notable example of this is on the Statue of Liberty. http://en.wikipedia.org/wiki/Verdigris The copper in brass makes brass germicidal, via the oligodynamic effect. For example, brass doorknobs disinfect themselves of many bacteria within eight hours.[6] This effect is important in hospitals, but useful in many contexts. http://en.wikipedia.org/wiki/Brass Passivation Passivation is the process of making a material "passive" in relation to another material prior to using the materials together. For example, prior to storing hydrogen peroxide in an aluminium container, the container can be passivated by rinsing it with a dilute solution of nitric acid and peroxide alternating with deionized water. The nitric acid and peroxide oxidizes and dissolves any impurities on the inner surface of the container, and the deionized water rinses away the acid and oxidized impurities. Another typical passivation process of cleaning stainless steel tanks involves cleaning with sodium hydroxide and citric acid followed by nitric acid (up to 20% at 120 °F) and a complete water rinse. This process will restore the film, remove metal particles, dirt, and welding-generated compounds (e.g. oxides). In the context of corrosion, passivation is the spontaneous formation of a hard non-reactive surface film that inhibits further corrosion. This layer is usually an oxide or nitride that is a few atoms thick. http://en.wikipedia.org/wiki/Passivation Edit: I suppose its possible that a surface level of dirt will increase the weight very slightly on the coins, which, in part, accounts for some of the +- tolerance in weight. Link to comment Share on other sites More sharing options...
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