Leaderboard

There's a battered 1855 FID 3 colon dots been listed on ebay this morning, as a £10 BIN, if anyone's after one as a filler. coastalcoinsuk

As I see it, the fundamental, initial assumption behind investment in Bitcoin was that it will become “money”. People have then speculated on its continued price rises. By “money”, I mean “a generally accepted means of exchange”. I think to become a “generally accepted means of exchange”, people would also need to value it also as a “store of value” (otherwise, a chunk of people will not accept it in exchange - so it won’t become “money”). I don’t believe it will ever be a “store of value” as unlike other money it has no value aside a means of exchange (as gold can be put in teeth; even fiat money can be used to settle tax liabilities) - except evidently as a means of speculation. This absence of value aside its use as means of exchange (except for speculation) means (unlike gold and fiat) it can (in theory) have zero value. As a purely speculative instrument (not “money” and not “store of value”), I expect it will test that zero value one day.

Oh, but has he performed well in tests?

No reflection on your particular example, but is the HALP a genuine variety? It always looks as though the upper and middle serifs of the F have met due to some die irregularity. To my eyes it looks nothing like the P in PENNY.

I don't blame them. Yes, there is big money to be made through crypto, but even after reading the book, I get the feeling it's a very risky business. Possibly invest small sums to see how it goes? Trouble is, for those who have capital savings, the usual safe haven of a building society ISA is increasingly a loss maker with pathetic interest rates and rising inflation. Thus ongoing real terms depreciation of cash holdings. Best to invest in something else - maybe gold via the Royal Mint. Has a great track record over a long period. Property if you have the money, but you'd be buying in an overheated market, and buy to let seems somewhat deleterious to the interests of landlords these days. That programme "Nightmare tenants, slum landlords" is enough to fill any potential landlord with horror.

I wonder who 'Marshall' was?

Hi CA, that’s basically just a jump in the die, causing a part of it to be double-struck. The A under V will be a bit of the W. If you look at the tops of the III’s you’ll see they’ve rotated too. Not rare or valuable, for me it makes it less desirable, though some out there rather like the miss-strikes. It’s actually not a bad little coin, keep enjoying it!

To add to my rant (and clarify) - without a value aside speculative value, there is nothing for the market to peg a value to. My sense is this will prevent crypto attainting price stability - critical for a store of value and so for money. And so the original investment assumption was flawed. In other words, It is a tulip not gold. You are welcome, Elon.

Did anyone see the price that pennies fetched in the Stacks-Bowers sale ? Very high grades but unbelievable prices. See 1927 and 1895 pennies: https://auctions.stacksbowers.com/lots/view/3-UTMAO/great-britain-penny-1927-george-v-ngc-ms-66-red https://auctions.stacksbowers.com/lots/view/3-UTM0A/great-britain-penny-1895-london-mint-victoria-ngc-ms-66-red-brown