John Key 2-24/2389 |
Martin Everett
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Medal
http://www.dnw.co.uk/medals/auctions/rostrumauctions/auctioncatalogue/results.lasso?SkipRecords=50&Auction=Medals 23 Sep 11&action=Browse Entire Catalogue&MaxRecords=50&ViewOptions_ShowThumbnails=1 |
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_________________ Martin Everett Brecon, Powys |
peterw
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Details as follows:
http://www.dnw.co.uk/medals/auctions/rostrumauctions/auctioncatalogue/lotdetail.lasso?auction=Medals+23+Sep+11&I'd=1539&lot=82
The medal to Pte Dunbar struggled at the last auction so it will be interesting how this one fares. Peter |
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peterw
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Hammered at �24,000 - cost nearly �30,000 with commission and VAT.
Peter |
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peterw
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I can't get very excited by Key.
Dunbar, by comparison, was an absolute steal at roughly the same price. I know which one I would rather have. At this level, prices are determined by who wants one. Dealers will be reluctant to spend �30,000 on stock, add a mark-up, and possibly have the medal sitting in the shop window for six months. But for the collector/investor earning 0.1% interest in the bank, why not buy a medal and enjoy being the custodian as well as, potentially, getting a better return on your money. Peter |
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peterw
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Now for sale at Stanley Gibbons.
Price is �38,0000. Whether they get it is another matter........... http://www.stanleygibbons.com/stanleygibbons/view/product/sgproductcatalog/210844/210876/210893/SG746026 Peter |
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Dewi Evans
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peterw,
I think you can buy it for less than that : �38,000! Kind regards, |
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_________________ D W Evans |
Peter Ewart
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�38,000 for a single RD defender's SAGS!!! What would that mean for some of the others? By this definition, there will be some campaign medals of other RD defenders worth �50,000 - �100,000 or more, which I'm sure can't be right. But what do I know about medal prices?
Given the present economic situation, perhaps the 1877-79 campaign medal is the "new gold"? Should we all be putting our pennies into medals such as this? It's certainly a change from the daily doom-laden bulletins on the yield of Italian government 10 year bonds! Peter |
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peterw
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Stanley Gibbons is offering medals as an "investment" asset class alongside coins and stamps. Their stock consists of classic actions or gallantry medals, a number of which have been bought recently at auction for what have been high prices compared to previous examples sold. Stanley Gibbons then add their own mark-up before offering the item(s) for sale. Some of the stock is truly wonderful.
In my view, very few medal collectors will pay the price asked by Stanley Gibbons because they will have been aware of the auctions and had an opportunity to bid. Compared to recent sales of Rorke's Drift Defenders' medals, there is no way that Key's medal is "worth" �38,000. Whoever buys it at that prices may well have great difficulty recouping their money if they needed to sell in the next few years. But to an "investor" willing to tie up money in the medal for the next 10 years - and have the pleasure of ownership in that period - it may be an attractive proposition. Peter |
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Peter Ewart
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The prognosis for the economy - the world's, not just GB's - might suggest that far fewer people will have large disposable sums available for medal collecting over the next 5 or 10 years or so, unless investing in a medal purely and simply for long term financial reasons - risky, indeed. If the much-feared economic armageddon does come to pass - and I, for one, don't see how it will be avoided (altho' obviously hope I'm wrong!) - then I suppose none of us will be able to afford to buy medals as we'll all be wiped out.
On the other hand, by then their value will be back down to 1879 levels (about one euro?) and we'll all feel like Lord Ashcroft! Can't help feeling Stanley Gibbons will catch a cold with this policy. Peter |
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peterw
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A regional medal dealer is renowned for his ambitious prices. Consequently when he appears at medal fairs his stock is known as the "travelling museum" due to the lack of change.
Peter |
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John Key 2-24/2389 |
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