We are living in interesting times. The economy has problems and the experts cannot decide whether we are seeing a recovery or experiencing the proverbial dead cat bounce. Politics has gone berserk as the 24-hour news cycle cannot make heads or tails of the events in Washington as they watch the sausage making process of how to deal with 17-percent of the gross domestic product.
Collectors may have thought that we could withdraw into our world of numismatics and ride out this storm. The economy may be bad, but a creative collector can find other ways of enjoying the hobby. But this might now be the case.
From online forums to printed publication, there have been stories of collectors not being treated well by dealers. Stories have ranged from ignoring people at shows to dealers being rude in their own shops.
Queensland, Australia.The Rare Coin Company is poised to set yet another world record when it bids to acquire the very first Australian Commonwealth Banknote ever printed, the 1913 Ten Shilling note.
Rob Jackman, the Company’s founder will attend the International Auction Galleries auction at the Sofitel Hotel Gold Coast in Queensland on Sunday 9th of March 2008 from 3pm. It is estimated that the banknote is valued at $1.3 to $1.4 million dollars and that the auction will attract a number of major coin dealers and private collectors.
If successful, this will be the second time in less than four months that The Rare Coin Company has set a new world record for the price paid for an Australian banknote at public auction. In November 2007, the Company paid $1,223,250 dollars for an Australian 1924 George V One Thousand Pound banknote, which was sold at auction by Nobles Numismatics in Sydney.