[meteorite-list] Fwd: Re: (AD) Republic of Palau Nantan Coin

From: drtanuki <drtanuki_at_meteoritecentral.com>
Date: Tue, 19 Dec 2006 02:31:51 -0800 (PST)
Message-ID: <379712.32014.qm_at_web53215.mail.yahoo.com>

 
> Dear List,
> The Palau $5 Nantan coins were minted in Bavaria,
> Germany by the Mayer Mint under contract from the
> Coin
> Invest Trust of Liechtenstein. The total mintage of
> the coin was 2,500 pieces.
> I have located four coins with mint errors (two
> within my collection). I have one that I would be
> willing to sell. I was able to track down about 1/2
> of
> the mintage to check for the same error.
> One problem that is common with the coin is super
> glue droplets that have corroded the proof surface
> due
> to a chemical reaction between super glue and
> silver.
> So, I suggest that before you purchase one of the
> coins to look it over carefully for corrosion spots.
>
> The "glue" problem will become a bigger problem once
> the coins start to age and a tone develops. The
> meteorite is not likely to cause a problem because
> only iron shale was used and iron rust is not very
> reactive as it has already been oxidized.
> The coin has a few design problems that I will not
> discuss in detail.
> Overall a nice coin to add to your collection. Of
> the 20+ dealers that I checked with the price is
> between 50-125$ per coin.
> Best Regards, Dirk Ross...Tokyo
>
>
> --- MexicoDoug <MexicoDoug at aim.com> wrote:
>
> > Hello listees, Merry Christmas and happy holidays
> to
> > everyone,
> >
> > If you really want to keep abreast of the Palau
> > coins, there is a quite
> > beautiful series I'd like to recommend. The
> > particular 1993 kicked off the
> > series (well there was an uglier one in '92) with
> a
> > sexy and nice outer
> > space conservation theme (a cool color coin):
> >
> >
> http://www.numis-gallery.com/images/PALAU-93-NEW.jpg
> >
> > Palau, a small country between the Philippines and
> > Hawai'i with an area
> > smaller than Los Angeles has just over 20,000
> > inhabitants who depend
> > principally on tourism and subsistence
> agriculture.
> > While the country is on
> > the US dollar standard, I would be interested in
> > knowing whether the $1
> > meteorite coins ever even passed through any of
> the
> > Palau islands, or if
> > they are the product of a continental
> > entrepreneurial Asian mint gift shop?
> > Most of the coins can be found for $30 to $35
> > retail, as proof coins and
> > commemorative uncirculated coins are generally not
> > introduced into
> > circulation. As you can see, on eBay, they can go
> > for $20-$25 or Buy-It-Now
> > for around $27.50, though some are now unavailable
> > from the original
> > distributors with the Palau concession.
> >
>
http://cgi.ebay.com/eBayISAPI.dll?ViewItem&item=280052767328
> >
> > For the quality and the reputation of Palau as a
> > purveyor of fine metals, I
> > would suspect that you will have good long term
> > results - provided they were
> > made through the entrepreneurial venture of coin
> > dealer Martin Weiss' Los
> > Angeles based PandaAmerica company which is
> > basically an aggressive (and
> > quite successful) marketing company setting up the
> > production and handling
> > the marketing of these never-intended for
> > circulation 'on request' souvenir
> > projects.
> >
> > Weiss' company deals with the China mint and Asian
> > private mints to makes
> > award medals, and commemorative coins in hope of
> > eking out greater profit
> > margins over bullion value or making it pretty
> > enough to convince gift shop
> > clientelle to splurge for an attractive product.
> (A
> > plain and simple
> > collectible, in the latter case)
> >
> > I'm thinking the Nantan coin would have a run of
> > 20,000-50,000, which is
> > typical for the Palau/PandaAmerica production
> runs.
> > It is quite possible
> > that the coin was minted in China under good QC
> > standards with freshly dug
> > Nantan, and then shipped to Los Angeles. That
> would
> > be an interesting
> > connection on why this particular meteorite was
> used
> > instead of one enjoying
> > greater collector stability acceptance. If anyone
> > knows about this on the
> > list I'd appreciate the inside story.
> >
> > Weiss's company might give some wholesale pricing
> on
> > these coins for anyone
> > so inclined. If you don't like Nantans, I foresee
> a
> > future of Harvey Awards
> > struck on meteoritical metal. Everything is done
> at
> > reasonable price, just
> > email Peter for a quote at PandaAmerica.com.
> >
> > For the collectors among us, you might also
> > complement your enjoyment by
> > checking out some nice mint stamps, which are
> > definitely stable unless you
> > lick them - and have very pretty meteorite themes.
>
> > Like the comet crashing
> > into Jupiter, AH meteorite, or the Jilin meteorite
> > shower. These can be had
> > for a fraction of the cost of coins and are very
> > nice, and you can even have
> > fun checking for mistakes. Check out this link,
> for
> > example (I don't know
> > what regular postage costs). For under a dollar
> > plus postage you can get a
> > great AH stamp issue, and there are plenty other
> > economical options. They
> > are all suitable for framing and arty for the
> > holidays!
> >
>
http://store.coolstamps.com/endeavor/search?s_q=meteorite&quick=1
> >
> > Philatelica-numismatically yours,
> > Doug
> > PS Many of Palau's commemorative coin sales
> support
> > token contributions to
> > natural conservation themes to help justify buying
> > them at over 30 times
> > their face value. Does anyone know how much, if
> any
> > is being offered to
> > what charity or fund, for sales of these meteorite
> > coins?
> > PPS Please buy Dave's Palau-Nantan conservation
> kit
> > at $29.95 and support
> > the meteorite community:-) I have to admit, I
> liked
> > Hans' $5 Campo Sky
> > coins better and they were carved from 100% etched
> > meteorite. I believe
> > Dave's kit is potentially useful with them, too.
> >
> > ----- Original Message -----
> > From: "Dave Carothers"
> <david.carothers at verizon.net>
> > To: "Thomas Webb" <webbth1 at yahoo.com>;
> > <meteorite-list at meteoritecentral.com>
> > Sent: Monday, December 18, 2006 11:37 PM
> > Subject: Re: [meteorite-list] (AD) Republic of
> Palau
> > Nantan Coin
> >
> >
> > > Let me be the first to say that I will be
> offering
> > for sale, a Republic of
> > > Palau Nantan Coin Repair Kit.
> > >
> > > Te kit will contain several fragments of the
> > nantans meteorite and a tube
> > of
> > > Super Glue. Cost is only $29.95. Shipping is
> > extra.
> > >
> > > Dave
> > >
> > > ----- Original Message -----
> > > From: "Thomas Webb" <webbth1 at yahoo.com>
> > > To: <meteorite-list at meteoritecentral.com>
> > > Sent: Monday, December 18, 2006 11:33 PM
> > > Subject: [meteorite-list] Republic of Palau
> Nantan
> > Coin
> > >
> > >
> > > > Dear List,
> > > > Given the proclivity for rusting in Nantans,
> > what is
> > > > the likelihood of the Nantans in the Palau
> coins
> > > > deteriorating?
> > > > Thomas
> > > >
> > > >
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> > > >
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Received on Tue 19 Dec 2006 05:31:51 AM PST