Silver Saturday

[Triggersmob]

Sorry to hear about your Mrs. One thing I've definitely learned and that is Life is not fair.
Good people can have the worst things happen. And assholes can prosper.

When we first started going out I said that the government won't be able to afford paying a "pension" for everyone so we planned that there would not be one. We'd never qualify now, but I'm okay with that. That is what superannuation is supposed to be. A way to alleviate government burden. If people work enough, then no one will get the pension. The problem with all our governments is they don't give people an incentive to avoid being on the pension. In fact they penalize you if you aren't.

I think the government should give young people a superannuation bonus when they first start work. Maybe $10,000 or $20,000.
Imagine what that would grow to after 40+ years compounding in the super fund. Would save them a lot of money at the other end. 
A quick calculation at 8% return on $10,000 would grow to $217,000.

[gweidion]

I think the government should give young people a superannuation bonus when they first start work. Maybe $10,000 or $20,000.
Imagine what that would grow to after 40+ years compounding in the super fund. Would save them a lot of money at the other end. 
A quick calculation at 8% return on $10,000 would grow to $217,000.

That isn't a bad idea but it would add massively to the already ridiculous government debt. When they wrote up the constitution they should have included that government borrowing for anything is illegal and anyone suggesting it gets charged with treason and is shot.

Plus there is an economic argument that you are missing. None of us will be rich if there aren't any poor people. 
Let me explain.
Bread is about $4 a loaf, some dearer some cheaper. It is around that price because bakers can make a profit and pay their bills, buy their own homes etc. If bread was say $100 a loaf how much would they sell? Not a lot. There would be people who could afford that with no problem but it would hurt the average wage earner and those below the poverty line.
So if everyone had 10 million dollars, how much would bread be a loaf? Closer to $500 because EVERYONE can afford it and everything else would be much dearer so bakers would have to charge that much to keep in business, everything else costs heaps more too. They have all their bills to pay. No baker is going to sell bread at $4 if they can get $500 because everyone is paying it.
Same thing happens if everyone has lots of superannuation. If everyone retired with say ten million dollars then no one is wealthy. Everything costs more.
I'm skipping over the bits about supply and demand to make things simple. There is only so much supply and demand is driven by necessity and price. We all have our own margin of utility, what we are prepared to pay for something. A lot of that is driven by disposable income.
Think of countries with runaway inflation, you get paid at lunchtime and have to go to the shops to buy food because by the time you finish in the afternoon everything is twice as dear.

[Triggersmob]

Yes, I see what your mean. Oh well, back to the drawing board.

[Tanecoins]

You both are way ahead of me. I have nearly 700 ounces in silver and 14 ounces of gold mostly bought in 2023/24 and have missed the silver boat as silver plummeted to $75 today (American time really Friday), but its already back to $84.

However I refuse to get the dole and having autism means I have no employment and haven't since early 2023 and my last meaningful full time job in 2010 (16 years ago). I get no income and have a safe nest egg of $150k which gets around $300 interest a month (Which stays in the balance). I have around $20k or cash. This year I intend to ind a job, failing that go on welfare.

I had house equity until my partner died and the family trust offered me 1st option, but I did not have all my gold and money then and thus had to sell the house. I have had to rent for the past 2 years and thats $500 poorer each week before the bills. So at this rate I will be broke by 2030. Selling m coins may get me to 2035 when I will be 59.

My Mum died at 53 and my Dad at 61, so my chances of getting old are low. I am 3 months off 50.

This year I will have to go on welfare and get disabled job help to help me work as realistically I am long term unemployed and no one will look at me in this job climate, coupled with the endless flow of 3rd world migrants to do the jobs people like me would traditionally do.

I don't like welfare, but I don't want to squander my savings and assets on living expenses. I have haemorraged nearly $100k in 3 years so far.

[Tanecoins]

But this weeks silver coin for you, not as grand as usual. But interesting and beautiful

[attachment=4236][attachment=4237]

A Greek drachma from 1911, one of the last silver ones. The coin shows King George I when he was in his 70s and had been king for nearly 50 years. 2 years later he was murdered by an anarchist and Greece would never see such a stable or brilliant king ever again.

Its the last of the good times basically.

[Triggersmob]

That silver crash was painful to watch. Lost nearly AUD$50 per ounce.

A very lovely old coin Tane, thanks for sharing.
This is the only silver coin I have from Greece. It's 1960 20 drachmai.
It uses a similar design on the reverse. Sorry, I don't have a pic of the obverse on file.
https://en.numista.com/6010

[Tanecoins]

Yes that coin was a silver coin issued in 1960 and the only modern circulating silver coin of Greece. It was only issued for circulation in 1960, it was 26mm in size and was .700 or something silver. It was issued in a Proof set in 1965, but otherwise was a note and only reissued in 1973 as a large cupronickel piece.

It got smaller in 1976 (The Pericles one with temple), the size of a 20 cent piece.

My pieces for last week and this one - 1963 a commemorative 30 Drachma was released for 100 years of Glucksberg kingship and the misfortune to be issued the year king Paul carked it.

[attachment=4238][attachment=4239]

The lovely coin, 34mm in size and 18 grams of 90% silver showed the 5 kings on one side, and the map of Greece on the other.

In 1964 came a smaller 12 gram silver coin of the marriage of the new king Constantine II and his wife, a princess of Denmark and Queen Margarethe's wife (None of these Greek momarchs, were Greek entirely white Germano/Dano Europeans, although they were Orthodox (Converted)

[attachment=4240]

In 1967 the King was overthrown and the monarchy ended in 1970, yet he stayed on coins until 1973!

[Triggersmob]

2 very nice examples Tane. The 30 drachma is very intricate in design.

[Triggersmob]

One of my favourite coins is this silver proof 1969 Order of Malta 9 Tari, mintage 3000.
https://en.numista.com/36368


It comes in a 2 coin set with this 1969 Order of Malta 10 Grani, which is bronze ,mintage 3000
https://en.numista.com/35958

[Tanecoins]

Very nice, they actually used the old Knights of Malta money denominations. 10 grani was 10 x grains or 3.333 farthings or 0.83 of a penny as a Grano was that tiny 1/3 farthing coin used in Malta. Love the designs, the 9 tari is the paschal lamb of God.

Also rare for you mister, both sides of the coin shown!

[Triggersmob]

Very nice, they actually used the old Knights of Malta money denominations. 10 grani was 10 x grains or 3.333 farthings or 0.83 of a penny as a Grano was that tiny 1/3 farthing coin used in Malta. Love the designs, the 9 tari is the paschal lamb of God.

Also rare for you mister, both sides of the coin shown!

Thanks for that info Tane.

Until today, I did only have a pic of one side. I took new pics today, just to post here.

[Tanecoins]

Really time to revive this puppy and lets show some Australian bling.
Here is an upgrade of my 1936 Florin, I already had a fairly nice VF one, but this is a AU/g EF one.

Look at this beauty and because its 1936, incredibly affordable, costing me just $150 Kiwdollars which is about 33 Australian cents at the moment :taunt:

[attachment=4243][attachment=4244]

This coin begs to be seen with natural lustre and almost undetectable rubbing.

[Triggersmob]

Nice upgrade Tane.

[Tanecoins]

Here's a different silver coin for this Saturday, not the super crown its already been shown.

This is a Mexican Peso from 1866 during the ill fated rule of Maximillian (Maximilliano), he was a younger brother of the Kaiser Franz Josef I of Austria (And name sake of a famous glacier in my country) and thus was a Habsburg. After numerous wannabe Emperors and General Santa Anna, Mexico had one last roll of the dice with some imperial dude calling the shots. A group of conservative Mexican Monarchists went to Europe to make him emperor.

[attachment=4254] [attachment=4255]

It was an unmitigated disaster, his rule was propped up with French forces who withdrew after rebellions and a possible American invasion after the civil war. Also the emperor had angered his supporters and gave Indians and poor people more rights, which angered the white upper classes. Also Benito Juarez had been in open rebellion against him and republican mexicans saw him as a foreign invader. In 1867 he was caught and executed by Republicans.

The reign produced some stunning coins though! These pesos (26.74 grams) and half pesos along with a sublime gold 20 pesos

More about him here -  https://en.wikipedia.org/wiki/Maximilian_I_of_Mexico

[Triggersmob]

Nice coin Tane, and thanks for the history lesson.