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March
2020
BREXIT - coin and stamp
issues.
As all will realise, BREXIT has been the main topic of
conversation in the UK for a year or three, and the FOR and AGAINST
debates have effectively torn the country apart, and created a wave of
political instability, with leaders coming and going etc, as a result of
it all.
This isn’t the first time the Royal
Mint has made a Brexit coin - in fact, it’s third time lucky. They had
originally planned for 1,000 prototype coins to be launched on 31 March
2019, but this was later pushed back to the exit date of 31 October.
However when Britain again failed to successfully leave, the coin was
put on hold.
The Royal Mint in the UK finally issued a coin on Janaury
31, 2020, to mark the leaving of the European Union by the UK. The
nominal 50p face value coin was placed in normal circulation of course,
and for 50p, or about $A1, you can readily buy one there nationally.
However the Royal Mint also made 3 special proof coin
versions - in Gold, Silver and Unc Proof versions, in cute little
boxes. As always these are very expensive to buy. And sell well as
family souveniers of a major event. The Gold and Silver proof versions
are shown nearby.
Same day sell-out at
£945!
Demand was so high, the Mint introduced a queueing system to even get on
its website. A limited edition, two-coin set - with a historic 1973 50p
marking the UK's accession into the European Economic Community, and a
new 2020 50p, marking the withdrawal from the European Union - also sold
out. Priced at £30=$A60, some 5,000 sets of those were produced.
Royal Mint also strictly limited purchases of the Silver Bullion Proof
versions of the Brexit coin, priced at £60, to three per household. That
one also sold out super fast, on the day of issue I understand, and to
me at least, seemed far better value for money. Time will tell.
I’d far rather own 15 of those in the same kind of classy box, than one
Gold Proof version!
Very classy Royal Mint packaging.
The Gold Proof version was offered at
£945
by Royal Mint (near $A2,000) and 1,500 sets were made. They sold out
on the first day of being offered - so who said the UK econony went
into a tailspin due to BREXIT! The Silver Proof sets also sold out near
as fast.
The Silver version, produced in a
“Limited” edition of 47,000, sold for £60. The nice box for that is
shown nearby, and is near identical to box on the Gold version. The
brilliant uncirculated version, being produced in a basically unlimited
run, can be snapped up for “just” £10. Who said there was no
profit in being a Government Mint!?
10 million coins
circulated in UK.
However, people do not have to pay
silly money to get hold of a 50p Brexit coin, as standard versions of
the coin also entered circulation across the UK. Around 3 million of
the commemorative 50p pieces entered banks, Post Offices, and shops
nationwide from 31 January, with a further 7 million filtering into
circulation later in 2020.
How are your English
Grammar Skills?
There was considerable controversy over the punctuation
on the wording on the non-monarch side of the coin. Many English
language pedants and experts, believed there needed to be an “Oxford
Comma” in the inscription, i.e. inserting a comma after the word
“Prosperity”.
For those who aren’t experts in formal English
punctuation, (like me!) an “Oxford Comma” is used in a list after
the second last item. For example: butcher, baker, and candlestick
maker. Many other examples were given of where this is usual
correct formal usage.
Debate raged on in the English Media.
tinyurl.com/50pBrexit
is the stampboards discussion on all this, with far more detail. My
firm view is that as there is not a full stop/period at the end, it does
not constitute a formal sentence anyway, which needs to have that
feature to qualify, so commas are all moot.
A very discreet Royal Message?!
Queen Elizabeth’s private thoughts on this many year
BREXIT saga are not publicly known of course, as is normal Royal
Protocol. However in some circles it is alleged she insisted this new
image shown nearby be used on the reverse of each coin, to silenty pass
on her inner thoughts! I have not seen a 50p coin so cannot comment.
AUSTRIA Snubs the Brits leaving.
When I first saw an image of the attractive Austria
postage stamp shown nearby, I thought it was some kind of lampoon or
spoof artwork, and done by someone with a sense of humour. (Plenty of
British “remainers” have not accepted the current political
realities, and create such things to stir up fellow Brits!)
Near all stamps from
Austria from the first issues have been inscribed
Österreich
on the stamp
of course, not AUSTRIA, and history shows us virtually no
issues from this century have been exempted, making one think at first
glance it was certainly some kind of joke issue, arted up by someone for
an office laugh etc.
Britain alone, and adrift at sea!
It shows the island of Britain all lonely and adrift,
surrounded by a circle of dark blue coloured neighbours - the EU
colours, now floating all alone in the North Sea. Even the date of
Britain “leaving” has been crossed out and re-entered, as clearly
even the Brits could not agree on anything for ages.
However this image was not a parody, or a clever
photoshop creation, or some politicial joke - it is a real postage
stamp, issued by Austria on January 31! I kid you not. The face value
of 1.80 Euro is the current postage rate for non EU
foreign letters, a futher not very discreet dig at the UK.
I was eeerily reminded of the famous China 1968 8f Stamp
issue, that showed another “Renegade Province” Taiwan, shown in
WHITE, abutted by Mother China in RED, not Blue! They were frantically
recalled when authorities saw them, and today sell for $100,000s each
- literally. The EU might like to reflect that over a Half Century on,
that Renegade Province has still stayed well outside the fold!
Taiwan is another “Renegade Province”!
One well known English dealer, Ian Billings of Norvic
Stamps in Norfolk UK, labelled The Austria stamps as a hoax, and stated
on stampboards - “I
suggest this is nothing more than a spoof, and if it exists, then it is
a fantasy issue.”
To be honest when I first saw it, I could not believe any European
country Government would issue such an image on a stamp.
140,000 Austria stamps sold fast.
tinyurl.com/BrexitStamp
is the detailed discussion on this issue. It was widely
speculated they would be reprinted due to the instant sell-out, but it
appears that will not be occurring.
Austria Post quickly sold out of all 140,000 of these
Brexit stamps it seems clear. 1.8 Euro is a little under $A3 face
value. The authoritative Bloomberg financial services news network, had
this report below outlining their background –
Lemming Heaven on eBay as usual.
So what price do such things cost? As always in life,
rushing into things can be a financial disaster. As you can clearly see
nearby. Ebay of course was flooded with these issues, and the
“Barrrhginnn Huntaahrr” lemmings all stampeded in, paying insane
prices as usual for things, that in a year, they will be licking on
mail.
One seller alone SOLD these 2 items
shown nearby for about $A65 for a single stamp (way over 30 times face!)
and near $200 with post for the common 50p coin version - close to 200
times face. I kid you not - these were “Buy It Now”
prices and some goose(s) cheerfully really PAID that! Many similar
sales were made.
tinyurl.com/BrexitStamp
has more discussion on this kind of Bunny
madness and examples.
A couple of British born clients asked me to
get them in a sheet to keep for fun, so I have. Have a few vertical
half sheets 25 left, with imprints on all 3 sides, at $A6 ($US4) per
stamp. Perfect #1 Hagner sheet size or stockbook etc. (Stock 792JP) A
beer or coffee costs that here, so not too pricey. If they are not
reprinted - as I really thought they would be, they may dry up soon
enough!
As with all this kind of speculative
madness, prices will not stay at the $A70 a stamp level, and as you can
see, I can sell them already at under 10% of that! “Fools Rush In
……” etc. $A65 for a single stamp, plus post = $A70,
is quite insane. If they were reprinted the market would suffer, but
that seems unlikely right now. Who knows.
I wish these idiots would make more productive use of
clearly owning far too much money - like donating some of it to the
stampboards Bushfire Appeal! They could have bought one of several
donated GB 1840 1d Blacks etc for that silly money. The Stamp Community
has come to the fore and already donated about $12,500 to
this superb cause - can you add to that? -
tinyurl.com/FiresOz
Buy stamps, and directly DONATE funds!
Oz Readers CAN assist disaster donations by walking into
their Post Offices and buying a sheet (or sheets) of the new $1.10
booklet panes of 5 different new die cut
“DISASTER”
stamps. Each $5.50 sheet sees Australia Post donate $2
to the relief funds. So mail your letters or ebay sendings out this
year etc, and actively support those in REAL need.
$2 of each goes to those in need.
Australia Post produced 100,000 panes of 5, and they come to POs in a
“cheque book” bound at sides, of 20 panes in each - i.e. $110 cost
price, and $40 of that purchase goes immediately to relief work -
wonderful idea for Business to support. A lot more detail, in date
sequential order, on this clearly rushed and rather confused new issue
is here -
tinyurl.com/DisasterAP
Please use
these on YOUR outward mail.
The actual First Day Of Issue actually appears to have
been Friday February 14, (eBay sellers had sheets on sale before
that day even, with scans taken from actual sheets) but various parts of
AP were officially stating an issue date of Tuesday February 18 for some
reason, despite it being clear some sheets were on sale well before
then, so it seems obvious Australia Post itself does not know what the
sequence was here.
Might be
worth tucking some away?
Nothing is surer that if only 100,000 sheets of these
attractive die-cut new stamps exist globally, they will sell out pretty
fast, as $200,000 will be donated by Australia Post to Charity. EVERY
small business in affected areas will I am sure be franking mail with
these stamps. Complete mint sheets may not be retained in great number,
and might be worth tucking away for a modest punt?
One of Australia’s very scarcest FDC’s.
They are attractive issues, using a special die-cutting “knife”
simulating a stylised map of Australia, that was I understand created
working closely with Cartor Security Printers, in Paris. The special
Australia Map style die cutting is also used in the recent MyStamp
personalised stamp issue series etc.
All stamp collectors realise that stamps depict HISTORY as it
happens, and 2020 is no exception to that! Politicians come, and
politicians go, but their decisions live on, for better or worse, and
stamps and coins outline and document such things.
Britain leaving the EU now seems (almost!) assured, well as
assured as anything can be in such matters in the UK, and whilst Britain
so far has issued no stamp issue to mark their looming EU departure, the
Royal Mint did issue a special 50p coin earlier this year.
Instant “Heirlooms” in a box!
Around one million coins had to be melted down, until a new exit date
was confirmed after the general election. No idea what kind of cost is
involved in the design, trials, production and destruction on that
scale, but I am sure we are talking MEGA bucks just for the last
debacle.
Clare Maclennan, director of Commemorative Coins at the Royal Mint said
in explaining why these special BREXIT coins were released -
“The Royal Mint has been marking significant events in
British history for over 1,000 years, and has a history of commemorating
the UK’s relationship with the EU through coinage.”
“Austria had planned
a stamp to commemorate Britain’s departure from the European Union, but
when the presumed deadline of March 29, 2019 - came and went, with no
Brexit, the postal service found itself with 140,000 stamps bearing the
wrong date. Fast-forward 10 months, and as Britain finally heads for
the exit, Austria is releasing the stamp - with the original date
crossed out and “Jan. 31, 2020” is printed just below.
The stamp shows the remaining 27 members of the European Union in deep
blue, while the United Kingdom is printed in a transparent, light blue -
a shadow, so to speak. The stamps have a denomination of 1.80 euros,
the price for sending a standard-sized priority letter to overseas
destinations - something Great Britain isn’t considered. Yet.
The stamps are available in a handful of Oesterreichische Post AG
branches and its online shop. It wasn’t immediately clear if the
operator had retained some sheets in their original state, without the
overprint - creating a new variety for philatelists to fetishize over”
the Bloomberg
newsfeed concluded.
Stampboards member “Allanswood”
- Greg Allan of Goulburn NSW, bought such a “cheque book” of 100
stamps to use on his business mail on February 14, which appears to have
been the issue date of the stamps, despite AP being rubbery on that
detail.
Greg created a few sets of five attractive cacheted “FDC” on that date,
and they were backstamped at another PO, and as official FDCs from AP
will never be offered or sold, they will be VERY nice items in
the future, as few knew about this issue until well after February 14.
He kindly scanned me a high resolution image of the cover of the pane of
5, and that was used on the front cover of the March 2020 Edition of
“Stamp News”. Few emergency” issues like this appear
from AP - they generally plan issues a year in advance, and this clearly
caught them on the hop.
As all collectors of FDC want to be 100% COMPLETE, sets of 5 on FDC will
be certain stars of the future, as Australia Post will not be offering
any to standing order clients etc, as this was an emergency short term
issue. Details on it here -
tinyurl.com/DisasterAP
Allanswood
generously offered to the Bushfire Auction, a set of 5 x
cacheted FDC he printed out quickly, all cancelled at Goulburn NSW, Feb
14, and backstamped at a different PO on Feb 14. It comes with copy of
his PO purchase receipt of February 14. This is the only set of genuine
cacheted FDC I am aware of, and am sure serious FDC collectors will bid
it into 3 figures, especially seeing every cent goes to Charity.
Australia Post Group Chief Executive Officer and Managing
Director Christine Holgate said her organisation’s heartfelt thoughts
were with the countless Australians and communities who have been so
harshly affected by the recent natural disasters. “The Post Office is
a vital part of the local community, particularly in rural and regional
Australia, and we are committed to doing everything that we can, to
support our communities in their recovery.” |
Only 100,000 sheets available globally.
The special release stamp sheets of 5 retail for $5.50
each, and were technically only available from 18 February at
participating Post Offices, while existing stocks last. Australia Post
Customers wishing to make any further donation to the Red Cross, can of
course do so over the counter at any Post Office. |
Kangaroo Stamp Bonanza coming soon.
Phoenix Auctions in Melbourne Australia
advised me this week that they will auction off on May 29, the fantastic
Large Gold Medal mouth-watering exhibit of the Australia Kangaroo and
Map stamps, formed by Peter O’Rourke, who exhibited widely. |
The unique inverted “OS” overprint.
One is the 1932 CofA watermark 6d Brown Kangaroo with
“OS” overprint inverted, shown nearby. I remember being at a Sydney
stamp dealer meeting in 1985 where local member, the late Jim Jude of
Northway Stamps near me, showed it to fellow dealers, to get their
thoughts. |
Official Printer patching repair.
Now and again patching in a substitute stamp or stamps
would be done quickly by printer in this “Waste Not” Great
Depression era, and it was hence inserted upside down. No big deal on a
sheet of normal 6d brown, as it can be replicated or faked, but if that
sheet was selected for overprinting, clearly the overprint got
INVERTED on that one stamp. |
This selvedge is worth $180,000+!
Another unique in collector hands item in the O’Brien
sale, is the £2 First Watermark 1913 Kangaroo “JBC” Monogram
single shown nearby. I was photographed holding it in New York, at the
$A7.15m Arthur Gray Kangaroo sale I flew over for in 2007, at Shreves
Auction Galleries. |
“Be careful of the coffee cup!”
The stamp had a bit of foxing and a crease
along the watermark line, but being unique that does not really matter!
Auctioneer Charles Shreve was VERY nervous that I did not drop this
$177,000 stamp into my coffee, when the photos were being taken - as he
had not been paid for it yet!! Caption on top margin single £2 Roo - Apparently unique in private hands. |
Apparently unique in private hands.
Another interesting and stated unique item is the 1913 £2
Kangaroo shown nearby, top marginal, with small OS perfin. I have never
seen this stamp offered before that I can recall, and indeed often
wondered whether one existed in private hands. |
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