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To: Don Lloyd who wrote (21645)	7/25/2002 9:14:56 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

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To: Don Lloyd who wrote (21645)	7/25/2002 9:34:38 AM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

Don, here's the article from the Münzenmagazin, with half an hour of my time spent on fixing the Babelfish english. I did not get very far, but I do hope, it is of some help. PM me if there's more questions. regZ dj ------------------------------------------------ The golden euro takes off to the high-altitude flight Is the success history of the gold-Mark to be still over-bid? This rhetorical question we asked in our last edition and came to conclusion, that the gold euro probably has the right stuff for it. But that the first euro-gold coin in Germany would take of at such a furious pace, even the most optimistic market connoisseurs did not expect: Still before the first edition the rare gold coins went for the double to three-fold of their IPO price on the InterNet and on other exchanges. This time everything was different than with the gold-Mark. As it is well known this first gold coin of the Federal Republic of Germany and at the same time the last to be denominated in D-mark currency was sold via national central banks and caused in the summer 2001 long queues in front of the money houses. Within fewer hours were the available pieces sells off, the increase in value began. Whoever got still another "parting Mark" later to the issue price or with a little price-up, he must have reserved long in advance and also had simply luck. Because not everyone, who booked in advance, did get finally the gold-Mark. Some banks and dealer had to run lotteries among their customers. The edition was simply too small, was everybody’s opinion. But what does small mean? One million copies have after all been coined. This is an absolute world record in gold coin emissions. And nobody believed this success storsy could be topped. Gold euro takes off to the high-altitude flight The gold euro tells us a better. The much smaller edition than in the case of the goldmark - 500,000 pieces at 100 euro and only 100,000 pieces at 200 euro denomination – made the coins even more desirable to collectors. more With auctions therefore the collecting tanks over-bid themselves already before the first edition and partly paid for a later "guaranteed supply" 400 euro and more for the smaller and over 1700 euro for the complete couple from 100 and 200-Euromuenze. On the lot luck or an official dispatching these collecting tanks obviously might not have relied. Too small the chance appeared to them to get one of the desired pieces to the issue price. Also large dealers got only much to small contingents assigned, so that also they could supply the few of their customers. All must now buy on the secondary market pieces in addition, which are naturally marked up appropriate. Why a still smaller edition than with the gold-Mark, that oversubscribed in the first place? When the Federal Government decided the expenditure of the coin in the autumn 2001, it did not assume without reason that there would be special effects "due the parting Mark". Means: There were also numerous amateurs, which bought and kept the gold coin as a memory piece . Therefore one, thus financial undersecretary of state Cajo Koch Weser in an interview with German coins the magazine, decided with the gold euro a lower edition, around the "collecting tank market not to make excessive demands of". The height of the edition seemed thus justified from view at that time absolutely. The Federal Government proved estimation by sight and not from greed for as high a mintages as possible be led to let itself. High increase in value potential That the euro was accepted however by the population in so short time and with the coin collecting tanks proper euro-euphoria caused, thus even the largest optimists could not count at that time. And still is correct, even if it may annoy some a Erstbesteller empty gone out first: Better a smaller edition with high increase in value potential is to be had, than a coin of that gives it so many that it finally lands again in the melting furnace. Strictly limited editions only give, as is well known, the coin collecting the right taste Euphoric press reports On 6 May, the picture newspaper reported three days before the official first edition: "gold euro sells off. They are drawn by lots from the advance bookings." And the "Süddeutsche Zeitung" had a headline: "attack on the first euro-gold coins". The runs, it is called in the renowned supraregional daily paper, is oversubscribed already several times, "... a rapid increase in value draws already off ". Criticism at the number of copies does not permit the Federal Minister of Finance however. The "South German one" quotes acorn with the words: "a too large edition would have affected the recent German gold coin market negatively, because the increase in value chances substantially from the number of copies attach." Gold euro becomes the "favourite of the investors" In the restaurant economics of the "Frankfurt general newspaper" the euro was the favourite of the investors "the prognosis under the heading" in gold becomes that these coins will be worth "soon a multiple of their issue price". It is called literal in the "FAZ": "who one of the first German gold coins which are expressed in euro ergattern will, can themselves on a strong increase in value be pleased already now. Still before the distribution price conceptions, those circulated the issue price around the three to quadruple ones exceed. according to data of gold dealers at the market " And further: "is not certain so far, who gets like many coins... Possibly to that surprisingly in addition, it contributed high demand that many look around bad stock exchange times for alternative investments of funds." Enormous demand for gold Euros The press agency Reuters, whose report is published by many newspapers, radio and television, wrote: "enormous demand for euro-intending coins in gold". In the contribution it means: "the demand of the coin friends is as largely that is not certain yet at all, as the 600,000 coins on the more than 1.5 million orders to be divided is." The Federal Government is pleased about the large positive response. "it shows the interest in holding coins", risen by the euro-cash introduction, was called it in the Treasury. With the expected profit the national debt is to be reduced. FAZ: Germany in gold fever A whole special side dedicated the Frankfurt general Sunday newspaper at the beginning of May to the topic coin collecting. Under the large heading "Germany in gold fever" (by the way a quotation of the DMM editor-in-chief Wolfgang Erzinger) summarizes the outstanding FAZ: "coin collecting comes again into mode. The change from the D-mark to the euro aroused new interest." Hard money lost nothing from its fascination for the Germans. It is called literal in the FAZ: "the euro-introduction left a wave of the Sentimentality to the turn of the year weighed again, connected with a proper run on the last goldmark. As in the weddings of the share boom the coins published by the Federal Bank had to be assigned. Who got one of the one million pieces, made a great deal." The complete article in GERMAN COINS the MAGAZINE, edition July/August 2002.