Real Wealth #301 09/06/2011
Don't miss the next issue of Gold and Energy Advisor: The Coming European MeltdownDear Subscribers,
The response to last weeks offer of $20 Saints in MS65 and MS66 condition as well as the number of people interested in buying The Alexander the Great Mint State Stater I described - was over whelming.
I'm almost out of the $20 Saints and will need to jump on a plane for the next national show to replace what I have sold. Even though gold is rising fast I am holding prices on my $20 Gold supply to give you the best deal possible.
I may not be able to replace the Alexander Stater for months and months but if you're looking for one for your portfolio please let me know immediately so you're the first to be offered any coin I acquire. I love those coins! They're so undervalued in my opinion.
Meanwhile I did take a punch in then nose this morning from Numismatic Guarantee Corporation (NGC) the completely independent grading service that grades Ancients.
I purchase an amazing Phillip II Gold Stater at the Chicago ANA (Alexander the Great's father). The coin under very close examination is DEFINITELY MINT STATE and as such extremely rare. But NGC graded the coin Choice Almost Uncirculated STAR.
Still an extremely rare coin in very rare condition most come in VF and XF condition, most have been harshly cleaned and most have lines and scratches if not graffiti. Extra fine examples bring anywhere between $4,500 and $7,500 and almost uncirculated coin bring $8,500 to $12,500 in auction or at a major rare coin convention.
I've re-examined this amazing coin and all I can say is NGC is being so conservative that they are grading many Mint State coins Choice Almost Uncirculated with a star. I'm seeing this over and over again. They are not in my opinion applying the same grading standards they are applying to U.S. Coins and as a result I was robbed again. Honestly when a coin has no wear or contact marks its Uncirculated.
This Phillip II gold Stater would easily be worth $14,500 in Mint State Condition. In Choice Almost Uncirculated Condition with a Star the coin is worth in my opinion at least $12,500. If I cracked the coin out of the NGC holder and consigned to a major Ancient Auction the coin could bring closer to $14,500 than $12,750 but I bought this coin right and making it available at a bargain price.
I've decide I'd like to place this coin with someone willing to hold it for a few years and when it comes back try to get it into the Mint State holder it belongs in. So its available for $9,750 to the first person who calls me or my gold specialists at 1-866-697-4653. It's a wonderful opportunity to buy an amazing coin that I think is under graded!
Here's a picture of the coin in the NGC holder...
Here's a small write up on Philip and his life. Imagine this coin is over 2300 years old and is amazing pristine condition.
Philip was the youngest son of the king Amyntas III and Eurydice I. In his youth, (c. 368–365 BC) Philip was held as a hostage in Thebes, which was the leading city of Greece during the Theban hegemony. While a captive there, Philip received a military and diplomatic education from Epaminondas, became eromenos of Pelopidas, and lived with Pammenes, who was an enthusiastic advocate of the Sacred Band of Thebes.
In 364 BC, Philip returned to Macedon. The deaths of Philip's elder brothers, King Alexander II and Perdiccas III, allowed him to take the throne in 359 BC. Originally appointed regent for his infant nephew Amyntas IV, who was the son of Perdiccas III, Philip managed to take the kingdom for himself that same year.
Philip's military skills and expansionist vision of Macedonian greatness brought him early success. He had however first to re-establish a situation which had been greatly worsened by the defeat against the Illyrians in which King Perdiccas himself had died. The Paionians and the Thracians had sacked and invaded the eastern regions of the country, while the Athenians had landed, at Methoni on the coast, a contingent under a Macedonian pretender called Argeus. Using diplomacy, Philip pushed back Paionians and Thracians promising tributes, and crushed the 3,000 Athenian hoplites (359). Momentarily free from his opponents, he concentrated on strengthening his internal position and, above all, his army. His most important innovation was doubtless the introduction of the phalanx infantry corps, armed with the famous sarissa, an exceedingly long spear, at the time the most important army corps in Macedonia.
Philip had married Audata, great-granddaughter of the Illyrian king of Dardania, Bardyllis. However, this did not prevent him from marching against them in 358 and crushing them in a ferocious battle in which some 7,000 Illyrians died (357). By this move, Philip established his authority inland as far as Lake Ohrid and the favour of the Epirotes.
He agreed with the Athenians, who had been so far unable to conquer Amphipolis, which commanded the gold mines of Mount Pangaion, to lease it to them after its conquest, in exchange for Pydna (lost by Macedon in 363). However, after conquering Amphipolis, he kept both the cities (357). As Athens declared war against him, he allied with the Chalkidian League of Olynthus. He subsequently conquered Potidaea, this time keeping his word and ceding it to the League in 356. One year before Philip had married the Epirote princess Olympias, who was the daughter of the king of the Molossians.
In 356 BC, Philip also conquered the town of Crenides and changed its name to Philippi: he established a powerful garrison there to control its mines, which granted him much of the gold later used for his campaigns. In the meantime, his general Parmenion defeated the Illyrians again. Also in 356 Alexander was born, and Philip's race horse won in the Olympic Games. In 355–354 he besieged Methone, the last city on the Thermaic Gulf controlled by Athens. During the siege, Philip lost an eye. Despite the arrival of two Athenians fleets, the city fell in 354. Philip also attacked Abdera and Maronea, on the Thracian seaboard (354–353).
Involved in the Third Sacred War which had broken out in Greece, in the summer of 353 he invaded Thessaly, defeating 7,000 Phocians under the brother of Onomarchus. The latter however defeated Philip in the two succeeding battles. Philip returned to Thessaly the next summer, this time with an army of 20,000 infantry and 3,000 cavalry including all Thessalian troops. In the Battle of Crocus Field 6,000 Phocians fell, while 3,000 were taken as prisoners and later drowned. This battle granted Philip an immense prestige, as well as the free acquisition of Pherae. Philip was also tagus of Thessaly, and he claimed as his own Magnesia, with the important harbour of Pagasae. Philip did not attempt to advance into Central Greece because the Athenians, unable to arrive in time to defend Pagasae, had occupied Thermopylae.
Hostilities with Athens did not yet take place, but Athens was threatened by the Macedonian party which Philip's gold created in Euboea. From 352 to 346 BC, Philip did not again come south. He was active in completing the subjugation of the Balkan hill-country to the west and north, and in reducing the Greek cities of the coast as far as the Hebrus. To the chief of these coastal cities, Olynthus, Philip continued to profess friendship until its neighboring cities were in his hands.
Philip II gold stater, with head of Apollo.
In 349 BC, Philip started the siege of Olynthus, which, apart from its strategic position, housed his relatives Arrhidaeus and Menelaus, pretenders to the Macedonian throne. Olynthus had at first allied itself with Philip, but later shifted its allegiance to Athens. The latter, however, did nothing to help the city, its expeditions held back by a revolt in Euboea (probably paid by Philip's gold). The Macedonian king finally took Olynthus in 348 BC and razed the city to the ground. The same fate was inflicted on other cities of the Chalcidian peninsula. Macedon and the regions adjoining it having now been securely consolidated, Philip celebrated his Olympic Games at Dium. In 347 BC, Philip advanced to the conquest of the eastern districts about Hebrus, and compelled the submission of the Thracian prince Cersobleptes.
In 346 BC, he intervened effectively in the war between Thebes and the Phocians, but his wars with Athens continued intermittently. However, Athens had made overtures for peace, and when Philip again moved south, peace was sworn in Thessaly. With key Greek city-states in submission, Philip turned to Sparta; he sent them a message, "You are advised to submit without further delay, for if I bring my army into your land, I will destroy your farms, slay your people, and raze your city." Their laconic reply: "If". Philip and Alexander would both leave them alone. Later, the Macedonian arms were carried across Epirus to the Adriatic Sea.
In 345 B.C., Philip conducted a hard-fought campaign against the Ardiaioi (Ardiaei), under their king Pluratus, during which he was seriously wounded by an Ardian soldier in the lower right leg.
In 342 BC, Philip led a great military expedition north against the Scythians, conquering the Thracian fortified settlement Eumolpia to give it his name, Philippopolis (modern Plovdiv).
In 340 BC, Philip started the siege of Perinthus. Philip began another siege in 339 of the city of Byzantium. After unsuccessful sieges of both cities, Philip's influence all over Greece was compromised. However, he successfully reasserted his authority in the Aegean by defeating an alliance of Thebans and Athenians at the Battle of Chaeronea in 338 BC, while in the same year, Philip destroyed Amfissa because the residents had illegally cultivated part of the Crisaian plain which belonged to Delphi. Philip created and led the League of Corinth in 337 BC. Members of the League agreed never to wage war against each other, unless it was to suppress revolution. Philip was elected as leader (hegemon) of the army of invasion against the Persian Empire. In 336 BC, when the invasion of Persia was in its very early stage, Philip was assassinated, and was succeeded on the throne of Macedon by his son Alexander III.
Don't let this amazing Phillip II gold Stater pass you buy. It's a wonderful coin worth every penny. Consider adding a few MS65 and MS66 Saints as well. Gold has already stabbed over $1900 today to a new record price.
Editor and Publisher
P.S. The next issue of the Gold and Energy Advisor is one of the most important you'll ever read. It will explain why we're going to see the European Banking system meltdown and plunge the world economy in to a much deeper recession and monetary crises. We may be only a few months away from a disastrous chain of events.
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