Terry Lloyd's Blog, page 31

November 11, 2019

Social Test.

Trapped in a sociological situation, if you feel that there is no other option, would you fail to put into operation your moral principals? In life there may well be those testing times when you feel that your own individual view is… tested. Of course when you hear about a situation that involves moral action, it is so easy to think that without hesitation you would always do the right thing, whatever that might involve. Yet in specific instances good people from very normal circumstances, no matter what their proclaimed view of a particular belief or lack of it, will act in what might be perceived as a widely believed unconventional way.

How would you act, if short of money, you are offered a chance to take part in a social experiment and you will only get paid if you complete the task? It sounds pretty easy, as at the time of deciding you are not aware of what needs to be done. You join a group of volunteers which are divided into two. One group of participants will answer a series of questions asked by the other collective grouping. However, every time the answer is wrong an electric shock is applied to the volunteer that failed to answer correctly. The power and pain is increased for every wrong answer and this situation continues until the task is completed.

Unknown to you all the group selected to answer the questions were actors and were not actually receiving the potential ultimately fatal electric shock. This suggested scenario is based on an experiment that has taken place. In the Stanley Milgram experiment two thirds of the questioners applied the maximum shock. The interesting point rests on a significant question. Was it that the individual moral character of the one third that stopped them from completing the task, or their perhaps more nurtured and learnt, world view?

Another fact to consider focuses on how the experiment was constructed, with certain conditioning figures of authority and trust portraying a need to be obeyed stance and a feeling that the experiment was being ethically monitored.

Socially, it is easy to observe how peer pressures can demonstrate certain behaviours in otherwise differently acting individuals or how feeling as if one of the crowd has been used as an explanation for feeling less to blame or at fault. If everybody else does it, that implies there is reason, cause or instigation, or does it? It is a sobering thought that in being human there are so many influences that affect our judgement, reasoning and decision making but the final responsibility for our actions must always rest with us.
 •  0 comments  •  flag
Share on Twitter
Published on November 11, 2019 13:41

November 4, 2019

Fracking News.

At last! In the UK, there is some good fracking news! I am being slightly facetious here but truly I am very relieved about this latest, positive report. What is it? Well, it is all to do with that highly controversial form of mining, known as Fracking.

At the moment of writing this, fracking has been temporarily suspended in the UK. The day that this highly dangerous activity is banned permanently will be the ultimate time to celebrate, because as many already do know, this far from danger averse method of mining is a risky business. Certain other European countries have had the good sense to terminate their involvement of endangering the lives of their citizens.

Quite simply the experts do not fully know the likelihood of earthquakes or tremors that could be caused by drilling into the ground, then forcing a mixture of chemicals, water and sand at high pressure into the underground structure of any proposed location. The process itself has unpredictable results in not only where the chemicals end up but similarly where the gas or oil could uncontrollably surface. There is the resulting geographical stress which will be a serious problem and this is due to the size of the UK which has a smaller land mass and has more natural structural faults that can aggravate possible earthquakes.

Producing energy, is as it should be, concerned with the impact on the environment and the economy. Spending money in the most officiant way is a contributing factor to further development, involvement and sustainability issues. Could it be that it has cost the UK taxpayer over £32m and the whole project is substantially missing its target and still has no subsequent resulting fuel? The decision to stop the fracking project has been take by the government and the Prime Minister Boris Johnson. While it is believed to be an absolutely necessary measure, and it is highly commendable for the UK to have taken this particular stance, it does highlight how imperative it is for funds to be invested in the appropriate and greener, cleaner forms of energy that can give much better assurance of a better tomorrow.

Energy production is a subject that produces passion, motivation and consciousness about how we can adapt and grow. There are so many alternatives to producing energy that can simultaneously consider the health of the environment and these are apart from the more usually discussed wind, water and solar. Another majorly encouraging idea is in the development of superconductivity in the form of an initial perpetual flow of an electric circuit that can supply, through hyper low resistance, a continual supply of energy. Although the final design of this technique at the moment may not exist, the search for hyper low resistance to electric current is one example of a very positive way in more efficiently transporting and using energy.
 •  0 comments  •  flag
Share on Twitter
Published on November 04, 2019 13:08

October 28, 2019

Halloween.

Halloween is a secular celebration that happens in numerous countries. It annually takes place on the 31st of October when children are encouraged to dress up in ghoulish scary garb and perform a knock on neighbours’ door routine with a typical request of trick or treat. The time for this activity to start is usually early night-time, and usually rewarded by money or chocolates, children have become accustomed to this particular part of the occasion.

An early literary mention of Halloween is dated back to a poem by Robbie Burns written in 1785. The origins of the celebration are attributed and connected to the day of saints when it is believed that the living and the dead can mingle, lights are often placed in hollowed out pumpkins, carved to represent the spirit of Halloween.

Historically it is generally a time when children look forward to participating in the more frightening ideas of the most scary pumpkin carving competitions, ghoulishly laid out food items, Halloween parties and dressing up designs. Recent Halloween events have brought about certain controversies around age-appropriate trick or treating and crowd control at particular larger events. The activity at Halloween is all too often about light-hearted fun, however some interesting phenomena reportedly can and does take place.

It was that for a certain family during one year’s Halloween night’s celebration a several small groups of children had knocked on their door and had been rewarded for their terrifying efforts of make-up and costumes. The family home’s door was shut once more and then ensued a long gap in time, as if the night’s activity had come to an end, but just as the family believed the little line of trick or treaters had come to an end, there was a strong knock on the door. The knocking had been incredibly strong and loud. Caution is advised before opening the door to anyone but in this particular case the family checked through a side window, they felt it to be safe enough but when the door was opened there was no children in sight. In fact nobody could be seen for quite a distance. The house was situated in such an aspect so as to highlight any person or object within a certain vicinity and the family felt perplexed by the whole incident. On closing the door again, there was another loud sound, but this time of footsteps running away from the house accompanied by peels of lingering laughter. A member of the family quickly opened the door again to reveal nothing except the pitch black of the night and the rush of the wind.

All that is left for me at this time, is to say if you do celebrate it, then a Happy and Safe Halloween dear readers!
 •  0 comments  •  flag
Share on Twitter
Published on October 28, 2019 14:09

October 21, 2019

Identity.

In life there are not always that many dependable facts, but the assumed and assured point on which you should be able to rely on, is your own individuality. What a shock then to discover that another individual has not just the same as your own first, middle and last name but they also have the same identically named mother and father! It is alarming and while you, yourself know that of course even though the names are identical those people are not your actual parents, it still makes you think twice. Could there really be two of the same person out there, maybe even three or four, with such similar personal information? While the similarities in identification might stop with the identity references, the fact remains that there could be another out there with near enough the exact information as yourself. The chances of this is phenomenal but it does happen.

What if you come face to face with a look alike? Mind-blowing! Publicly notable are the many famous actors and entertainers who often have children that have a striking resemblance to their parents. Then there are identical siblings that even their own parents have trouble in identifying apart. The cute confusion has been exploited in many films and even at the climax of certain shows there is a life and death scene where someone must make a choice of who to save, the ultimate scenario of the identical good or the bad. The decision is often made but with the question hanging heavy in the air, was it the right choice and do you really know who is who?

The doppelgänger is not as far-fetched as you might think. As a situation, it is more likely than one would expect and there have been notable times in history which could have taken a drastic turn of events, if certain famous characters had not been protected by the use of a doppelgänger. Take for example, the use of such an intervention with Sir Winston Churchill and during the Second World War.

Sometimes, there is a deliberate interference with liberty, as portrayed by the fictional story from the 1840 by Alexandre Dumas in The Man in the Iron Mask. However does fact follow fiction or could it be true that on occasion certain royal characters are removed from public view. The public identity stolen from them or forced captive with no chance of their liberty.

The theme of a look alike is used extremely well by the American author Mark Twain in 1881 when in Canada there was the first publication of his interesting story about identical identity confusion in that of The Prince and The Pauper. Coming from vastly different backgrounds the two boys also had contrasting different sense of values. The true prince was arrogant and cruel, where as the pauper had traits of kindness and generosity. The fictional story was set in 1547 and the main characters were King Henry the Eighths’ son and a boy from Pudding Lane in London who had an abusive father. They happened to look identical and then the plot unfolds.

In 1894 Anthony Hope published a novel entitled The Prisoner of Zenda. In order to keep his potential position as king of Ruritania a look alike had to take his place, as he was unable to attend his own coronation.

Identity is such a precious thing, the idea of losing control of who you are is the source of multiple science fiction stories and films, such as the Body Snatchers and the Stepford Wives. Identity is part of what makes us human and the most frightening nightmare is trying to prove you really are who you say you are.

While literature or films can provoke and mystify our notions of identical possibilities, real life has the greatest potential threat of all, with the increase of Alzheimer’s as a progressive deterioration of mental awareness. The slow loss in recognition of who you are can be truly terrifying. Fortunately many efforts are being made to halt, slow or find a solution for many of the debilitating mental conditions that can rob people of their sense of who they are. Identity remains one of the most profound ties that people have to their own individual traits and even that of backgrounds in history.
 •  0 comments  •  flag
Share on Twitter
Published on October 21, 2019 12:21

October 14, 2019

Forms of Entertainment.

Sometimes just to be able to appreciate the range of variety and scope within what different types of art and entertainment has to offer, it is both a fun and necessary objective to review some of the most enjoyable artistic memories already experienced. Very dependent on individual perception and interpretation, entertainment can vary greatly, according to what makes it a positive experience for you! However to kick things off I would like to mention a few of my favourite entertainment or artistically-defining memories, the gems that glisten the most brightly for me.

When you think about forms of entertainment you might not primarily come up with public speeches. Filled with sentiment and often public objective, speeches come in all modes of gravity and Sir Winston Churchill's fight them on the beaches for me hits a particular chord of human endeavour. The speech was not meant for entertainment purposes but arguably it is hard not to accept how this one set of powerful words captured the hearts of a nation and instilled a stimulation for motivation in multiple mindsets.

Poetry can be very divisive. There are those in the artistic fields of entertainment who dispute that certain examples are indeed true forms of poetry at all, but personally if it encompasses aspects of human life, then very usually it can evoke feelings and meaning for me. Poetry can be a useful albeit sometimes brief allusion to the greatest emotive experience-based emotional stirrers, life enhancing and insightful, these forms of entertainment range from the tearful funny moments of Pam Ayres able to amuse with, They Should Have Asked My Husband, to the more sombre The Raven by Edgar Allan Poe.

Music is undeniably emotive. It has been used in many classic films such as Alfred Hitchcock’s Psycho and illustrates how music can make a language, one that enlists fear or happiness, builds our sense of anticipation and even stirs our feelings of engagement to a story’s context. Nothing perhaps paints this picture for you better than when venturing into the water, I find it impossible not to have a foreboding flash of the sound effects used in the film, Jaws. Now, why would that be?

Opera is for me like a Pandora’s box and should be approached with care as once the lid is raised I am likely to be whisked into a never ending series of outstanding performances such as melodrama,
tragedy, rage and love. The tenors voice soft and melodious gathers pace into a heart-wrenching crescendo only to be followed by a silence of moving emotion, then furacious applause, which provides with it a message of this is what life is for, and love it or not opera does operate with an intention to move emotions through this particular form of historically and contemporary noted entertainment.

Musicals, as the name implies, are the embodiment of sound supported by colour and movement. Physical action and various artistic modes of storytelling all blended to transport the onlooker into the world of make believe. Being able to engage in the ever-changing scenarios of life is almost always an intrinsic part of this form of entertainment. Clapping, toe-tapping and tear-jerking though they can be, ponder a few of your favourite musicals and you might well agree.

Pantomimes although often seasonal are infectious and even though, based on similar themes, continue to enthral the audience with the encouragement to participate in the action of the performance. Can anybody not help but join in with the much loved reply of “he’s behind you!” to the all too familiar calls of “where is he?” Then follows a series of Oh No He Isn't and Oh Yes He Is, and before you know it, this form of entertainment has you swept up in a whirl of familiarity and enthusiasm.

The printed word fixed and physically unmoving has within the form, the power to move and entertain. Through the media of television and the acted out written word, classic sketches such as The Two Ronnie's do an admirable job of conveying both overt and more concealed intentions for creating mirth. Faulty Towers, One foot in the Grave and many others in this realm of sitcom entertainment explore the boundaries of humour and very life-like everyday situations.

Memories are an important part of reliving enjoyable situations and are a great way of reminding oneself about the power of laughter and enjoyment. Comparing the forms of appreciated and popularly accepted art over certain periods of time and thinking about what is acknowledged as entertainment can be incredibly revealing. Laughter has always played a huge part in entertainment and in many forms it can be this aspect which resonates most with the audience. Being able to find humour and happiness through pleasure in that of the everyday or more unique examples is in actual fact a vital form of being able to contribute towards being healthy in both mind and body. Having a happier mind can in turn influence our bodily health and each can be incredibly stimulated by the external stimuli and forms of entertainment that surrounds them. So, the next time you stop to appreciate something that makes you think, smile or even laugh, remember that you are doing both your mind and body a positive favour!
 •  0 comments  •  flag
Share on Twitter
Published on October 14, 2019 11:36

October 7, 2019

Individual Morality.

Morality, it’s one of those momentous and meaningful words isn’t it? Defining, impactful and certainly not one for the faint-hearted you might think… but hold on, halt the palatable pressure and re-think those weighty thoughts because I would like to touch upon this topic with a sense of individuality.

Individual morality can be the stuff of age-old, intense debate and yet it is a truly, timely fascinating area of thought which applies to not only how we behave but why we act in the way we do. The subject of morality is broached often with words such as objective or subjective and when this happens automatically introduced are notions of associated worth. Everybody has their own moral compass. An individual outlook on the right and wrong, even the grey areas can be categorised according to individual interpretation.

It is from an early age that people are confronted with this concept of do or do not, go there or stay away and whether this is from cultural, societal or interdependently taught beliefs, hard to get away from is this sense of individual responsibility, obligation or recompense.

It is a fact that in a courtroom scenario in order to decide whether an action is morally right or wrong it is necessary to be fully aware of the outcome before an informed and supposed moral judgement can be made. That fits the heading of subjective as the judgement is being made by an individual and the great point is moral judgement can be the reverse or a varying shade of scoped morality according to the circumstances, as they can change according to individual factors. Objective moral rules are ideally impersonal and inflexible, but when applied to individual examples even the laws or policies built upon such premises can be viewed in different ways and thereby have different outcomes. Appeals are born out of this kind of individual variation on principled thought.

There are some world views that can appear to monopolise objective moral values as fundamental proof. Arguing that without a particular world view it is impossible to know right from wrong can be difficult to substantiate. People make subjective moral decisions all the time and this includes deciding if rules and laws are ethically or morally right. This is part of how society theoretically develops into a more advanced moral force for good. Civilisation has been for thousands of years managing to decide and debate on what is right and wrong.

A moral judgement can be made about many things, including the strength and apt quality of any set objective moral values. A good moral compass depends on understanding the consequences of actions involving other people and a wider implication of interaction can start at an early age. Moral issues can be complex and the right judgement can, more often than not, never be found by blindly following a set of rules. Empathy and well being are important considerations when coming to a moral decision of the best action.

Authority of a majority is not always right dependant upon individual integrity, historical relevance or a particular set of circumstances. Being human means that progress can be hard fought and earned. Sometimes with hindsight it is learnt that a better moral action should or could have taken place and with a sense of understanding, wisdom and greater depth of perception, the better choice can happen next time.
 •  0 comments  •  flag
Share on Twitter
Published on October 07, 2019 15:50

Individual Morality.

Morality, it’s one of those momentous and meaningful words isn’t it? Defining, impactful and certainly not one for the faint-hearted you might think… but hold on, halt the palatable pressure and re-think those weighty thoughts because I would like to touch upon this topic with a sense of individuality.

Individual morality can be the stuff of age-old, intense debate and yet it is a truly, timely fascinating area of thought which applies to not only how we behave but why we act in the way we do. The subject of morality is broached often with words such as objective or subjective and when this happens automatically introduced are notions of associated worth. Everybody has their own moral compass. An individual outlook on the right and wrong, even the grey areas can be categorised according to individual interpretation.

It is from an early age that people are confronted with this concept of do or do not, go there or stay away and whether this is from cultural, societal or interdependently taught beliefs, hard to get away from is this sense of individual responsibility, obligation or recompense.

It is a fact that in a courtroom scenario in order to decide whether an action is morally right or wrong it is necessary to be fully aware of the outcome before an informed and supposed moral judgement can be made. That fits the heading of subjective as the judgement is being made by an individual and the great point is moral judgement can be the reverse or a varying shade of scoped morality according to the circumstances, as they can change according to individual factors. Objective moral rules are ideally impersonal and inflexible, but when applied to individual examples even the laws or policies built upon such premises can be viewed in different ways and thereby have different outcomes. Appeals are born out of this kind of individual variation on principled thought.

There are some world views that can appear to monopolise objective moral values as fundamental proof. Arguing that without a particular world view it is impossible to know right from wrong can be difficult to substantiate. People make subjective moral decisions all the time and this includes deciding if rules and laws are ethically or morally right. This is part of how society theoretically develops into a more advanced moral force for good. Civilisation has been for thousands of years managing to decide and debate on what is right and wrong.

A moral judgement can be made about many things, including the strength and apt quality of any set objective moral values. A good moral compass depends on understanding the consequences of actions involving other people and a wider implication of interaction can start at an early age. Moral issues can be complex and the right judgement can, more often than not, never be found by blindly following a set of rules. Empathy and well being are important considerations when coming to a moral decision of the best action.

Authority of a majority is not always right dependant upon individual integrity, historical relevance or a particular set of circumstances. Being human means that progress can be hard fought and earned. Sometimes with hindsight it is learnt that a better moral action should or could have taken place and with a sense of understanding, wisdom and greater depth of perception the better choice can happen next time.
 •  0 comments  •  flag
Share on Twitter
Published on October 07, 2019 15:48

October 1, 2019

Relationships with Animals.

Astounding, perplexing, remarkable or unique, one of the hot topics of conversation and a true heartfelt subject for many in the United Kingdom and in many other countries, is that of the relationship between different animals and humans.

Culturally and historically many of the relationships with animals, particularly those of the four legged variety that we know of today, played a huge part in the ingrained lives and lessons of many populations. Skills about thriving and surviving in specific environments, balancing out social needs and even basic compassionate benefits have come from looking at and living with multiple animal counterparts. Roughly between 27000 to 40000 years ago dogs split from wolves and later a form of mutual welfare developed into cohabitation between canines and humans, a strong bond which has in many cases strengthened and of which instances are in existence to the present day. Dogs can be extremely potent examples of humans and animals working in a brilliant unison. Already law enforcements are taking up the benefits of working with these animals, skills which include utilising the dogs phenomenal sense of smell for searching out and identifying substances. The dog has potential for defence and security unlike that of a human and several times the dog has shown unquestioned devotion and tenacity in carrying out these duties. The most outstanding feature of the relationship between that of human and dog is the depth of emotional bond that can develop over time, one that surpasses conventional language.

When people think of having a dog there is a fascinating process involved in matching the right dog to the right people. In general, different breeds of dog display characteristics that are particular to that type of breed. Obedience, energy, intelligence and temperament are all factors that are involved in selecting the right match. Most interestingly psychology plays a huge part in these parings of dog and family hence there always should be a getting to know you session before a final decision can be made and the knowledge achieved that the right choice has been made.

Health-wise, dogs play a vital role as support for various ailments, such as dogs for the blind, people with hearing issues or individuals with restricted mobility. These dogs can become integral helpers and assistance to those who they aid. Physical demonstrators of the help that they can give, many studies have proven that emotionally people have benefited from having an animal carer. Giving in some cases, a new lease of life to an owner who might have previously felt depressed or disillusioned. A medical dog or assistance animals can provide a lot of love, fun and a sense of purpose for now and the future. A more recent development in specifically trained dogs has been the ability to detect serious health issues. Through a keen sense of smell, dogs have not only been able to locate areas of illness in people but they have gone on to highlight this in bringing the problem prone issue to the attention of an owner through repeated licking, barking or sniffing at the affected area. This one skill has been a lifesaver for many individuals and hopefully far more in the future.

There is no limit to the emotional connection between man and various species of animals including amongst many that of birds, reptiles and fish. Even spiders and insects have the human devotees which have a passion for them, although I am reminded of the Crocodile song by R E Slater which goes, Don’t be taken in by his welcome grin he is only imagining of how well you would fit within his skin. Never smile at a crocodile.

The first meeting of man and horse was that of prey and predator some 50000 thousand years ago. At that time, food was the driving force for what in time would change into man’s love affair with horses, an animal bond that can be traced back over 6500 years. Indeed legend dictates that one famous Roman Emperor did force the senate of that time to recognise his marriage to his horse. It has been expressed that there can be no greater feeling than the unspoken communication of rider and horse, as has been shown through many examples of animal and human relationships, they are united in their endeavour of freedom and achievement.
 •  0 comments  •  flag
Share on Twitter
Published on October 01, 2019 11:24

September 23, 2019

Mental Welfare.

Becoming aware of your mental health is as important as considering any physical health requirements. Not totally gone, but distant are the days when speaking about such mind-related matters where thought of as associated to stigma or taboo. Mental health disorders and the recognition of them are a growing part of everyday life. As a community and indeed a wider society, there needs to be an honest and positive approach to tackling the issues that can otherwise silently debilitate or wrongly marginalise.

Thankfully, as a subject, the paramount importance of the issue of mental health has recently been focused on. There is still a lot to be aimed for and achieved but highlighted has been the topics of particular examples of mental health trauma. Experiences of possible embarrassment or isolation are amongst many of the problems that mental welfare can face. Often in a rushing about, busy and bustling lifestyle, mental health symptoms can be brushed aside or even ignored. Avoidance to talk about any mental health problem is not the best course of action because it can lead to it getting worse. At a time when serious associated life-altering experiences have been noted in specific gender, age or vulnerable categories, it proves that mental health is something that can influence and ultimately affect anybody. It has to be taken seriously, because only then can the potentially harmful consequences be avoided.

Training and stimulating the mind can be useful strategies that could alleviate and even change the eventual mental state of anybody who practices them. In improving your ability to cope, understand and experience mental health disorders, this can enable the ability to live a far more fulfilled life. A major problem in many instances is in recognising a mental health issue and the fact that action is necessary. Take for example, a situation whereby mentally talking to yourself is perceived perfectly normal until for some reason subconscious feelings start to undermine the normal balance of reason. Symptoms of this could result in repeatedly recalling memories or words that are damaging to the self-esteem, which over time could develop into a progression to self-harm.

Acknowledging that you have a mental health concern can be the first step to a feeling of freedom from it. The treatments can range vastly depending on what the exact mental welfare issue might be and the aid of a councillor or professionally trained diagnosis can enlighten about what course of action could be best suited.

Mental Welfare is undoubtedly a wide and ranging area but hugely significant in that of a sense of wellbeing. In certain experiences of mental wellness and in that of a sleepless night scenario, constantly disturbed sleep patterns and vivid nightmares could mean that the mental health of someone can, if left untreated, significantly diminish. Responses to these issues can vary and in certain cases could mean that talking it out to an appropriate person solves or at least provides the tips to resolving the problem long-term.

Medication is not a method that applies to every aspect of treating mental health, for some it does not compliment or aid their recovery. In recent treatment plans, increasingly alternative cognitive therapies are being implemented. In fact, many techniques used to enable individuals a better sense of mental health can be a means of engaging or establishing creative skills. No matter what your age, the mind has been notably exclaimed to be a storehouse of pleasure and delight. Imagination is the key to unlock so many vistas of beauty and contentment, being able to use and direct the subconscious mind to focus on happy and enjoyable scenarios, can be a very uplifting and productive response to previously debilitating or limiting mental health conditions.

There is much positivity, not just for the individual but for society, which can be achieved by applying a little thought about the welfare and happiness of others. Taking action to help others or ensuring that they can attain the proper assistance, if needed, is a constructive way of refocusing the true value of life.
 •  0 comments  •  flag
Share on Twitter
Published on September 23, 2019 10:42

September 15, 2019

Money Wise.

Negatively toned headlines might grab attention, but I believe that the substance should count for more than the style of any piece of writing. If it adds knowledge, promotes thought or helps people become more aware, then that is my kind of article and at a time when it is hard not to notice the multitude of not so cheery twists and turns in the news, I thought that it would be nice to make a note of something more positively motivated.

It might be of great importance for many people to realise that money is not always meant to be taken at face value. What do I mean by this? Well, being money wise, might just save you an awful lot in the financial sense but it can be a real time, energy and effort saver too!

Can I interest you in a souvenir, a monetary memento, which can impress upon you the great legitimacy of a certain event and reflect an associated financial value? To this end, commemorative coins sound a great idea and all is fine until one tries to use, what appears to be, a perfectly good form of legal tender. Most retail shops are not set up to honour the status quoted on the coin and decline to accept these type of coins and much to the dismay of many people who have bought these coins in good faith, their efforts to find an establishment in which to cash them in, have been to no easy avail.

How about the financial institution that issued the many denominations of commemorative coins to the pubic in the first place? Interestingly, some outlets refuse point blank to accept them and others attach conditions, such as something of equal or greater must be purchased, for the legal coins to be accepted.

There can be conflicting advice and information about retailers, outlets and branches, according to their particular regulations of acknowledging or even recognising the legal tender coins. There is a further risk involving the commemorative coins and that is although not often stipulated, they can lose a real exchange value. A market operates on the willingness to buy and sell at any given price and that price depends on supply and demand. How helpful should it be considered, if reportedly the Bank of England has actively sent out memos to banks, stating that they are not obliged to accept commemorative coins. Potentially this means a situation could arise whereby if banks do stop taking commemorative coins, the only avenue of exchange would be private money dealers. This of course is an arguably slippery slope to devaluation of the coins, as supply could become greater than the willingness to buy at the proposed face value.

Another imperative fact is trying to establish the value of precious metal coins. Clearly the purchase price paid for the coin must be substantially greater than the exchange value, allowing for a profit for the retailer. A possibly attractive advertising job is to catch the interest of the purchaser and subsequently never give enough information as to the true exchange value of the coin. Buyer beware could not be a more wise notion or as apt than for commemorative coins.

Rare coins and notes do have a greater value than the ordinary, everyday exchange use. Misprints, errors or for various other reasons, such as in a recent misaligned head and tail for coins, can allow for extremely high prices to be paid. Mistakes in the printing process for bank notes or even specific, special print runs can be a means for money wise motivated purchases or lucrative time-dependant transactions. If you are fully aware of the potential commercial basis on which you are buying into the money industry, then there can be some sound investments to be made for the future. Being money wise though, is the key.
 •  0 comments  •  flag
Share on Twitter
Published on September 15, 2019 17:15