Tuesday, December 13, 2011

12/13/11 Report - Gold Ring Symbols, CT Scanning & Teething Dollars

Written by the TreasureGuide for the exclusive use of treasurebeachesreport.blogspot.com.

Beach Find.

The gold ring shown above appears to have some interesting symbols on it.  At the base of the heart inside the intersection of the two circles is a cross.  If anyone recognizes the design, I'd like to hear from you.

Wouldn't it be nice to take a good look inside all of the conglomerates and other mystery objects that you find?   The scan man at the Smithsonian has a job that allows him to do just that.
He's scanned many of the Smithsonian's holdings.  

I'd love to have either an x-ray machine or a CT scanner.   Looking into old finds could keep a person busy for a long time.

Here is a link to read more about the new CT scanner at the Smithsonian.

The price of gold is now in the mid $1600 range.   That is down about $250 per ounce since it's high around $1900. 

I once stumbled onto a bunch of Susan Anthony dollar coins in the shallow surf.  I could never figure out why or how anyone would dump a roll of dollar coins in the ocean, or even on the beach. 

The Anthony dollars still show up once in a while.   Better than a penny, but I don't know that I've ever seen one in circulation.  Some people must hold on to them.

Post offices across the country passed out large quantities of the dollar coins, and the Defense Department tried to force service personnel stationed in Europe to use the coins in place of paper dollars, but the experiment collapsed because most foreign countries will not exchange their currencies for coins.

I just read the following about the frequency of early holed dollars and don't think I buy it.

Here is what an article on a numismatic web site said.  One credible reason given is that the coins were used as “teethers” for babies, since they were too large to be readily swallowed. A rather expensive toy back in the days when a dollar was a dollar. Of course, after the baby had outgrown the need, the string was removed and the dollar went back into circulation, little the worse for wear, other than the hole, which didn’t detract from its face value.

That just doesn't sound believable to me. 

On the way to the beach the other day I noticed a newly cleared lot that I wanted to check out.  As a result I won't be on the beach today to give a report of current beach conditions.
Just watching the weather and looking at the surf web site predictions, I wouldn't expect anything much different from what we've been having for the past few days.

I'll leave it at that for now.

Happy hunting,

And silver is down to around $31 per ounce.  That is down about 25% since hitting it's recent high.

You never know where it will go next, but a lot of people are thinking the down trend will continue for a little while.