Saturday, June 22, 2019

6/22/19 Report - Cache Hunting and Finds. Paper Money and Fancy Serial Numbers Having Value.


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

Cache Hunting Book by H. Glenn Carson.
Cache hunting is a lot different from hunting coins on a beach.  Depending upon the type of cache hunting you are doing, you might come back with nothing a lot of the time, but if you hit find a cache, it can hundreds of coins or other objects all at once.

One of the things I like about cache hunting is that you can find paper money as well as coins.

One of the challenges is that your metal detector ID meter won't be a much help a lot of the time.  It isn't going to read pot of coins or bag of paper money.  And a lot of the time you'll have to sift through a lot of junk, metal and otherwise.

You don't have to find a ghost town to hunt caches, they can be found a lot of places, including back yards, and maybe even your own house.  You might be surprised how often people hide valuables and forget about them.

There are also more broken down abandoned buildings than you might suspect.  Sometimes they are hidden in overgrowth and sometimes there is little to indicate that they ever existed.

I've reported on a lot of cache finds in this blog.  Most were accidental rather than specific targeted caches.

Here is a very small part of one Florida cache find made by one of the readers of this blog.




Anyhow, Glenn's book is the only one I know of about cache hunting.  There is a newer addition (Cache Hunting II).  There must be some by other authors, but I don't know of them.  There isn't a lot of useful information you can find on the topic in general.  You almost have to have a specific cache in mind, otherwise it is very general.

Glenn used to write for at least one treasure magazine, as well as authoring a lot of books, and for a while, I think it was in the 80s, published a treasure hunter's newsletter.  We communicated on a couple projects.

He once put together a group that invested in a Mexican silver mine.  That turned out to be a scam and people lost money.  I know there was talk of people suing, but I don't know who was the defendant or whatever became of that.

I've reported on a few caches found by readers of this blog in the past.

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Serial Number 82882228
I enjoy checking the serial numbers of my bills.  I haven't been doing it more than a few months, and this is one of the better ones I've found, even though it isn't worth much.   The serial number is 82882228.  Some people call any serial number with only two different numbers a binary.  Others only consider a serial number with only 1s and 0s to be a binary.  I've seen a few with two numbers like that offered on eBay for around ten dollars.

It would have been better if it was a radar or repeater, ie 88222288 or 82828282.

Checking serial numbers is really easy, although the valuable ones are surprisingly rare.  Condition is important.  This bill is limp and worn.  That isn't what serial number collectors want.

Of course older bills and silver certificates occasionally show up and can be valuable.

The more leading zeros you have on a currency, the higher the value will be. 

Serial number 00000001 – 00000009, most valuable
Serial number 00000010 – 00000099, always carry a premium
Serial number 00000100 – 00000999, could carry a premium
Serial number 00001000 and higher will rarely be worth more than face value


I've seen 00000001 serial numbered bills listed for tens of thousands of dollars, but the odds of finding one are very long.

If you are interested in old US bills or fancy serial numbers, here are some web sites to check.


http://oldcurrencyvalues.com/low_serial_numbers/



https://www.papermoneywanted.com/one-dollar-notes-values


http://oldcurrencyvalues.com/binary_serial_number/


http://www.mycurrencycollection.com/reference/star-notes/lookup


https://www.moneyfactory.gov/resources/serialnumbers.html


Many people collect "star notes." Star notes are used by the Bureau of Engraving and Printing to replace misprinted/damaged currency before it goes into circulation. These replacement notes are printed just like normal notes, except there is a star printed in the serial number. On Federal Reserve Notes, the star is where the block letter normally is (the last letter of the serial number). On Legal Tender notes and Silver Certificates, the star is where the prefix normally is (the first letter of the serial number).  I've shown one of those before.


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I got into another container of dug pennies and separated out a couple dollars of spendable or cleanable pennies.  I hate those unusable salt water destroyed zinc pennies.

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The surf is very small, and the tides aren't very big either.

Happy hunting,
Treasureguide@comcast.net