Tuesday, December 10, 2019

12/10/19 Re;port - Rare Mint Error Coins Found on SS Central America. Finds and Friends. Palladium Coins, Jewelry and Investment.


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



Nine Rare 1856-S/s Quarters Discovered In SS Central America Treasure.


The fabled SS Central America, the famous "Ship of Gold" that sank in 1857 carrying tons of California Gold Rush treasure, continues to surprise and delight the numismatic world...

Here is the link for more about that.

http://www.coinnews.net/2019/12/03/nine-rare-1856-s-s-quarters-discovered-in-ss-central-america-treasure/

Interesting that they found mint errors on coins that were already rare and historic because of their age and association with the SS Republic.

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I'm not much of a coin collector.  I don't buy coins.  I like finding coins - even in parking lots.  I check my change, and of course I dig up a lot of coins.

One thing I don't like about the coin collecting hobby is the extreme emphases on condition.  A barely discernible difference that most people can't even see with the naked eye can result in a huge difference in value.  People will pay thousands or millions of dollars for an encapsulated coin that they can't even touch.  

Personally I like coins that show some age and wear.  They've been used and handled.  In my opinion, the wear and patina makes them more appealing.  It tells something of their journey and story.

To be special to me, a find of any type doesn't have to be rare or valuable or highly sought after.  It just has to be meaningful in some personal way.

I've received some very nice coins as gifts.  They are nice enough.  They are shiny and new, some even beautiful to look at, but still something is lacking, and it isn't entirely because of the sealed containers.

There are millions and millions of different kinds of coins.  There are seemingly even millions and millions of rare coins, but a coin is just one more of the millions until it somehow becomes special to you.   Maybe it is the "perfectness" that makes it special to you.  Maybe it is the story behind it - maybe a pirate or treasure story.  Maybe it is something very personal.  Maybe it is just the fact that you are the one that found it.

I just realized that finds are a little bit like friends.  There are millions upon millions of people in this world, but each one is unique. They might not be perfect in every way.  You don't know everything about them, and you continue to learn more about them.  There are probably some things they don't want you to know, but you can accept them the way they are.  They always come with a history and a story.  But the more you get to know them, the more you appreciate them.  And when you find a friend, their story becomes part of your story and that makes them special to you.

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Currently selling for nearly $1900 per ounce, as an investment palladium (Pd) has been outperforming gold and silver.  While the primary use of palladium is in automobile manufacture, it is also used in jewelry and Canada produces palladium coins.

Here are some facts about palladium presented by Monex.

  1. Palladium is the least appreciated of the four precious metals as an investment, but
  2. Palladium prices have appreciated more than the more popular precious metals over last ten years.
  3. Congressional approval has paved the way for the first Palladium Eagle from the US Mint.
  4. US Mint's Palladium Eagle will use the famed “Mercury Head” dime obverse design.
  5. A United States palladium coin will endorse the metal as an alternative bullion investment.
  6. Recent advances in Selective Catalytic Reduction reduces the quantity of palladium per vehicle.
  7. During a temporary supply squeeze, palladium prices exceeded gold prices, reaching $1,000 per ounce.
  8. South Africa mine production fell over most of the past decade, and is projected to decline further.
  9. For the most part, palladium is produced as a by-product of other mining.
  10. About 40% of the worlds mining supply comes from just one Russian company, Norilsk.

Palladium jewelry will often be marked PD950.

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The surf will be running around three of four feet on the Treasure Coast for a few days.

Happy hunting,
TreasureGuide@comcast.net