Tuesday, April 21, 2020

4/21/20 Report - Cannon Dug Up. Odd Shaped Coins. Black Swan Treasure Remembered.


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



An old cannon was found buried at a construction site near the Pak Kong car park in Rua de Demétrio Cinatti on Thursday, the Public Security Police (PSP) said in a statement...

Here is the link.

https://macaunews.mo/old-cannon-found-at-construction-site/

That is one hefty cannon.

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The Numismatist lists about 900 US coins and coin varieties and gives the prices for those coins in multiple conditions - usually nine or ten conditions, making a total of around 9000 prices.  That is a lot of coins and prices.

Heptagonal Coins From
Mexico and Kenya
The vast majority of those coins are round.  That is not surprising, but there are coins that are not round.  I've found some like the ones shown above, but also some that are square and some that might be described as scalloped.  I didn't take the time to find them, but below is a stock photo showing both square and scalloped coins.


I started wondering why most coins are round.  Vending machines depend upon coins rolling down a shoot, so that is one reason for modern coins to be round, but why were coins round before there were vending machines.  Of course we know that some cobs were not very round and some of them were nearly square, but there still was a tendency to make coins round.  It seems to me that manufacturing square coins might make more efficient use of the metal, depending upon the method of manufacture.

I wonder why coins have been so predominantly round, even back to ancient times?  It would seem to me that square would be just as satisfactory as long as there were not sharp corners.  I guess a single unbroken line without angles is simple and strong.  And it seems easier to stack round coins.

Anyhow I got interested in coins that are not round (other than cobs) and will try to find some that I've found.  If I correctly recall, St. Lucia had both square and scalloped coins.

What odd shaped coins, other than cobs, have you found?

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Phillip E. sent me the following photos of Jacksonville Beach.  The top photo is the one published by the media and the bottom one is the one he took,  Very different looks.




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Tony S. reminded me of the finagling in the Odyssey Marine vs Spain Black Swan case.

If you want to check it out here is the link.

https://goldandsilverblog.com/black-swan-silver-treasure-plundered-by-spain-with-surreptitious-help-from-u-s-0351/

Notice the letter towards the end of the article.

Since they lost the Black Swan Treasure they became primarily a mining company.  GlobalNewsWire quotes them as saying, We currently have three significant seafloor mineral projects in various stages of development for critically important resources including; phosphate, cobalt, nickel, copper, rare earths and gold.

Their stock is down around $3.50 per share.

Anytime there is big treasure, politics will be involved.


The GoldAndSilverBlog does not seem to have any recent posts.

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You haven't been hearing so much about the IMHE model, as I said would be the case after they presented it.  Not only did it have a huge cone of error (using hurricane model terminology) and was way off, but it really set me off when they gave mitigation as the reason for the difference between the actual numbers and the numbers predicted of the model without even considering error or any other possible factors.  That was just too much for me, especially from expert scientists.  I acknowledge that I was hard on them. To me that is not about politics at all.  It is about using data, and reaching conclusions - the same kind of thing I talk about all the time as it applies to finding objects or identifying artifacts.  It shows the general usefulness and applicability of the same methods ie. considering all the factors and alternative explanations.

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There is more talk of opening up states and businesses.

On the Treasure Coast the surf is small, and it won't be long until salvage season gets ramped up.

Happy hunting,
Treasureguide@comcast.net.