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.

See: https://www.monex.com/prods/investing-in-palladium.html

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

8/23/19 Report - Atlantic Heating Up. Mint Error. Problems With Air Tests and Tests Gardens.

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

Source: nhc.noaa.gov

An area of low pressure just east of the upper Florida Keys has a 70 percent chance of developing into a tropical cyclone over the next five days, but models disagree on what it means for South Florida this weekend.

The system, which would be named Dorian if it gains tropical storm status, has a 40 percent chance of developing over the next 48 hours.

While heavy rain is expected from the would-be Dorian, National Weather Service meteorologists in Miami said Friday morning that “global weather models are all over the place and not in good agreement with how they handle this disturbance.”

Looks like the Atlantic is becoming more active.  We might actually get improved beach detecting conditions some day.

We're getting a small bump in the surf now. In the next couple of days we might get up to three feet - which still isn't that much.

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If you check your clad finds sometimes you'll find some interesting things.  Here is a 2016 clad quarter.

2016 P Quarter Showing Strike Through.

Here is a closer view of the strike-through.

Strike-Through on 2016 Quarter.

This has been identified as a strike-through, which is when debris is on the planchet when the die hits it to impress the image.

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Conducting an air test or using a test garden is very different from metal detecting in the field.  When you conduct an air test, you start with a known target and do whatever is needed to get the best signal from the metal detector.  That is the opposite of what happens in the field.  In the field, instead of bringing a target to the detector and presenting it in the best way possible, you cover large areas of ground not knowing if there is a target or where in that acreage a target might be hiding.  In that situation, your behavior is very different.  You scan large areas - probably very quickly.  Your sweep pattern, including speed and height and other factors come into play, as well as various sources of noise, ranging from wind, surf, other people, tinnitus, electrical and radio interference, and ground mineralization to junk.  An air test has very little in common with actual metal detecting.  It is, however, a good starting place for learning about your metal detector.

A test garden is in a specific location.  The detector doesn't have to adjust to changing salt mineralization or any kind of changing ground mineralization, not to mention the fact that and you know where the targets are and what they are.  

I can't stress enough the huge effect of having a known target in a specific location, as compared to not knowing if there are any good targets, or where it might be in an expansive area, and not knowing what kind of target it might be if there is one.  To make that even more complex throw in an unknown quantity of randomly scattered junk targets of various types.

One of the early goals of psychologists was to measure the sensitivity of our sensory systems. They found that factors other than the sensitivity of sense receptors influence whether a stimulus is detected or not.  There is no single fixed level below which a person never detects a stimulus and above which a person will always detect it. Other factors are involved.

This approach [signal detection theory] abandons the idea of a threshold. Instead, the theory involves treating detection of the stimulus as a decision-making process, part of which is determined by the nature of the stimulus, by how sensitive a person is to the stimulus, AND by cognitive factors...  when a person is quite uncertain as to whether the stimulus was present, the individual will decide based on what kind of mistake in judgment is worse: to say that no stimulus was present when there actually was one or to say that there was a stimulus when, in reality, there was none.

To sum that up, detection of a signal is not only determined by the sensory system but also affected by decision strategies (cognitive/thought processes).  Sensory thresholds vary depending upon decision strategies and the value of targets and risk of mistakes.  Thresholds are also affected by expectations.  What weight do you put on the possibility of missing a good target versus digging junk?  Are you excited and expecting to find something big or getting worn out and tired of digging junk.  Those kinds of things can affect your focus, attention and perceptions as well as other behaviors.

An example from everyday life illustrates this point. Suppose a person is expecting an important visitor, someone that it would be unfortunate to miss. As time goes on, the person begins to "hear" the visitor and may open the door, only to find that nobody is there. This person is "detecting" a stimulus, or signal, that is not there because it would be worse to miss the person than to check to see if the individual is there, only to find that the visitor has not yet arrived. 

(See https://psychology.jrank.org/pages/585/Signal-Detection-Theory.html for more about that.)

Signal detection theory was developed during World War II when radar was invented.  They wanted to study how operators could detect planes on the radar scope also showing other return (noise).

The effect of knowing where a target is and working backward to see if you can detect it is very different and results in very different results than you would get not knowing if there is any target at all.  In a test bed, that can be somewhat minimized by closing your eyes and truing to detect as if you had no idea where the targets were.

Unfortunately there is no perfect way to compare metal detectors.  They have so many different settings and there are so many variables in how they are used.  A large part of success is determined by how you use the detector rather than its capabilities.    Air tests and test beds definitely have theie place, but the limitations should be recognized too.

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Happy hunting,
TreasureGuide@comcast.net

1/16/19 Report - Beach Conditions Check. Strike-Through Error on Modern Coin. Wishing Well and Foreign Coins.

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

2016 Quarter With Gash That Appears To Be a Strike-Through Mint Error.

I recently found what some experts think is a strike-through error on a quarter that I received in change.   Shown here is that 2016 quarter.

Probable Strike-Through Error on 2016 Quarter Found in Change.

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I went out to check some beaches this morning near low tide.  The first stop was John Brooks.  The water had been pretty high, but despite a nice little angle to the waves, there was absolutely no erosion.  The low tide was not very low and the surf was less than I expected.  With the northwest wind, there wasn't much surf at all.

There wasn't a single car in the parking lot and no one to be seen on the beach.  I was also expecting it to be colder, but found it very comfortable.  I was dressed for cold weather though.

Unfortunately I didn't get any photos because my phone batter was too low.  That was a disappointment.

I checked out a couple other South Hutchinson Island beaches and saw no erosion anywhere.  Not even South Jetty Park.  Blind Creek looks like it hasn't hardly changed at all in the past few weeks.

Overall, I saw no improvement in beach conditions.  Some of the beaches to the north or south might be better, but I saw nothing very encouraging.

The predictions don't look any more encouraging.

Source: MagicSeaWeed.com.

As you can see, the surf isn't predicted to get any higher in the next few days.

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A few days ago I recommended the book Silas Marner.  One person said they saw it on video and it  is now there most favorite.  I don't know how well it was adapted to video, but it evidently worked.

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Throw a coin over your shoulder into Rome's Trevi Fountain, the legend says, and it will bring you good fortune and you will one day return to the Eternal City.

It is an essential tradition for millions of tourists. But few will have suspected their loose change would also spark a bitter row between Rome's secular authorities and the Catholic Church.

Traditionally, the €1.5 million (£1.3 million) of coins scooped out of the stunning Baroque fountain each year are actually destined for the Catholic charity, Caritas, to help the city’s poor and homeless.

Now Rome’s Mayor, Virginia Raggi , says the €4,000 (£3,600) worth of coins tossed into the fountain every day belong to her administration.

From April 1 the donations will no longer be paid to Caritas, but are to be used by Rome City Council for the maintenance of cultural sites and social welfare projects.

Here is the link.

https://www.telegraph.co.uk/news/2019/01/13/rome-authorities-catholic-church-unholy-row-coins-trevi-fountain/

Tons of coins get thrown into wishing wells and the like.  It is amazing to me how many coins get thrown away like that.

It would be nice to find an old wishing well or something like that.  I remember one little bridge across a brook where we used to stand as children and watch the guppies.  If I was back there, I'd like to check under that bridge with a metal detector even though none of us would have thrown away so much as a penny.

I think a lot of people at tourist destinations throw away their loose change when they leave because they'll have no use for the foreign currency when they get home.  There is not a puddle at Disney World that isn't full of coins.  I don't know what happens to them.

If you look detect at a location that will have foreign coins, remember to adjust your detector settings.  Many foreign coins are made of other materials can easily be discriminated.

Foreign coins will often move differently too because of the different shapes and density.  In St. Lucia, for example, the local coins were very light.  They would wash around in the surf very much like aluminum.  While I didn't target coins there, I would find enough local change to buy a meal or two every day.

I talked to one person who thought tourists would throw away their local change when they left.  I don't know about that, but there was plenty of it to be found.

Happy hunting,
TreasureGuide@comcast.net

3/7/16 Report - Unusual Twenty Dollar Bill Error Received From ATM. Spacex Rocket Over T. C. Surf Is Up.

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

Twenty Dollar Bill Error.

The other day I showed a sixpenny nail stamped with a Roosevelt Dime.  Here is another colorful mint error.  It is a 20$ Bill with a Del Monte Banana Sticker on it.

...this note was auctioned by Heritage Currency Auctions of America, held January 6 & 7, 2006 in Dallas, Texas for US $25,280...

...The twenty dollar bill went through the entire Bureau of Engraving and Printing inspection check points until it finally found itself sitting in an ATM Machine somewhere in the state of Ohio. 

There, a young college student retrieved it and immediately realized he had a $20.00 bill worth more than face value...

Here is the link for the rest of that story.

http://www.banana-label.net/labelhistory/tof_01_2007.html

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Spacex Rocket Launched March 4.

I happened to get a good view of the Spacex rocket that launched on March 4th.  It was easily seen over the entire TreasureCoast.

Here is link for more about that.

http://www.floridatoday.com/story/tech/science/space/2016/03/03/spacex-targets-friday-evening-launch-falcon-9-rocket-cape-canaveral/81265780/

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The big news today is that the surf is up.  There is also a big surf with negative tides.

Unfortunately I'm very busy and haven't been able to get out to the beach to see what is going on.  I'd appreciate any reports or beach photos that any of you can send in.  I don't know when I'll be able to get out to do a beach survey myself.  Normally I keep up with that, but right now I need a little help.

I also heard that there are Portuguese Man-O-War.

Due to the wind direction I don't think there will be any major beach improvement, however I always like to check it out.

That's all or now.

Happy hunting,
TreasureGuide@comcast.net