Showing posts with label currency. Show all posts
Showing posts with label currency. Show all posts

Monday, June 8, 2020

6/8/20 Report - Shipwreck Bochie or Manillas From 1600s Wreck. Fenn Treasure Finally Found. Sebastian Beaches.


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

Sebastian Sunday
Beachcam image submitted by JaminJack.

Jaminjack sent these two beach images.  The first was a little earlier when there were fewer people out.

You can see the scooped front beach and some dips in the water.


Sebastian Later Sunday.
Beachcam image submitted by JaminJack.

Thanks Jack.

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Odyssey Marine explored a shipwreck found at the Western Approaches to the English channel.  the wreck, dated to circa 1660 - 1680, appears to be a merchant vessel of the Royal Africa Company.  36 iron cannon, a quantity of elephant tusks and copper bracelets were among the artifacts discovered on the site.


Manillas or Bochie
Bracelets Used As Money in West Africa Up To The 1940s.
Source: Odyssey Marine, Paper 23.

In Odyssey Marine Paper 23, bronze or copper bracelets that were used as money in West Africa since at least the 1500s, were discussed.  It is thought that originally they were created by the indigenous Africans from rods or spikes salvaged from shipwrecks.  Later they were manufactured in great numbers by Europeans who traded them for slaves, gold, ivory and other products.

 West African exchange demanded enormous quantities of this form of currency. As early as 1504-07, just one trading station along the Guinea coast imported 287,813 manillas from Portugal (Davies, 2002: 47). In modern terms of monetary exchange they yielded high dividends. In 1505 a Portuguese merchant reported that at Calabar a large elephant tooth could be exchanged for one manilla and a slave purchased for eight to ten copper manillas (Einzig, 1949: 150-1; Johansson, 1967: 12)…

The Odyssey paper provides a detailed study of the wreck, including much damage by fishing trawlers and provides many pictures of the site and artifacts found on the site.

Here is the link for more of the study.

https://www.academia.edu/3597456/Neil_Cunningham_Dobson_and_Sean_A._Kingsley_A_Late_17th-Century_Armed_Merchant_Vessel_in_the_Western_Approaches_Site_35F_?email_work_card=title


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SANTA FE, N.M. (AP) — Famed art and antiquities collector Forrest Fenn, who hid $1 million in treasure in the Rocky Mountain wilderness a decade ago, said Sunday that the chest of goods has been found...


Fenn posted clues to the treasure’s whereabouts online and in a 24-line poem that was published in his 2010 autobiography “The Thrill of the Chase."...


Fenn told The New Mexican in 2017 that the chest weighs 20 pounds (9 kilograms) and its contents weigh another 22 pounds (10 kilograms). He said he delivered the chest to its hiding place by himself over two separate trips...

Here is the link for more about that.


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Cristobal weakened as it moved inland.

On the Treasure Coast we'll have a few days of smooth surf.

Happy hunting,
TreasureGuide@comcast.net

Monday, May 13, 2019

5/13/19 Report - Alternative Types of Treasure Hunting and Thinking Outside the Sphere. $24,000 Penny Find. Cashless Society.


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

Urban Prospector
Source: New York Post.

There are many places and ways to treasure hunt. but people are usually on a very narrow track.  They might try one or two or maybe three kinds of hunting, but there are many others that they never even consider.

While most of the time I metal detect on the beach,, I have done some other very different things, but there are still many others that I have never tried.

There are some types of hunting that most of us would never think of.  For example, there is a fellow that hunts the cracks and pot holes in the streets in the New York diamond district ( photo above).  He extracts the accumulated debris and later pans it.

You can view the video of how he works the streets by going to this old post.

https://treasurebeachesreport.blogspot.com/2011/12/122611-report-one-strange-place-to-find.html

I really recommend taking a look at that video.

You might be surprised by how much you can find on the streets.  Without even trying, I can remember finding, a heavy gold chain, gold bracelet, gold earrings, and Gucci and other watches on the streets, so I'm not at all surprised by the success of that fellow.

Parking lots are good too.  You have a good chance if at first light of day you search in front of a glitzy but rowdy bar after a busy night.  I learned that when I arrived early one morning to detect and found a heavy gold chain after getting out of the car.

I once found a gold ring that had been smashed by cars in a puddle in a parking lot.  I looked for the gem stone in the puddle too, but I don't remember if I found the gem stone or not.  I doubt it, or I'd probably remember it.

When I lived down south and visited the shopping malls with my wife, I'd spend a lot of time scanning the floor especially around the edges of the jewelry cabinets and under the clothes racks. You might be surprised by how often you could find an earring backing or some other little piece, like maybe a small stone that popped off.  That isn't what we typically think of as treasure hunting, but for me it was.

I used to find valuable old books at thrift stores.  That is not as easy now because of how the collectible book market has changed as a result of the internet.  That was also a type of treasure hunting for me.

My point is, no matter what type of hunting you do, there are other types of hunting that you might not think of.   People naturally fall into habits, and those habits can become constricting.

I believe that despite the amount of sharing that takes place these days, most finds are never reported or publicized.  Those that are publicized usually don't reveal much of anything that is radically new .  People that are onto something really new and exciting often aren't ready to publicize what they are doing.  And they are too busy.

It is good to be skeptical, but a person can dismiss things too quickly because of the limited range of their own experiences and imagination.  That is a real danger.

Most beach hunters have not done much cache hunting, for example, and there are a lot of different ways to do cache hunting.  You can do it like they do it on the Curse of the World War II Gold TV program, which for my taste is way too much like the Oak Island show, or you can do it many other ways.  Glenn Carson wrote a book on the subject, but I haven't seen a lot written on the subject.  There are so many places and ways to do it, and the hits are not real frequent.

People who renovate houses have an inside track on cache hunting.  There are things stuffed away in nooks and crannies that are forgotten.  I know that for sure.  You can occasionally stumble on a find like that, or you can intentionally hunt things like that and become skilled at it.

Abandoned houses, shacks, barns often conceal nice treasures too.

I define "treasure hunting" way more broadly than "metal detecting."  Although I enjoy and have done a lot of metal detecting, I have done some other types of hunting too - some of which are less common and less written about.  There are many other ways to hunt for things.  I personally like what I call eye-balling, which can be practiced in more places and will result in different kinds of finds.

As we all know, beach metal detecting is a great activity.  It offers so much.  Being outside is nice.  The exercise is good.  And you never know what you might find.  And in my opinion, it is a great educational activity.  There is so much you can learn from it.  It is also a challenge.

It is important to evaluate information and ideas, but I think creativity is as important as skepticism.  Things can be too quickly accepted or too quickly dismissed.

When you see or hear something that you think is impossible, at least entertain for a minute the possibility that there might be something you haven't thought of.  Ask yourself how it might be possible. You might discover brand new opportunities when you challenge your own skepticism.

For me, a lot of the fun of treasure hunting is the creative process.   Don't let treasure hunting become a mindless mechanical repetition.  There are always new things to learn and different ways to do things.

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Megan Green made a great find in 2017.  It was a 1969-S Lincoln Double Die Obverse cent.

Megan took up coin collecting when her young daughter had a serious heart defect.  Megan needed a diversion and began searching coins.  She searched wrapped rolls and boxes of coins she got from the bank.  After a while she gave up, but then started up again after a taking a break.

Not only did the hobby provide the diversion she need during trying times, but it also helped with medical expenses.  The 1969-S double die cent find was valued by PCGS at $24,000.

That story was reported in greater length in the May 21, 2018 issue of Coin World.

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Here is an article you might want to read about how cash is being replaced by other methods of exchange.  I've talked about that some in the past.  I disagree with some of what is in the article, but you might find some of the ideas interesting.

It starts...

A cashless society has been a talking point for futurists for years, but for one reason or another, has never quite been within our grasp. Now, like the electric car and clean energy, it’s finally happening - and it’s about time...
https://transferwise.com/us/blog/the-disappearing-paper-why-cash-is-a-dying-payment-method

In my opinion there are some very good reasons to use cash and some real dangers to cashless systems.

But what will be the impact on detectorists?   It will hurt some more than others.  Many are not  interested in finding modern coins anyhow.

The article mentioned that the average life of paper currency is only six years.  It looks to me like the life of a zinc penny might not be much better.  I've been seeing a real high percentage of 2018 and 2019 pennies lately.

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Have you ever noticed those slide show articles, like Ten Most Expensive Cars or something like that.  For each and every paragraph you have to click a NEXT icon.   I hate those, they are click-bait, and I just refuse to do them.  If I really want to see the information, I try to find the same information somewhere else, and you usually can, because they steal the information and put it in a form that requires you to click to see each paragraph, and each paragraph come with a bunch of ads. Tyup

I don't do Facebook or some of the other things either.

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Thanks for all the kind reponses to my Mother's Day post

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The Treasure Coast surf for the next week or so will be only one or two feet.

Happy hunting,
Treasureguide@comcast.net

Friday, June 15, 2018

6/15/18 Report - Multiple Error Eight-Reale. 100 Top U. S. Error Coins. Coins and Cash.


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

1775 8-reale Error Coin.
Source: MintErrorNews.com (See link below.)

But what has happened to this particular piece? First, it was struck slightly off-center to about 7:30 o’clock. Then it flipped over and was struck a second time, about 75% off-center to 7:00. However, during the second strike it was sandwiched between the obverse die on one side, and the obverse of an already struck coin on the other. This produced a partial brockage (indent of the the obverse of an already struck coin) on the obverse of our coin, and a clear flip-over, double-strike on the reverse. The 1775 date is indicated by the “75” that shows from the second strike on the reverse...

Here is the link for the rest of that article.


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I've been spending some time looking through coins to see if I can find any good mint errors.  An error penny can be worth more than a Royal escudo.  Mint Error News lists one error penny that sold for 1.7 million dollars.  In fact they list 100 error coins, all of which sold for over $29,000.

Here is a list of the top 100.

https://minterrornews.com/news-1-10-12_top_100_prices.html

If you want to learn about war pennies struck on the wrong metal or three legged Buffaloes, take a look.

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I received a few thoughts on the mystery item I posted yesterday, but will wait a few more days to see if I get any more responses before I tell you what I think it is.  Please send your ideas on that.

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According to the Federal Reserve web site there is about thee times the amount of cash in circulation today as there was in 1997.

Today there is something over $1.6 trillion.  I don't know why there is so much increase.  I wouldn't expect that.

Here are some interesting tables.








Here is the source link for those tables.

https://www.titlemax.com/discovery-center/money-finance/how-many-dollar-bill-circulated/

I was trying to find how many coins are thought to be in circulation today, but couldn't find that.  I bet they have no idea how many are lost.

Over half of all coins produced in 2016 were pennies.

How many coins and bills are lost, collected or stored away is another thing.

Happy hunting,
Treasureguide@comcast.net

Wednesday, May 2, 2018

5/2/18 Report - How To Find Valuable Old Paper Money In Circulation. Ponte Vedra Shipwreck.


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

1957 Silver Certificate.
In the past I've talked about watching your pocket change for interesting coins.  The same goes for your paper money.  I learned that recently when I came across some older bills that I decided to put aside and keep.

Above is a silver certificate.  You could redeem them for silver coins up to about 1967 I think it was.

This one wouldn't be worth more than face value because of its poor condition.  It is stained, creased and torn.  Not good!

I've seen some silver certificates offered for over a thousand dollars.  Condition is important, as are other factors. or

I've learned to quickly check for three things.  One is a star or asterisk instead of a letter after the serial number.  Those are valued by collectors.

Also bills with unusual serial numbers, such as 7777777 or 01010101 or 12344321 are sought.

Also check to see how old the bill is.  The one above is 1957.  It seems that a bill doesn't have to be as old as an old coin to be considered old.


Barr Dollar.
Bills signed by Joseph Barr are collected because Barr was only in office about a month and so you won't find many of those.

This one is pretty clean and crisp.

You might be able to get two or three dollars out of one of these.  They aren't more valuable because so many people started saving them when Mr. Barr died.

1929 C Five Dollar Bill.
I saw one of these five dollar bills graded at 63 offered for $259.  This one isn't near that good of condition.  As with every collectible condition is very important.

The red seal makes this one maybe worth close to ten dollars.

1934 Twenty Dollar Bill.
Again, this one isn't worth much.  If it was in perfect condition, it would be worth more.  If it had a brown seal instead of a green seal, it could be worth more.

... Twenty dollar bills from 1934 with a star symbol at the end of the serial number have a good chance to be worth $100 or more. The value of 1934 $20 star notes purely depends on condition and the serial number.

1934 $20 green seals can also have a low serial number. If the serial number of your bill has six or seven leading zeros then it will certainly command a premium. Five leading zeros might command a premium...

Here is a link for more about that.

https://oldcurrencyvalues.com/1934_20_dollar_bill_value/

You can find old bills worth more than face value in circulation, but you have to know a little about what to look for.  Maybe this will get you started.

Here are some serial numbers to watch for.

  • Seven repeating digits in a row on $1 bills (i.e., 18888888, 59999999)
  • Seven of the same number on $1 bills (i.e., 99909999, 00010000)
  • Super repeaters on $1 bills (i.e., 67676767)
  • Double quads on $1 bills (i.e., 44440000)
  • Super radars on $1 bills (ie: 01111110, 80000008)
  • Serial numbers 99999991-99999999 – any size/type/denomination
  • Serial numbers X0000000, X0000001, and X9999999 – any size/type/denomination
And here is a link for more about that.

http://www.dontwasteyourmoney.com/rare-dollar-bills-worth-serious-money/

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Historic shipwreck in Ponte Vedra reveals more secrets.

That is the title of a new First Coast News article about the Ponte Vedra shipwreck that I talked about a few months ago. The bones of the ship remained on the beach for a while but has been moved and is now being studied.

What has been learned is that the ship was made of American Beech instead of oak, which leads them to believe that the ship was made in the southern U. S.

That is what they learned.

Here is the link.

https://www.firstcoastnews.com/article/news/local/historic-shipwreck-in-ponte-vedra-reveals-more-secrets/77-547420568

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I have some good finds to talk about but I have to keep some of it for a while until I can do some background research.

We'll have a three to five foot surf this week, increasing about one more foot on Saturday.

Happy hunting,
TreasureGuide@comcast.net

Monday, May 5, 2014

5/5/14 Report - Grapeshot(?) Find, Free Civil War Ordnance Book and 1850 World Currency Values


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

Possible Grapeshot Found in Area of Jensen Beaches.
Find and Photo by Christopher P.
 

This rusted object was found by Christopher P. in the Jensen Beach area.  He thought it could possibly be a grapeshot and wondered if any one else had found a grapeshot in the area.

The area does have some good old history.  There are accounts of numerous Spanish gold coins found after a big storm in that area way back before detectors were being used.

I haven't seen that written about in treasure magazines or any of the treasure literature, but I have seen accounts of that.  The author who wrote the fiction book, Treasure Coast Gold.   has shown old photos and documents relating to that.


There is a table that gives data on round iron civil war shot.  Here is the link.

http://www.civilwarartillery.com/shottables.htm

That table shows the allowable diameter for a 6 pounder being 1.14-1.17 inches and weight being 0.21 pounds.

The amount of corrosion on the dug item makes it difficult to measure precisely, but it seems to be a touch under that.

A great google ebook that you can access free on the internet is the following.  The Ordnance Manual for the Use of the Officers of the United States Army, 1861.

If you are interested in US military weapons, you'll love this book.  It has everything.  A very good research book.

Here is the link.

https://archive.org/details/ordnancemanualfo00unit

And the following table came from the same book.



If you want to identify weapons from the Civil War period or any of their parts down to the number of screws or bolts, you'll find it all in that book.


Here are the results of the most recent poll that just concluded.

1. On an ocean beach                    52(46%)
2. In the ocean                               21(18%)
3. Along inland waterway                9(8%)
4. In inland water                              8(7%)
5. Dry land                                       47(42%)
6. Did not detect this month             35(31%)

The first thing I wanted to see is how many people were detecting only one type of area.  There were 111 people who voted and 173 choices.  That means that on average respondents were detecting just over 1.5 of the places listed.  Put another way, about half the people were detecting one type of site, and about half two or more sites.  I know I need to ask more questions to make that more precise, but I think it is a fair rough approximation.  A lot of people seem to be detecting only one of the types of sites listed but about as many are detecting more than one. 

I often warn about the possibility of getting in a rut and recommend trying some different types of sites.  You will probably learn something new if you try another type of detecting.

The most detected place according to the results of this survey is the ocean beach.  That isn't surprising.  It is easy to detect ocean beaches and much of the Treasure Coast is off-limits because of salvage and exploratory leases.  However, I know from previous polls that many of the people who read this blog are not from the Treasure Coast and many live far from the ocean.

Less than half the number of respondents who detect on an ocean beach detect in the ocean.  Again, on the Treasure Coast a lot of the ocean is off-limits.

In some ways it is easier to detect on the beach, especially when the water is rough.  You also need a waterproof detector to detect anything but the most shallow water in the ocean.  That means more expense too.  However if you detect a busy tourist beach where gold jewelry is common, you will find much more gold in the water.

I'm going to end there for today and pick up with this tomorrow.

Locally we have about a two foot surf today and an East wind.  Not promising.

Let me know what you think about Chistopher's find or if you have found a grape shot or anything similar in the same area.

Happy hunting,
TreasureGuide@comcast.net