Showing posts with label values. Show all posts
Showing posts with label values. Show all posts

Monday, May 6, 2019

5/6/19 Report - Mystery Find. Old Rat Tail Spoon. Shipwreck Silverware. Silver Coins As Investments.


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


Rat Tail Spoon
Photo submitted by Dan B.

Dan B. has been reading and researching while recovering from surgery.  One of the things he learned is that his spoon (shown above) is called a "rat tail" spoon.  You can see why.  It is because of the supporting ridge that extends part way down the bowl.  Dan says he has found mostly pewter examples.

The rat tail helps date the spoon.  Here is a couple paragraphs from the Queen Anne's Revenge web site.

Of particular interest to us in dating our spoons is the evolution of the spoon during the second half of the 17th century. During this period, the bowl became wider and eventually the join of the bowl to the stem was reinforced with a spinal rib extending down the bowl. This feature is called a rat tail and can be seen not only on the backs of the spoons pictured here, but also clearly in the X-ray.  (See original article.)

All four of the bowls we have at present have the rat tail. Though this detail helps us with a generic dating of the spoon, it is difficult to identify them more specifically as their handle is shortened or missing entirely. Furthermore, we have not determined if our spoons were shortened intentionally  or broken before or during the wrecking of the QAR; however, this modification is a historically and archaeologically documented practice among sailors in the late 18th century. Why? So sailors’ personal spoons would more easily fit within their pockets. Could this be why we find so few spoons – they simply left the ship in the pockets of their respective pirate owners? Granted, its only one answer among many possibilities, but it does make one think how different shipboard life was 300 years ago.


Here is the link.

https://www.qaronline.org/blog/2019-04-03/artifact-month-pewter-spoon

The evolution of silverware is well documented, making it fairly easy to associate examples with a particular time period.  Many items are much more difficult.

That is an interesting example of how shipboard culture results in discrepancies between finds from shipwreck sites and land sites.  There are some interesting unanswered questions having to do with apparent discrepancies between submerged shipwreck finds and shipwreck beach finds.

There was a rat tail spoon from a 1798 wreck listed in the recently completed Sedwick auction with an estimate of between $500 - $700.

A silver fork from the 1715 Fleet was listed at a much lower estimate -  $100.  Tjhere have been quite a few of them found.  They aren't much different from the spoons you use.  Although forks started out with two tines, the one in the auction had four, which it seems became the most common.

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Mystery Item.
Photo and find by John E.










John E. found this item Saturday.

It seems to show a trident over water.

In Ancient Greece, the trident was a symbol of abundance and that’s why it was depicted on coins and talismans to attract wealth. It symbolized the unlimited treasures of the sea.
John thought the item might be an earring.

It looks like an earring to me, except it looks like it would be very difficult to put in.  That part just doesn't look right to me.


What do you think?










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Jacksonville, Florida.

Two teens swept out into the ocean prayed for help. Then along came a boat named 'Amen.'
Eric Wagner said he was taking his boat from Delray, Florida, to New Jersey when he found the teens about two miles from shore...

https://www.nbcnews.com/news/us-news/two-teens-stranded-ocean-prayed-help-then-along-came-boat-n1001576

That is a reminder to watch those rip tides.

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I was looking at a Peace Dollar the other day.  It wasn't struck very well.  That is common with Peace Dollars.  Most of them aren't worth a lot.  A lot of peace dollars in average circulated condition aren't worth any more than nineteen or twenty dollars.  I would have expected more appreciation.  Peace Dollars were made from 1921 through 1935, so they are nearly a hundred years old.

As investments that doesn't seem very good.  Due to inflation, a dollar in 1920 is equivalent to about $12.50 in today's money.  So the majority of the gain in the value of your average condition Peace Dollar is mostly just inflation.

If you put a dollar in the bank and let it accumulate interest over the last hundred years, I think you'd have a lot more.  I won't look it up right now, but you can if you want to.

Of course if your Peace Dollar was a rare example or in much better condition, the story could be different.  In MS60or 60+ condition, the values are in the hundreds of dollars, and a 1934 S could be worth over a thousand dollars.

What I'm saying is that you can't just take any coin and put it away and expect it to be a good investment in the future.  Like with so many things, rarity and condition are very important, and if you want to pick a good investment, it helps immensely if you can select those examples that have a good chance of appreciation.

The value of silver has dramatically changed over the past hundred years.  If you are dealing with  common silver coins in average or poor condition, the price will be affected a lot by the bullion value, which varies wildly.

Here is a hundred year chart for the price of silver.



That is amazing to me.  The dollar value of silver has varied from down around $5 up to around $116 per ounce.  If you decided to sell such coins at the peak when the Hunt brothers were manipulating the price of silver, you would have done well.

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The surf will be only one to two feet for a couple of days, increasing some around Thursday.

Happy hunting,
TreasureGuide@comcast.net

Thursday, October 30, 2014

10/29/14 Report - Sedwick Coins Video. Coin Values: Ancient and U. S. Find The Best Home For Metal Detector Finds.


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

Here is a quick but powerful video showing some of the lots in the upcoming Nov. 6 Sedwick Coins auction in Orlando.

Above is one of the many images from the auction teaser video.  Click on the following link to go to the video.

https://www.youtube.com/watch?v=Pau9XNFLroo

Fun video!

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Many people think that an older coin will naturally be more valuable than a modern coin.  It seems natural that an ancient coin that is hundreds or thousands of years old would be very valuable.  You might be surprised to learn that U. S. coins are often more valuable than ancient coins though.  There is simply more interest in and a better market for many U. S. coins.

The U. S. Coin Values Advisor did a study involving the selling price of thousands of U. S and ancient coins on eBay to see how U. S. coins compared in value to ancient coins.

The average selling price for ancient coins was higher than the average selling price for Indian Head cents and Morgan dollars, but the highest selling price for both Indian Head cents and Morgan dollars was much higher than the highest selling price for an ancient coin.

There are many common and lower-condition Indian Head cents and Morgan dollars sold at relatively low prices, but rarer examples in fine condition sell for very high prices - much higher prices than ancient coins.

To be specific, an 1877 MS-66 Indian Head sold for $53,000 while a 320 BC Stater sold for nearly $15,000.  The Stater was over 1500 years older than the Indian Head.

Here is the table summarizing the results of that study.


And here is the link to the article about how U. S. coins are often a better investment ancient coins.

http://www.us-coin-values-advisor.com/Ancient-coins-vs-US-coins.html

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A variety of factors determine the value of an item, but you won't get the full value of an item unless you get the item in front of the people that really want it.  They say that an item is only worth what someone is willing to pay for it, so you have to get the item in front of the person that is willing to pay a lot for it.  That person will often be the person that appreciates it the most.

Some people don't sell finds.  I say it is good to sell an item when by selling the item it goes to someone who cherishes it and will take good care of it. 

I'm not talking about things like class rings or engagement rings here.

I've sold some items that went to museums where they were displayed and viewed by many people.  That is the kind of thing that pleases me.

One bottle from Fort Pierce was bought by a well known bottle collector, who published a picture of the bottle in a book on pharmacy bottles.   In cases like that I'm glad I sold the item, and I feel that I did the right thing by offering the item for sale.

Selling an item sometimes isn't just about the money.  It can be a way to find the best home for the item.

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The one remaining tropical disturbance in still down by the West Indies, but moving generally towards the Treasure Coast at this point.

We have a small surf on the Treasure Coast.  It might increase in a few days.

Happy hunting,
TreasureGuide@Comcast.net.


Wednesday, May 7, 2014

5/7/14 Report - Seated Quarters, Fantastic Detecting in the Old Days by Clint L. and Rip Current Danger


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

1853 Seated Quarter
Find and photos byDan B.
Dan. B. got his 1853 Seated Quarter cleaned.  Here are photos of that coin after cleaning and before.  This is the other side from the one I showed before.

Below Dan's photos are pictures that would help you grade a seated quarter.

The grading photos along with values for seated quarters can be found by using this link.

http://www.coinstudy.com/seated-liberty-quarter-values.html

Use the pictures to grade it for yourself.  Then look up the values.

I personally like the nice handled look even though the wear knocks the value down.

That is a useful web site.  Take a look.



Seated Quarter Grading Photos.
Source:http://www.coinstudy.com/seated-liberty-quarter-values.html



























In a couple of previous posts I posted some of what Clint L. sent me in an email.  This is the third and concluding part of Clint's email message. 

Here is what Clint said.





 There you have it.  Thanks for sharing Clint!


On the Treasure Coast beach conditions haven't changed, but there are some rip currents.  Watch out for those.  If you don't know about rip currents and aren't experienced with them, they can be dangerous. 

If you aren't familiar with rip currents and do any water detecting, this is required knowledge.

http://www.loving-long-island.com/rip-currents.html


Happy and Safe 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