Written by the Treasureguide for the exclusive use of the Treasure Beaches Report.
Today, coins from the Atocha and other shipwrecks can command premium prices from collectors intrigued by the history of these recovered treasures..
But shipwreck coins weren’t always so desirable. In fact, until fairly recently, the opposite was the case, says Heritage Auctions Numismatist Thomas Ribeiro. “Until about a decade ago, a shipwreck coin was a damaged coin,” he says. “No one wanted to collect them because they were considered to be diminished in value just like if they had a hole or a scratch on them. Around 2010, people started to understand their historical importance.”....
Here is the link for the rest of that article.
I don't totally agree with that article, but it is an OK read and provides one or two other good links. One of those links will take you to a link for a new shipwreck and treasure auction by Heritage Auctions
And here is a quick link that will take you to featured losts, such as the one shown at the top of this post.
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Not long ago I did a pot about the number of silver rings found on the shipwreck beaches compared to the almost complete lack of silver rings found on the 1715 Fleet wrecks. There is another big discrepancy to think about.
Many gold coins are found by salvage operators in the ocean and on the shipwreck sites. In contrast, there are very few gold coins found on the beaches although there are many more silver shipwreck coins found on the beaches. What does disparity say?
It could be nothing more than the large number of silver coins being shipped compared to the number of silver coins. Without inspecting each manifest, on some wrecks the proportion might be something on the order of 1000 silver to 5 gold. That might account for the very small number of gold beach coin finds without even considering differences in pre and post wreck distribution processes.
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Here is an excerpt from an article about what happens when we become cashless.
... Most of the vendors there were using Square to process payments. The typical fee is about 3 percent to 4 percent per transaction. That might not sound like much, but that percentage is shaved off every single time money changes hands digitally.
If I hand $20 in cash to the empanada vendor, and he hands that same $20 to the barber who cuts his hair, and the barber gives it to a babysitter, and the babysitter uses it to buy a pizza, that same $20 bill keeps moving through the community at full value. No one skims anything off the top.
But in the digital system, that cut happens again and again, and the effect compounds. At a 3.5 percent fee, after one transaction, that $20 becomes $19.30. After two, $18.62. After three, $17.97. After four, $17.34. After five digital transactions, only about $16.74 remains in circulation. More than $3 of the original $20 has quietly disappeared in just a handful of everyday exchanges. That money didn’t go to the farmer, the barber, the babysitter, or the pizza shop. It left the community entirely...
When everything becomes digital, spending can be tracked, restricted, frozen, or flagged. We may not feel that pressure today when we’re buying coffee and pastries in beautiful spaces, but systems built for convenience can easily become systems of control....
Here is the link for the rest of that article.
When Cash Disappears, So Does Something Else | ZeroHedge
Digital can be turned monitored, controlled, manipulated turned off.
One thing the article doesn't mention is that the fees go to the financial institutions and the consolidation of power at the transnational level.
I resist using anything but cash as much as I can and have long done so. I prefer, whenever I can, to pay cash and take the goods. Done deal - over and out.
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Nothing special here. I'd guess that most, if not all, the small cuts that existed yesterday have washed out.
Good hunting,
TreasureGuide@comcast.net





































